Ductless Heat Pumps

Global Ductless Heat Pumps Market to Reach US$33.0 Billion by 2030

The global market for Ductless Heat Pumps estimated at US$19.8 Billion in the year 2024, is expected to reach US$33.0 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2024-2030. Single Zone, one of the segments analyzed in the report, is expected to record a 10.3% CAGR and reach US$23.6 Billion by the end of the analysis period. Growth in the Multi Zone segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.4 Billion While China is Forecast to Grow at 14.1% CAGR

The Ductless Heat Pumps market in the U.S. is estimated at US$5.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2030 trailing a CAGR of 14.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.4% and 8.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.0% CAGR.

Global "Ductless Heat Pump" Market – Key Trends & Drivers Summarized

Why Are Ductless Heat Pumps Gaining Popularity in the HVAC Industry?

The shift toward energy-efficient and flexible heating and cooling solutions has fueled the demand for ductless heat pumps, also known as mini-split systems. These systems offer zoned heating and cooling, allowing users to regulate temperatures in specific areas without requiring extensive ductwork. As concerns over energy consumption, carbon emissions, and indoor air quality continue to rise, ductless heat pumps have emerged as a cost-effective and eco-friendly alternative to traditional HVAC systems. Their compact design, ease of installation, and ability to operate efficiently in residential, commercial, and industrial settings have further contributed to market growth.

What Technological Innovations Are Driving the Adoption of Ductless Heat Pumps?

Advancements in inverter technology, smart climate control, and refrigerant efficiency have significantly improved the performance and energy savings of ductless heat pumps. The integration of variable-speed compressors allows these systems to adjust heating and cooling output based on real-time temperature requirements, reducing energy waste. Additionally, manufacturers are incorporating IoT-enabled features such as Wi-Fi connectivity, remote control via smartphone apps, and AI-driven predictive maintenance, enhancing user convenience and operational efficiency. The transition to eco-friendly refrigerants, including R-32 and R-410A, is also helping manufacturers comply with global environmental regulations and reduce the carbon footprint of HVAC systems.

How Are Regulations and Consumer Preferences Impacting the Market?

Governments worldwide are implementing stricter energy efficiency standards and offering incentives for the adoption of renewable energy-powered heating and cooling solutions. Policies such as the U.S. Department of Energy`s Energy Star certification and the European Union’s Energy Performance of Buildings Directive (EPBD) have encouraged the widespread adoption of high-efficiency ductless heat pumps. Additionally, the rising trend of home automation and smart buildings has driven demand for HVAC systems that can be seamlessly integrated into connected home ecosystems.

What Factors Are Driving Market Growth?

The growth in the Ductless Heat Pump market is fueled by increasing consumer demand for energy-efficient HVAC solutions, rising awareness about indoor air quality, and advancements in smart heating and cooling technologies. The expansion of green building initiatives, rising construction of net-zero energy homes, and growing investments in eco-friendly infrastructure are also key market accelerators. Additionally, as governments phase out inefficient HVAC systems and promote heat pump adoption, the market for ductless heat pumps is expected to expand rapidly across residential, commercial, and industrial sectors.

SCOPE OF STUDY:

The report analyzes the Ductless Heat Pumps market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
System (Single Zone, Multi Zone); Application (Residential, Commercial)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• AUX Group
• Blue Star Limited
• Bosch Thermotechnology Corp.
• Carrier Global Corporation
• Daikin Industries Ltd.
• Electrolux
• Emerson Electric Co.
• Fujitsu General Limited
• Gree Electric Appliances Inc.
• Haier Smart Home
• Hitachi Ltd.
• Johnson Controls International plc
• Klimaire Products Inc.
• Lennox International Inc.
• LG Electronics
• Midea Group
• Mitsubishi Electric Corporation
• Nortek Air Management
• Panasonic Corporation
• Pioneer Mini Split

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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