Global Ductless Heating & Cooling Systems Industry

Global Ductless Heating & Cooling Systems Industry

  • April 2021 •
  • 282 pages •
  • Report ID: 5798427 •
  • Format: PDF
Abstract:
- Global Ductless Heating and Cooling Systems Market to Reach $104.8 Billion by 2027
- Amid the COVID-19 crisis, the global market for Ductless Heating and Cooling Systems estimated at US$65.3 Billion in the year 2020, is projected to reach a revised size of US$104.8 Billion by 2027, growing at aCAGR of 7% over the period 2020-2027. Split Systems, one of the segments analyzed in the report, is projected to record 8% CAGR and reach US$65.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Window Air Conditioner Systems segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $17.6 Billion, While China is Forecast to Grow at 10.8% CAGR
- The Ductless Heating and Cooling Systems market in the U.S. is estimated at US$17.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.3 Billion by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

- Select Competitors (Total 48 Featured) -
  • Daikin Industries Ltd.
  • Electrolux AB
  • Hitachi Ltd.
  • Ingersoll-Rand PLC
  • Johnson Controls, Inc.
  • LG Electronics, Inc.
  • Mitsubishi Electric Corporation
  • Samsung Electronics Co., Ltd.
  • United Technologies Corporation (UTC)
  • Whirlpool Corporation