Ductless Heating and Cooling Systems Market – By Product Type, By End Use, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Ductless Heating and Cooling Systems Market Overview:
Attribute | Segment |
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By Product Type
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By End-Use
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- Daikin Industries Ltd.
- Mitsubishi Electric Corporation
- LG Electronics Inc.
- Fujitsu General Limited
- Panasonic Corporation
- Gree Electric Appliances, Inc
- Midea Group
- GE Appliances
- Johnson Controls International
- Carrier Global Corporation
Report Metric | Details |
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Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
CAGR |
8.4% |
Market Size in 2030 |
$189.2 billion |
Segments Covered |
Product Type, End-Use and Region |
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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The Ductless Heating and Cooling Systems Market is projected to grow at 8.4% CAGR during the forecast period 2024-2030.
The Global Ductless Heating and Cooling Systems Market size is estimated to be $ 107.6 billion in 2023 and is projected to reach $ 189.2 billion by 2030.
The leading players in the Ductless Heating and Cooling Systems Market are Daikin Industries Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu General Limited, Panasonic Corporation and others.
The escalating trend of indoor air quality solutions adoption, evolving of smart home integration, high demand for flexible HVAC Systems is some of the major Ductless Heating and Cooling Systems Market trends in the industry which will create growth opportunities for the market during the forecast period.
The increasing demand for energy-efficient and comfortable heating and cooling solutions, the growing popularity of smart homes and the rising disposable income of consumers are propelling the market growth. The growing popularity of energy-efficient retrofits are creating substantial growth opportunities for the Ductless Heating and Cooling Systems Market.