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Ductless Heat Pump Market Share

Report ID: GMI5567
Published Date: Nov 2024
Report Format: PDF

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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

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of ductless heat pump reached USD 10.2 billion in 2024 and is set to grow at a 9.7% CAGR from 2025 to 2034, driven by the increasing focus on renewable energy technologies for residential and commercial heating and cooling.

The residential segment is anticipated to cross USD 18.8 billion by 2034, led by the increasing adoption of mini-split heat pumps and stringent government regulations promoting energy-efficient HVAC systems.

The U.S. market is set to reach USD 3.8 billion by 2034, propelled by rising demand for efficient heating and cooling solutions, government initiatives for smart city development, and ongoing infrastructure development.

Major players in 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, and Trane.