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Ductless Heating & Cooling Systems Market worth 78.62 Billion USD by 2021

 



(EstateNewsWire.com, December 11, 2019 ) The report "Ductless Heating & Cooling Systems Market by Type (Split Systems, Window Air Conditioner Systems), Application (Residential Buildings, Commercial Buildings, Industrial Buildings) - Global Forecast to 2021", 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.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108776436

This growth is fueled by the high potential demand from residential buildings and the increasing global demand for ductless heating & cooling systems in the Asia-Pacific, South American and Middle-Eastern & African regions. Ductless heating & cooling systems are preferred over conventional systems because of their low energy consumption and easy installation procedure.

Split Systems: The most-widely used type of ductless heating & cooling systems

The split system is the most-widely used type of ductless heating & cooling system. The split system allows the user to control the temperature of individual zones according to need, giving the user the flexibility of operation and savings in operating cost. The major benefit of the split system is the low noise level of the system. The part of the air conditioner that causes the sound is the compressor and the fan that cools the condenser coil. In the split system, both, compressor and fan are kept in the outdoor unit so as to reduce the indoor noise level.

Residential Buildings: The largest application of ductless heating & cooling systems

Residential buildings include all kinds of residential structures such as houses, town houses, cottages, condominiums, and apartments. In residential buildings, ductless heating & cooling systems are used for heating and cooling indoor air. Ductless systems use less energy as compared to ducted systems and are easy to install in residential buildings, and these factors drive the market for ductless systems in the residential building segment. The air conditioning capacity offered by the ductless systems is the added advantage for this application segment. Faster-growing construction markets in the Asia-Pacific region and other emerging economies are the result of rising populations, rapid urbanization and strong economic growth. Mini split ductless heating & cooling systems are the most commonly used type in residential buildings because of their lower capacity and lower operating cost required in residential buildings.

Don't miss out on business opportunities in Ductless Heating & Cooling Systems Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=108776436
Browse in-depth TOC on “Ductless Heating & Cooling Systems Market”
83 - Market Data Tables
63 - Figures
144 - Pages

Asia-Pacific: The largest market for ductless heating & cooling systems

The Asia-Pacific region is the largest market in the global ductless heating & cooling systems market, in terms of value, and this trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing a significant increase in the use of ductless heating & cooling systems in residential and commercial buildings. This growth is mainly due to the rapid economic growth and increasing population that is driving the demand for ductless heating & cooling systems for residential and commercial buildings in the Asia-Pacific region. India is the fastest-growing market for ductless cooling & heating systems and the trend is expected to continue till 2021.

The ductless heating & cooling systems market has very few global players competing for significant market shares. These companies are actively investing in various strategies such as new product developments, major acquisitions, and expansion projects globally to further increase their market shares. Major 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.), and others have adopted various organic and inorganic developmental strategies.

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=108776436

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com


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