Market Overview:
The global ductless mini splits market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling and heating solutions. Additionally, the growing awareness about the benefits of using ductless mini splits is also contributing to the growth of this market. The global ductless mini splits market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into below 10000 BTU, 10000-30000 BTU, and above 30000 BTU segments. On the basis of application, it can be classified into household applications, commercial applications,, and other applications segments. Geographically speaking,, North America is anticipated to leadthe globalductless mini splitsmarket duringthe forecast period owingto high adoption ratesof these systems in residential as well as commercial buildings in this region.
Product Definition:
A ductless mini split is a type of air conditioner that doesn't require ductwork to cool or heat a room. These systems are growing in popularity because they're energy efficient and can be installed in a variety of ways.
Below 10000 BTU:
Below 10000 BTU is the range of air conditioners and heat pumps that are designed to provide cooling below 10,000 Btu/hr (SI) at a typical room temperature of 70 degrees F with an annual energy consumption not exceeding 90 kWh. The product segment has been growing in North America owing to the increased consumer awareness regarding energy conservation coupled with stringent government regulations for reducing carbon emission.
10000-30000 BTU:
The BTU (Btu is a unit to measure heat energy) 10000-30000 BTU range is used for ductless mini-splits. It measures the amount of heat that can be produced by a unit of mass and area, which is approximately equivalent to 0.29 joules or 3 watt hours. The higher the number, the greater is the energy output and efficiency of an air conditioner; thus it helps in cooling better as compared to lower numbers.
Application Insights:
The commercial application segment dominated the global ductless mini splits market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to an increase in demand for high efficiency cooling and heating solutions across various end-use industries such as data centers, offices, educational institutes and hospitals. In addition, growing construction activities within commercial spaces including malls and shopping complexes are expected to drive product demand over the forecast period.
Household application is projected to witness significant growth during the forecast period owing to increasing awareness about energy conservation among consumers regarding switching from air conditioning mode to heat mode when it rains or temperatures drop below freezing point. This will result in a substantial shift towards ductless mini splits systems by 2030 globally as compared with 2016 where system adoption was around 40%.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to increasing awareness regarding energy conservation and reduction of greenhouse emissions, coupled with government initiatives for promoting renewable energy sources such as solar panels and wind turbines. Mini splits are an eco-friendly alternative to conventional air conditioning systems owing to their ability to consume minimal power while maintaining temperature control in a room. North America has witnessed increased adoption of mini splits due to growing concerns over rising electricity rates, high cost of utility bills, and environmental pollution caused by refrigerants used in conventional air conditioning systems.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly cooling and heating systems
- Rising popularity of ductless mini splits among homeowners owing to their flexibility in design and installation
- Growing awareness about the benefits of ductless mini splits over traditional HVAC systems
- Proliferation of internet of things (IoT) and smart home technologies that are driving the demand for connected cooling and heating systems
- Rising disposable income levels in developing countries that are fuelling the growth of the luxury housing market
Scope Of The Report
Report Attributes
Report Details
Report Title
Ductless Mini Splits Market Research Report
By Type
Below 10000 BTU, 10000-30000 BTU, Above 30000 BTU
By Application
Household, Commercial, Other
By Companies
GREE, Haier, Midea, Hisense, Chigo, Pridiom, Panasonic, Century, Ramsond, DuctlessAire, Amvent, Celiera
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ductless Mini Splits Market Report Segments:
The global Ductless Mini Splits market is segmented on the basis of:
Types
Below 10000 BTU, 10000-30000 BTU, Above 30000 BTU
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GREE
- Haier
- Midea
- Hisense
- Chigo
- Pridiom
- Panasonic
- Century
- Ramsond
- DuctlessAire
- Amvent
- Celiera
Highlights of The Ductless Mini Splits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 10000 BTU
- 10000-30000 BTU
- Above 30000 BTU
- By Application:
- Household
- Commercial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ductless Mini Splits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ductless mini splits are a type of air conditioning unit that uses a small duct to distribute the cooled air. This system is often less expensive than traditional AC units and can be installed in smaller spaces.
Some of the major companies in the ductless mini splits market are GREE, Haier, Midea, Hisense, Chigo, Pridiom, Panasonic, Century, Ramsond, DuctlessAire, Amvent, Celiera.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ductless Mini Splits Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ductless Mini Splits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ductless Mini Splits Market - Supply Chain
4.5. Global Ductless Mini Splits Market Forecast
4.5.1. Ductless Mini Splits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ductless Mini Splits Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ductless Mini Splits Market Absolute $ Opportunity
5. Global Ductless Mini Splits Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ductless Mini Splits Market Size and Volume Forecast by Type
5.3.1. Below 10000 BTU
5.3.2. 10000-30000 BTU
5.3.3. Above 30000 BTU
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ductless Mini Splits Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ductless Mini Splits Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ductless Mini Splits Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ductless Mini Splits Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ductless Mini Splits Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ductless Mini Splits Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ductless Mini Splits Demand Share Forecast, 2019-2026
9. North America Ductless Mini Splits Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ductless Mini Splits Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ductless Mini Splits Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ductless Mini Splits Market Size and Volume Forecast by Type
9.7.1. Below 10000 BTU
9.7.2. 10000-30000 BTU
9.7.3. Above 30000 BTU
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ductless Mini Splits Demand Share Forecast, 2019-2026
10. Latin America Ductless Mini Splits Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ductless Mini Splits Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ductless Mini Splits Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ductless Mini Splits Market Size and Volume Forecast by Type
10.7.1. Below 10000 BTU
10.7.2. 10000-30000 BTU
10.7.3. Above 30000 BTU
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ductless Mini Splits Demand Share Forecast, 2019-2026
11. Europe Ductless Mini Splits Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ductless Mini Splits Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ductless Mini Splits Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ductless Mini Splits Market Size and Volume Forecast by Type
11.7.1. Below 10000 BTU
11.7.2. 10000-30000 BTU
11.7.3. Above 30000 BTU
11.8. Basis Point Share (BPS) Analysis by Type
1.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ductless Mini Splits Demand Share, 2019-2026
12. Asia Pacific Ductless Mini Splits Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ductless Mini Splits Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ductless Mini Splits Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ductless Mini Splits Market Size and Volume Forecast by Type
12.7.1. Below 10000 BTU
12.7.2. 10000-30000 BTU
12.7.3. Above 30000 BTU
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ductless Mini Splits Demand Share, 2019-2026
13. Middle East & Africa Ductless Mini Splits Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ductless Mini Splits Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ductless Mini Splits Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ductless Mini Splits Market Size and Volume Forecast by Type
13.7.1. Below 10000 BTU
13.7.2. 10000-30000 BTU
13.7.3. Above 30000 BTU
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ductless Mini Splits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ductless Mini Splits Market: Market Share Analysis
14.2. Ductless Mini Splits Distributors and Customers
14.3. Ductless Mini Splits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GREE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Haier
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Midea
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hisense
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chigo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pridiom
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Century
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ramsond
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DuctlessAire
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Amvent
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Celiera
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
