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Residential Ductless Split AC Market Share

Report ID: GMI10669
Published Date: Aug 2024
Report Format: PDF

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Residential Ductless Split AC Market Share

Global Residential Ductless Split AC Company Market Share Analysis, 2023

With several key players competing for market share. Companies such as Carrier, Daikin, LG Electronics, Trane, and Johnson were among the prominent players in this market. They are expected to hold a market share of around 30% in 2023 in the global market. There are large number of players operating in the market. However, consumers are more inclined towards branded and high-quality products across the world.

Residential Ductless Split AC Market Companies

Major key players profiled in the residential ductless split AC industry include:

Carrier
DAIKIN INDUSTRIES, Ltd.
FUJITSU GENERAL
GE Appliances
GREE Comfort
Hitachi, Ltd.
Johnson Controls International plc.
LG Electronics
Mitsubishi Electric Corporation
Panasonic Corporation
Samsung HVAC, LLC.
Senville
Toshiba Heat Pumps
- Trane

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of residential ductless split AC was worth about USD 19.9 billion in 2023 and will expand at 4.5% CAGR between 2024 and 2032, owing to growing demand for energy-efficient and flexible cooling solutions.

The wall mounted segment garnered 67% share in 2023, fueled by its space-saving design, ease of installation, and superior cooling efficiency.

Asia Pacific residential ductless split AC industry achieved 42% share in 2023 and will record 5.8% CAGR through 2032, due to rapid urbanization, rising disposable incomes, and increasing demand for energy-efficient cooling solutions.

Key players operating in the residential ductless split AC market are Carrier, DAIKIN INDUSTRIES, Ltd., FUJITSU GENERAL, GE Appliances, GREE Comfort, Hitachi, Ltd., Johnson Controls International plc., LG Electronics, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung HVAC, LLC., Senville, Toshiba Heat Pumps, and Trane, among others.