Press release
Ductless HVAC System Market Expected To Show A Growth At CAGR Of About 8.5% | Top Key Player Analysis: Samsung Electronics Co., Ltd., Hitachi, Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation
Ductless HVAC is a systems used for cooling and heating purpose. It has advantage over traditional HVAC such as it is easy to install, and low cost systems. Due to its size, temperature adjustment can be done very easily.
A ductless HVAC, consists of two units include; an outdoor compressor/condenser and an indoor air handling unit and these two units are linked with conduit. Residential building segment has the largest share in the ductless HVAC system market. Ductless HVAC system consume low energy and have easy installation procedures as ductless system doesn’t uses duct for cooling process. These factors are driving the usage of the ductless HVAC in the residential building.
Global Ductless HVAC System has very broad market in coming recent years. MRFR analysts has predicted that Ductless HVAC Systems market are about to grow at a rapid pace, due to act as a highly flexible solutions, improves indoor air quality and lowers carbon footprint are some of factors helps to grow the market towards growth.
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Industry Top Key Players:
Samsung Electronics Co., Ltd., Hitachi, Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, and Trane are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Ductless HVAC System market.
Ductless HVAC System Market - Competitive Analysis
Ductless HVAC System market appears to be competitive with the presence of several large and small players operating in the Ductless HVAC System Market. These Key players compete based upon pricing, quality, Technology and reputation. Ductless HVAC System market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Ductless HVAC System market strive to respond to the growing demand for Ductless HVAC System. Rapid growth in the electronic sector is ultimately driving the demand of the Ductless HVAC System. The advancement in technology attracts more customers, having a positive impact on the global market. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
Industry/ Innovation/ Related News:
August 6, 2015: Tecumseh Products Co., a leading manufacturer of refrigeration and air conditioning compressors, entered into a definitive merger agreement under which an affiliate of Mueller Industries Inc.
August 14, 2012: Parker Hannifin Corp. had signed an agreement to sell the air conditioning portion of its mobile climate systems division to ContiTech AG.
Ductless HVAC System Market - Segments:
Global Ductless HVAC System Market is segmented in to three Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Application: Residential, Commercial and Industrial
Segmentation by Type: Heating, Cooling and Ventilation
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Ductless HVAC System Market - Regional Analysis
The construction industry in emerging economies is foreseen to grow exponentially over the next few years, further helping the market for ductless systems to expand. The recent technological advancements and development of new products are promising new opportunities for the market growth. Numerous players operating in this market are focusing on innovation to build new designs for this system, which is attracting more consumers. Furthermore, the increasing disposable income of consumers is motivating them to enhance their lifestyles by buying advanced products. This is expected to accelerate growth of the market.
The Asia-Pacific region was the fastest-growing market for ductless heating & cooling systems. The rapid economic growth and increasing population in countries in this region, such as China, India, Japan, South Korea, and Indonesia are leading to a significant increase in the use of ductless heating & cooling systems in residential & commercial buildings. China is the largest market for ductless heating & cooling systems, globally.
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