Ductless HVAC System Market -Global Industry Analysis and Forecast (2024-2030)

Ductless HVAC System Market size is expected to reach nearly US$ 16.93 Bn. by 2030 with the CAGR of 8.18% during the forecast period. Ductless HVAC is easy to install and consume low energy as such systems do not require duct for cooling process. This is estimated to drive the ductless HVAC system market during the forecast period. Ductless split systems also offer targeted cooling and heating comfort when conventional HVAC equipment is too costly to install. This system continues to gain importance during the forecast period owing to its various features like multiple heating and cooling stages and variable fan speeds. Furthermore, increasing environmental temperature and rising disposable income is projected to trigger the demand for ductless HVAC system. High initial cost of installment and negative effect on environment restrain the growth of ductless HVAC system market. The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.Ductless HVAC System Market-1To know about the Research Methodology :- Request Free Sample Report The split system is the widely used type of ductless HVAC system. The split system allows the operator to control the temperature of individual zones according to need, giving the user the flexibility of operation and savings in operating cost. These advantage of split system helps to increase the global ductless HVAC market. The major advantage of the split system is the low noise level of the system. In the split system, compressor and fan are kept in the outdoor unit so as to reduce the indoor noise level. Residential buildings include all kinds of residential structures like houses, town houses, cottages, condominiums, and apartments. In residential buildings, ductless HVAC systems are used for heating and cooling indoor air. Ductless systems use less energy as compared to ducted systems and are easy to install in residential buildings, and these factors drive the market for ductless HVAC systems in the residential building segment. The air conditioning capacity offered by the ductless HVAC systems is the added advantage for this application segment. Faster-growing construction markets in the Asia-Pacific region and other emerging economies are the result of rising populations, rapid urbanization and strong economic growth. Mini split ductless HVAC systems are the most commonly used type in residential buildings as of their lower capacity and lower operating cost required in residential buildings. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, End User and region and, project the global market size. Global report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Ductless HVAC System market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.

Scope of the Global Ductless HVAC System Market: Inquire before buying

Global Ductless HVAC System Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 9.76  Bn.
Forecast Period 2024 to 2030 CAGR: 8.18% Market Size in 2030: US $ 16.93 Bn.
Segments Covered: by Type Split-System Heat Pump Chilled Water System Window Air Conditioners Others
by Application Residential Commercial Industrial
by Implementation Type New Construction Retrofit

Ductless HVAC System Market, By Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Ductless HVAC System Market Key Players are:

1. Whirlpool Corporation 2. Daikin Industries Ltd. 3. Hitachi Ltd. 4. LG Electronics 5. United Technologies Corporation 6. Johnson Controls 7. Electrolux 8. Samsung Electronics Co. Ltd. 9. Mitsubishi Electric Corporation 10.Trane Heating and Air Conditioning Services & Systems 11.Eberspaecher 12.MAHLE 13.Hanon Systems 14.Calsonic 15.Kansei 16.Keihin 17.Sanden 18.Valeo 19.Subros Auto Air-conditioning Systems 20.Denso Corporation 21.Hanon Systems 22.Calsonic Kansei Corporation

Frequently Asked questions

1. What is the market size of the Global Ductless HVAC System Market in 2023? Ans. The market size Global market in 2023 was US$ 9.76 Billion. 2. What are the different segments of the Global Ductless HVAC System Market? Ans. The Global market  is divided into Application and Type. 3. What is the study period of this market? Ans. The Global market will be studied from 2023 to 2030. 4. Which region is expected to hold the highest Global Ductless HVAC System Market share? Ans. The Asia Pacific dominates the market share in the  market. 5. What  is the Forecast Period of Global Ductless HVAC System Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
1. Ductless HVAC System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Ductless HVAC System Market: Dynamics 2.1. Ductless HVAC System Market Trends by Region 2.1.1. North America Ductless HVAC System Market Trends 2.1.2. Europe Ductless HVAC System Market Trends 2.1.3. Asia Pacific Ductless HVAC System Market Trends 2.1.4. Middle East and Africa Ductless HVAC System Market Trends 2.1.5. South America Ductless HVAC System Market Trends 2.2. Ductless HVAC System Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Ductless HVAC System Market Drivers 2.2.1.2. North America Ductless HVAC System Market Restraints 2.2.1.3. North America Ductless HVAC System Market Opportunities 2.2.1.4. North America Ductless HVAC System Market Challenges 2.2.2. Europe 2.2.2.1. Europe Ductless HVAC System Market Drivers 2.2.2.2. Europe Ductless HVAC System Market Restraints 2.2.2.3. Europe Ductless HVAC System Market Opportunities 2.2.2.4. Europe Ductless HVAC System Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Ductless HVAC System Market Drivers 2.2.3.2. Asia Pacific Ductless HVAC System Market Restraints 2.2.3.3. Asia Pacific Ductless HVAC System Market Opportunities 2.2.3.4. Asia Pacific Ductless HVAC System Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Ductless HVAC System Market Drivers 2.2.4.2. Middle East and Africa Ductless HVAC System Market Restraints 2.2.4.3. Middle East and Africa Ductless HVAC System Market Opportunities 2.2.4.4. Middle East and Africa Ductless HVAC System Market Challenges 2.2.5. South America 2.2.5.1. South America Ductless HVAC System Market Drivers 2.2.5.2. South America Ductless HVAC System Market Restraints 2.2.5.3. South America Ductless HVAC System Market Opportunities 2.2.5.4. South America Ductless HVAC System Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Ductless HVAC System Industry 2.8. Analysis of Government Schemes and Initiatives For Ductless HVAC System Industry 2.9. Ductless HVAC System Market Trade Analysis 2.10. The Global Pandemic Impact on Ductless HVAC System Market 3. Ductless HVAC System Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 3.1.1. Split-System 3.1.2. Heat Pump 3.1.3. Chilled Water System 3.1.4. Window Air Conditioners 3.1.5. Others 3.2. Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 3.2.1. Residential 3.2.2. Commercial 3.2.3. Industrial 3.3. Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 3.3.1. New Construction 3.3.2. Retrofit 3.4. Ductless HVAC System Market Size and Forecast, by Region (2023-2030) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Ductless HVAC System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 4.1.1. Split-System 4.1.2. Heat Pump 4.1.3. Chilled Water System 4.1.4. Window Air Conditioners 4.1.5. Others 4.2. North America Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 4.2.1. Residential 4.2.2. Commercial 4.2.3. Industrial 4.3. North America Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 4.3.1. New Construction 4.3.2. Retrofit 4.4. North America Ductless HVAC System Market Size and Forecast, by Country (2023-2030) 4.4.1. United States 4.4.1.1. United States Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 4.4.1.1.1. Split-System 4.4.1.1.2. Heat Pump 4.4.1.1.3. Chilled Water System 4.4.1.1.4. Window Air Conditioners 4.4.1.1.5. Others 4.4.1.2. United States Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 4.4.1.2.1. Residential 4.4.1.2.2. Commercial 4.4.1.2.3. Industrial 4.4.1.3. United States Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 4.4.1.3.1. New Construction 4.4.1.3.2. Retrofit 4.4.2. Canada 4.4.2.1. Canada Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 4.4.2.1.1. Split-System 4.4.2.1.2. Heat Pump 4.4.2.1.3. Chilled Water System 4.4.2.1.4. Window Air Conditioners 4.4.2.1.5. Others 4.4.2.2. Canada Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 4.4.2.2.1. Residential 4.4.2.2.2. Commercial 4.4.2.2.3. Industrial 4.4.2.3. Canada Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 4.4.2.3.1. New Construction 4.4.2.3.2. Retrofit 4.4.3. Mexico 4.4.3.1. Mexico Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 4.4.3.1.1. Split-System 4.4.3.1.2. Heat Pump 4.4.3.1.3. Chilled Water System 4.4.3.1.4. Window Air Conditioners 4.4.3.1.5. Others 4.4.3.2. Mexico Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 4.4.3.2.1. Residential 4.4.3.2.2. Commercial 4.4.3.2.3. Industrial 4.4.3.3. Mexico Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 4.4.3.3.1. New Construction 4.4.3.3.2. Retrofit 5. Europe Ductless HVAC System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.2. Europe Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.3. Europe Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 5.4. Europe Ductless HVAC System Market Size and Forecast, by Country (2023-2030) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.1.2. United Kingdom Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.1.3. United Kingdom Ductless HVAC System Market Size and Forecast, by Implementation Type(2023-2030) 5.4.2. France 5.4.2.1. France Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.2.2. France Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.2.3. France Ductless HVAC System Market Size and Forecast, by Implementation Type(2023-2030) 5.4.3. Germany 5.4.3.1. Germany Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.3.2. Germany Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.3.3. Germany Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 5.4.4. Italy 5.4.4.1. Italy Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.4.2. Italy Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.4.3. Italy Ductless HVAC System Market Size and Forecast, by Implementation Type(2023-2030) 5.4.5. Spain 5.4.5.1. Spain Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.5.2. Spain Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.5.3. Spain Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 5.4.6. Sweden 5.4.6.1. Sweden Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.6.2. Sweden Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.6.3. Sweden Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 5.4.7. Austria 5.4.7.1. Austria Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.7.2. Austria Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.7.3. Austria Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 5.4.8.2. Rest of Europe Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 5.4.8.3. Rest of Europe Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6. Asia Pacific Ductless HVAC System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4. Asia Pacific Ductless HVAC System Market Size and Forecast, by Country (2023-2030) 6.4.1. China 6.4.1.1. China Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.1.2. China Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.1.3. China Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.2. S Korea 6.4.2.1. S Korea Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.2.2. S Korea Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.2.3. S Korea Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.3. Japan 6.4.3.1. Japan Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.3.2. Japan Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.3.3. Japan Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.4. India 6.4.4.1. India Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.4.2. India Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.4.3. India Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.5. Australia 6.4.5.1. Australia Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.5.2. Australia Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.5.3. Australia Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.6. Indonesia 6.4.6.1. Indonesia Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.6.2. Indonesia Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.6.3. Indonesia Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.7. Malaysia 6.4.7.1. Malaysia Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.7.2. Malaysia Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.7.3. Malaysia Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.8. Vietnam 6.4.8.1. Vietnam Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.8.2. Vietnam Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.8.3. Vietnam Ductless HVAC System Market Size and Forecast, by Implementation Type(2023-2030) 6.4.9. Taiwan 6.4.9.1. Taiwan Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.9.2. Taiwan Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.9.3. Taiwan Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 6.4.10.2. Rest of Asia Pacific Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 6.4.10.3. Rest of Asia Pacific Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 7. Middle East and Africa Ductless HVAC System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 7.4. Middle East and Africa Ductless HVAC System Market Size and Forecast, by Country (2023-2030) 7.4.1. South Africa 7.4.1.1. South Africa Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 7.4.1.2. South Africa Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 7.4.1.3. South Africa Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 7.4.2. GCC 7.4.2.1. GCC Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 7.4.2.2. GCC Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 7.4.2.3. GCC Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 7.4.3. Nigeria 7.4.3.1. Nigeria Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Nigeria Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Nigeria Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Rest of ME&A Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Rest of ME&A Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 8. South America Ductless HVAC System Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 8.2. South America Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 8.3. South America Ductless HVAC System Market Size and Forecast, by Implementation Type(2023-2030) 8.4. South America Ductless HVAC System Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 8.4.1.2. Brazil Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 8.4.1.3. Brazil Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 8.4.2.2. Argentina Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 8.4.2.3. Argentina Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Ductless HVAC System Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Rest Of South America Ductless HVAC System Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Rest Of South America Ductless HVAC System Market Size and Forecast, by Implementation Type (2023-2030) 9. Global Ductless HVAC System Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Ductless HVAC System Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Whirlpool Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Daikin Industries Ltd. 10.3. Hitachi Ltd. 10.4. LG Electronics 10.5. United Technologies Corporation 10.6. Johnson Controls 10.7. Electrolux 10.8. Samsung Electronics Co. Ltd. 10.9. Mitsubishi Electric Corporation 10.10. Trane Heating and Air Conditioning Services & Systems 10.11. Eberspaecher 10.12. MAHLE 10.13. Hanon Systems 10.14. Calsonic 10.15. Kansei 10.16. Keihin 10.17. Sanden 10.18. Valeo 10.19. Subros Auto Air-conditioning Systems 10.20. Denso Corporation 10.21. Hanon Systems 10.22. Calsonic Kansei Corporation 11. Key Findings 12. Industry Recommendations 13. Ductless HVAC System Market: Research Methodology 14. Terms and Glossary
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