Ductless HVAC System Market Research Report - Global Forecast to 2027

Ductless HVAC System Market Information by Equipment Type (Heating, Ventilation and Cooling), by Implementation Type (New Construction and retrofit), Application (Residential, Commercial and Industrial), by Region - Forecast to 2027

ID: MRFR/E&P/1336-HCR | February 2021 | Region: Global | 100 pages

Ductless HVAC System Market Scenario

Ductless HVAC System Market is expected to show a growth at CAGR of about 9.45% from 2018 to 2024.

The report for Global Ductless HVAC System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Regional Analysis of Global Ductless HVAC System Market
Asia-Pacific region is a largest market in the ductless HVAC systems market and this growth is expected to continue till forecast period.  Emerging countries like China and India are witnessing rapid economic growth, change in climate condition, and growth in the construction market which are expected to drive the market for the ductless HVAC system in the Asia-Pacific region.

Key Players
The Key Players of Global Ductless HVAC system Market report include- Samsung Electronics Co., Ltd., Hitachi Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, and Trane.

Market Segmentation

Ductless HVAC System Market

Target Audience

  • Ductless HVAC system manufacturers

  • Government and research organization

  • Investment bankers and M&A Consultants

Geographic Analysis

  • Geographical analysis across 17 countries

Company Information

  • Profiling of 10 key market players

  • SWOT analysis, and strategy  information of top five players in the market

  • Competitive landscape including emerging trends adopted by major companies

The report covers a brief analysis of country-level market information

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • Russia

    • France

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Rest of Asia-Pacific

  • ROW

    • South America

    • Middle East

    • Africa

    • Others

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.

Study Objectives of Global Ductless HVAC System Market

  • To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global Ductless HVAC system market

  • To provide insights about factors affecting the market growth

  • To analyze the global Ductless HVAC system market based on various factors such as supply chain analysis, and Porter’s five forces analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries - North America, Europe, Asia-Pacific, and ROW.

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segment by equipment type, implementation type, application, systems and region.

  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global ductless HVAC system market.

Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   CAGR of 9.45% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Equipment Type, Implementation Type and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Samsung Electronics Co., Ltd., Hitachi, Ltd., United Technologies Corporation, LG Electronics, Johnson Controls, Mitsubishi Electric Corporation, Whirlpool Corporation, Daikin Industries Ltd., Electrolux, and Trane
  Key Market Opportunities

  • rapid economic growth
  • change in climate condition
  • growth in the construction market
  •   Key Market Drivers   low energy and easy installation procedures

    Frequently Asked Questions (FAQ) :

    The ductless HVAC system market can thrive at 8.5% CAGR between 2016 and 2021.

    MRFR predicts that the ductless HVAC system market poised to attain high valuation in the end of the evaluation period.

    Mitsubishi Electric Corporation, Daikin Industries Ltd., Whirlpool Corporation, Trane, and Electrolux are some well-established players of the ductless HVAC system market.

    The growing number of HVAC installations can promote the global market of ductless HVAC systems.

    The large-scale commercial ductless HVAC systems can bolster their market in APAC.

    Heating, cooling, and ventilation are some functions of ductless HVAC systems.

    The report discusses growth opportunities and limitations of the ductless HVAC system market, alongside the impact of key players on the market.