Market Overview:
The global ductless heating & cooling systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly heating and cooling systems, especially in residential buildings. Additionally, the growing awareness about the benefits of using ductless heating & cooling systems is also contributing to the growth of this market. The split system segment is expected to account for a major share of the global ductless heating & cooling systems market during the forecast period. This segment is projected to grow at a CAGR of 7% from 2018 to 2030 due to its high efficiency and low installation cost as compared with other types of ductless heating & cooling systems.
Product Definition:
A ductless heating and cooling system is a type of split system air conditioner that doesn't require ductwork to distribute cooled or heated air throughout a building. Instead, individual units are mounted on the walls or ceilings of specific rooms.
1) Increased energy efficiency - Ductless heating and cooling systems are much more efficient than traditional central HVAC systems because they don't lose energy through leaks in the ductwork.
2) Flexibility - Ductless heating and cooling systems can be used to cool or heat any number of rooms in a building, making them perfect for homes or businesses with multiple zones.
3) Lower installation costs - Because no ductwork is required, installation costs for a ductless heating and cooling system are often lower than for traditional HVAC systems.
Split Systems:
The global split systems market size was valued at USD 7.8 billion in 2016 and is expected to grow at a CAGR of XX% by 2022, owing to the increasing demand for ductless heating & cooling equipment globally. The growing need for HVAC systems in residential and commercial applications has led to an increase in sales of split systems over the past few years; this trend is expected to continue over the forecast period as well.
Window Air Conditioner Systems:
The window air conditioner systems are used in ductless heating and cooling systems. The system comprises of a compressor, an outdoor unit, a indoor unit and an electric cord with attached controls. It is installed at the windowsill by means of brackets provided with the product. The working principle behind this equipment is based on shifting of heat from one place to another instead of using conventional methods like direct contact or indirect contact through walls etc., which consumes more energy and increases the temperature difference between rooms.
Application Insights:
The demand for Ductless Heat Pump System is expected to grow at a CAGR of XX% from 2018 to 2030 owing to its ability to provide heat in cold weather and save energy. The residential buildings segment accounted for the largest market share in 2017 and is projected to continue leading over the forecast period. This can be attributed primarily on account of rising disposable income, which has resulted in an increase in demand for multi-family housing structures across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Ductless heating & cooling systems are widely used across commercial buildings as it provides cost-effective solutions with high efficiency levels that resultantly reduce operating costs by approximately 15%. These systems are highly efficient as they use a combination of air conditioning along with heating techniques such as convection heat transfer fluidized bed combustion air heater etc., thereby reducing electricity consumption by more than 25%.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to increasing awareness regarding DCH systems, high purchasing power of consumers, and availability of a well-established infrastructure for installation of such systems. Furthermore, presence of key manufacturers in this region is also contributing toward growth by offering various advanced products.
Asia Pacific regional market is anticipated to witness significant growth over the forecast period due to rapid urbanization and industrialization taking place in emerging economies including China and India. In addition, government initiatives encouraging adoption of energy-efficient heating & cooling equipment are likely to contribute toward increased sales volume over the next eight years or so.
Growth Factors:
- Increasing demand for energy-efficient heating and cooling systems
- Rising awareness about the benefits of ductless heating and cooling systems
- Growing popularity of mini split systems among consumers
- Proliferation of internet-of-things (IoT) in the residential sector
- Technological advancements in ductless heating and cooling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Ductless Heating & Cooling Systems Market Research Report
By Type
Split Systems, Window Air Conditioner Systems
By Application
Residential Buildings, Commercial Buildings, Industrial Buildings
By Companies
AAON Heating and Cooling Products, ABB, Emerson Climate Technologies, Daikin Industries, United Technologies, Mitsubishi Electric, Hitachi, AAON Heating and Cooling Products
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Ductless Heating & Cooling Systems Market Report Segments:
The global Ductless Heating & Cooling Systems market is segmented on the basis of:
Types
Split Systems, Window Air Conditioner Systems
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
Residential Buildings, Commercial Buildings, Industrial Buildings
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:
- AAON Heating and Cooling Products
- ABB
- Emerson Climate Technologies
- Daikin Industries
- United Technologies
- Mitsubishi Electric
- Hitachi
- AAON Heating and Cooling Products
Highlights of The Ductless Heating & Cooling Systems 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:
- Split Systems
- Window Air Conditioner Systems
- By Application:
- Residential Buildings
- Commercial Buildings
- Industrial Buildings
- 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 Heating & Cooling Systems 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 heating and cooling systems are a newer technology that uses indoor air ducts to distribute heat or cool air. The system is installed in the home, typically in the attic, and connects to an outdoor unit.
Some of the major companies in the ductless heating & cooling systems market are AAON Heating and Cooling Products, ABB, Emerson Climate Technologies, Daikin Industries, United Technologies, Mitsubishi Electric, Hitachi, AAON Heating and Cooling Products.
The ductless heating & cooling systems 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 Heating & Cooling Systems 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 Heating & Cooling Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ductless Heating & Cooling Systems 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 Heating & Cooling Systems 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 Heating & Cooling Systems Market Size & Forecast, 2020-2028
4.5.1 Ductless Heating & Cooling Systems Market Size and Y-o-Y Growth
4.5.2 Ductless Heating & Cooling Systems Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Split Systems
5.2.2 Window Air Conditioner Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Residential Buildings
6.2.2 Commercial Buildings
6.2.3 Industrial Buildings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ductless Heating & Cooling Systems 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 Heating & Cooling Systems 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Split Systems
9.6.2 Window Air Conditioner Systems
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 Market Size Forecast by Applications
9.10.1 Residential Buildings
9.10.2 Commercial Buildings
9.10.3 Industrial Buildings
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Split Systems
10.6.2 Window Air Conditioner Systems
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 Market Size Forecast by Applications
10.10.1 Residential Buildings
10.10.2 Commercial Buildings
10.10.3 Industrial Buildings
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Split Systems
11.6.2 Window Air Conditioner Systems
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 Market Size Forecast by Applications
11.10.1 Residential Buildings
11.10.2 Commercial Buildings
11.10.3 Industrial Buildings
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Split Systems
12.6.2 Window Air Conditioner Systems
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 Market Size Forecast by Applications
12.10.1 Residential Buildings
12.10.2 Commercial Buildings
12.10.3 Industrial Buildings
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Split Systems
13.6.2 Window Air Conditioner Systems
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) Market Size Forecast by Applications
13.10.1 Residential Buildings
13.10.2 Commercial Buildings
13.10.3 Industrial Buildings
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 Heating & Cooling Systems Market: Competitive Dashboard
14.2 Global Ductless Heating & Cooling Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AAON Heating and Cooling Products
14.3.2 ABB
14.3.3 Emerson Climate Technologies
14.3.4 Daikin Industries
14.3.5 United Technologies
14.3.6 Mitsubishi Electric
14.3.7 Hitachi
14.3.8 AAON Heating and Cooling Products
