Ductless Heating and Cooling Systems Market By Type (Split Systems, Multi-split Systems, Variable Refrigerant Flow (VRF) Systems), Application (Residential, Commercial, Industrial), & Technology (Inverter Technology, Smart Systems), Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Ductless Heating and Cooling Systems Market Valuation – 2024-2031

The popularity of ductless heating and cooling systems is growing due to their energy efficiency, ease of installation, and versatility. These systems, sometimes known as mini-split systems provide an effective technique to regulate the temperature of individual rooms or zones without the use of ductwork. Traditional HVAC systems frequently waste considerable amounts of energy through ducts; however, ductless systems reduce this loss resulting in cheaper energy costs and a smaller carbon footprint by enabling the market to surpass a revenue of USD 117.06 Billion valued in 2024 and reach a valuation of around USD 179.81 Billion by 2031.

The increased awareness of environmental sustainability and the need to cut energy use drive consumers and companies to more efficient options such as ductless systems. They offer a versatile solution for residential and commercial areas, making them suitable for a wide range of applications including single-room expansions, full homes, and office buildings. This enables the market to grow at a CAGR of 6.08% from 2024 to 2031. 

Ductless Heating and Cooling Systems MarketDefinition/ Overview

Ductless heating and cooling systems, often known as mini-split systems are climate control technologies that deliver heating and cooling to specified parts of a home or building without the need for traditional ductwork. These systems have two major componentsan outside unit and one or more indoor units. The outdoor unit contains the compressor and condenser, whereas the indoor units commonly installed on walls or ceilings contain air handlers that distribute air into the rooms.

They’re also great for rooms or zones that need independent temperature control including basements, attics, or sunrooms. Ductless systems contribute to greater comfort and energy efficiency by allowing more exact temperature adjustments in various regions. Homeowners may keep desired temperatures in occupied spaces without wasting energy in empty sections which lowers utility expenditures.

Advances in technology are also increasing the appeal of ductless systems with newer versions delivering increase in efficiency, smart home integration, and better environmental performance thanks to the use of eco-friendly refrigerants. As the global emphasis on sustainability and minimizing carbon footprints rises, ductless heating and cooling systems are positioned to become the preferred option for modern, energy-conscious consumers and companies.

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Will the Increasing Number of Smart Homes Drive the Ductless Heating and Cooling Systems Market?

The growing number of smart homes is a major driver of the ductless heating and cooling systems industry. As homeowners embrace smart technology to improve comfort, energy economy, and convenience, ductless systems have become a popular choice due to their interoperability with smart home ecosystems. According to the U.S. Energy Information Administration (EIA), smart home energy management technologies are predicted to be present in 65 million American households by 2025. This trend is consistent with the growing popularity of ductless systems which are easily linked with smart thermostats and home automation platforms.

Thinking about going green? The United States Department of Energy (DOE) says ductless mini-split systems could save you a bundle! We're talking up to 30% more energy saved compared to regular HVAC systems. That makes them a pretty sweet option for smart homeowners trying to save some cash. This energy efficiency thing? It's totally in sync with the whole smart home vibe. In fact, some research published in the Journal of Consumer Research showed that homes using smart energy systems cut their energy use by around 12% on average. Plus, with ductless systems, you get that zone-based temperature control – perfect for that personalized, "just right" feeling smart home folks are after. The American Council for an Energy-Efficient Economy (ACEEE) even says you can save up to 30% on heating and cooling costs with zoned systems. So, if you're looking to get smart about energy, ductless systems might just be the ticket.

Will Increasing Environmental Issues Hamper the Ductless Heating and Cooling Systems Market?

The market for ductless heating and cooling systems faces potential obstacles as environmental concerns grow, notably with refrigerants and energy efficiency. Many ductless systems continue to use hydrofluorocarbon (HFC) refrigerants which have a high GWP. According to the United States Environmental Protection Agency, HFCs can have GWPs hundreds of times higher than CO2. The Kigali Amendment to the Montreal Protocol, ratified by 145 nations as of 2023 seeks to reduce HFC production and consumption by 80-85% by 2047. This regulatory pressure may compel manufacturers to spend in creating alternative refrigerants, thereby raising costs and limiting market development.

Despite these limitations, the market may see chances to solve environmental problems. Building cooling is one of the world’s fastest-growing energy demands with the International Energy Agency (IEA) predicting that it will treble by 2050. Ductless systems when correctly planned and implemented can provide greater energy efficiency than typical HVAC systems. According to the US Department of Energy, ductless heat pumps can save 30-40% on heating and cooling expenditures when compared to conventional systems. Furthermore, the development of low-GWP refrigerants, such as R-32 and natural refrigerants could help to relieve environmental issues.

Category-Wise Acumens

Will Widespread Use in Residential and Small Commercial Applications Influence the Type Segment?

Split systems? Yeah, they're basically the rockstars of ductless heating and cooling right now. They're super popular, mostly 'cause you see them everywhere in homes and little businesses. Think of them as having two buddiesan indoor unit and an outdoor unit, all hooked up with lines carrying refrigerant. They're a simple and effective way to keep a single room or a small space comfy. Installation is usually pretty easy, especially if you're in an older building without ductwork – making them a fantastic choice for homeowners and small companies looking to fix up or swap out their HVAC. Plus, they're really energy-efficient, and you can set each indoor unit separately, so everyone gets the temperature just how they like it, offering that perfectly tailored comfort.

Variable Refrigerant Flow (VRF) systems are super efficient and versatile, but you'll mostly find them in bigger places like office buildings and schools. They're pretty cool because a single outdoor unit manages the flow of refrigerant to a bunch of indoor units at once. That means really precise temperature control and potentially big energy savings, especially in large buildings that need different heating and cooling in different zones. The catch? They're complex and can be pricey to install, which makes them less appealing for smaller projects – that's why they aren't everywhere. Multi-split systems, where you hook up a bunch of indoor units to one outdoor unit, are kind of a middle ground. But even those aren't as popular as simple single-split systems, mainly because they're still more complicated and cost more upfront.

Will the Superior Energy Efficiency and Performance Drive Growth in the Application Segment?

These days, inverter technology is really running the show when it comes to ductless heating and cooling. Why? Well, it’s way more energy-efficient and performs better than the older stuff. You know, traditional HVAC systems that just blast on at one speed and then shut off, trying to keep the temperature right? That constant on-and-off wastes a ton of energy and makes your indoor temperature feel like a rollercoaster. But inverter tech lets the compressor adjust its speed, so it’s putting out just the right amount of cool or heat that you need. Because it’s running pretty much continuously, you’re not just saving energy, but you're also getting a much more comfortable and steady indoor climate. That ability to keep the temperature exactly where you want it, without all those starts and stops, makes inverter-based ductless systems super efficient. That's a big plus for anyone, whether it's individuals or companies, trying to cut down on energy bills and be a little greener.

Smart systems, while becoming increasingly popular, are still more of a supplemental feature than the major engine of market supremacy. The addition of smart features such as Wi-Fi connectivity, mobile app control, and interoperability with home automation systems improves user ease and control but these benefits are frequently overshadowed by the underlying advantages afforded by inverter technology. Smart systems enable customers to remotely monitor and alter their HVAC settings, set routines, and interact with other smart home devices resulting in improved comfort and energy management.

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Country/Region-wise Acumens

Will the Changing Climatic Conditions and the Fast Expansion Drive the Growth in North America?

Think of North America as the big player in the ductless heating and cooling game, mostly because the weather's getting a little wonky and cities are booming. And guess what? That's probably not going to stop anytime soon. All this climate change stuff really hits home in the North American ductless heating and cooling systems market. NOAA says the average temperature in the lower 48 has jumped about 1.8°F (1°C) since 1901. But hold on, it gets warmer! The US Global Change Research Program is saying we could see another 2.3°F to 6.7°F (1.3°C to 3.7°C) bump by 2100. Translation? More and hotter heat waves are coming, which means everyone's gonna be scrambling for something to keep cool!

Think of it this wayone of the big things pushing the ductless heating and cooling market is how quickly North America is becoming more urban. The United Nations says that by 2050, we're looking at 82% of folks living in cities, a jump from 74% in 2020. This rapid growth means we're seeing more apartment buildings going up and older buildings getting fixed up, and that's where ductless systems shine because they're so adaptable and easy to put in. The US Census Bureau says multi-family housing construction jumped 14% between 2020 and 2021, reaching 460,000 units. Plus, the National Association of Home Builders (NAHB) is predicting that about 38% of home renovation projects in 2021 will involve upgrading the HVAC system, and ductless systems are becoming a really popular choice.

Will the Growing Investment in Building and Construction Boost the Market in the Asia Pacific Region?

Looks like Asia Pacific is set to be the hottest market for ductless heating and cooling! Why's that? Well, all that construction and building going on is really fueling things. Think about itmore buildings mean more demand. And get this, the Asian Development Bank (ADB) reckons the construction biz in Asia Pacific will grow by 6.5% each year between 2021 and 2025 – way faster than the global average of 3.5%. All that fast urbanization, growing populations, and thriving economies in places like China, India, and Southeast Asia are really kicking things into high gear.

According to the International Energy Agency (IEA), energy demand for space cooling in the Asia Pacific is predicted to triple by 2040 opening up a significant market opportunity for ductless systems. The region’s hot and humid climate along with increased disposable incomes is fueling the need for air conditioning systems. Ductless systems with their energy efficiency and capacity to deliver both heating and cooling are well suited to fulfill this rising need. Furthermore, government programs supporting energy-efficient buildings and sustainable development are fueling the industry.

Competitive Landscape

The ductless heating and cooling systems market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the ductless heating and cooling systems market include

  • Honeywell International, Inc.
  • LG Electronics South
  • Daikin Industries
  • Johnson Controls
  • Carrier
  • Trane Technologies plc
  • Mitsubishi Electric Corporation
  • Nortek Air Management
  • Samsung Electronics
  • FUJITSU
  • GREE
  • Hitachi
  • MiUea
  • Panasonic
  • Haier Smart Home
  • Whirlpool
  • Electrolux
  • Lennox

Latest Developments

  • In December 2022, Trane Home (Trane) and American Standard Heating & Air Conditioning (American Standard) announced the national rollout of Link, a communication system designed to simplify the installation, commissioning, and remote monitoring of variable speed HVAC systems. After a regional rollout in spring 2022, independent Trane and American Standard dealers can now sell and install Link across the country.
  • In January 2023, Goettl Air Conditioning & Plumbing, a provider of residential HVAC and plumbing services in the Southwest, announced the acquisition of Nevada Heating, Cooling, Plumbing, and Fireplace in Reno, Nevada, as part of its ongoing acquisitional growth strategy.

Report Scope

Report AttributesDetails
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Daikin Industries, Mitsubishi Electric Corporation, LG Electronics, Carrier, Trane Technologies plc, Johnson Controls, Gree Electric Appliances Inc, Panasonic Corporation, Samsung Electronics, Hitachi Ltd

Segments Covered

By Type, By Application, By Technology, and By Geography

Customization scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Ductless Heating and Cooling Systems Market, By Category

Type

  • Split Systems
  • Multi-split Systems
  • Variable Refrigerant Flow (VRF) Systems

Application

  • Residential
  • Commercial
  • Industrial
  • Institutional

Technology

  • Inverter Technology
  • Smart Systems

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

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