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Competitive DashboardThe major players operating the global Ductless HVAC System Market are Whirlpool Corporation, Daikin Industries Ltd., Hitachi Ltd., LG Electronics, United Technologies Corporation, Johnson Controls, Electrolux, Samsung Electronics Co. Ltd., Mitsubishi Electric Corporation, Trane, and more.
Market Scenario
The Global Ductless Hvac System Market is presumed to register a CAGR of 8.5 % during the forecast period (2016-2022) owing to the technological advancements, asserts Market Research Future (MRFR). A ductless HVAC is a system used for heating and cooling process and has advantages over traditional HVAC due to its low-cost systems and easy to install properties. A ductless HVAC comprises two units which include an indoor air handling unit and an outdoor condenser or compressor. These two units are linked to a conduit.
Drivers and Constraints Impacting the Market
Ductless HVAC is easy to install and consume low energy as such systems do not require duct for cooling process. This is anticipated to drive the market during the assessment period. While traditional HVAC systems force to heat and cool air through ducts, ductless systems deliver air directly into several zones. Ductless split systems also offer targeted cooling and heating comfort when conventional HVAC equipment is too costly to install. This system continues to gain importance during the assessment period due to its various features such as multiple heating and cooling stages and variable fan speeds. Moreover, increasing environmental temperature and rising disposable income is estimated to trigger the demand for ductless HVAC system.
On the flip side, high initial cost of installment and adverse effect on the environment is estimated to retard the market growth in the coming years.
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Ductless HVAC System Market - Key Players:
• Samsung Electronics Co., Ltd.
• Hitachi, Ltd.
• United Technologies Corporation
• LG Electronics
• Johnson Controls
• Mitsubishi Electric Corporation
• Whirlpool Corporation
• Daikin Industries Ltd.
• Electrolux
Ductless HVAC System Market - Segments:
Global Ductless HVAC System Market is segmented in to three Key dynamics for an easy grasp and enhanced understanding.
Application
• Residential
• Commercial
• Industrial
Type
• Heating
• Cooling
• Ventilation
Regions
• North America
• Europe
• APAC
• Rest of the World.
Regional Insights
Geographically, the Ductless HVAC System Market span across regions namely, Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific is estimated to register the maximum market share during the review period. The region is anticipated to be the fastest growing market owing to the rapid economic growth coupled with growing population in countries such as India, China, South Korea, Japan, and Indonesia. China is the largest market for ductless HVAC system globally, which further drives the market in this region.
The Asia Pacific region is followed by the North American region which is presumed to expand at a significant rate in terms of sales revenue. The growth is attributed to the increasing construction activities, infrastructural reforms, HVAC unit replacements, and rapid urbanization.
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Industry/ Innovation/ Related News:
August, 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, 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: Table of Contents
1. REPORT PROLOGUE
2. INTRODUCTION
• Definition
• Scope of the study
• Research objective
• Assumptions
• Limitations
• Market structure
• Market segmentation
3. RESEARCH METHODOLOGY
• Research process
• Primary research
• Secondary research
• Market size estimation
• Forecast model
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4. MARKET DYNAMICS
• Drivers & opportunities
• Challenges & restraints
• Value chain analysis
• Porter’s five forces analysis
To be Continue....,
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