This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Ductless Heating And Cooling Systems industry.
How has the ductless heating and cooling systems market size changed in recent years, and what is the outlook ahead?
The ductless heating and cooling systems market size has grown strongly in recent years. It will grow from $85.64 billion in 2024 to $93.75 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to energy efficiency regulations, increasing awareness of environmental sustainability and energy conservation, increased construction industry, fluctuating energy prices, and government incentives.
The ductless heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $135.4 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to climate change mitigation efforts andThe need for energy-efficient buildings, adoption of green building certifications and standards, research and development sustainable materials, increasing demand for passive house and zero-energy building designs, and urbanization and population growth. Major trends in the forecast period include smart and wi-fi-enabled systems, sustainability and eco-friendly refrigerants, inverter technology, ductless mini-split systems, and heat pump technology.
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What are the top economic and technological drivers pushing ductless heating and cooling systems market growth?
The growing number of smart homes is expected to propel the growth of the ductless heating and cooling systems market going forward. Smart homes give customers more control over home energy consumption by automating tasks such as regulating temperature, turning on/off lights, opening, and shutting window treatments, and adjusting watering based on weather. These facilities ensure electricity and reduce power and water bills. For instance, according to a survey by Oberlo, a Lithuania-based software development company, in 2022, nearly 57.4 million households in the US are currently using smart home devices, which is a 6.7% increase from 2021 where the number was 53.8 million households using smart home devices. Therefore, the growing number of smart homes will drive the ductless heating and cooling systems market during forecast period.
How is the ductless heating and cooling systems market segmented by product, application, and end-user?
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
Subsegments:
1) By Cooling Only Split System: Mini-Split Cooling Systems, Multi-Split Cooling Systems
2) By Heat Pump: Ductless Mini-Split Heat Pumps, Ductless Multi-Split Heat Pumps, Ground Source Heat Pumps
3) By Chilled Water System: Chilled Water Fan Coil Units, Chilled Water Terminal Units
4) By Window Air Conditioners: Standard Window Units, Energy-Efficient Window Units, Smart Window Air Conditioners
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Which major trends are influencing the growth of the ductless heating and cooling systems industry?
Major companies operating in the Ductless Heating and Cooling Systems market are focusing on developing innovative solutions, such as ductless heat pump systems, to enhance energy efficiency and provide flexible climate control options for residential and commercial spaces. Ductless heat pump systems refer to energy-efficient heating and cooling solutions that consist of an outdoor unit and one or more indoor units, providing flexible climate control without the need for ductwork, enabling zoned temperature management, and improving indoor air quality. For instance, in May 2024, Quilt, a US-based technology-driven HVAC company, launched an innovative ductless heat pump system designed for modern home climate control, featuring customizable indoor units with sleek designs and smart technology. The system utilizes millimeter-wave radar sensors for occupancy detection, allowing for efficient room-by-room temperature management via a smartphone app or a dedicated remote. With impressive energy efficiency ratings (SEER2 25 and HSPF2 12) and the ability to operate effectively in extreme temperatures, the Quilt heat pump is priced at $6,499 per room, including installation.
Which leading companies are dominating the ductless heating and cooling systems market landscape?
Major companies operating in the ductless heating and cooling systems market include 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., LG HVAC, Senville, Air-Con International Inc., Cooper&Hunter International Corporation, YMGI Group
Which geographic areas are expected to offer the highest growth opportunities in theductless heating and cooling systems market?
Asia-Pacific was the largest region in the ductless heating and cooling system market in 2024. The regions covered in the ductless heating and cooling systems market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Can Companies Use The Ductless Heating And Cooling Systems Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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