Ductless Heating & Cooling Systems Market

DAIKIN INDUSTRIES (Japan), Johnson Controls (US) and LG Electronics (South Korea) are the Global Players in the Ductless Heating & Cooling Systems Market

The market size of ductless heating & cooling systems is estimated at USD 98.4 Billion in 2021 and is projected to reach USD 145.0 Billion by 2026, at a CAGR of 8.1% between 2021 and 2026.

Ductless heating & cooling systems heat and cool the air inside buildings without the use of ductwork. The air is conditioned through two units: an indoor unit called the evaporator, and an outdoor unit called the condenser. The indoor unit is connected to the outdoor unit with a small bundle of cables, including a refrigerant line. The indoor unit consists of a cooling coil, a long blower, and an air filter, whereas an outdoor unit consists of a compressor, condenser coil, and expansion coil. Ductless heating & cooling systems are energy-efficient for lower capacity operations. Ductless heating & cooling systems are mainly categorized into split systems, and window air conditioning systems. Their applications can broadly be categorized into residential buildings, commercial buildings, and industrial buildings.

The demand for ductless heating & cooling systems is mainly catered to by global players manufacturing ductless heating & cooling systems for various end-use applications. The key players in the ductless heating & cooling systems market include DAIKIN INDUSTRIES (Japan), Johnson Controls (US), Carrier (US), Trane Technologies plc, (US), LG Electronics (South Korea), Emerson Electric Co. (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan), Haier Smart Home (China), Whirlpool (US), Electrolux (Sweden), and Lennox (US).

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Daikin manufactures general air-conditioning equipment with in-house divisions covering both air conditioning and refrigerants. The company mainly operates through Air Conditioning, Chemicals, and Other business segments. The Air Conditioning segment offers HVAC products such as split/multi-split air conditioners, unitary air conditioners, air-to-water heat pumps, heating systems, air purifiers, medium/low-temperature refrigeration systems, ventilation products, control systems, chillers, filters, and marine HVAC. The Chemicals segment offers fluorocarbon gas, fluororesin, and other chemical products such as semiconductor etching agents, water and oil repellent, surfactant, carbon fluoride, and fluorine oil. The Other segment covers oil machinery, special machinery, and electronic systems. Daikin has more than 100 production units across the world and conducts businesses in more than 150 countries. Furthermore, the company has acquired the ISO9001 certification for all production facilities and implements high-quality maintenance and management systems in its development, procurement, and production facilities.

Johnson Controls conducts its business through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company provides HVAC equipment, energy management systems, security systems, fire detection systems, and fire suppression solutions. Moreover, it offers products related to HVAC equipment, which include heating, cooling, air handling, and controls solutions. The company also provides HVAC operations, maintenance (planned and preventive), and repair services; remote monitoring management services; predictive and diagnostic services; system integration services; part replacement and supplies services; and managed and training services.

LG Electronics produces consumer electronics and home appliances. Major operating segments of the company are Home Entertainment (HE), Home Appliances & Air Solutions (H&A), Mobile Communications (MC), Vehicle Component Solutions (VS), Innotek, Business Solutions (BS), and Other. The Home Appliances & Air Solutions segment manufactures refrigerators, washing machines, vacuum cleaners, and residential and commercial air conditioners. Under this segment, LG Air Conditioning Technologies offers duct-free systems, Variable Refrigerant Flow (VRF) systems, and packaged terminal air conditioner (PTAC) systems. The company operates through wholly owned subsidiaries in North America, Europe, and Asia.

Companies have initiated the following developments:

  • In 2021,  Carrier launched a new Toshiba Carrier touchscreen controller in North America for VRF systems, capable of connecting up to 128 indoor units to one easy-to-use interface.
  • In 2021, Nortek Global HVAC (NGH), a manufacturer of the industry’s leading unit heaters, redesigned its entire Reznor brand of commercial/industrial/residential gas-fired unit heaters for the North American market.
  • In 2021, Trane China launched a new suite of air cleaning systems that applies advanced technology to reduce containments, including particulates, gases, and viruses, in indoor environments. The system comprehensively improves indoor air quality (IAQ) and builds environmental safety under the new normal with the COVID-19 pandemic, and meets people’s added requirements for a safe, healthy, and comfortable indoor environment.

Related Reports:

Ductless Heating & Cooling Systems Market by Type(Split Systems, and Window Air Conditioning Systems), Application(Residential Buildings, Commercial Buildings,and Industrial Buildings) and Region - Global Forecast to 2026

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Ductless Heating & Cooling Systems Market Size,  Share & Growth Report
Report Code
CH 4315
RI Published ON
1/31/2022
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