Global Ductless HVAC System Market 2024-2028

Ductless Hvac System Market 2024-2028


The ductless hvac system market is forecasted to grow by USD 14.2 bn during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the ductless hvac system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid rising commercial and residential construction globally, need for convenience leading to increased demand for home automation systems, and low energy consumption and easy installation procedure s.

Technavio's ductless hvac system market is segmented as below:
  • By Type
  • Single-zoned
  • Multi-zoned
  • By Geographical Landscape
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America
This study identifies the rapid transformation of iot within the HVAC industry as one of the prime reasons driving the ductless hvac system market growth during the next few years. Also, rapid technological advancements and rise in adoption of smart cities and smart infrastructure will lead to sizable demand in the market.

The report on the ductless hvac system market covers the following areas:
  • Ductless hvac system market sizing
  • Ductless hvac system market forecast
  • Ductless hvac system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ductless hvac system market vendors that include Carrier Global Corp., Daikin Industries Ltd., Electrolux group, Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Panasonic Holdings Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Corp., Sharp Corp., Subros Ltd., Trane Technologies plc, and Valeo SA. Also, the ductless hvac system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Ductless HVAC System Market 2018 - 2022
Historic Market Size - Data Table on Global Ductless HVAC System Market 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
6.3 Single-zoned - Market size and forecast 2023-2028
Chart on Single-zoned - Market size and forecast 2023-2028 ($ billion)
Data Table on Single-zoned - Market size and forecast 2023-2028 ($ billion)
Chart on Single-zoned - Year-over-year growth 2023-2028 (%)
Data Table on Single-zoned - Year-over-year growth 2023-2028 (%)
6.4 Multi-zoned - Market size and forecast 2023-2028
Chart on Multi-zoned - Market size and forecast 2023-2028 ($ billion)
Data Table on Multi-zoned - Market size and forecast 2023-2028 ($ billion)
Chart on Multi-zoned - Year-over-year growth 2023-2028 (%)
Data Table on Multi-zoned - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.5 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.6 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.11 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.12 South Korea - Market size and forecast 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Chart on South Korea - Year-over-year growth 2023-2028 (%)
Data Table on South Korea - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Carrier Global Corp.
Carrier Global Corp. - Overview
Carrier Global Corp. - Business segments
Carrier Global Corp. - Key news
Carrier Global Corp. - Key offerings
Carrier Global Corp. - Segment focus
11.4 Daikin Industries Ltd.
Daikin Industries Ltd. - Overview
Daikin Industries Ltd. - Business segments
Daikin Industries Ltd. - Key news
Daikin Industries Ltd. - Key offerings
Daikin Industries Ltd. - Segment focus
11.5 Electrolux group
Electrolux group - Overview
Electrolux group - Business segments
Electrolux group - Key news
Electrolux group - Key offerings
Electrolux group - Segment focus
11.6 Haier Smart Home Co. Ltd.
Haier Smart Home Co. Ltd. - Overview
Haier Smart Home Co. Ltd. - Business segments
Haier Smart Home Co. Ltd. - Key news
Haier Smart Home Co. Ltd. - Key offerings
Haier Smart Home Co. Ltd. - Segment focus
11.7 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
11.8 LG Electronics Inc.
LG Electronics Inc. - Overview
LG Electronics Inc. - Product / Service
LG Electronics Inc. - Key news
LG Electronics Inc. - Key offerings
11.9 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key news
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
11.10 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
11.11 Subros Ltd.
Subros Ltd. - Overview
Subros Ltd. - Product / Service
Subros Ltd. - Key offerings
11.12 Trane Technologies plc
Trane Technologies plc - Overview
Trane Technologies plc - Business segments
Trane Technologies plc - Key news
Trane Technologies plc - Key offerings
Trane Technologies plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Ductless HVAC System Market 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Type - Market share 2023-2028 (%)
Exhibits31: Data Table on Type - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Type
Exhibits33: Data Table on Comparison by Type
Exhibits34: Chart on Single-zoned - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Single-zoned - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Single-zoned - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Single-zoned - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Multi-zoned - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Multi-zoned - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Multi-zoned - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Multi-zoned - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by Type ($ billion)
Exhibits43: Data Table on Market opportunity by Type ($ billion)
Exhibits44: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits45: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits46: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits47: Chart on Geographic comparison
Exhibits48: Data Table on Geographic comparison
Exhibits49: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits55: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits63: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits66: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits67: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits70: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits71: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits74: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits75: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits78: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits79: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits82: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits83: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits85: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits86: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits87: Chart on South Korea - Year-over-year growth 2023-2028 (%)
Exhibits88: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
Exhibits89: Market opportunity By Geographical Landscape ($ billion)
Exhibits90: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits91: Impact of drivers and challenges in 2023 and 2028
Exhibits92: Overview on criticality of inputs and factors of differentiation
Exhibits93: Overview on factors of disruption
Exhibits94: Impact of key risks on business
Exhibits95: Companies covered
Exhibits96: Matrix on companies position and classification
Exhibits97: Carrier Global Corp. - Overview
Exhibits98: Carrier Global Corp. - Business segments
Exhibits99: Carrier Global Corp. - Key news
Exhibits100: Carrier Global Corp. - Key offerings
Exhibits101: Carrier Global Corp. - Segment focus
Exhibits102: Daikin Industries Ltd. - Overview
Exhibits103: Daikin Industries Ltd. - Business segments
Exhibits104: Daikin Industries Ltd. - Key news
Exhibits105: Daikin Industries Ltd. - Key offerings
Exhibits106: Daikin Industries Ltd. - Segment focus
Exhibits107: Electrolux group - Overview
Exhibits108: Electrolux group - Business segments
Exhibits109: Electrolux group - Key news
Exhibits110: Electrolux group - Key offerings
Exhibits111: Electrolux group - Segment focus
Exhibits112: Haier Smart Home Co. Ltd. - Overview
Exhibits113: Haier Smart Home Co. Ltd. - Business segments
Exhibits114: Haier Smart Home Co. Ltd. - Key news
Exhibits115: Haier Smart Home Co. Ltd. - Key offerings
Exhibits116: Haier Smart Home Co. Ltd. - Segment focus
Exhibits117: Hitachi Ltd. - Overview
Exhibits118: Hitachi Ltd. - Business segments
Exhibits119: Hitachi Ltd. - Key news
Exhibits120: Hitachi Ltd. - Key offerings
Exhibits121: Hitachi Ltd. - Segment focus
Exhibits122: LG Electronics Inc. - Overview
Exhibits123: LG Electronics Inc. - Product / Service
Exhibits124: LG Electronics Inc. - Key news
Exhibits125: LG Electronics Inc. - Key offerings
Exhibits126: Mitsubishi Electric Corp. - Overview
Exhibits127: Mitsubishi Electric Corp. - Business segments
Exhibits128: Mitsubishi Electric Corp. - Key news
Exhibits129: Mitsubishi Electric Corp. - Key offerings
Exhibits130: Mitsubishi Electric Corp. - Segment focus
Exhibits131: Samsung Electronics Co. Ltd. - Overview
Exhibits132: Samsung Electronics Co. Ltd. - Business segments
Exhibits133: Samsung Electronics Co. Ltd. - Key news
Exhibits134: Samsung Electronics Co. Ltd. - Key offerings
Exhibits135: Samsung Electronics Co. Ltd. - Segment focus
Exhibits136: Subros Ltd. - Overview
Exhibits137: Subros Ltd. - Product / Service
Exhibits138: Subros Ltd. - Key offerings
Exhibits139: Trane Technologies plc - Overview
Exhibits140: Trane Technologies plc - Business segments
Exhibits141: Trane Technologies plc - Key news
Exhibits142: Trane Technologies plc - Key offerings
Exhibits143: Trane Technologies plc - Segment focus
Exhibits144: Inclusions checklist
Exhibits145: Exclusions checklist
Exhibits146: Currency conversion rates for US$
Exhibits147: Research methodology
Exhibits148: Information sources
Exhibits149: Data validation
Exhibits150: Validation techniques employed for market sizing
Exhibits151: Data synthesis
Exhibits152: 360 degree market analysis
Exhibits153: List of abbreviations

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