Asia Pacific Ductless Heat Pump Market Size, By Application (Residential {Single Family, Multi Family}, Commercial), By System (Single Zone, Multi Zone), Growth Drivers, Country Outlook & Forecast, 2024 - 2032

Asia Pacific Ductless Heat Pump Industry Analysis

Asia Pacific Ductless Heat Pump Market size was valued at USD 3.1 billion in 2023 and is set to record more than 5% growth rate from 2024 to 2032. Growing inclination of the consumers to install heat pumps specially for room additions, where installing or extending distribution ductwork is not feasible is anticipated to boost the deployment of the ductless heat pumps. The paradigm shift toward the adoption of energy-efficient systems along with rising levels of consumer spending abilities will positively impact the industry growth.
 

The ongoing advancement of low emission alternatives to attain a decarbonized economy strengthened by incentives and legislative energy policies constitutes the major shaping factor of the ductless heat pump market. In addition, the rapidly growing residential construction activities coupled with the shifting trends towards urban locations has attributed residential establishments to emerge as one of the prominent segments across the air source heat pump market, thereby contributing to the overall ductless heat pump industry as they are specifically air to air heat pump.
 

Ongoing investments toward development of commercial & real estate infrastructure in line with the introduction of stringent emission and energy optimization norms have stimulated the demand for ductless heat pumps. Moreover, growing concerns toward GHG emissions from heating and commercial establishments will influence the requirement for clean technologies propelling the product deployment potential. Technological expansion leading to the development of specially designed pumps for cold climatic conditions is likely to provide a promising result thereby, raising the product demand.
 

COVID- 19 Impact

Asia Pacific ductless heat pump market experienced a multifaceted impact due to the COVID-19 pandemic. Initially, the market faced a temporary slowdown as construction projects were delayed, leading to decreased demand for these systems in new buildings. Supply chain disruptions further exacerbated the situation, causing shortages of key components and potential price fluctuations. However, as people spent more time indoors amid lockdowns and remote work arrangements, there was a heightened focus on indoor air quality and comfort.
 

APAC Ductless Heat Pump Market Trends

Growing emphasis on energy efficiency and sustainability, driven by environmental concerns and government regulations. Ductless heat pumps, known for their high energy efficiency ratings, are becoming increasingly popular as they contribute to reduced energy consumption and lower greenhouse gas emissions. Moreover, the Asia Pacific ductless heat pump market is experiencing a surge in demand from both residential and commercial sectors as these systems offer versatile heating and cooling solutions suitable for various applications.
 

Innovations in design and aesthetics are making ductless heat pumps more appealing to homeowners and businesses, ensuring they seamlessly integrate into modern interiors. In summary, the Asia Pacific market is characterized by a strong focus on energy efficiency, technological integration, versatility, and aesthetics, making it a vibrant and evolving segment of the HVAC industry in the region.
 

Asia Pacific Ductless Heat Pump Market Analysis

The residential heat pump industry is predicted to observe 6.4% growth rate through 2032, owing to the growing urban population combined with stringent mandates from the government toward energy conservation. The prevalence of residential infrastructures across colder climatic regions have contributed to augmenting demand for ductless heat pump system offering space heating. Improving living standards along with the surging demand for compact and efficient heating technologies are anticipated to play a vital role in shaping the product trends across domestic applications. Furthermore, the rapid population outburst across emerging economies and growing concerns toward emission reductions will boost the requirement for clean and energy-efficient technologies, thus proliferating the Asia Pacific ductless heat pump market outlook.
 

Multizone ductless heat pump industry is projected to showcase CAGR of 6.3% from 2023 to 2032, owing to their high efficiency through a single outdoor unit, ability to provide space heating at very low temperature, and optimized performance across multifamily applications, among other parameters.  Consumer preference to set out different temperature across different zone or places at residential or commercial space as per requirement is set to increase the deployment of multi zone ductless heat pump units.
 

China ductless heat pump market size surpassed USD 1.7 billion in 2022. Positive outlook by the country’s administrations to support the transition towards energy security and low carbon operations has positively propelled the China ductless heat pump industry dynamics. Moreover, rising awareness among customers to adopt energy-efficient alternatives, financial benefit programs by the government, expanding building infrastructure, and growing demand for low carbon heating & cooling alternatives are some of the prominent factors accelerating the heat pump installation across the region. However, growing consumer inclination towards leisure lifestyle along with increasing government efforts to adopt smart city plans will augment the smart home scenario, thereby augmenting the Asia Pacific ductless heat pump market growth.
 

Asia Pacific Ductless Heat Pump Market Share

Prominent manufacturers in the ductless heat pump market are strategically prioritizing activities such as product launches, mergers, agreements, and contracts to gain a competitive advantage. They recognize that the introduction of innovative solutions, capacity expansion, and enhancements in current treatment technologies will not only enhance profitability but also help them secure a larger market share.:

• DAIKIN INDUSTRIES, Ltd
• Trane
• Carrier
• FUJITSU GENERAL LIMITED
• SAMSUNG
• Johnson Controls,
• Lennox International Inc
• Gree Electric Appliances
• Panasonic Corporation
• Rheem Manufacturing Company
• Bosch Thermotechnology Corp
• Blue Star Limited 
   

Asia Pacific Ductless Heat Pump Industry News

• In May 2022, SAMSUNG announced to invest over USD 1 billion in the coming three years in its green climate and heat pump solutions. The strong growth of its green solution segment in 2021 led the group to invest the amount, increase its manufacturing capacities, and expand its research & development labs. The investment will impact the production and subsequently strengthen the company’s market position.
   
• In June 2021, Daikin introduced FUSION 25, a new management plan, which will extend for the next five years till FY 2025. The FUSION 25 initiative will oversee all the structural changes and consists of three key expansion strategies including the promotion of solutions business connected with customers, challenge to achieve carbon neutrality, and creating value with air to attain strong growth prospects. In addition, the company has also launched a range of quantitative targets to boost its sales to JPY 3.1 trillion (USD 22.9 billion) by 2023 and JPY 3.6 trillion (USD 26.6 billion) by 2025. The management plan will further aid the organization to devise new strategies to obtain a bigger customer base and subsequently expand its presence around the globe.
   

This Asia Pacific ductless heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units & ‘USD Million’ from 2019 to 2032, for the following segments:

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By Application

• Residential
  • Single Family
  • Multifamily
• Commercial

By System

• Single Zone
• Multi Zone

The above information has been provided for the following countries:

Asia Pacific

• China
• Japan
• Australia
• South Korea