About Ductless Mini Splits
Ductless mini-splits is the systems used in the residential, commercial, and institutional buildings that are installed with the conditioning systems. The systems have proper heating systems, in the buildings along with providing energy efficiency and safety. There are single-zone and multi-zone ductless mini-splits which comes with the type of mounting facilities like wall-mounted, floor-mounted, ceiling cassette, and more.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that Asian Players will contribute the maximum growth to Global Ductless Mini Splits market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Midea Group Co., Ltd. (United States), Panasonic Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Johnson Controls International plc (Ireland), Mitsubishi Electric Corporation (Japan), LG Electronics Inc. (South Korea), Daikin Industries, Ltd. (Japan), Ramsond Corporation (United States), Blue Star Limited (India), Sharp Corporation (Japan) and MRCOOL (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Haier Group Corporation (China), Ductless Supply LLC (United States), Gree Electric (China) and Hisense Group (China).
Segmentation Overview
AMA Research has segmented the market of Global Ductless Mini Splits market by Type (Single-zone Mini Split and Multi-zone Mini Split), Application (Residential, Commercial and Institutional Buildings) and Region.
On the basis of geography, the market of Ductless Mini Splits 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). If we see Market by BTU Heating Rate, the sub-segment i.e. Below 10000 BTU will boost the Ductless Mini Splits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mount, the sub-segment i.e. Wall-mounted Mini Split will boost the Ductless Mini Splits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising consumption of Ductless Mini Splits by the Commercial and Institutional Buiding
Market Growth Drivers:
Demand for the Heating, Cooling, and Ventilation Systems in the Residential Applications and Growing Demand for the Safety and Energy Efficiency
Challenges:
Stringent Regulatory Guidelines on the Ductless Mini Splits and New Entrants in the Ductless Mini Splits Market
Restraints:
High Cost Associated with the Ductless Mini Splits
Opportunities:
Technological Advancement in the Ductless Mini Splits and Growing Demand of Ductless Mini Splits from Developing Nation
Market Leaders and their expansionary development strategies
In October 2023, Fujitsu General expanded its reach in the North American market by acquiring the Sanyo air conditioner division from Panasonic. This move strengthens Fujitsu's position as a leading player in the ductless mini splits segment.
In December 2022, Daikin Industries, a major Japanese HVAC manufacturer, acquired Goodman Global, a leading North American HVAC company. This acquisition significantly boosts Daikin's presence in the ductless mini splits market, particularly in the United States.
Key Target Audience
Ductless Mini Splits Manufacturers, Ductless Mini Splits Distributors and Suppliers, Ductless Mini Splits International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.