Press release
Ductless HVAC system Market Is Booming Globally 2022 By Prominent Players - Samsung Electronics Co., Ltd., Hitachi, Ltd., United Technologies Corp, LG Electronics, Johnson Controls, Mitsubishi Electric Corp, Whirlpool, Electrolux and Trane
The global ductless HVAC system market is expected to show a growth at CAGR of about 8.5% from 2016 to 2021. Ductless HVAC is a system 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. 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.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.
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Traditional HVAC systems force to cool and heated air through ducts, whereas, ductless systems deliver air directly into different zones. They are comprised of a small outdoor unit and one or more indoor units that require nothing more than mounting capabilities and access to electricity. Sometimes referred to as split systems, multi-split systems, or split-ductless systems. Many of the homeowners switch to ductless cooling and heating due to major driving factor such as overall cost savings and quick and easy to install nature.
Industry/ Innovation/ Related News:
• 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.
• 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.
Competitive Dashboard
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 Segments Analysis
Global Ductless HVAC System Market is segmented in to Application, Type and Region
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.
Ductless HVAC System Regional Market Analysis
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.
LIST OF TABLES
Table 1 Global Ductless HVAC System Market: By Equipment Type, 2014-2022 (USD Billion)
Table 2 Heating: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 3 Ventilation: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 4 Cooling: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 5 Global Ductless HVAC System Market: By Implementation Type, 2014-2022 (USD Billion)
Table 6 New Construction: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 7 Retrofit: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 8 Global Ductless HVAC System Market: By Application, 2014-2022 (USD Billion)
Table 9 Residential: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 10 Commercial: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 11 Industrial: Ductless HVAC System Market, By Region, 2014-2022 (USD Billion)
Table 12 Global Ductless HVAC System Market: By Region, 2014-2022 (USD Billion)
Table 13 North America: Ductless HVAC System Market, By Equipment Type, 2014-2022 (USD Billion)
Table 14 North America: Ductless HVAC System Market, By Implementation Type, 2014-2022 (USD Billion)
Table 15 North America: Ductless HVAC System Market, By Application, 2014-2022 (USD Billion)
Table 16 North America: Ductless HVAC System Market, By Country, 2014-2022 (USD Billion)
Continued….
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LIST OF FIGURES
Figure 1 Global Ductless HVAC System Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis Of Global Ductless HVAC System Market
Figure 4 Value Chain Of Global Ductless HVAC System Market
Figure 5 Global Ductless HVAC System Market: By Equipment Type, 2014-2022 (USD Billion)
Figure 6 Global Ductless HVAC System Market: By Implementation Type, 2014-2022 (USD Billion)
Figure 7 Global Ductless HVAC System Market: By Application, 2014-2022 (USD Billion)
Figure 8 Global Ductless HVAC System Market: By Region, 2014-2022 (USD Billion)
Continued…….
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