Ducted Air Conditioning Unit Market

Introduction:

The report includes an in-depth analysis of key segments, trends, drivers, restraints, competitive landscape and factors that play a major role in the market. A refrigerated cooling system that uses a refrigerant to change the temperature of the air is called a ducted air conditioner. The growing use of these air conditioners in workplaces is expected to accelerate due to their multiple cabinets and the need to regulate the variable temperature control of each cabinet. The Global Air Conditioner Market report provides a comprehensive assessment of the market A refrigerant is a material that can easily change from gas to liquid and change temperature at the same time. The duct system uses this temperature change to cool or heat the air in the home.

In addition, the indoor unit, which is usually located on the roof, and the outdoor unit form a ducted air conditioner. The two units work together to complete a cooling cycle where conditioned air is circulated and distributed through a network of ducts and vents. Because of its efficiency and ease of control, it is often the best system for larger buildings.

Market overview: 

The ducted air conditioner market, which is predicted to be valued at USD 10 billion by 2023, is poised to grow significantly in the coming years. It is projected to reach USD 13.9 billion by 2032, reflecting a CAGR of 2.73% from 2024 to 2032. This continuous growth highlights the increasing demand for efficient and reliable air conditioners in various sectors, including residential and commercial. and industrial applications. Factors such as advancements in HVAC technology, rise in global temperature, increasing urbanization and increasing emphasis on energy efficient and eco-friendly systems are the key drivers for the expansion of this market. Additionally, government regulations promoting energy efficiency and adoption of smart home technologies are driving market growth. As consumers and businesses prioritize comfort, durability and cost-effectiveness, the ducted air conditioner market continues to grow and innovations and strategic developments are constantly shaping the future landscape.

Ducted Air Conditioning Unit Market

Size, by Product, - (USD Billion)

Single-Split Systems

Multi-Split Systems

Variable Refrigerant Flow (VRF) Systems

Packaged Systems

Other Products

The Market will Grow

At the CAGR of:

2.73%

The Forecast Market

Size for in USD:

$13.9 billion

Key players:

1. Daikin Industries, Ltd.
2. Mitsubishi Electric Corporation
3. Carrier Corporation
4. LG Electronics
5. Samsung Electronics
6. Toshiba Corporation
7. Fujitsu General Limited
8. Trane Technologies
9. Hitachi, Ltd.
10. Panasonic Corporation
11. Johnson Controls International plc
12. Lennox International Inc.
13. Gree Electric Appliances Inc.
14. Haier Group Corporation
15. Midea Group
16. York International Corporation
17. Swegon Group AB
18. Danfoss A/S
19. Rheem Manufacturing Company
20. Bosch Thermotechnology GmbH

Ducted Air Conditioning Unit Market

Share, by end user, (USD Billion)

10 billion%

Individual Households

Offices and Commercial Buildings

Retail Stores and shopping malls

Hospitals and Healthcare Facilities

Other End-Users

13.9 billion

Total Market Size

USD (Billion),

2.73%

CAGR

-

Market segmentation:

By Type:

Single-Split Systems: These systems are designed for individual rooms or small spaces, where one indoor unit is connected to a single outdoor unit. They are ideal for targeted cooling and are commonly used in residential settings.

Multi-Split Systems: These systems allow multiple indoor units to be connected to a single outdoor unit, providing more flexible cooling solutions for multiple rooms or larger spaces.

Variable Refrigerant Flow (VRF) Systems: VRF systems offer advanced control over temperature and humidity by allowing multiple indoor units to operate independently, with variable

refrigerant flow rates. They are efficient and suitable for both small and large-scale applications.

Packaged Systems: These systems combine the compressor, condenser, and evaporator in a single unit, typically installed on rooftops or outside buildings. They are commonly used in commercial and industrial applications.

By Application:

Residential: Ducted air conditioning systems used in homes and apartments to provide cooling and heating solutions for living spaces.

Commercial: Systems used in offices, retail stores, shopping malls, and other commercial spaces where efficient climate control is required for customer comfort and operational efficiency.

Industrial: Systems designed for use in manufacturing plants, warehouses, and other industrial settings, where maintaining specific temperature and humidity levels is critical for operations and product quality.

By End User:

Individual Households: Homeowners who install ducted air conditioning systems to enhance comfort and energy efficiency in their living spaces.

Offices and Commercial Buildings: Businesses that require reliable climate control to ensure a comfortable working environment and efficient operations.

Retail Stores and shopping malls: Retail establishments that need to maintain a pleasant shopping environment for customers.

Hospitals and Healthcare Facilities: Medical facilities that require precise climate control to maintain hygiene, comfort, and the effectiveness of medical equipment.

Educational Institutions: Schools, colleges, and universities that install ducted air conditioning to provide a comfortable learning environment for students and staff.

Hotels and Hospitality: Hotels, resorts, and other hospitality venues that prioritize guest comfort through efficient climate control.

Manufacturing Plants: Industrial facilities that need to control environmental conditions to ensure product quality and worker safety.

By Distribution Channel:

Direct Sales: Manufacturers sell air conditioning systems directly to end users or businesses, providing personalized solutions and support.

Distributors and Dealers: Third-party companies that purchase air conditioning systems from manufacturers and sell them to end users, often providing installation and maintenance services.

Online Retail: E-commerce platforms where consumers can purchase air conditioning systems directly from manufacturers or third-party sellers, often with options for home delivery and

installation services.

Ducted Air Conditioning Unit Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

2.73%

The Forecast Market

Size for in USD:

$13.9 billion

Recent Developments:

17 May, 2024 Daikin India & Ebrahim Bawany ITI have jointly inaugurated a Center of Excellence (Air-conditioning – HVAC) at Baroda, marking a significant milestone in fostering a skilled workforce for India's future.

TOKYO, June 14, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) announced that it will begin shipping samples of 8W and 14W gallium nitride (GaN) monolithic microwave integrated circuit (MMIC) power amplifiers for use in Ka-band satellite-communication (SATCOM) earth stations from July 1.

Regional Analysis:

North America: The markets of the United States, Canada and Mexico are characterized by high demand for residential, commercial and industrial air conditioners. This demand is due to the different climatic conditions of the region, technological development and the presence of large industrial enterprises.

Europe: Markets in European countries are driven by strict energy efficiency regulations and an increasing focus on sustainable development. Governments and organizations in the region are increasingly adopting green building projects and renovating old buildings with advanced HVAC systems to reduce their carbon footprint. Innovations in smart HVAC technology and high awareness of indoor air quality issues will further increase the demand for ducted air conditioners in this region.

Asia Pacific: The market in Asia Pacific is growing rapidly, especially in countries such as China, India and Japan, with increasing urbanization, industrialization and disposable income. Rising middle class and expansion of business and industrial infrastructure are the main factors driving the growth of the market. In addition, the region experiences extreme weather conditions that increase the need for efficient and reliable air conditioners.

Latin America: In countries such as Brazil and Argentina, the market is driven by economic growth and rising temperatures, which increase the demand for air conditioners. Urbanization and residential and commercial real estate are key to the expansion of this market. The adoption of energy efficient systems is also gaining momentum due to rising energy costs and environmental problems in the region.

Middle East and Africa: The market in this region is driven by extreme temperatures and the critical need for reliable cooling solutions in the residential, commercial and industrial sectors. Rapid urbanization, economic development and a growing construction industry are contributing to the growth of the market. In addition, the adoption of advanced HVAC technologies is supported by government initiatives aimed at improving the energy efficiency and sustainability of infrastructure projects in the region.

Market Dynamics:

Growth Factors:

1. The demand for HVAC systems is increasing due to the construction of residential, commercial, and industrial buildings in urbanized and industrialized areas, especially in emerging economies.
2. Rising global temperatures and changing climatic conditions are creating a need for effective cooling solutions, driving the growth of the ducted air conditioning unit market.
3. Technological advancements, such as variable refrigerant flow (VRF) systems and smart HVAC technologies, are gaining popularity for their energy efficiency and better control features.
4. Government regulations and incentives promoting energy-efficient appliances are encouraging consumers and businesses to upgrade their existing systems to more efficient models.
5. The growing awareness of indoor air quality and its impact on health is leading to the adoption of advanced air conditioning systems that provide better air filtration and ventilation.

Trends:

The ducted air conditioning unit market is being shaped by several key trends.

1. One of the significant trends is the integration of smart technologies, allowing systems to be controlled remotely via smartphones and other devices.
2. Energy efficiency is another major trend, with manufacturers focusing on developing systems that consume less energy while providing optimal cooling.
3. Sustainability is an important trend, leading to the development and adoption of systems that use eco-friendly refrigerants and have lower greenhouse gas emissions.
4. There is a growing demand for customized solutions in the market, particularly in the commercial and industrial sectors, where tailored systems can enhance efficiency and performance.

Ducted Air Conditioning Unit Market TO (USD BN)

CAGR OF

2.73%

Ducted Air Conditioning Unit Market

13.9 billion%

Market Opportunities:

1. The ducted air conditioning unit market has potential for growth and innovation through the development and adoption of advanced and energy-efficient technologies.
2. There is a growing demand for systems that can provide effective cooling while minimizing energy consumption, especially with rising energy costs and increasing regulatory pressures.
3. Integration of renewable energy sources, such as solar power, and the use of environmentally friendly refrigerants are important aspects of the development of air conditioning systems.
4. Emerging markets in regions like Asia-Pacific, Latin America, and Africa offer significant growth potential for companies in the air conditioning industry.
5. The increasing focus on indoor air quality creates an opportunity for air conditioning systems that can effectively filter and ventilate the air, providing a healthier indoor environment.

Market Restraints:

1. In spite of the favorable growth factors, the ducted air conditioning unit market is confronted with various limitations.
2. The high initial costs linked to the purchase and installation of ducted systems can act as a significant obstacle for numerous consumers and businesses, especially in developing regions where cost sensitivity is heightened.
3. Energy consumption and environmental issues present notable hurdles as well. Air conditioning systems are typically energy-intensive, contributing to elevated electricity demand and greenhouse gas emissions.
4. Maintenance and operational challenges also serve as restraints. Regular maintenance is essential for optimal performance and longevity of ducted air conditioning systems, which can be costly and time-consuming.
5. The availability of alternative cooling technologies, like ductless mini-split systems and portable air conditioners, further complicates the market landscape by offering more affordable and easier-to-install options for consumers and businesses with budget constraints.