Ductless Heat Pump Market Size - By Application, By System, Analysis, Share, Growth Forecast, 2025 - 2034

Ductless Heat Pump Market Size

The global ductless heat pump market size was valued at USD 10.2 billion in 2024 and is estimated to grow at a CAGR of 9.7% from 2025 to 2034. The industry is poised to observe a significant expansion on account of the increasing focus on renewable energy technologies to serve residential and commercial heating & cooling requirements. Increasing focus on adoption of energy efficient technologies for residential and commercial heating and cooling is driving the industry growth.
 

Fluctuating electricity costs are encouraging homeowners to upgrade from forced-air systems to ductless alternatives coupled with paradigm shift toward clean energy solutions and emphasis on renewable technologies for heating and cooling requirements will accelerate the product demand. Supportive government policies and strict regulations aimed at reducing carbon footprint and promoting cleaner alternatives will positively influence the business dynamics.
 

Ductless Heat Pump Market Trends

Ductless heat pump industry is set to grow owing to increasing emphasis on energy efficiency and sustainability, driven by environmental concerns and government regulations. Ductless heat pumps, known for their high energy efficiency ratings, and contribute to reduced energy consumption and lower greenhouse gas emissions, accelerating the product demand. Rising demand from residential and commercial sectors for versatile heating and cooling solutions coupled with ongoing expansion of building infrastructure across various nations will accelerate the product deployment.
 

Moreover, shifting focus on energy efficient building infrastructure, technological advancements and stringent emission reduction mandates are some of the key factors augmenting the industry outlook.
 

Ductless Heat Pump Market Analysis

The residential segment is anticipated to cross USD 18.8 billion by 2034. Increasing adoption of mini-split heat pumps in residential buildings is driven by stringent government regulations promoting energy-efficient HVAC systems. Rising energy consumption, increasing need for advanced heating and cooling technologies owing to extreme weather conditions, increasing concerns about reducing carbon emissions will accelerate the product demand. Ongoing development of residential establishments and introduction of building energy efficiency mandates by respective authorities will positively influence the residential heat pump business dynamics.
 

The ductless heat pump market from multi zone segment is anticipated to witness a CAGR of over 9.5% through 2034. The implementation of modern infrastructure reforms along with rising demand for reliable and efficient systems is driving the need for highly insulated and air-sealed equipment for space heating and cooling.
 

Multi-zone ductless heat pumps are gaining popularity due to their efficiency and versatility as these systems use a single outdoor unit to provide heating and cooling across multiple indoor zones, offering optimal performance even in low temperatures, maximizing comfort and efficiency, further accelerating the product deployment. Growing demand for customized climate control in different areas of residential and commercial spaces is driving the product adoption.
 

The U.S. ductless heat pump market is set to reach USD 3.8 billion by 2034. Rising demand for efficient heating and cooling solutions, government initiatives for smart city development and ongoing infrastructure development have accelerated the demand for heat pump systems, complementing the U.S. heat pump industry outlook. Supportive government policies promoting low-carbon systems adoption and increasing consumer focus toward energy-efficient alternatives, introduction of financial incentive programs, and expanding building infrastructure, are driving product demand.
 

For instance, in April 2024, Vermont Gas Systems has introduced a new initiative to install ductless mini-split heat pumps, offering homeowners an efficient heating and cooling solution that can be tailored to cover either specific rooms or entire homes.
 

Ductless Heat Pump Market Share

Major players in the ductless heat pump industry are focusing on strategic activities such as product launches, mergers, agreements, and contracts to strengthen their competitive position. These manufacturers understand that introducing innovative solutions, expanding capacity, and improving existing technologies can increase profitability and help them capture a larger market share.
 

Ductless Heat Pump Market Companies

Major players operating across the industry include:

• Argoclima
• Blue Star
• Bosch Thermotechnology
• Bryant Heating & Cooling
• Carrier
• Daikin
• Fujitsu General
• Gree Electric Appliances
• Johnson Controls
• Klimaire Products
• Lennox International
• MRCOOL
• Panasonic
• Rheem Manufacturing
• Samsung
• Trane
   

Ductless Heat Pump Industry News

• In May 2024, Samsung and Lennox have joined forces to establish Samsung Lennox HVAC North America, a new venture focused on distributing ductless air conditioning and heat pump systems in the U.S. and Canadian markets. The joint venture will offer a range of ductless products, including mini-split, multi-split, and VRF systems, aiming to deliver efficient heating and cooling solutions to customers across these regions. By combining their strengths, the two companies seek to enhance their market presence and provide advanced HVAC technologies to meet the evolving needs of consumers in North America.
   
• In May 2024, Daikin Comfort Technologies North America, Inc. has been awarded the 2024 Seal Sustainable Product Award for its ATMOSPHERA system. This innovative single-zone ductless heat pump is the first in North America to utilize R-32, a refrigerant with a reduced global warming impact. The system offers efficient spot cooling and heating for both residential and commercial applications and can complement existing heating systems. Its versatility makes it suitable for renovations in spaces lacking climate control, as well as new construction projects where targeted comfort management is required in specific areas such as offices or bedrooms.
   

The ductless heat pump market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” and “USD Million” “‘from 2021 to 2034 for the following segments:

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Market, By Application

• Residential
  • Single family
  • Multi family
• Commercial

Market, By System

• Single zone
• Multi zone

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Türkiye
  • South Africa
• Latin America
  • Brazil
  • Argentina