Home Energy conservation Ductless HVAC Market – 55% of Growth Will Come from APAC | Driven by rapid growth in commercial and residential construction globally

Ductless HVAC Market – 55% of Growth Will Come from APAC | Driven by rapid growth in commercial and residential construction globally

0

NEW YORK, May 6, 2022 /PRNewswire/ — The size of the ductless HVAC market is expected to grow by $15.36 billion from 2021 to 2026, progressing to a 7.58% CAGR according to Technavio. 55% of market growth will come from APAC during the forecast period. China, Japan, and South Korea are the top markets for ductless HVAC systems in APAC. Market growth in this region will be faster than market growth in other regions. The rapid growth of construction activities and increasing population in countries like China, Japanand India will facilitate the growth of the ductless HVAC system market in the APAC region over the forecast period.

Technavio has announced its latest market research report titled Ductless HVAC System Market by Type and Geography – Forecast and Analysis 2022-2026

For more insights on the market share of different regions – Request a sample report

Ductless HVAC System Market 2022-2026: Vendor Analysis

The market for ductless HVAC systems is fragmented and vendors are deploying growth strategies such as technological innovation, packaging, and promotional activities to compete in the market. AB Electrolux, Carrier Global Corp., Daikin Industries Ltd., Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA GROUP, Mitsubishi Electric Corp., Panasonic Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Holdings Corp., Sharp Corp., Subros Ltd., Trane Technologies plc and Valeo SA are among the major players in the market.

Ductless HVAC System Market 2022-2026: Scope

Our Ductless HVAC System Market Report Covers the Following Areas:

Ductless HVAC System Market 2022-2026: Drivers and Challenges

The key driver of global growth ductless HVAC system market growth is the rapid growth in commercial and residential construction around the world. The global construction market is expected to grow by $4.5 trillion between 2020 and 2030 and reach $15.2 trillionemerging markets representing $8.9 trillion in 2030. However, regionally, the construction market in Sub-Saharan Africa is expected to experience the highest growth, followed by emerging economies in APAC. Additionally, in 2020, China, Indiathe United States and Indonesia accounted for 58.3% of growth in the global construction sector. Furthermore, the residential construction sector accounted for 44% of the entire global construction industry in 2020, making it the largest sub-sector and a key driver of growth in the global construction market. . This growth will be fueled by emerging economies seeking to develop energy, transportation networks, sewage and waste systems, and other large-scale projects, during the forecast period.

However, the main challenge for the growth of the global ductless HVAC system market is tostrict government regulations. For example, the New Efficiency Standard for Residential Heating and the Cooling United States of America and the National Appliance Energy Conservation Act (NAECA) came into effect in 2006 and 2015, respectively. New standards taking effect in 2023 require a Seasonal Energy Efficiency Rating (SEER), a measure of system cooling performance, of at least 14 for residential systems in the northern United States and a SEER of 15 in the south. parts (states) of the United States. In addition, the new standards require an increase in the heating efficiency of air-source heat pumps, which is measured by the seasonal heating equipment performance factor (HSPF). The minimum HSPF will be 8.8 compared to the HSPF of 8.2 required by the current standard, which came into force in 2015. Such factors would hinder the growth of the market during the forecast period.

To know the other pilots & challenges – Download a sample report now!

Ductless HVAC System Market 2022-2026: Segmentation Analysis

Ductless HVAC System Market 2022-2026: Revenue-Generating Segment

The growth in the market share of ductless HVAC systems by the monozone segment will be important for revenue generation. Significant increase in demand for HVAC system applications, owing to growing household incomes and changing consumer consumption habits in emerging economies, will drive the growth of the particular segment in the coming years. to come.

To better understand the contribution of various segments to the market – Download a sample report now!

Ductless HVAC System Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • In-depth information on factors that will contribute to the growth of the Ductless HVAC Systems market over the next five years

  • Estimation of the Ductless HVAC System market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the ductless HVAC market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Ductless HVAC Systems Market vendors

Related reports:

  • the HVAC terminal unit market The size is expected to be valued at USD 1.41 billion by 2026 with a progressive CAGR of 5.05%. Download a sample report now!

  • the energy efficient HVAC systems the market share is expected to increase by USD 24.37 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 11.02%. Download a sample report now!

Ductless HVAC System Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.58%

Market Growth 2022-2026

$15.36 billion

Market structure

Fragmented

Annual growth (%)

7.18

Successful market contribution

APAC 55%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AB Electrolux, Carrier Global Corp., Daikin Industries Ltd., Fujitsu General Ltd., Haier Smart Home Co. Ltd., Hanon Systems, Hitachi Ltd., Lennox International Inc., LG Electronics Inc., MAHLE GmbH, MIDEA GROUP, Mitsubishi Electric Corp., Panasonic Corp., Rheem Manufacturing Co., Samsung Electronics Co. Ltd., Sanden Holdings Corp., Sharp Corp., Subros Ltd., Trane Technologies plc and Valeo SA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

View original content to download multimedia: https://www.prnewswire.com/news-releases/ductless-hvac-system-market—55-of-growth-to-originate-from-apac–driven- by- rapid-growth-commercial–residential-construction-globally–technavio-301539657.html

SOURCETechnavio