1. Home
  2. > Construction
  3. > Building Products
  4. > Smart Home Market Trends
Ductless Heating And Cooling Systems Global Market Report 2022

Ductless Heating And Cooling Systems Global Market Report 2022

  • September 2022
  • 175 pages
  • ID: 6320098
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the ductless heating and cooling systems market are Daikin Industries Ltd, Fujitsu General Ltd, Hitachi Ltd, LG Electronics Corp, Johnson Controls International, Carrier Global Corporation, Whirlpool Corporation, Mitsubishi Electric Corporation, Samsung Electronics Co Ltd, Trane Technologies plc, Trane Technologies plc, Electrolux AG, Ingersoll-Rand plc, Emerson Electric Co, Honeywell International Inc, Lennox International Inc, A.O Smith Water Products Company B.V, Nortek Air Solutions, LLC and Haier Smart Home.

The global ductless heating and cooling system market is expected to grow from $67.70 billion in 2021 to $73.22 billion in 2022 at a compound annual growth rate (CAGR) of 8.16%. The ductless heating and cooling system market is expected to reach $106.43 billion in 2026 at a compound annual growth rate (CAGR) of 9.80%.

The ductless heating and cooling system market consists of sales of ductless heating and cooling systems by entities (organizations, sole traders, and partnerships) that are used to control air temperature, resulting in better airflow and more comfortable temperatures.These systems are less expensive than installing central heating and air conditioning with no existing ducts and are handier than single-room heaters and window air conditioners.

It offers varied control, energy savings, and improved air quality, enabling it to increase the efficiency and comfort of indoor environments.

The main types of ductless heating and cooling systems are cooling only split system, heat pump, chilled water system and window air conditioners.The cooling only split system are an HVAC system that includes indoor and outdoor units linked by copper tubing.

Split systems have a heat pump or air conditioner installed outside the home and a gas furnace or a fan coil inside. These ductless heating and cooling systems are commonly used in residential, commercial and industrial areas.

Asia-Pacific was the largest region in the ductless heating and cooling system market in 2021. The regions covered in the ductless heating and cooling system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The ductless heating and cooling systems market research report is one of a series of new reports that provides ductless heating and cooling systems market statistics, including ductless heating and cooling systems industry global market size, regional shares, competitors with a ductless heating and cooling systems market share, detailed ductless heating and cooling systems market segments, market trends and opportunities, and any further data you may need to thrive in the ductless heating and cooling systems industry. This ductless heating and cooling systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing number of smart homes is expected to significantly contribute to the growth of the ductless heating and cooling systems market.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 to save 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 system market.

Technological innovation is a key trend gaining popularity in the ductless heating and cooling systems market.Major companies operating in the ductless heating and cooling systems market are focused on providing technologically-advanced devices to strengthen their market position.

These companies are implementing next-generation technologies into their devices and framework, such as automation, Internet of Things, advanced control algorithms, inverter-driven compressors, intelligent valves, and others to provide independent humidity and temperature control while eliminating the need for environmentally hazardous refrigerants.For instance, in March 2021, Carrier, a US-based home appliance company introduced new ductless heating and cooling products that are fully communicative to provide versatility and energy efficiency.

These ductless heating and cooling systems include a wireless remote controller, an optional cable remote controller, a 24V interface, and a Wi-Fi kit.

In June 2021, Carrier Global, a US-based home appliances corporation, acquired Guangdong Giwee Group and its subsidiaries, including Guangdong Chigo Heating & Ventilation Equipment Co. Ltd., for an undisclosed amount. With this acquisition, Carrier will access the fast-increasing variable refrigerant flow (VRF) and light commercial markets. Guangdong Giwee Group is a China-based heating, ventilation, and air conditioning manufacturer.

The countries covered in the ductless heating and cooling system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on