Ductless Heating & Cooling Systems Market Outlook (2022-2032)
[309 Pages Report] The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.
Growth of the market is supported by the following factors:
Increasing demand for energy efficient and power saving heating and cooling equipment
Rising expenditure on public and private infrastructure projects, attributed to growing urbanization
The quest to reduce energy costs is also prompting end use industries to opt for ductless heating & cooling systems
Demand is expected to remain robust in residential infrastructure, especially in regions with a temperate climate
Due to the enforcement of stringent lockdowns and curbs on public gatherings, demand for ductless heating and cooling systems surged manifold throughout the duration of the COVID-19 pandemic. Mandatory stay-at-home directives led to an increase in electricity consumption, which provided a major boost to the HVAC industry. This elevated demand has continued to prevail in the post-pandemic era.
Market Outlook:
Data Points
Market Insights
Ductless Heating & Cooling Systems Market Value 2021
USD 98 Billion
Ductless Heating & Cooling Systems Market Value 2026
USD 145 Billion
Ductless Heating & Cooling Systems Market Value 2032
USD 228 Billion
Ductless Heating & Cooling Systems Market Forecast CAGR 2022 to 2032
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Smart Homes to Pave Way for Ductless Heating & Cooling Systems Uptake
Ductless systems are used in smart homes for controlling air temperature, humidity, and fresh air intake. Moreover, the energy consumption level of a ductless system can be optimized to a large extent by utilizing various components such as smart thermostats, sensors, control valves, heating and cooling coils, dampers, actuators, pumps, and fans.
These smart devices save energy and control the working of ductless heating & cooling systems with the help of technologies such as wireless communication, Internet connectivity, handheld devices, and cloud computing.
For example, ENERGY STAR certified ductless mini split systems use 60% less energy for heating and 30% less energy for cooling as compared to conventional room air conditioners. The energy-saving is possible as more sophisticated compressors and fans are used that can adjust speed to save energy.
The continuous development in technology and rapid innovation in various devices has increased the interest of customers toward the use of ductless systems in smart homes. Hence, the market is expected to show considerable potential in the coming years.
North America to exhibit Credible Growth Potential
The presence of prominent HVAC equipment manufacturers and a transition towards sustainable and green building construction are some key factors that are expected to open opportunistic doors for the North American ductless heating & cooling systems market.
Over the last few years, demand for ductless heating and cooling systems has risen at a significant rate due to fluctuations in climatic conditions, changing lifestyles and rapid growth of the residential sector.
According to the most recent results from the 2020 Residential Energy Consumption Survey, 88% of U.S. households use air conditioning (AC). Two-thirds of U.S. households use central AC or a central heat pump as their main AC equipment. In 2020, the Midwest Census Region and South Census Region had the highest percentages of households using AC, at 92% and 93%, respectively.
The lowest percentage of households using AC was 73% in the West Census Region; this census region includes households in several climate areas, such as the marine climate region along the Pacific Coast, where residential AC use was 49%.
As the climatic conditions across the world continue to change drastically, demand for energy-efficient systems like ductless heating and cooling systems is set to rise at a healthy pace during the forthcoming years.
For instance, as per a report published by NASA, the Intergovernmental Panel on Climate Change (IPCC) has predicted a temperature rise of 2.5 to 10 degrees Fahrenheit over the next century. This will continue to generate growth opportunities in markets like cooling management system market, ductless heating & cooling systems market, and cooling systems market in the future.
Ductless heating and cooling systems are innovative energy systems used across various end-use verticals for maintaining temperature. These systems offer various advantages such as easy installation, lower operating expenses, greater efficiency, reduced carbon footprint and greater flexibility which makes them ideal alternatives to other heating and cooling solutions.
Demand for ductless heating and cooling systems is especially high in the residential sector where they are used to maintain a specific temperature. Rapid expansion of residential sector due to population explosion, changing lifestyle, and rising disposable income coupled with increasing consumer preference for energy efficient ductless heating and cooling systems will therefore continue to boost ductless heating and cooling systems market growth during the forecast period.
Similarly, emerging HVAC systems market trendssuch as rising demand for energy-efficient and sustainable heating and cooling technologies and the introduction of stringent government norms and regulations for reducing greenhouse gas emissions are expected to shape the growth of the ductless heating and cooling systems marketduring the forthcoming years.
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Sales Analysis of Ductless Heating & Cooling Systems From 2015 To 2021 Vs Market Outlook For 2022 To 2032
The global sales of ductless heating & cooling systems are slated to grow at a CAGR of 8% during the forecast period from 2022 and 2032.
Factors such as rising demand for energy-efficient heating and cooling systems in residential, commercial, and industrial verticals, incorporation of IoT in HVAC systems, growing investments in the residential sector across developing countries, rapid expansion of the air condition systems market, booming HVAC systems market, and increasing consumer awareness about the benefits of ductless systems are some of the major factors driving growth in the global ductless heating & cooling systems market.
Ductless heating and cooling systems have become suitable temperature management solutions used across residential buildings due to their various attractive features. These systems manage temperature, humidity, and fresh air intake in smart homes without consuming too much energy.They provide highly adaptable heating and cooling solutions for zones and enclosed areas.
Recent advancements in ductless heating and cooling technologies have paved the way for the development of smart ductless heating and cooling systems which are perfect for usage in smart homes. These HVAC systems are incorporated with Internet of things which enables access to real-time HVAC system performance data and accurately interprets it.
Rising consumer awareness about the benefits of these smart ductless systems will help HVAC systems manufacturers to increase their sales, thereby creating room for the expansion of ductless systems market and ductless heat pump market size.
Similarly, rising consumer preference for smart homes is projected to boost the sales of ductless heating and cooling systems like Lennox HVAC systems during the forecast period.
Additionally, development of ecofriendly refrigerant with low GWP, emerging trends in ductless heating and cooling systems in commercial and residential buildings, and increase in new energy efficient solutions will further boost the sales of ductless heating and cooling systems in the future.
Which Factors are Restraining the Growth of Ductless Heating & Cooling Systems Market?
Although ductless heating and cooling systems are gradually replacing traditional heating and cooling systems, various factors are challenging the market growth.
Some of these factors are the rising environmental concerns due to the massive upsurge in the adoption of ductless heating and cooling systems and a lack of understanding about the benefits of ductless heating and cooling systems across low economies.
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Country-Wise Insights
What Makes the U.S. a Promising Market for Ductless Heating & Cooling Systems?
“Rising Need for Energy-Efficient and Sustainable Buildings Encouraging Adoption Across the U.S”
The U.S. ductless heating & cooling systems market is forecast to grow at a healthy CAGR over the forecast period, owing to the flourishing HVAC systems market, heavy presence of HVAC systems manufacturers, growing trend of energy-efficient and sustainable buildings, and expansion of ductless heat pumps market size.
Over the last few years, demand for ductless heating and cooling systems has risen at a significant rate due to fluctuations in climatic conditions, changing lifestyles, and rapid growth of the residential sector. According to the U.S. Energy Information Administration (EIA), space heating and cooling accounts for more than half of all residential energy consumption.
Why is Demand for Ductless Heating and Cooling Rising Across China?
“Rapid Urbanization Creating Demand for Ductless Heating and Cooling Systems in China”
As per FMI, the ductless heating and cooling systems market is China is poised to grow at a relatively higher CAGR over the forecast period, owing to the expansion of residential and industrial sectors, surge in the sales of ductless heat pumps, growing consumer awareness about the recent HVAC systems market tends, and flourishing cooling system market.
Similarly, rising investments by government and private companies in building and construction will further create sales prospects for heating and coolingsystems across the country during the forecast period.
Category-Wise Insights
Which is the Top Selling Product Type in the market?
“Demand for Mini-Split Systems to Remain High in the Market”
As per FMI, mini-split system segment is likely to grow at a strong pace during the forecast period. This is attributed to the rising adoption of mini-split ductless heating and cooling systems in residential sector on account of their lower capacity and operating cost.It is estimated thatductless mini-split systems use 60% less energy to heat and 30% less energy to cool than standard room air conditioners.
Similarly, increasing investments in residential sector and expansion of the HVAC systems market across emerging economies will further assist the growth of this segment in the future.
Which is the Most Lucrative Application for Ductless Heating & Cooling Systems?
“Most of the Ductless Heating & Cooling Systems Sales to Remain Concentrated in Residential Sector”
Based on application, the residential building segment accounted for the largest revenue share of the global ductless heating & cooling systems market in 2021 and is forecast to grow at a considerable pace during the forecast period.
Booming residential sector worldwide, expansion of HVAC systems market, and rising adoption of energy ductless heating & cooling systems are some of the factors triggering the segment growth.
People throughout the world are showing a keen inclination towards reducing energy consumption in their homes for a sustainable future. According to the U.S. Energy Information Administration (EIA), energy consumed in the buildings sector (which includes residential and commercial end users) accounted for around 20.1% of the total delivered energy consumed worldwide. Thus, rising focus on minimizing energy consumption in the residential sector is likely to encourage the adoption of energy efficient ductless heating and cooling systems in the future.
However, with the robust expansion of the district cooling market and rapid industrialization across emerging economies, demand for ductless heating and cooling systems is expected to rise at a significant pace in commercial and industrial building segments during the assessment period.
Competitive Landscape
Key ductless heating & cooling manufactures include Hitachi Ltd, LG Electronics, Mitsubishi Electric Co, Daikin Industries Ltd, Trane Technology, Johnson Controls, Lennox International Inc., Nortex, and Whirlpool Corporation.
These leading players are increasingly focusing on introducing novel products with better features. Besides this, they have adopted various strategies such as mergers, partnerships, acquisitions, strengthening of distribution channels, and price reduction to gain a competitive edge in the market.
For instance,
In 2021, Carrier launched new fully communicative ductless heating and cooling products including the 40MAHB indoor unit and 38MARB outdoor unit.
In 2021, Durastar, a Ferguson heating and cooling brand launched a new line of mini-split systems on the Power Equipment Direct stores.
Scope of the Report
FMI’s latest analysis examines how drastic change in global temperature is creating space for the growth of ductless heating and cooling systems market. It provides comprehensive details on how market players are innovating to meet the end user demands.
The report is intended to enlighten customers with significant details about market drivers, restraints, prevailing trends, and emerging opportunities. It gives a comprehensive analysis of the overall market dynamics intended to enrich customer experience.
While North America and Europe remain at the epicenter of ductless heating and cooling systems market growth, the report highlights factors that will help Asia Pacific to take over the spotlight during the forecast period.
The study also highlights how growth in radiant heating and cooling systems marketis influencing sales prospects of ductless heating & cooling systems. Besides this, impact of flourishing residential and commercial sectors on ductless systems market is being discussed in a detailed manner.
The Ductless Heating & Cooling Systems Market Analysis Includes:
A 10-year realistic sales forecast for ductless heating & cooling systems across various end use verticals.
Comprehensive information on demand forecasting and sales prospects across 25 countries
Market dynamics including drivers, restraints, and emerging opportunities
Recent developments and advancements in ductless heating & cooling systems
Key insights into leading regional markets and product segments along with their respective shares, growth forecast and market potential.
Information about leading ductless heating & cooling systems manufacturers and their growth strategies that allow them to penetrate attractive markets
Pricing analysis
The winning imperatives in this market
Insights into ductless air conditioning market forecast.
Interrelationship between HVAC systems market and ductless heating & cooling systems market.
Attribute
Details
Forecast Period
2022 to 2032
Historic Data Available for
2015 to 2021
Market Analysis
USD Million for Value
Report Coverage
Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives
Key Segments Covered
Product Type
Application
Region
Key regions covered
North America
USA
Canada
Rest of North America
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Western Europe
Germany
UK
France
Rest of Western Europe
Eastern Europe
Russia
Spain
Rest of Eastern Europe
South Asia Pacific
China
India
Japan
Malaysia
Thailand
Indonesia
South Korea
Rest of South Asia & Pacific
Middle East & Africa
GCC Countries
Turkey
Israel
Rest of MEA
Rest of the World
Oceania
Africa
South America
Application
Residential Building
Commercial Building
Industrial Building
Key companies profiled
Hitachi Ltd, LG Electronics, Mitsubishi Electric Co, Daikin Industries Ltd, Trane Technology, Johnson Controls, Lennox International Inc., Nortex, and Whirlpool Corporation.
Customization & pricing
Available upon request
Ductless Heating & Cooling Systems Market - Key Segments
By Product Type:
Split System
Mini Split System
Multi Split System
VRF system
Window Air conditioning System
By Application:
Residential Building
Commercial Building
Industrial Building
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Frequently Asked Questions
How much is the global ductless heating & cooling systems market worth?
The global ductless heating and cooling systems market was valued at around US$ 98 Bn in 2021.
What is the projected value of the ductless heating & cooling systems market?
As per FMI, ductless heating & cooling systems market is likely to grow at 8% CAGR during the forecast period, totaling over US$ 228 Bn by 2032.
Which is the most lucrative region for ductless heating & cooling systems?
Asia Pacific accounts for the largest share of the global ductless heating & cooling systems market.
Which are some prominent players in the ductless heating & cooling systems market?
Eberspaecher, MAHLE, Calsonic Kansei, Hanon Systems, Keihin, Sanden, Mitsubishi, Valeo SA, and Subros Limited are some prominent players operating in the ductless heating & cooling systems market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Ductless Heating & Cooling Systems Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Ductless Heating & Cooling Systems Market (US$ Mn)
4.2. Ductless Heating & Cooling Systems Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Ductless Heating & Cooling Systems Market Growth
4.5.3. Ductless Heating & Cooling Systems Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Ductless Heating & Cooling Systems Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Ductless Heating & Cooling Systems Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Ductless Heating & Cooling Systems Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Type, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032
8.3.1. Split System
8.3.1.1. Mini Split System
8.3.1.2. Multi Split System
8.3.1.3. VRF System
8.3.2. Window Air Conditioning System
8.4. Market Attractiveness Analysis By Type
9. Global Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2022-2032
9.3.1. Residential Buildings
9.3.2. Commercial Buildings
9.3.3. Industrial Buildings
9.4. Market Attractiveness Analysis By Application
10. Global Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
11.4.1. By Country
11.4.1.1. U.S.
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Type
11.4.3. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Type
11.5.3. By Application
12. Latin America Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Mexico
12.4.1.3. Rest of Latin America
12.4.2. By Type
12.4.3. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Type
12.5.3. By Application
13. Europe Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. U.K.
13.4.1.4. Italy
13.4.1.5. Benelux
13.4.1.6. Nordic Countries
13.4.1.7. Rest of Europe
13.4.2. By Type
13.4.3. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Application
14. Asia Pacific Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Type
14.4.3. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Application
15. Middle East and Africa Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. GCC Countries
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Type
15.4.3. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Application
16. Key Countries Ductless Heating & Cooling Systems Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Ductless Heating & Cooling Systems Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.2.2.1. By Type
16.2.2.2. By Application
16.3. Canada Ductless Heating & Cooling Systems Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.3.2.1. By Type
16.3.2.2. By Application
16.4. Mexico Ductless Heating & Cooling Systems Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.4.2.1. By Type
16.4.2.2. By Application
16.5. Brazil Ductless Heating & Cooling Systems Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.5.2.1. By Type
16.5.2.2. By Application
16.6. Germany Ductless Heating & Cooling Systems Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.6.2.1. By Type
16.6.2.2. By Application
16.7. France Ductless Heating & Cooling Systems Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.7.2.1. By Type
16.7.2.2. By Application
16.8. Italy Ductless Heating & Cooling Systems Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.8.2.1. By Type
16.8.2.2. By Application
16.9. BENELUX Ductless Heating & Cooling Systems Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.9.2.1. By Type
16.9.2.2. By Application
16.10. UK Ductless Heating & Cooling Systems Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.10.2.1. By Type
16.10.2.2. By Application
16.11. Nordic Countries Ductless Heating & Cooling Systems Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.11.2.1. By Type
16.11.2.2. By Application
16.12. China Ductless Heating & Cooling Systems Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.12.2.1. By Type
16.12.2.2. By Application
16.13. Japan Ductless Heating & Cooling Systems Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.13.2.1. By Type
16.13.2.2. By Application
16.14. South Korea Ductless Heating & Cooling Systems Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.14.2.1. By Type
16.14.2.2. By Application
16.15. GCC Countries Ductless Heating & Cooling Systems Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.15.2.1. By Type
16.15.2.2. By Application
16.16. South Africa Ductless Heating & Cooling Systems Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.16.2.1. By Type
16.16.2.2. By Application
16.17. Turkey Ductless Heating & Cooling Systems Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032
16.17.2.1. By Type
16.17.2.2. By Application
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. SAMSUNG ELECTRONICS CO., LTD
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. HITACHI LTD.
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. LG ELECTRONICS
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. MITSUBISHI ELECTRIC CORPORATION
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. DAIKIN INDUSTRIES LTD
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. TRANE TECHNOLOGIES
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. JOHNSON CONTROLS
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. LENNOX INTERNATIONAL INC.
18.3.8.1. Overview
18.3.8.2. Product Portfolio
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. NORTEK
18.3.9.1. Overview
18.3.9.2. Product Portfolio
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
18.3.10. WHIRLPOOL CORPORATION
18.3.10.1. Overview
18.3.10.2. Product Portfolio
18.3.10.3. Sales Footprint
18.3.10.4. Strategy Overview
19. Assumptions and Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 2: Global Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 3: Global Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 4: Global Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 5: Global Ductless Heating & Cooling Systems Market, By Region, 2015 – 2021
Table 6: Global Ductless Heating & Cooling Systems Market, By Region, 2022 – 2032
Table 7: North America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 8: North America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 9: North America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 10: North America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 11: North America Ductless Heating & Cooling Systems Market, By Country, 2015 – 2021
Table 12: North America Ductless Heating & Cooling Systems Market, By Country, 2022 – 2032
Table 13: Latin America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 14: Latin America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 15: Latin America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 16: Latin America Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 17: Latin America Ductless Heating & Cooling Systems Market, By Country, 2015 – 2021
Table 18: Latin America Ductless Heating & Cooling Systems Market, By Country, 2022 – 2032
Table 19: Europe Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 20: Europe Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 21: Europe Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 22: Europe Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 23: Europe Ductless Heating & Cooling Systems Market, By Country, 2015 – 2021
Table 24: Europe Ductless Heating & Cooling Systems Market, By Country, 2022 – 2032
Table 25: Asia Pacific Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 26: Asia Pacific Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 27: Asia Pacific Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 28: Asia Pacific Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 29: Asia Pacific Ductless Heating & Cooling Systems Market, By Country, 2015 – 2021
Table 30: Asia Pacific Ductless Heating & Cooling Systems Market, By Country, 2022 – 2032
Table 31: MEA Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2015 – 2021
Table 32: MEA Ductless Heating & Cooling Systems Market Value (US$ Mn), By Type, 2022 – 2032
Table 33: MEA Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2015 – 2021
Table 34: MEA Ductless Heating & Cooling Systems Market Value (US$ Mn), By Application, 2022 – 2032
Table 35: MEA Ductless Heating & Cooling Systems Market, By Country, 2015 – 2021
Table 36: MEA Ductless Heating & Cooling Systems Market, By Country, 2022 – 2032
Table 37: Global Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 38: Global Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 39: Global Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Region, 2022 – 2032
Table 40: North America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 41: North America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 42: North America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 43: Latin America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 44: Latin America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 45: Latin America Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 46: Europe Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 47: Europe Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 48: Europe Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Country, 2022 - 2032
Table 49: Asia Pacific Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 50: Asia Pacific Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 51: Asia Pacific Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 52: MEA Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Type, 2015 - 2021
Table 53: MEA Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Application, 2022 – 2032
Table 54: MEA Ductless Heating & Cooling Systems Market Incremental $ Opportunity, By Country, 2022 - 2032
Find your sweet spots for generating winning opportunities in this market.
List of Charts
Figure 1: Global Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 2: Global Ductless Heating & Cooling Systems Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 3: Global Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 4: Global Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 5: Global Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 6: Global Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 7: Global Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 8: Global Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 9: Global Ductless Heating & Cooling Systems Market Share, By Region, 2022 & 2032
Figure 10: Global Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 11: Global Ductless Heating & Cooling Systems Market Attractiveness Index, By Region – 2022-2032
Figure 12: North America Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 13: North America Ductless Heating & Cooling Systems Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 14: North America Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 15: North America Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 16: North America Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 17: North America Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 18: North America Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 19: North America Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 20: North America Ductless Heating & Cooling Systems Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 22: North America Market Attractiveness Index, By Country – 2022-2032
Figure 23: Latin America Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 24: Latin America Ductless Heating & Cooling Systems Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 25: Latin America Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 26: Latin America Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 27: Latin America Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 28: Latin America Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 29: Latin America Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 30: Latin America Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 31: Latin America Ductless Heating & Cooling Systems Market Share, By Country, 2022 & 2032
Figure 32: Latin America Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 33: Latin America Ductless Heating & Cooling Systems Market Attractiveness Index, By Country – 2022-2032
Figure 34: Europe Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 35: Europe Ductless Heating & Cooling Systems Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 36: Europe Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 37: Europe Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 38: Europe Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 39: Europe Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 40: Europe Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 41: Europe Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 42: Europe Ductless Heating & Cooling Systems Market Share, By Country, 2022 & 2032
Figure 43: Europe Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 44: Europe Ductless Heating & Cooling Systems Market Attractiveness Index, By Country – 2022-2032
Figure 45: MEA Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 46: MEA Ductless Heating & Cooling Systems Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 47: MEA Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 48: MEA Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 49: MEA Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 50: MEA Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 51: MEA Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 52: MEA Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 53: MEA Ductless Heating & Cooling Systems Market Share, By Country, 2022 & 2032
Figure 54: MEA Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 55: MEA Ductless Heating & Cooling Systems Market Attractiveness Index, By Country – 2022-2032
Figure 56: Asia Pacific Ductless Heating & Cooling Systems Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 57: Asia Pacific Ductless Heating & Cooling Systems Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 58: Asia Pacific Ductless Heating & Cooling Systems Market Share, By Type, 2022 & 2032
Figure 59: Asia Pacific Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 60: Asia Pacific Ductless Heating & Cooling Systems Market Attractiveness Index, By Type – 2022-2032
Figure 61: Asia Pacific Ductless Heating & Cooling Systems Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 63: Asia Pacific Ductless Heating & Cooling Systems Market Attractiveness Index, By Application – 2022-2032
Figure 64: Asia Pacific Ductless Heating & Cooling Systems Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Ductless Heating & Cooling Systems Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 66: Asia Pacific Ductless Heating & Cooling Systems Market Attractiveness Index, By Country – 2022-2032
Figure 67: US Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 68: US Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 69: US Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 70: Canada Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 71: Canada Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 72: Canada Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 73: Brazil Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 74: Brazil Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 75: Brazil Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 76: Mexico Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 77: Mexico Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 78: Mexico Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 79: Germany Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 80: Germany Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 81: Germany Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 82: U.K. Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 83: U.K. Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 84: U.K. Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 85: France Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 86: France Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 87: France Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 88: Italy Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 89: Italy Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 90: Italy Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 91: BENELUX Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 92: BENELUX Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 93: BENELUX Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 94: Nordic Countries Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 95: Nordic Countries Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 96: Nordic Countries Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 97: China Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 98: China Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 99: China Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 100: Japan Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 101: Japan Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 102: Japan Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 103: South Korea Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 104: South Korea Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 105: South Korea Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 106: GCC Countries Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 107: GCC Countries Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 108: GCC Countries Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 109: South Africa Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 110: South Africa Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 111: South Africa Ductless Heating & Cooling Systems Market Share, By Application, 2021
Figure 112: Turkey Ductless Heating & Cooling Systems Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 113: Turkey Ductless Heating & Cooling Systems Market Share, By Type, 2021
Figure 114: Turkey Ductless Heating & Cooling Systems Market Share, By Application, 2021
