Ductless Mini Splits Market, By Type, By Mounting Options, By Geography

Global Ductless Mini Splits Market is estimated to be valued at USD 17.92 Bn in 2025 and is expected to reach USD 31.31 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2032.

Figure. Ductless Mini Splits Market Share (%), By Region 2025

The market has witnessed significant expansion in recent years, driven by the increasing demand for energy-efficient and flexible heating and cooling solutions. Ductless mini split systems offer a cost-effective and highly efficient alternative to traditional Heating, Ventilation, and Air Conditioning (HVAC) systems, making them popular among residential, commercial, and industrial consumers. These systems are particularly preferred in retrofit applications, where the installation of ductwork is impractical or too costly.

Rising awareness about sustainable and energy-efficient cooling solutions, combined with stringent government regulations promoting energy conservation, has further fueled market adoption. Moreover, the growing smart home and IoT integration trends have propelled the demand for smart and AI-driven mini split systems. However, factors such as high initial installation costs and limited awareness in developing regions pose challenges to market expansion.

Market Dynamics:

The global ductless mini splits market is primarily driven by increasing energy efficiency regulations, rising electricity costs, and growing demand for eco-friendly HVAC solutions. The transition towards inverter-driven and smart climate control systems has significantly influenced consumer preferences, further bolstering market growth. Additionally, rapid urbanization and increased residential construction activities are creating a high demand for ductless mini split systems, especially in Asia Pacific and North America. However, high installation costs and the complexity of multi-zone systems remain key challenges for market penetration, particularly in price-sensitive regions. Furthermore, the market faces regulatory hurdles related to refrigerant transition policies and efficiency standards.

Despite these challenges, technological advancements and increasing integration of AI and IoT-based controls present lucrative growth opportunities. The emergence of hybrid and solar-powered mini split systems is also expected to redefine the market landscape in the coming years. Additionally, the rising adoption of smart HVAC solutions and expansion of e-commerce sales channels for HVAC products will contribute to sustained market growth.

Key Features of the Study:

This report provides in-depth analysis of the global ductless mini splits market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global ductless mini splits market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co., Ltd., Fujitsu General Limited, Midea Group Co., Ltd., Johnson Controls International plc, Ramsond Corporation, Blue Star Limited, Sharp Corporation, MRCOOL, Haier Group Corporation, and Gree Electric Appliances Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global ductless mini splits market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Market Segmentation

• Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Single-zone Mini Split
  • Multi-zone Mini Split
• Mounting Options Insights (Revenue, USD Bn, 2020 - 2032)
  • Wall-mounted Mini Split
  • Floor-mounted Mini Split
  • Ceiling Cassette Mini Split
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
• Key Players Insights
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries, Ltd.
  • LG Electronics Inc.
  • Panasonic Corporation
  • Samsung Electronics Co., Ltd.
  • Fujitsu General Limited
  • Midea Group Co., Ltd.
  • Johnson Controls International plc
  • Ramsond Corporation
  • Blue Star Limited
  • Sharp Corporation
  • MRCOOL
  • Haier Group Corporation
  • Gree Electric Appliances Inc.