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Ductless Heating & Cooling Systems - Global Market Trajectory & Analytics

  • ID: 4804174
  • Report
  • April 2021
  • Region: Global
  • 282 pages
  • Global Industry Analysts, Inc
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 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
Note: Product cover images may vary from those shown

  • 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

  • Total Companies Profiled: 48
Note: Product cover images may vary from those shown