The Ductless Heating And Cooling Systems Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Ductless Heating And Cooling Systems Market?
The market size of the ductless heating and cooling systems has been showing a significant increase in recent years. From 2024 to 2025, the market is projected to expand from $85.64 billion to $93.75 billion, with a compound annual growth rate (CAGR) of 9.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Ductless Heating And Cooling Systems Industry?
By 2029, the ductless heating and cooling systems market is projected to reach $135.4 billion. This represents a compound annual growth rate (CAGR) of 9.6%.
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What are the Key Growth Drivers Fueling the Ductless Heating And Cooling Systems Market?
The key drivers in the ductless heating and cooling systems market are:
• The need for energy-efficient buildings and green building certifications/standards
• Development of sustainable materials and increasing demand for passive houses and zero-energy building designs
• Urbanization and population growth
• Emergence of smart and Wifi-enabled systems, eco-friendly refrigerants, inverter technology, and advanced heat pump technology.
Global Market Segmentation: Identifying Major Ductless Heating And Cooling Systems Industry Segments
The ductless heating and cooling systems market covered in this report is segmented –
1) By Type: Cooling Only Split System, Heat Pump, Chilled Water System, Window Air Conditioners
2) By Application: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Ductless Heating And Cooling Systems Market?
The key trends in the modular construction market are:
• The incorporation of smart and Wi-Fi-enabled systems is an emerging trend in the market.
• Sustainability and the use of eco-friendly refrigerants are shaping the future of the market.
• The increasing use of inverter technology is a significant developing trend.
• There is growing interest in ductless mini-split systems and heat pump technology.
Who Are the Top Competitors & Leading Players in the Ductless Heating And Cooling Systems Market?
Major companies in the ductless heating and cooling systems market are:
• 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.
• Cooper&Hunter International Corporation
• YMGI Group
Regional Dominance: Which Area Leads the Global Ductless Heating And Cooling Systems Market?
Asia-Pacific was the largest region in the ductless heating and cooling system market in 2024
