Global Ductless Mini-split Market Trends and News: Revenue is Prospected to Show $41.56 Billion by 2029

Global Ductless Mini-split Market Overview

According to Global Market Monitor, the global ductless mini-split market revenue is expected to reach $41.56 billion by 2029 with a CAGR of 4.93% from 2024 to 2029. Ductless Mini-split is the technology of indoor and vehicular environmental comfort. Its goal is to provide thermal comfort and acceptable indoor air quality.

Market News

Lennox and Samsung announced that they have signed an agreement to form a joint venture to market tubeless AC and heat pump products in the United States and Canada. Samsung holds a 50.1 percent stake in the joint venture, while Lennox holds the remaining 49.9 percent. As the product demand for both ducted and pipeless AC and heat pump systems changes together, there is an increasing synergy in providing customers with both products. The joint venture will distribute Samsung tubeless air conditioning and heat pump products in the United States and Canada and is expected to be operational in the second half of 2024. After that, Lennox will purchase VRF, low GWP small split, and multi-split products from the joint venture.

Growing Demand

In recent years, the latest, energy-efficient ductless mini-split systems have become the most popular alternative to central AC.No ductwork means more efficiency – easy installation with no expense or hassle of installing ductwork.Ductless units are small, compact, and less expensive than central AC.The energy efficiency loss of traditional central air-conditioning systems is as high as 40%, while the energy efficiency loss of ductless units is less than 5%.At the same time, the development of residential construction in China, India, and the United States will increase the market demand for products.

Not a Good Choice for Renters.

Price is a major limiting factor for consumption. Although ductless micro-split systems are cheaper and easier to install than central air throughout the house, they still require qualified technicians and a small investment.

This system combines outdoor condenser components with smaller wall-mounted cooling units (called zones), which means that if you want to use this type of cooling system, you need a certain property base. For those renting a house or apartment, since the installation is intrusive, the detached split system is not a good option for renters, who cannot make a decoration decision without the consent of the landlord.

By Type	Below 10000 BTU
	10000-30000 BTU
	Above 30000 BTU
	The 10000-30000 BTU segment accounts for the largest share.
By Application	Residential Buildings
	Commercial Buildings
	Industrial Buildings
	Others
	The residential buildings segment occupies the biggest share.

For more industry information, please refer to our latest released "Global Ductless Mini-split Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions".