Ductless Hvac System Market 2024-2028
The ductless hvac system market is forecasted to grow by USD 14.2 bn during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the ductless hvac system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid rising commercial and residential construction globally, need for convenience leading to increased demand for home automation systems, and low energy consumption and easy installation procedure s.
Technavio's ductless hvac system market is segmented as below:
- By Type
- Single-zoned
- Multi-zoned
- By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rapid transformation of iot within the HVAC industry as one of the prime reasons driving the ductless hvac system market growth during the next few years. Also, rapid technological advancements and rise in adoption of smart cities and smart infrastructure will lead to sizable demand in the market.
The report on the ductless hvac system market covers the following areas:
- Ductless hvac system market sizing
- Ductless hvac system market forecast
- Ductless hvac system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ductless hvac system market vendors that include Carrier Global Corp., Daikin Industries Ltd., Electrolux group, Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA Group Co. Ltd., Mitsubishi Electric Corp., Panasonic Holdings Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Corp., Sharp Corp., Subros Ltd., Trane Technologies plc, and Valeo SA. Also, the ductless hvac system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.