PUBLISHER: The Business Research Company | PRODUCT CODE: 1648743
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648743
Ductless heating and cooling systems are essential for temperature control, optimizing airflow, and ensuring comfortable indoor environments. They present a cost-effective alternative to central HVAC installations, especially in spaces without existing ductwork, surpassing the convenience of single-room heaters and window air conditioners. These systems deliver superior control, energy efficiency, and enhanced air quality, thereby elevating the overall efficiency and comfort of indoor spaces.
Key variations of ductless heating and cooling systems include cooling-only split systems, heat pumps, chilled water systems, and window air conditioners. Cooling-only split systems comprise interconnected indoor and outdoor units through copper tubing. Split systems commonly feature an external heat pump or air conditioner, paired with an internal gas furnace or fan coil. Widely applicable in residential, commercial, and industrial settings, these ductless systems offer versatile solutions for temperature regulation.
The ductless heating and cooling systems market research report is one of a series of new reports from The Business Research Company that provides ductless heating and cooling systems market statistics, including ductless heating and cooling systems industry global market size, regional shares, competitors with a ductless heating and cooling systems market share, detailed ductless heating and cooling systems market segments, market trends and opportunities, and any further data you may need to thrive in the ductless heating and cooling systems industry. This ductless heating and cooling systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ductless heating and cooling systems market size has grown strongly in recent years. It will grow from $85.64 billion in 2024 to $93.75 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to energy efficiency regulations, increasing awareness of environmental sustainability and energy conservation, increased construction industry, fluctuating energy prices, and government incentives.
The ductless heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $135.4 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to climate change mitigation efforts andThe need for energy-efficient buildings, adoption of green building certifications and standards, research and development sustainable materials, increasing demand for passive house and zero-energy building designs, and urbanization and population growth. Major trends in the forecast period include smart and wi-fi-enabled systems, sustainability and eco-friendly refrigerants, inverter technology, ductless mini-split systems, and heat pump technology.
The ductless heating and cooling systems market is set to benefit significantly from the escalating prevalence of smart homes. The proliferation of smart homes empowers consumers with greater control over their energy consumption by automating tasks related to temperature regulation, lighting control, window treatments, and weather-dependent watering adjustments. This enhanced control not only ensures optimized electricity usage but also results in reduced power and water bills. A 2022 survey conducted by Oberlo, a Lithuania-based software development company, reveals a notable increase in the adoption of smart home devices in the United States. The data indicates that approximately 57.4 million households in the country, reflecting a 6.7% rise from 2021, are actively utilizing smart home devices. This growing smart home trend is expected to be a key driver for the ductless heating and cooling systems market throughout the forecast period.
The ductless heating and cooling systems market is anticipated to experience significant growth, propelled by the escalating demand for cooling systems within the automotive industry. Cooling systems, synonymous with air conditioning or refrigeration systems, play a pivotal role in regulating the temperature of various components in automobiles, ensuring optimal engine performance. According to a May 2023 report from the European Automobile Manufacturers Association (ACEA), a Belgium-based association representing the automotive industry in the European Union, global motor vehicle production witnessed a notable increase in 2022. The report states that 85.4 million motor vehicles were produced worldwide, marking a 5.7% rise compared to the previous year. This surge in the usage of cooling systems within the automotive sector is expected to be a key driver for the ductless heating and cooling systems market in the forecast period.
Leading companies in the Ductless Heating and Cooling Systems market are focusing on developing innovative solutions, such as ductless heat pump systems, to improve energy efficiency and offer flexible climate control options for both residential and commercial spaces. Ductless heat pump systems are energy-efficient heating and cooling solutions that comprise an outdoor unit and one or more indoor units, facilitating flexible climate control without the necessity for ductwork, enabling zoned temperature management, and enhancing indoor air quality. For example, in May 2024, Quilt, a U.S.-based technology-driven HVAC company, introduced an innovative ductless heat pump system designed for modern home climate control. This system features customizable indoor units with sleek designs and smart technology. It employs millimeter-wave radar sensors for occupancy detection, enabling efficient room-by-room temperature management through a smartphone app or a dedicated remote. With impressive energy efficiency ratings (SEER2 25 and HSPF2 12) and the capability to function effectively in extreme temperatures, the Quilt heat pump is priced at $6,499 per room, installation included.
Major players in the ductless heating and cooling systems market are strategically focusing on developing innovative products equipped with advanced technologies to fortify their market positions. One such breakthrough technology is microconvective liquid cooling, which utilizes small jets of high-velocity fluid to cool high-power devices in various industries. JetCool Technologies Inc., a US-based company specializing in microconvective liquid cooling solutions, launched its SmartPlate System at the 2022 Open Compute Project Global Summit. This chassis-level, closed-loop, direct-to-chip water cooling solution is designed to enhance efficiency in data center operations. The SmartPlate System offers exceptional cooling performance for the latest generation of high-performance processors and GPUs, employing JetCool's patented microconvective cooling. This technology ensures unparalleled cooling performance and reliability for demanding applications, with a design that facilitates easy integration and installation, eliminating the need for external plumbing or additional infrastructure.
In January 2022, Sila Services, LLC, a Germany-based home services provider, acquired Boston Standard for an undisclosed sum. This acquisition is intended to expand Sila Services, LLC's service offerings and reinforce its market presence in New England. This strategic initiative aims to improve customer satisfaction while providing employees with enhanced resources and support. Boston Standard, a U.S.-based heating and cooling company, focuses on energy efficiency and tailored comfort through Ductless Heating and Cooling Systems.
Major companies operating in the ductless heating and cooling systems market include Daikin Industries Ltd., Fujitsu General Ltd., Hitachi Ltd., Johnson Controls International PLC, Carrier Global Corporation, Trane Technologies plc, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Nortek Air Solutions LLC, Samsung Electronics Co. Ltd., GREE Electric Appliances Inc. of Zhuhai, Midea Group Co. Ltd., Panasonic Corporation, Haier Smart Home Co. Ltd., Electrolux AB, Lennox International Inc., Rheem Manufacturing Company, Pioneer Air Conditioning & Heating Co., Mirage HVAC Systems Inc., Friedrich Air Conditioning Co. Ltd., LG HVAC, Senville, Air-Con International Inc., Cooper&Hunter International Corporation, YMGI Group
Asia-Pacific was the largest region in the ductless heating and cooling system market in 2024. The regions covered in the ductless heating and cooling systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the ductless heating and cooling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The ductless heating and cooling system market consists of sales of single zone and multi zone units. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ductless Heating And Cooling Systems Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ductless heating and cooling systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ductless heating and cooling systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ductless heating and cooling systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.