DUCTLESS MINI SPLITS MARKET companies

Market Concentration and Competitive Landscape

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Key Developments:

• In February 2025, Samsung Lennox HVAC North America, a joint venture announced in 2024, unveiled its first ductless heat pump offerings – the Samsung mini-split system and Varix VRF
• In April 2021, Durastar, a Ferguson heating and cooling brand, launched its line of mini-split systems on the Power Equipment Direct family of stores

Top Strategies Followed by Global Ductless Mini Splits Market Players

• Established Players: Leading manufacturers focus on technological advancements and strategic acquisitions to strengthen their market position. Mitsubishi Electric, Daikin Industries, and Carrier Global Corporation invest heavily in research and development (R&D) to develop high-efficiency inverter-based mini splits and smart HVAC systems integrated with AI and IoT.
  • For instance, Daikin launched its new R-32 refrigerant-based mini split systems to enhance energy efficiency and reduce environmental impact. Additionally, Mitsubishi Electric acquired Swedish HVAC firm AQS Produkter AB to expand its presence in the European market.
• Mid-level Players: Mid-sized manufacturers adopt cost-effective manufacturing, competitive pricing, and regional expansion to gain market traction. Companies like Gree Electric Appliances and Midea Group focus on high-volume production and affordable yet energy-efficient mini splits tailored to cost-sensitive markets.
  • Midea partnered with Honeywell to introduce next-generation eco-friendly refrigerant-based ACs in China. Similarly, Fujitsu General collaborates with U.S. distributors to expand its reach in North America while offering customized mini split solutions.
• Small-scale Players: Smaller players differentiate by targeting niche markets and specific customer needs. They emphasize localized product offerings, aftermarket services, and partnerships. For example, Blue Star Limited, an India-based brand, focuses on high-efficiency mini splits for extreme climates to cater to tropical and desert regions. Additionally, Panasonic India has partnered with Smart Home tech firms to integrate AI-based remote control solutions for mini splits, enhancing user experience and convenience.

Emerging Startups – Ductless Mini Splits Industry Ecosystem

• Innovative Technologies: Startups in the ductless mini splits market are leveraging AI, IoT, and automation to enhance efficiency and user experience. Sensibo, an Israel-based startup, has developed smart controllers for mini splits that integrate with AI-based climate control systems, optimizing energy consumption based on user behavior. Tado°, a Germany-based company, offers smart thermostats compatible with mini splits, allowing users to remotely control and automate their HVAC settings via mobile apps.
• Sustainable Solutions: Sustainability-focused startups are developing eco-friendly mini splits and energy-efficient solutions. Gradient, a U.S.-based startup, has launched a window-mounted ductless heat pump using low-Global Warming Potential (GWP) refrigerants to reduce carbon emissions while maintaining energy efficiency. Similarly, OxiCool, another U.S.-based startup, has developed water-based air conditioning technology that eliminates chemical refrigerants, aiming to disrupt the traditional HVAC industry with a greener alternative.
• Niche Targets: Some startups are focusing on specific market segments such as extreme climate solutions or affordable cooling for developing regions. Breezair, an Australia-based startup, specializes in evaporative cooling systems for hot and arid regions, providing an alternative to conventional mini splits. Envirosuite, a startup in Asia Pacific, works on air quality monitoring integrated with mini splits, offering data-driven purification systems tailored for high-pollution urban areas.