Global Ductless Heating & Cooling Systems Market Size, Share, Growth Analysis Report - Forecast 2034

Global Ductless Heating & Cooling Systems Market: Industry Perspective

The global ductless heating & cooling systems market size was worth around USD 77.29 Billion in 2024 and is predicted to grow to around USD 121.18 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.6% between 2025 and 2034. The report analyzes the global ductless heating & cooling systems market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ductless heating & cooling systems industry.

The report analyzes the global ductless heating & cooling systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ductless heating & cooling systems industry.

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Global Ductless Heating & Cooling Systems Market: Overview

Ductless systems can effectively heat and cool any room where they are installed due to the skill of a variable speed inverter compressor. Heat pumps and small split units, which are efficient ventilation and heating systems, are other names for ductless systems. These devices are robust, cost-effective, and energy-efficient. As reciprocal heat pumps, ductless heating and cooling systems transfer heat from the outside to the inside of a building. A refrigerant is used to expand or compress this air. The split systems use a refrigerant haze compression cycle, which is similar to an all-purpose refrigerator cycle. They use a refrigerant (cooling) cycle to collect heat from the outside air and disperse cooler air inside the area. The heating cycle is an example of this contradiction.

Global Ductless Heating & Cooling Systems Market: Growth Drivers

An increasing number of smart homes drives the market growth

The market for ductless heating and cooling systems is anticipated to grow considerably as a result of the rising number of smart homes. By automating processes like temperature control, light on/off, window treatment opening and closing, and weather-based watering adjustments, smart homes offer homeowners more control over their energy usage. These facilities guarantee energy conservation and lower water and power costs. For instance, a survey by the software development firm Oberlo in Lithuania found that in 2022, approximately 57.4 million US households were using smart home devices, a 6.7% increase from 2021 when 53.8 million households were using smart home devices. The market for ductless heating and cooling systems will therefore be driven by the rising number of smart homes.

Ductless Heating & Cooling Systems Market: Restraints

Increasing environmental issue impedes the market growth

More air pollutants will be generated while air conditioners are in use due to increased sales of the appliances. Global warming is brought on by the gases hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs) that are emitted by air conditioners. Due to the growing demand for ductless heating and cooling systems, and freezers, it is essential to create heat-conveying devices that are both energy-efficient and have a minimal environmental impact. R-32 can reduce energy consumption by 10% when compared to air conditioners that use R-22 as the refrigerant. As a result, it is predicted that ductless system prices will rise overall, and the creation of eco-friendly refrigerators will put pressure on ductless system manufacturers.

Ductless Heating & Cooling Systems Market: Opportunities

Technological advancements offer an attractive opportunity

A key trend that is getting traction in the global ductless heating and cooling systems market is technological innovation. To improve their market position, the major players in the ductless heating and cooling systems industry concentrate on offering technologically cutting-edge products. To provide independent humidity and temperature control without using potentially harmful refrigerants, these businesses are integrating next-generation technologies into their products and framework, such as automation, the Internet of Things, sophisticated control algorithms, inverter-driven compressors, intelligent valves, and others. For instance, the US-based home appliance manufacturer Carrier debuted new ductless heating and cooling products in March 2021 that are completely communicative to offer versatility and efficiency. These ductless heating and cooling systems come with a Wi-Fi package, a 24V interface, a wireless remote controller, and an optional cable remote controller.

Ductless Heating & Cooling Systems Market: Challenges

The high cost of installation poses a major challenge

The high expense of installation is one of the main factors limiting the ductless heating and cooling systems market. HVAC systems without ducts typically demand a larger initial investment than conventional systems. This is because extra hardware, such as an indoor air handler and outdoor condensing unit, is required, in addition to expert installation.

Key Insights

• As per the analysis shared by our research analyst, the global ductless heating & cooling systems market is estimated to grow annually at a CAGR of around 4.6% over the forecast period (2025-2034).
• Regarding revenue, the global ductless heating & cooling systems market size was valued at around USD 77.29 Billion in 2024 and is projected to reach USD 121.18 Billion by 2034.
• The ductless heating & cooling systems market is projected to grow at a significant rate due to Demand for energy-efficient HVAC solutions and retrofitting in existing buildings drive growth. Government incentives for eco-friendly systems also support expansion.
• Based on Product Type, the Split Systems segment is expected to lead the global market.
• On the basis of Technology, the Inverter segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Residential segment is projected to swipe the largest market share.
• By Distribution Channel, the Online segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

Global Ductless Heating & Cooling Systems Market: Report Scope

Ductless Heating & Cooling Systems Market: Segmentation Analysis

The global ductless heating & cooling systems market is segmented based on Product Type, Technology, Application, Distribution Channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2025 to 2034.

Based on Product Type, the global ductless heating & cooling systems market is divided into Split Systems, Window Air Conditioners, Portable Air Conditioners, Hybrid Systems.

On the basis of Technology, the global ductless heating & cooling systems market is bifurcated into Inverter, Non-inverter.

By Application, the global ductless heating & cooling systems market is split into Residential, Commercial, Industrial.

In terms of Distribution Channel, the global ductless heating & cooling systems market is categorized into Online, Offline (Retail, Distributors, Direct Sales).

The Regional, this segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America,and the Middle East and Africa.

Global Ductless Heating & Cooling Systems Market: Regional Analysis

The Asia Pacific is expected to grow at the fastest CAGR during the projected period

The Asia Pacific is expected to dominate the global ductless heating & cooling systems market during the forecast period. The growth in the region is attributed to rapid industrialization and the increasing construction industry, especially in the countries like India and China. For instance, According to the India Brand Equity Foundation (IBEF), India plans to spend USD 1.4 trillion in infrastructure over the next five years through its "National Infrastructure Pipeline." Inflows of FDI totaled USD 81.72 billion in FY21, 13% of which came from activities involving infrastructure. As of August 22, 2022, the Pradhan Mantri Awas Yojna plan has sanctioned 122.69 lakh houses, laid the foundation for 103.01 lakh homes, and completed 62.21 lakh homes. Thus, the growing construction industry in the region is expected to drive market growth.

The biggest portion of the revenue came from North America. The region is growing as a result of its highly developed value chain, the rising popularity of energy-efficient buildings, and the expansion of ductless heat pumps over the forecast period. The market demand for ductless heating and cooling systems has increased significantly over the past few years as a result of changing lifestyles, shifting climatic conditions, and the rapid growth of the domestic sector. The U.S. Energy Information Administration estimates that space heating and cooling use up more than half of all home energy usage.

Global Ductless Heating & Cooling Systems Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the ductless heating & cooling systems market on a global and regional basis.

The global ductless heating & cooling systems market is dominated by players like:

• Honeywell International Inc.
• LG Electronics South
• Daikin Industries
• Johnson Controls
• Carrier
• Trane Technologies plc
• Mitsubishi Electric Corporation
• Nortek Air Management
• Samsung Electronics
• FUJITSU
• GREE
• Hitachi
• MiUea
• Panasonic
• Haier Smart Home
• Whirlpool
• Electrolux
• Lennox among others.

Global Ductless Heating & Cooling Systems Market: Segmentation Analysis

The global ductless heating & cooling systems market is segmented as follows;

By Product Type

• Split Systems
• Window Air Conditioners
• Portable Air Conditioners
• Hybrid Systems

By Technology

• Inverter
• Non-inverter

By Application

• Residential
• Commercial
• Industrial

By Distribution Channel

• Online
• Offline (Retail
• Distributors
• Direct Sales)

Global Ductless Heating & Cooling Systems Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America