According to a market report by Lucintel, the future of the global ductless heating & cooling system market looks promising with opportunities in the residential building, commercial building, and industrial building markets. The global ductless heating & cooling system market is expected to reach an estimated $152.8 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are integration of IoT technology into ductless heating and cooling systems, rising trend of smart homes, as well as, growing demand for energy efficient and power saving heating and cooling equipment.

A more than 150 – page report is developed to understand trends, opportunity and forecast in ductless heating & cooling system market to 2030 by type (split system and window air conditioning system), application (residential building, commercial building, and industrial building), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, split system and window air conditioning system are the major segments of ductless heating & cooling system market by type. Lucintel forecasts that split system is expected to witness highest growth over the forecast period because it allows operators to customize the temperature in specific zones as required, as well as, providing users with flexibility in operation and potential cost savings.

Within this market, residential building will remain the largest segment over the forecast period due to rising adoption of ductless heating & cooling systems in residential buildings, increasing demand for energy-efficient devices, and growing awareness regarding energy conservation in developing regions.

APAC is expected to witness highest growth over the forecast period due to rising building & construction investment in the region, swift industrial growth, and burgeoning construction industry, especially in countries such as China and India,

Daikin, Johnson Controls, Carrier, Trane Technologies, LG Electronics, Emerson Electric, Honeywell International, Mitsubishi Electric, and Nortek Air Management are the major suppliers in the ductless heating & cooling system market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com