NEW YORK, Nov. 3, 2016 /PRNewswire/ -- The global ductless heating & cooling systems market is projected to reach USD 78.62 billion by 2021, at a CAGR of 8.18% from 2016 to 2021. Increasing demand from the residential buildings application is the major driver in the global ductless heating & cooling systems market. The global construction industry is expected to grow with the increasing demand for residential buildings in major economies such as India, China, the U.S., Middle East, Germany, Brazil, and others. High growth in the numbers of residential buildings is expected to stimulate the demand for ductless heating & cooling systems, but the high initial installation cost and the lower capacity of ductless systems as compared to ducted air conditioners may restrain its growth in future.
"Residential Buildings, the fastest-growing application for ductless heating & cooling systems"
Ductless heating & cooling systems are majorly used for heating and cooling indoor air in residential buildings. Residential buildings have come across as the major consumers for the ductless heating & cooling systems. The demand is due to the low energy consumption of ductless heating & cooling systems and their easy installation. Fast-growing construction markets in the Asia-Pacific region are stimulating the demand for ductless heating & cooling systems for residential buildings, which is a result of the rising population, rapid urbanization and strong economic growth in the region.
"Asia-Pacific, the largest and fastest-growing market for ductless heating & cooling systems"
The Asia-Pacific region is the largest market for ductless heating & cooling systems globally, and China, the leading market. The Asia-Pacific region is growing at the highest rate, due to the rapid economic expansion the region is currently undergoing. Further, the resulting rapid development in the construction industry is driving the demand for ductless heating & cooling systems for residential buildings in the region.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into three categories: by company; by designation; and by region.
- By Company Type- Tier 1- 60%, Tier 2- 30% and Tier 3- 10%
- By Designation- C Level- 40%, Director Level- 300%, Others- 30%
- By Region- North America- 10%, Asia-Pacific- 50%, Western Europe- 20%, and Middle East & Africa- 20%
The report also includes company profiles and competitive strategies adopted by the major market players such as Samsung Electronics Co., Ltd. (South Korea), Hitachi Ltd. (Japan), United Technologies Corporation (U.S.), LG Electronics (South Korea), Johnson Controls (U.S.), Daikin Industries Ltd. (Japan), AB Electrolux (Sweden), Mitsubishi Electric Corporation (Japan), and Whirlpool Corporation (U.S.).
The report covers the global ductless heating & cooling systems market across different applications and regions. It aims at estimating the market size and future growth potential of this market across different segments such as type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies. The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall ductless heating & cooling systems market.
Reasons to buy this report:
From an insight perspective, this research report has focused upon various levels of analysis — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the ductless heating & cooling systems market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on ductless heating & cooling systems offered by the top players in the global ductless heating & cooling systems market.
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the ductless heating & cooling systems market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for ductless heating & cooling systems across regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global ductless heating & cooling systems market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global ductless heating & cooling systems market.
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