Insights on the Ductless Heating & Cooling Systems Global Market to 2027 - Featuring Daikin Industries, Electrolux and LG Electronics Among Others - ResearchAndMarkets.com
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 a CAGR 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
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
Influencer Market Insights
World Market Trajectories
Ductless Heating & Cooling Systems - A Prelude
Ductless Heating and Cooling Systems Market on a Rapid Growth Path
Impact of Covid-19 and a Looming Global Recession
Split System - Accounting for the Largest Share
Residential Buildings - The Most Widely used Application Market
Asia-Pacific: The Largest Regional Market
Rise of the Middle Class Population to Benefit Growth of Ductless Heating and Cooling Systems
Growing Urbanization Propels the Ductless Heating and Cooling Systems Market
Innovations in Air Conditioning Market Spur Market Expansion
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