Ducted Air Conditioning Market Size, Share, Industry Trends and Forecast to 2030

1. Market Size & CAGR of Ducted Air Conditioning Market in 2021

The global ducted air conditioning market had a market size of USD 15.34 billion in 2021, with a Compound Annual Growth Rate (CAGR) of 5.2% from 2021 to 2025. The market is anticipated to reach USD 21.67 billion by the end of 2025. Factors such as increasing construction activities, rising demand for energy-efficient solutions, and technological advancements in the HVAC industry are driving the growth of the ducted air conditioning market.

2. COVID-19 Impact on the Ducted Air Conditioning Market

The COVID-19 pandemic had a significant impact on the ducted air conditioning market. The sudden halt in construction activities, supply chain disruptions, and economic uncertainties led to a temporary slowdown in the market. However, as businesses and economies started recovering, there was a surge in demand for air conditioning systems, especially in commercial spaces, healthcare facilities, and residential buildings, to ensure proper ventilation and air quality.

3. Ducted Air Conditioning Dynamics

The ducted air conditioning market is driven by factors such as the increasing need for thermal comfort, growing awareness about indoor air quality, and the emphasis on energy efficiency. Technological advancements, such as the integration of smart thermostats and sensors, are also propelling the market growth. On the other hand, factors such as high installation costs and maintenance expenses act as restraints for the market.

4. Segments and Related Analysis

The ducted air conditioning market can be segmented based on type, application, and end-user. The types of ducted air conditioning systems include single-zone and multi-zone systems. In terms of application, the market caters to residential, commercial, and industrial sectors. The end-users of ducted air conditioning systems are homeowners, businesses, and industries.

5. By Region Analysis

The ducted air conditioning market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounts for a significant market share, driven by the high demand for HVAC systems in residential and commercial buildings. The Asia Pacific region is witnessing rapid growth due to urbanization, rising disposable income, and government initiatives promoting energy-efficient solutions.

6. Key Market Players and Competitive Landscape

Key players in the ducted air conditioning market include Daikin Industries, Mitsubishi Electric Corporation, LG Electronics, Carrier Corporation, Panasonic Corporation, Samsung Electronics, Johnson Controls, Fujitsu General, Trane Inc., and Rheem Manufacturing Company. These companies are focusing on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market presence and expand their product offerings.

7. Recent Happenings in the Ducted Air Conditioning Market

In recent developments, major players in the ducted air conditioning market have introduced new energy-efficient models with advanced features such as smart connectivity, eco-friendly refrigerants, and improved airflow control. Companies are also emphasizing sustainability and eco-consciousness in their product designs to meet the growing demand for environmentally friendly HVAC solutions.