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. The global ductless HVAC system
market is expected to show a growth at CAGR of about 8.5% from 2016 to 2021. 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.
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Competitive
Analysis
Ductless HVAC System market appears to be
competitive with the presence of several large and small players operating in
the Ductless HVAC System Market. These Key players compete based upon pricing,
quality, Technology and reputation. Ductless HVAC System market demonstrates a
high growth potential which is likely to attract many entrants to the market
resulting in to intensified competition further. Manufacturers operating in the
Ductless HVAC System market strive to respond to the growing demand for Ductless
HVAC System. Rapid growth in the electronic sector is ultimately driving the
demand of the Ductless HVAC System. The advancement in technology attracts more
customers, having a positive impact on the global market. Moreover,
manufacturers mainly ensure to deliver the best quality products based on
innovative technologies, and best practices.
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.
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Segmental
Analysis
Global Ductless HVAC System Market is
segmented in to three Key dynamics for an easy grasp and enhanced
understanding.
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.
Regional
Analysis
The construction industry in emerging
economies is foreseen to grow exponentially over the next few years, further
helping the market for ductless systems to expand. The recent technological
advancements and development of new products are promising new opportunities
for the market growth. Numerous players operating in this market are focusing
on innovation to build new designs for this system, which is attracting more
consumers. Furthermore, the increasing disposable income of consumers is
motivating them to enhance their lifestyles by buying advanced products. This
is expected to accelerate growth of the market.
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.
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