• Air conditioning
    Air conditioning

The global ductless heating & cooling systems market is estimated to be $US98.4 billion in 2021 and is projected to reach $US145 billion by 2026; it is expected to grow at a CAGR of 8.1 per cent from 2021 to 2026.

The growth in smart homes is expected to create demand for ductless systems, according to the ResearchandMarkets.com report.

A HVAC system is used in smart homes for controlling air temperature, humidity, and fresh air intake. It helps maintain better airflow and comfortable temperatures in every room.

In a smart home, users can monitor the system performance and respond to system-generated alarms from local or remote locations.

New energy-efficient ductless systems are replacing the traditional HVAC systems.

Upcoming technologies such as ice-powered AC, motion-activated air conditioning systems, and smart vents are integrated into modern ductless systems to increase energy efficiency, reduce energy costs, and lower carbon emissions.

The residential application segment is expected to hold the largest market share during the forecast period.

The growth is attributed to the increasing adoption of ductless heating & cooling systems in residential buildings, growing demand for energy-efficient devices, and rising awareness regarding energy conservation in developing regions such as the Asia Pacific region.

APAC is projected to be the fastest-growing ductless heating & cooling systems market. The growth of the APAC ductless heating & cooling systems market can be attributed to the growing investment in building & construction in the region.

Additionally, Ductless heating & cooling systems manufacturers are targeting this region, as it is the strongest regional market.

Plus China is the leading producer and consumer of ductless heating & cooling systems in the region. Other major markets in the region are emerging economies such as JapanIndia, and Thailand.