The market for ductless heating and cooling systems is expected to reach over US$ 228 billion by 2032, growing at a strong CAGR of 8% between 2022 and 2032 from an anticipated value of around US$ 98 billion in 2021.
The global ductless heating and cooling systems market is expected to be valued approximately US$ 98 billion in 2021 and to develop at a robust CAGR of 8% between 2022 and 2032, reaching approximately US$ 228 billion by 2032.
Most ductless heating and cooling systems move heat from indoor to outside air using two-way heat pumps. Using a refrigerant, this air is compressed or expanded. Ductless systems use the same refrigerant vapour compression cycle that a typical refrigerator does. They use a refrigerant (cooling) cycle to extract heat from the outside air and circulate colder air within the building. This is the reverse of the heating cycle.
Any room in which ductless systems are placed can be heated or cooled with the use of variable-speed inverter compressor technology. Heat pumps and mini-split units are other names for ductless systems, which are efficient heating and cooling systems. These systems are strong, secure, affordable, and energy-effective. They are silent as well.
Ductless Heating and Cooling Systems Market: Dynamics & Trends
Air conditioners and freezers are familiar examples of heat pumps. The term ‘heat pump’ is more general and applies to many HVAC (heating, ventilating, and air conditioning) devices used for space heating or space cooling. Ductless systems utilize variable speed compressors with inverter technology (alternating current cycle to direct current cycle) to match the continuous requirement of heating/cooling loads.
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A list of Key Players Covered in the Ductless Heating and Cooling Systems Market are:
Thus, the inefficient on/off cycle of the conventional electric resistance and central heating systems is avoided. Conventional electric resistance and heating systems are often associated with uncomfortable temperature variations and high energy consumption.
The inverter technology makes the operation ultra-quiet at variable speeds. This results in even temperature control, energy savings, and high power dehumidification. The compressor speed modulates automatically, akin to a vehicle’s cruise control. This variable compressor speed enables the system to avoid running at maximum capacity constantly and draw energy when needed.
Ductless heating and cooling systems offer highly flexible heating and cooling solutions depending on the zones and closed spaces. These systems save overall cost power consumption as compared to ducted systems and conventional electric resistance and heating systems.
Apart from saving costs, installation ion of ductless systems enables tax credits and utility rebates for a year (in federal, state, or local level programs), especially in North America, Europe, and some countries in Asia such as Japan.
Ductless heating and cooling systems are quick and easy to install. They do not disrupt daily activities regardless of the space where they are intended to be installed. Based on environment protection, heating and cooling systems, especially the cooling systems, emit CFCs (Chloro-Fluoro-Carbons) that directly damage the protective layer of ozone. Ductless systems with the latest inverter technology and improved refrigerant usage lower the carbon footprint and are considered to be highly environmentally friendly.
Ductless Heating and Cooling Systems Market: Segmentation
Based on application, the ductless heating and cooling systems market can be segmented by type into single-zone systems and multi-zone systems. In terms of end-use, the market can be divided into HVAC (heating ventilation and air conditioning), water heating, and district heating. Based on region, the global ductless heating and cooling systems market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Ductless Heating and Cooling Systems Market: Region-wise Outlook
The global ductless heating and cooling systems market has been expanding due to industrialisation and increased infrastructure development. The ductless heating and cooling systems market in the Asia Pacific, Middle East & Africa, and Latin America, especially in India, Taiwan, China, Japan, Brazil, Mexico, Argentina, GCC, and countries in West Africa and Oceania, has been expanding rapidly. The ductless heating and cooling systems market in North America and Europe is expected to expand at a stable pace shortly.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to Regional markets, types, and applications.
Ductless Heating & Cooling Systems Market – Key Segments
By Product Type:
By Application:
By Region:
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Ductless Heating & Cooling Systems Market review , outlook , forecast , demand , size , share , keytrends , analysis , Research , overview
May 31, 2023
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