Ductless Mini Splits Market, By Type (Single-zone Mini Split and Multi-zone Mini Split), By Mounting Options (Wall-mounted Mini Split, Floor-mounted Mini Split, and Ceiling Cassette Mini Split), By Geography (North America, Latin America, Asia Pacific, Eu

The market has witnessed significant expansion in recent years, driven by the increasing demand for energy-efficient and flexible heating and cooling solutions. Ductless mini split systems offer a cost-effective and highly efficient alternative to traditional Heating, Ventilation, and Air Conditioning (HVAC) systems, making them popular among residential, commercial, and industrial consumers. These systems are particularly preferred in retrofit applications, where the installation of ductwork is impractical or too costly.

Rising awareness about sustainable and energy-efficient cooling solutions, combined with stringent government regulations promoting energy conservation, has further fueled market adoption. Moreover, the growing smart home and IoT integration trends have propelled the demand for smart and AI-driven mini split systems. However, factors such as high initial installation costs and limited awareness in developing regions pose challenges to market expansion.

Market Dynamics:

The global ductless mini splits market is primarily driven by increasing energy efficiency regulations, rising electricity costs, and growing demand for eco-friendly HVAC solutions. The transition towards inverter-driven and smart climate control systems has significantly influenced consumer preferences, further bolstering market growth. Additionally, rapid urbanization and increased residential construction activities are creating a high demand for ductless mini split systems, especially in Asia Pacific and North America. However, high installation costs and the complexity of multi-zone systems remain key challenges for market penetration, particularly in price-sensitive regions. Furthermore, the market faces regulatory hurdles related to refrigerant transition policies and efficiency standards.

Despite these challenges, technological advancements and increasing integration of AI and IoT-based controls present lucrative growth opportunities. The emergence of hybrid and solar-powered mini split systems is also expected to redefine the market landscape in the coming years. Additionally, the rising adoption of smart HVAC solutions and expansion of e-commerce sales channels for HVAC products will contribute to sustained market growth.

Key Features of the Study:

  • This report provides in-depth analysis of the global ductless mini splits market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global ductless mini splits market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co., Ltd., Fujitsu General Limited, Midea Group Co., Ltd., Johnson Controls International plc, Ramsond Corporation, Blue Star Limited, Sharp Corporation, MRCOOL, Haier Group Corporation, and Gree Electric Appliances Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global ductless mini splits market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
  • Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Single-zone Mini Split
  • Multi-zone Mini Split
  • Mounting Options Insights (Revenue, USD Bn, 2020 - 2032)
  • Wall-mounted Mini Split
  • Floor-mounted Mini Split
  • Ceiling Cassette Mini Split
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries, Ltd.
  • LG Electronics Inc.
  • Panasonic Corporation
  • Samsung Electronics Co., Ltd.
  • Fujitsu General Limited
  • Midea Group Co., Ltd.
  • Johnson Controls International plc
  • Ramsond Corporation
  • Blue Star Limited
  • Sharp Corporation
  • MRCOOL
  • Haier Group Corporation
  • Gree Electric Appliances Inc.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Ductless Mini Splits Market, By Type
Global Ductless Mini Splits Market, By Mounting Options
Global Ductless Mini Splits Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Ductless Mini Splits Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Single-zone Mini Split
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Multi-zone Mini Split
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Ductless Mini Splits Market, By Mounting Options, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Wall-mounted Mini Split
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Floor-mounted Mini Split
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Ceiling Cassette Mini Split
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Ductless Mini Splits Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Type, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Mounting Options, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
7. Competitive Landscape
Carrier Global Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mitsubishi Electric Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Daikin Industries, Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
LG Electronics Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Panasonic Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Samsung Electronics Co., Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Fujitsu General Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Midea Group Co., Ltd.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Johnson Controls International plc
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Ramsond Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Blue Star Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Sharp Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
MRCOOL
Haier Group Corporation
Gree Electric Appliances Inc.
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
About us
*Browse 32 market data tables and 28 figures on 'Ductless Mini Splits Market' - Global forecast to 2032

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