Ductless Heating & Cooling Systems Market Size, Share, Trends, Growth 2030
Ductless Heating & Cooling Systems Market By Type (Split System and Window Air Conditioning System), By Application (Residential Buildings, Commercial Buildings, and Industrial Buildings), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Semiconductor & Electronics Report Format : PDF
Pages: 195 Report Code: ZMR-2223
Published Date: Apr-2023 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 98.4 Billion | USD 205.1 Billion | 8.5% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Ductless Heating & Cooling Systems Market, (2023 - 2030) (USD Billion)
- 2.2 Global Ductless Heating & Cooling Systems Market : snapshot
- Chapter 3. Global Ductless Heating & Cooling Systems Market - Industry Analysis
- 3.1 Ductless Heating & Cooling Systems Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 An increasing number of smart homes drives the market growth
- 3.3 Market Restraints
- 3.3.1. Increasing environmental issue impedes the market growth
- 3.4 Market Opportunities
- 3.4.1. Technological advancements offer an attractive opportunity
- 3.5 Market Challenges
- 3.5.1. The high cost of installation poses a major challenge
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Ductless Heating & Cooling Systems Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Ductless Heating & Cooling Systems Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Ductless Heating & Cooling Systems Market - Type Analysis
- 5.1 Global Ductless Heating & Cooling Systems Market overview: By Type
- 5.1.1 Global Ductless Heating & Cooling Systems Market share, By Type, 2022 and 2030
- 5.2 Split System
- 5.2.1 Global Ductless Heating & Cooling Systems Market by Split System, 2023 - 2030 (USD Billion)
- 5.3 Mini Split System
- 5.3.1 Global Ductless Heating & Cooling Systems Market by Mini Split System, 2023 - 2030 (USD Billion)
- 5.4 Multi Split System
- 5.4.1 Global Ductless Heating & Cooling Systems Market by Multi Split System, 2023 - 2030 (USD Billion)
- 5.5 VRF System
- 5.5.1 Global Ductless Heating & Cooling Systems Market by VRF System, 2023 - 2030 (USD Billion)
- 5.6 Window Air Conditioning System
- 5.6.1 Global Ductless Heating & Cooling Systems Market by Window Air Conditioning System, 2023 - 2030 (USD Billion)
- 5.1 Global Ductless Heating & Cooling Systems Market overview: By Type
- Chapter 6. Global Ductless Heating & Cooling Systems Market - Application Analysis
- 6.1 Global Ductless Heating & Cooling Systems Market overview: By Application
- 6.1.1 Global Ductless Heating & Cooling Systems Market share, By Application, 2022 and 2030
- 6.2 Residential Buildings
- 6.2.1 Global Ductless Heating & Cooling Systems Market by Residential Buildings, 2023 - 2030 (USD Billion)
- 6.3 Commercial Buildings
- 6.3.1 Global Ductless Heating & Cooling Systems Market by Commercial Buildings, 2023 - 2030 (USD Billion)
- 6.4 Industrial Buildings
- 6.4.1 Global Ductless Heating & Cooling Systems Market by Industrial Buildings, 2023 - 2030 (USD Billion)
- 6.1 Global Ductless Heating & Cooling Systems Market overview: By Application
- Chapter 7. Ductless Heating & Cooling Systems Market - Regional Analysis
- 7.1 Global Ductless Heating & Cooling Systems Market Regional Overview
- 7.2 Global Ductless Heating & Cooling Systems Market Share, by Region, 2022 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.3.1.1 North America Ductless Heating & Cooling Systems Market, by Country, 2023 - 2030 (USD Billion)
- 7.3.1 North America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4 North America Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030
- 7.4.1 North America Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030 (USD Billion)
- 7.5 North America Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030
- 7.5.1 North America Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030 (USD Billion)
- 7.4. Europe
- 7.4.2 Europe Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4.2.1 Europe Ductless Heating & Cooling Systems Market, by Country, 2023 - 2030 (USD Billion)
- 7.4.2 Europe Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4 Europe Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030
- 7.4.1 Europe Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030 (USD Billion)
- 7.5 Europe Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030
- 7.5.1 Europe Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030 (USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.5.3.1 Asia Pacific Ductless Heating & Cooling Systems Market, by Country, 2023 - 2030 (USD Billion)
- 7.5.3 Asia Pacific Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4 Asia Pacific Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030
- 7.4.1 Asia Pacific Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030 (USD Billion)
- 7.5 Asia Pacific Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030
- 7.5.1 Asia Pacific Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030 (USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.6.4.1 Latin America Ductless Heating & Cooling Systems Market, by Country, 2023 - 2030 (USD Billion)
- 7.6.4 Latin America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4 Latin America Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030
- 7.4.1 Latin America Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030 (USD Billion)
- 7.5 Latin America Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030
- 7.5.1 Latin America Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030 (USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Ductless Heating & Cooling Systems Market, by Country, 2023 - 2030 (USD Billion)
- 7.7.5 The Middle-East and Africa Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 7.4 The Middle-East and Africa Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030
- 7.4.1 The Middle-East and Africa Ductless Heating & Cooling Systems Market, by Type, 2023 - 2030 (USD Billion)
- 7.5 The Middle-East and Africa Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030
- 7.5.1 The Middle-East and Africa Ductless Heating & Cooling Systems Market, by Application, 2023 - 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Honeywell International Inc.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 LG Electronics South
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Daikin Industries
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Johnson Controls
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Carrier
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Trane Technologies plc
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Mitsubishi Electric Corporation
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Nortek Air Management
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Samsung Electronics
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 FUJITSU
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 GREE
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Hitachi
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 MiUea
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Panasonic
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Haier Smart Home
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Whirlpool
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Electrolux
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Lennox
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.1 Honeywell International Inc.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Ductless Heating & Cooling Systems Market attractiveness, By Type
- 6. Global Ductless Heating & Cooling Systems Market attractiveness, By Application
- 7. Global Ductless Heating & Cooling Systems Market share by Type, 2023 and 2030 (USD Billion)
- 8. Global Ductless Heating & Cooling Systems Market by Split System, 2023 - 2030 (USD Billion)
- 9. Global Ductless Heating & Cooling Systems Market by Mini Split System, 2023 - 2030 (USD Billion)
- 10. Global Ductless Heating & Cooling Systems Market by Multi Split System, 2023 - 2030 (USD Billion)
- 11. Global Ductless Heating & Cooling Systems Market by VRF System, 2023 - 2030 (USD Billion)
- 12. Global Ductless Heating & Cooling Systems Market by Window Air Conditioning System, 2023 - 2030 (USD Billion)
- 13. Global Ductless Heating & Cooling Systems Market share by Application, 2023 and 2030 (USD Billion)
- 14. Global Ductless Heating & Cooling Systems Market by Residential Buildings, 2023 - 2030 (USD Billion)
- 15. Global Ductless Heating & Cooling Systems Market by Commercial Buildings, 2023 - 2030 (USD Billion)
- 16. Global Ductless Heating & Cooling Systems Market by Industrial Buildings, 2023 - 2030 (USD Billion)
- 17. Global Ductless Heating & Cooling Systems Market share, by Region, 2023 and 2030
- 18. North America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 19. Europe Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 20. Asia Pacific Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 21. Latin America Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
- 22. The Middle-East and Africa Ductless Heating & Cooling Systems Market, 2023 - 2030 (USD Billion)
Table Of Tables
- 1. Global Ductless Heating & Cooling Systems Market: Snapshot
- 2. Drivers of the Ductless Heating & Cooling Systems Market: impact analysis
- 3. North America Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 4. North America Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 5. U.S. Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 6. U.S. Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 7. Canada Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 8. Canada Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 9. Europe Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 10. Europe Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 11. Germany Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 12. Germany Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 13. France Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 14. France Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 15. U.K. Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 16. U.K. Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 17. Italy Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 18. Italy Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 19. Spain Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 20. Spain Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 21. Rest of Europe Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 22. Rest of Europe Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 23. Asia Pacific Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 24. Asia Pacific Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 25. China Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 26. China Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 27. Japan Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 28. Japan Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 29. India Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 30. India Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 31. South Korea Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 32. South Korea Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 33. South-East Asia Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 34. South-East Asia Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 35. Rest of Asia Pacific Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 36. Rest of Asia Pacific Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 37. Latin America Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 38. Latin America Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 39. Brazil Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 40. Brazil Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 41. Mexico Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 42. Mexico Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 43. Rest of Latin America Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 44. Rest of Latin America Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 45. The Middle-East and Africa Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 46. The Middle-East and Africa Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 47. GCC Countries Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 48. GCC Countries Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 49. South Africa Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 50. South Africa Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
- 51. Rest of Middle-East Africa Ductless Heating & Cooling Systems Market revenue, By Type, 2023 - 2030 (USD Billion)
- 52. Rest of Middle-East Africa Ductless Heating & Cooling Systems Market revenue, By Application, 2023 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
In most cases, ductless heating and cooling systems use two-way heat pumps to move heat from the interior to outdoor air. With the help of a refrigerant, this air can be made wider or narrower. The refrigerant vapor compression cycle is what the use of the ductless system is, similar to a normal white goods cycle. They use a refrigerant (cooling) cycle to absorb heat from the outside air and circulate cooler air inside the home. With the heating cycle, the opposite is true. To effectively heat and chill any home, ductless systems use mechanical device technology with variable-speed electrical converters. Heat pumps and mini-split units, which are cost-effective heating and cooling systems, are terms used to describe cooling systems. These devices are reliable, secure, economical, and energy-efficient.
Throughout the forecast period, the ductless heating and cooling systems market will be driven by the rapid expansion of the residential sector brought on by population growth, changing lifestyles, and rising incomes, as well as growing consumer demand for these systems.
According to the report, the global market size was worth around USD 98.4 billion in 2022 and is predicted to grow to around USD 205.1 billion by 2030.
The global ductless heating & cooling systems market is expected to grow at a CAGR of 8.5% during the forecast period.
The global ductless heating & cooling systems market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to rapid industrialization and the growing construction industry.
The global ductless heating & cooling systems market is dominated by players like 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 among others.
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List of Contents
Ductless Heating Cooling Systems Industry Prospective:Ductless Heating Cooling Systems OverviewKey InsightsDuctless Heating Cooling Systems Growth DriversDuctless Heating Cooling Systems RestraintsDuctless Heating Cooling Systems OpportunitiesDuctless Heating Cooling Systems ChallengesDuctless Heating Cooling Systems SegmentationRecent Developments:Ductless Heating Cooling Systems Report ScopeDuctless Heating Cooling Systems Regional AnalysisDuctless Heating Cooling Systems Competitive AnalysisThe global ductless heating cooling systems market is segmented as follows:
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