Market Overview:
The global ductless air conditioners market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions, rising disposable income, and growing awareness about ductless air conditioners. The global ductless air conditioners market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single zone and multi zone. Single zone systems are more popular among consumers as they are less expensive than multi zone systems and cover a smaller area. On the basis of application, the market is segmented into commercial and residential segments. Commercial applications include offices, hospitals, retail stores etc., while residential applications include homes, apartments etc.
Product Definition:
A ductless air conditioner is a type of split system air conditioner that does not require ductwork to distribute cooled and dehumidified air throughout a home. Ductless systems are popular in homes where adding traditional ductwork is not feasible or desired, such as in multi-level homes, additions, or older homes with limited space.
Single Zone:
Single zone AC is a portable air conditioner that can be used without an external power source. It has a single cooling fan and compressor unit which works on electricity and hence the product is called as ductless. The product finds its application in small sized rooms having less than 200 square feet area. Single zone ACs are compact in size, have low noise levels, consume low energy and also have quick start feature that helps them to start instantly with no waiting period.
Multi Zone:
Multi zone is a feature that allows the user to change the temperature and/or setting for different rooms in a single unit. It also helps in saving energy as it can shift the load from one room to another depending upon its usage. The ductless air conditioners have certain zones that are pre-defined and can be changed with just a touch of a button according to its utility.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing construction activities in commercial spaces, such as offices and shops, across various regions including Asia Pacific and Middle East & Africa. Ductless air conditioners are increasingly being adopted by hospitals, educational institutions, hotels and restaurants for their convenience as they require minimal installation or maintenance work.
The home application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising adoption of energy-efficient products coupled with government initiatives promoting green buildings across developed economies including Germany, U.K., France and Italy among others in Europe region.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to high consumer awareness and spending on home improvement projects. Europe accounted for over 20% of the global revenue share in 2017, which can be attributed to rising product penetration and growing demand for energy-efficient products. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due primarily cooling units manufactured by LG Electronics, Panasonic Corporation, Samsung Group Company., Hitachi Ltd., Mitsubishi Electric Corporation among others.
The Chinese manufacturers have been making efficient products at low prices resulting into a significant share of Japanese brands losing their market shares especially when it comes rising competition from Chinese brands such as Sanyo Electric Co., Ltd.
Growth Factors:
- Increasing demand for energy-efficient cooling solutions: The global ductless air conditioners market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy-efficient cooling solutions, especially in developing countries.
- Rising disposable income and changing lifestyle trends: Another key factor driving the growth of this market is the rising disposable income and changing lifestyle trends, which has led to an increase in demand for premium HVAC products such as ductless air conditioners.
- Technological advancements: The advent of new technologies such as inverter technology has helped reduce power consumption by up to 30%. This is expected to boost the adoption of ductless air conditioners in both developed and developing countries alike.
- Growing awareness about benefits of using ductless ACs: There is a growing awareness among consumers about the benefits offered by using ductless ACs, such as improved indoor air quality, flexibility, cost savings etc., which is helping fuel its growth across regions worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ductless Air Conditioners Market Research Report
By Type
Single Zone, Multi Zone
By Application
Commercial, Home
By Companies
GREE, Ramsond, MRCOOL, Panasonic, Bosch, Haier, Carrier, Trane, Lennox, Napoleon
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Ductless Air Conditioners Market Report Segments:
The global Ductless Air Conditioners market is segmented on the basis of:
Types
Single Zone, Multi Zone
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
Commercial, Home
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
- Ramsond
- MRCOOL
- Panasonic
- Bosch
- Haier
- Carrier
- Trane
- Lennox
- Napoleon
Highlights of The Ductless Air Conditioners 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:
- Single Zone
- Multi Zone
- By Application:
- Commercial
- Home
- 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 Air Conditioners 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 air conditioners are a newer type of air conditioning that use less energy than traditional AC units. They work by circulating the air through ducts instead of using fans to move the air. This can save you money on your energy bill, and they're also more environmentally friendly because they don't require any external power sources.
Some of the major companies in the ductless air conditioners market are GREE, Ramsond, MRCOOL, Panasonic, Bosch, Haier, Carrier, Trane, Lennox, Napoleon.
The ductless air conditioners market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ductless Air Conditioners Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Ductless Air Conditioners Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ductless Air Conditioners Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Ductless Air Conditioners Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Ductless Air Conditioners Market Size & Forecast, 2018-2028 4.5.1 Ductless Air Conditioners Market Size and Y-o-Y Growth 4.5.2 Ductless Air Conditioners Market Absolute $ Opportunity
Chapter 5 Global Ductless Air Conditioners Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ductless Air Conditioners Market Size Forecast by Type
5.2.1 Single Zone
5.2.2 Multi Zone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ductless Air Conditioners Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ductless Air Conditioners Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ductless Air Conditioners Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ductless Air Conditioners Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ductless Air Conditioners Analysis and Forecast
9.1 Introduction
9.2 North America Ductless Air Conditioners Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ductless Air Conditioners Market Size Forecast by Type
9.6.1 Single Zone
9.6.2 Multi Zone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ductless Air Conditioners Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Home
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ductless Air Conditioners Analysis and Forecast
10.1 Introduction
10.2 Europe Ductless Air Conditioners Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ductless Air Conditioners Market Size Forecast by Type
10.6.1 Single Zone
10.6.2 Multi Zone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ductless Air Conditioners Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Home
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ductless Air Conditioners Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ductless Air Conditioners Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ductless Air Conditioners Market Size Forecast by Type
11.6.1 Single Zone
11.6.2 Multi Zone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ductless Air Conditioners Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Home
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ductless Air Conditioners Analysis and Forecast
12.1 Introduction
12.2 Latin America Ductless Air Conditioners Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ductless Air Conditioners Market Size Forecast by Type
12.6.1 Single Zone
12.6.2 Multi Zone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ductless Air Conditioners Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Home
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ductless Air Conditioners Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ductless Air Conditioners Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ductless Air Conditioners Market Size Forecast by Type
13.6.1 Single Zone
13.6.2 Multi Zone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ductless Air Conditioners Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Home
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ductless Air Conditioners Market: Competitive Dashboard
14.2 Global Ductless Air Conditioners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GREE
14.3.2 Ramsond
14.3.3 MRCOOL
14.3.4 Panasonic
14.3.5 Bosch
14.3.6 Haier
14.3.7 Carrier
14.3.8 Trane
14.3.9 Lennox
14.3.10 Napoleon