Global Ductless Hvac System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Equipment Type;

Heating, Cooling, and Ventilation.

By Application;

Commercial, Residential, and Industrial.

By Implementation Type;

New Construction and Retrofit.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn131160285 Published Date: May, 2024 Updated Date: April, 2025

Introduction

Global Ductless Hvac System Market (USD Million), 2020 - 2030

In the year 2023, the Global Ductless Hvac System Market was valued at USD 8,575.16 million. The size of this market is expected to increase to USD 14,887.88 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The Global Ductless HVAC System Market encompasses a diverse range of heating, ventilation, and air conditioning (HVAC) solutions that do not require traditional ductwork for air distribution. Also known as ductless mini-split systems or ductless heat pumps, these systems have gained prominence for their flexibility, energy efficiency, and ease of installation compared to traditional ducted HVAC systems. Ductless HVAC systems consist of compact indoor units mounted on walls or ceilings, connected to outdoor units via refrigerant lines. They offer zoning capabilities, allowing different rooms or zones to be cooled or heated independently, which enhances personalized comfort control and energy savings.

One of the key advantages of ductless HVAC systems is their suitability for both new construction and retrofit applications where installing ductwork is impractical or costly. This versatility has contributed to their popularity in residential, commercial, and industrial sectors globally. In residential settings, ductless systems provide an efficient solution for cooling or heating individual rooms or areas, offering homeowners flexibility in managing comfort levels while reducing energy consumption. In commercial and industrial buildings, ductless HVAC systems are favored for their ability to provide targeted climate control in offices, retail spaces, server rooms, and other areas where precise temperature regulation is critical.

The global market for ductless HVAC systems is driven by increasing consumer awareness of energy efficiency, rising demand for sustainable building solutions, and advancements in HVAC technology. Manufacturers are continually innovating to improve system efficiency, integrate smart technologies for remote monitoring and control, and expand product offerings to meet diverse consumer needs. As the market continues to evolve, ductless HVAC systems are expected to play a significant role in shaping the future of building climate control solutions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Equipment Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Implementation Type
    4. Market Snapshot, By Region
  4. Global Ductless Hvac System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency and Lower Operating Costs
        2. Flexibility in Installation and Zoning Capabilities
        3. Growing Demand in Residential and Commercial Sectors
      2. Restraints
        1. Initial Cost and Higher Installation Expenses
        2. Limited Capacity for Larger Spaces
        3. Competition from Ducted HVAC Systems
      3. Opportunities
        1. Technological Advancements and Smart HVAC Integration
        2. Expansion in Emerging Markets
        3. Retrofitting and Renovation Projects
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Ductless Hvac System Market, By Equipment Type , 2020 - 2030 (USD Million)
      1. Heating
      2. Cooling
      3. Ventilation
    2. Global Ductless Hvac System Market, By Application, 2020 - 2030 (USD Million)
      1. Commercial
      2. Residential
      3. Industrial
    3. Global Ductless Hvac System Market,By Implementation Type, 2020 - 2030 (USD Million)
      1. New Construction
      2. Retrofit
    4. Global Ductless Hvac System Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Daikin Industries, Ltd.
      2. Mitsubishi Electric Corporation
      3. LG Electronics Inc.
      4. Fujitsu General Limited
      5. Panasonic Corporation
      6. Carrier Global Corporation
      7. Johnson Controls International plc
      8. Samsung Electronics Co., Ltd.
      9. Gree Electric Appliances Inc. of Zhuhai
      10. Trane Technologies plc
  7. Analyst Views
  8. Future Outlook of the Market