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Global Ductless HVAC System Market by Type (Cooling Only Split-System, Heat Pump, Chilled Water System, Window Air Conditioners, Others), By Application (Residential, Commercial, Industrial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ME-3511
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 63
  • No. Of Pages: 217
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  • Pub. Date: 2021-03-01
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The Global Ductless HVAC Systems Market size is projected to grow at a CAGR of 6.2% in terms of revenue over the forecast period, mainly due to increasing demand for energy-efficient products and the rising number of households globally. There are various types of ductless HVAC systems available in the market that include cooling-only split systems, heat pumps, chilled water systems, window air conditioners, and others. The demand for these products is expected to drive this market over the next few years.

 

 

Ductless HVAC systems are a type of alternative heating and cooling system that can be installed into homes or commercial buildings without requiring the installation of ducts. They are energy-efficient, quiet operation, no ductwork required. They are very versatile and can be used in place of conventional heating, ventilation, and air conditioning (HVAC) systems as well as ducted central units. Ductless HVACs provide multiple indoor fan speeds for optimum comfort level control, which makes them ideal to install into homes or offices that utilize humidity controls such as dehumidifiers or humidifiers at the same time. In addition, they also support intelligent climate control since most modern models come with Wi-Fi-enabled controllers that allow users to easily monitor their home’s energy efficiency from anywhere using smartphone applications.

Ductless HVAC systems are ideal for small-sized commercial buildings, warehouses, hospitals, or churches where it is not practical to install a ducted central unit. Not only do they come in high power ratings but also have the capability of cooling and heating large spaces without requiring any ductwork which makes them more economical than conventional units installed with air conditioning/heating coils inside walls or ceilings. Furthermore, these units can be used in conjunction with conventional forced hot water heaters when temperature control is required at several locations within the building. Ductless HVACs are versatile enough to handle both cold weather conditions as well as intense summer heat due to their ability to produce cool temperatures down to 55 degrees Fahrenheit (13 degrees Celsius). Their remote control features make them even more user-friendly and their ability to function with the least amount of noise makes them the most popular HVAC system.

 

 

On the basis of Type, the global ductless HVAC systems market is segmented into Ductless cooling only split system, Chilled water systems, Heat pump system, Window Air Conditioners.

 

 

Ductless Cooling Only Split System:

Ductless split systems are usually installed in homes where retrofitting of existing ductwork with central air conditioners has been deemed impractical or too expensive, such as old townhomes that were built before modern HVAC was available. Ductless split systems are also used in homes that have no ductwork, or where the existing ductwork is not adequate for a traditional central HVAC system. Ductless cooling only split-systems are very popular with homeowners because they are simple to install and do not require any installation of new ducting

 

 

Chilled Water Systems:

Chilled water systems are the most common type of Ductless HVAC system, as they can be installed in new or retrofit construction. Chilled water is piped into a building’s air handler and then distributed to supply registers throughout an area on defined loops, which include overhead pipes connected with insulated risers. A chiller, a large refrigeration unit that produces chilled water, is typically installed on the ground floor. Chilled water systems have been used in commercial buildings for many years and are considered ideal cooling solutions for warmer climates due to their capacity to remove humidity from air without using energy-intensive processes such as vapor-compression or desiccant wheel humidification.

 

 

Heat Pump System:

A heat pump system is an energy-efficient type of heating and cooling system. It works on the basic mechanism that it takes heat from one place to another, which maintains room temperature at a comfortable level without using too much electricity or natural gas. Heat pump systems can be used in residential and commercial applications for a comfortable indoor environment by controlling humidity levels. The system has greater energy efficiency when compared with other air conditioners as it operates during winter months also which makes them more efficient than gas heaters.

 

 

Window Air Conditioners:

Window air conditioners are a type of single-room air conditioning system which exclusively cools one room in the home. It is also known as a "window unit" or an “AC window unit" because it can be easily attached to a wall using screws, and then simply placed in the open window frame when needed for use. The most common types of AC units have from three to five cooling fans behind the front panel with controls that allow users to adjust temperature settings and fan speed. Some models may include additional features such as remote control operations, electric heating coils within the appliance’s interior, automatic timers, sleep modes, or even Wi-Fi connectivity capabilities.

 

 

On the basis of Application, the global ductless HVAC systems market is segmented into Residential sector, Commercial sector, Industrial sector.

 

 

Residential Sector:

Ductless HVAC systems are used in the residential sector of applications including home cooling, heating, and ventilation. They are also used for space conditioning where they cool or heat a building's interior spaces by transferring thermal energy between them and the outside air through convection, conduction, radiation, or evaporation. Ductless HVAC systems are installed in the Residential sector by connecting to the existing heating and cooling system. -For instance, if the home already has a ducted heating/cooling unit, then one can just add an outdoor condenser or evaporator coil to that one for central air conditioning.

 

 

Commercial Sector:

Ductless HVAC systems are used in the Commercial sector to regulate the temperature and humidity of large areas like convention halls, warehouses, and shopping malls. These systems increase business productivity by providing a comfortable environment for employees and customers respectively. They are also being used in the new construction projects of hotels, airports, and hospitals. Ductless HVAC systems are energy efficient as they provide better airflow throughout the building compared to traditional central air conditioning systems and thus control humidity effectively.

 

 

Industrial Sector:

Ductless HVAC systems are used in the industrial sector to provide comfort and conditions. Buildings that have a large number of employees, such as factories or warehouses come under this category. The system provides fresh air when needed by drawing it from outside the building through proper ventilation. It also filters out pollutants that may affect health if inhaled along with fresh air into buildings where workers spend long hours each day.

 

 

On the basis of Region, the global ductless HVAC systems market is segmented into North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, Japan, India & Others), and Middle East & Africa (GCC Countries, South Africa). North America region holds largest revenue share for ductless HVAC system market followed by Europe & Asia Pacific Region which are expected grow fast over next five years due to increasing demand among end-users especially office buildings owner will play an important role in driving the growth during forecast period also Latin American countries have good growth potential whereas the Middle East and Africa region has least revenue share for ductless HVAC system market.



Up Market Research published a new report titled “Ductless HVAC System Market research report which is segmented by Types (Cooling Only Split-System, Heat Pump, Chilled Water System, Window Air Conditioners, Others), By Applications (Residential, Commercial, Industrial), By Players/Companies Eberspaecher (Germany), MAHLE (Germany), Hanon Systems (Korea), Calsonic Kansei (Japan), Keihin (Japan), Sanden (Japan), Mitsubishi (Japan), Valeo (France), Subros (India)”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Ductless HVAC System Market Research Report
By Type Cooling Only Split-System, Heat Pump, Chilled Water System, Window Air Conditioners, Others
By Application Residential, Commercial, Industrial
By Companies Eberspaecher (Germany), MAHLE (Germany), Hanon Systems (Korea), Calsonic Kansei (Japan), Keihin (Japan), Sanden (Japan), Mitsubishi (Japan), Valeo (France), Subros (India)
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 217
Number of Tables & Figures 152
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Ductless HVAC System Industry Outlook
 

Global Ductless HVAC System Market Report Segments:

The market is segmented by Type Cooling Only Split-System, Heat Pump, Chilled Water System, Window Air Conditioners, Others and By Application Residential, Commercial, Industrial.

 

Some of the companies that are profiled in this report are:

  1. Eberspaecher (Germany)
  2. MAHLE (Germany)
  3. Hanon Systems (Korea)
  4. Calsonic Kansei (Japan)
  5. Keihin (Japan)
  6. Sanden (Japan)
  7. Mitsubishi (Japan)
  8. Valeo (France)
  9. Subros (India)
 

Ductless HVAC System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Ductless HVAC System Market
 

Overview of the regional outlook of the Ductless HVAC System Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Ductless HVAC System Market Overview
 

Highlights of The Ductless HVAC System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Ductless HVAC System Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Cooling Only Split-System

                2. Heat Pump

                3. Chilled Water System

                4. Window Air Conditioners

                5. Others

       7. By Application:

                1. Residential

                2. Commercial

                3. Industrial

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Ductless HVAC System 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 2028.

 

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

Ductless HVAC System Market Statistics
 

Reasons to Purchase the Ductless HVAC System Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ductless HVAC System 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 HVAC System Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Ductless HVAC System 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 HVAC System 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 HVAC System Market Size & Forecast, 2018-2028 
      4.5.1 Ductless HVAC System Market Size and Y-o-Y Growth 
      4.5.2 Ductless HVAC System Market Absolute $ Opportunity 


Chapter 5 Global Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Type
      5.2.1 Cooling Only Split-System
      5.2.2 Heat Pump
      5.2.3 Chilled Water System
      5.2.4 Window Air Conditioners
      5.2.5 Others
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Applications
      6.2.1 Residential
      6.2.2 Commercial
      6.2.3 Industrial
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Ductless HVAC System 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 HVAC System 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 Ductless HVAC System Analysis and Forecast
   9.1 Introduction
   9.2 North America Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Type
      9.6.1 Cooling Only Split-System
      9.6.2 Heat Pump
      9.6.3 Chilled Water System
      9.6.4 Window Air Conditioners
      9.6.5 Others
   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 Ductless HVAC System Market Size Forecast by Applications
      9.10.1 Residential
      9.10.2 Commercial
      9.10.3 Industrial
   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 Ductless HVAC System Analysis and Forecast
   10.1 Introduction
   10.2 Europe Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Type
      10.6.1 Cooling Only Split-System
      10.6.2 Heat Pump
      10.6.3 Chilled Water System
      10.6.4 Window Air Conditioners
      10.6.5 Others
   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 Ductless HVAC System Market Size Forecast by Applications
      10.10.1 Residential
      10.10.2 Commercial
      10.10.3 Industrial
   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 Ductless HVAC System Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Type
      11.6.1 Cooling Only Split-System
      11.6.2 Heat Pump
      11.6.3 Chilled Water System
      11.6.4 Window Air Conditioners
      11.6.5 Others
   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 Ductless HVAC System Market Size Forecast by Applications
      11.10.1 Residential
      11.10.2 Commercial
      11.10.3 Industrial
   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 Ductless HVAC System Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Ductless HVAC System 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 Ductless HVAC System Market Size Forecast by Type
      12.6.1 Cooling Only Split-System
      12.6.2 Heat Pump
      12.6.3 Chilled Water System
      12.6.4 Window Air Conditioners
      12.6.5 Others
   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 Ductless HVAC System Market Size Forecast by Applications
      12.10.1 Residential
      12.10.2 Commercial
      12.10.3 Industrial
   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) Ductless HVAC System Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Ductless HVAC System 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) Ductless HVAC System Market Size Forecast by Type
      13.6.1 Cooling Only Split-System
      13.6.2 Heat Pump
      13.6.3 Chilled Water System
      13.6.4 Window Air Conditioners
      13.6.5 Others
   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) Ductless HVAC System Market Size Forecast by Applications
      13.10.1 Residential
      13.10.2 Commercial
      13.10.3 Industrial
   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 HVAC System Market: Competitive Dashboard
   14.2 Global Ductless HVAC System Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Eberspaecher (Germany)
      14.3.2 MAHLE (Germany)
      14.3.3 Hanon Systems (Korea)
      14.3.4 Calsonic Kansei (Japan)
      14.3.5 Keihin (Japan)
      14.3.6 Sanden (Japan)
      14.3.7 Mitsubishi (Japan)
      14.3.8 Valeo (France)
      14.3.9 Subros ï¼ˆIndia)
Segments Covered in the Report
The global Ductless HVAC System market has been segmented based on

By Types
  • Cooling Only Split-System
  • Heat Pump
  • Chilled Water System
  • Window Air Conditioners
  • Others
By Applications
  • Residential
  • Commercial
  • Industrial
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Eberspaecher (Germany)
  • MAHLE (Germany)
  • Hanon Systems (Korea)
  • Calsonic Kansei (Japan)
  • Keihin (Japan)
  • Sanden (Japan)
  • Mitsubishi (Japan)
  • Valeo (France)
  • Subros (India)

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