Ducted Air Conditioning Market Scope
Central ducted split-systems deliver cooling through ducted air, whereby the evaporator is placed in a single central location, providing cooling for an entire residential or commercial building through a system of ducts. The temperature in each zone can be controlled separately. Using air conditioners and electric fans to stay cool accounts for about a fifth of the total electricity used in buildings around the world – or 10% of all global electricity consumption today. Energy consumption for space cooling is led by the United States followed by Japan and Korea.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Daikin (Japan), Toshiba (Japan), Blue Star Limited (India), Denso (Japan), Mitsubishi (Japan), LG Electronics (South Korea), Panasonic Corporation (Japan), Samsung (South Korea), Haier Inc. (China) and Hitachi, Ltd. (Japan) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that Japanese Manufacturers will contribute to the maximum growth of Global Ducted Air Conditioning market throughout the predicted period.
Daikin (Japan), Toshiba (Japan), Blue Star Limited (India), Denso (Japan), Mitsubishi (Japan), LG Electronics (South Korea), Panasonic Corporation (Japan), Samsung (South Korea), Haier Inc. (China) and Hitachi, Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Valeo (France), Subros (India), Sanden (Japan), Eberspaecher (Germany), MAHLE (Germany), Hanon Systems (Korea), Calsonic Kansei (Japan) and Keihin (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ducted Air Conditioning market by Type , by Application (Commercial, Domestic and Others) and Region with country level break-up.
On the basis of geography, the market of Ducted Air Conditioning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, HVAC giant Lennox International announced the acquisition of Daikin Comfort Holdings, the North American residential and commercial HVAC business of Daikin Industries. This deal creates a major player in the ducted air conditioning market, combining Lennox's strong brand recognition with Daikin's advanced technology and global reach.
In December 2023, LG announced a partnership with Google Nest to integrate its smart home technology with LG's ducted air conditioning systems. This collaboration aims to provide users with seamless control and automation of their home climate through voice commands and smartphone apps.
Influencing Trend:
Technological Advancement in Ducted Air Conditioning
Market Growth Drivers:
Increased Ownership of Air Conditioners in Homes and Offices and The Rise in Aesthetic Importance Given To Air Conditioning Units
Challenges:
High Maintainance and Installation Complexity
Restraints:
High Energy Requirements Leading To High Ownership Cost
Opportunities:
Improving Income Levels and Living Standards in Developing Countries Likely To Raise Product Demand
Key Target Audience
Air Conditioner Manufacturer, Air Conditioner Distributor and Supplier, Air Conditioner Raw Material Supplier, Air Conditioner End-User and Others