Ductless HVAC System Market – 55% of Growth to Originate from APAC | D…

Ductless HVAC System Market – 55% of Growth to Originate from APAC | D…




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NEW YORK, May 6, 2022 /PRNewswire/ — The ductless HVAC system market size is set to grow by USD 15.36 billion from 2021 to 2026, progressing at a CAGR of 7.58% according to Technavio. 55% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the meaningful markets for ductless HVAC systems in APAC. Market growth in this vicinity will be faster than the growth of the market in other regions. The rapid growth in construction activities and rise in population in countries such as China, Japan, and India will ease the ductless HVAC system market growth in APAC over the forecast period.

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Ductless HVAC System Market 2022-2026: Vendor examination

 The ductless HVAC system market is fragmented and the 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 some of the major market participants.

Ductless HVAC System Market 2022-2026 : Scope

 Our ductless HVAC system market report covers the following areas:

Ductless HVAC System Market 2022-2026: Drivers & Challenges

The meaningful factor driving the global ductless HVAC system market growth is the rapidly rising commercial and residential construction globally. The global construction market is expected to grow by USD 4.5 trillion between 2020 and 2030 and reach USD 15.2 trillion, with emerging markets accounting for USD 8.9 trillion in 2030. However, vicinity-wise, the construction market in Sub-Saharan Africa is expected to have the highest growth, followed by emerging economies in APAC. Further, in 2020, China, India, the US, and Indonesia accounted for 58.3% of growth in the global construction sector. Furthermore, the residential construction sector accounted for 44% of the total global construction industry in 2020, making it the largest sub-sector and a meaningful driver of the global construction market’s growth. This growth will be fueled by emerging economies that are looking to develop energy, transport networks, sewage and waste systems, and other large-extent projects, in the forecast period.

However, the meaningful challenge to the global ductless HVAC system market growth is the stringent 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) went into effect in 2006 and 2015, respectively. The new standards that come into effect in 2023 require a seasonal energy efficiency ratio (SEER), a measure of a systems cooling performance, of no less than 14 for residential systems in the northern parts of the US and a SEER of 15 in the southern parts (states) of the US. In addition, the new standards require an increase in the heating efficiency of air-source heat pumps, which is measured by the equipment heating seasonal performance factor (HSPF). The minimum HSPF will be 8.8 when compared with the HSPF of 8.2 required by the current standard, which went into effect in 2015. Such factors would make difficulty the market growth in the forecast period.

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Ductless HVAC System Market 2022-2026 : Segmentation examination

  • kind
  • Geography
    • APAC
    • Europe
    • North America
    • Middle East And Africa
    • South America

Ductless HVAC System Market 2022-2026 : Revenue Generating part

The ductless HVAC system market proportion growth by the single-zoned part will be meaningful for revenue generation. The meaningful increase in the need for HVAC systems applications, owing to growth in household incomes and changing expenditure patterns of consumers in emerging economies, will excursion the growth of the part in focus in the coming years.

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Ductless HVAC System Market 2022-2026 : meaningful Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist ductless HVAC system market growth during 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 system market
  • examination of the market’s competitive scenery and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ductless HVAC system market vendors

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Ductless HVAC System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.58%

Market growth 2022-2026

USD 15.36 billion

Market structure

Fragmented

YoY growth (%)

7.18

Performing market contribution

APAC at 55%

Competitive scenery

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 examination, Market growth inducers and obstacles, Fast-growing and slow-growing part examination, COVID 19 impact and future consumer dynamics, market condition examination for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

  • 1.1 Market overview
    • characterize 01: Executive Summary – Chart on Market Overview
    • characterize 02: Executive Summary – Data Table on Market Overview
    • characterize 03: Executive Summary – Chart on Global Market Characteristics
    • characterize 04: Executive Summary – Chart on Market by Geography
    • characterize 05: Executive Summary – Chart on Market Segmentation by kind
    • characterize 06: Executive Summary – Chart on Incremental Growth
    • characterize 07: Executive Summary – Data Table on Incremental Growth
    • characterize 08: Executive Summary – Chart on Vendor Market Positioning

2 Market scenery

  • 2.1 Market ecosystem
    • characterize 09: Parent market
    • characterize 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • characterize 11: Offerings of vendors included in the market definition
  • 3.2 Market part examination
    • characterize 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • characterize 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
    • characterize 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
    • characterize 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • characterize 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces examination

  • 4.1 Five forces summary
    • characterize 17: Five forces examination – Comparison between 2021 and 2026
  • 4.2 Bargaining strength of buyers
    • characterize 18: Bargaining strength of buyers – Impact of meaningful factors in 2021 and 2026
  • 4.3 Bargaining strength of suppliers
    • characterize 19: Bargaining strength of suppliers – Impact of meaningful factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • characterize 20: Threat of new entrants – Impact of meaningful factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • characterize 21: Threat of substitutes – Impact of meaningful factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • characterize 22: Threat of rivalry – Impact of meaningful factors in 2021 and 2026
  • 4.7 Market condition
    • characterize 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by kind

  • 5.1 Market segments
    • characterize 24: Chart on kind – Market proportion 2021-2026 (%)
    • characterize 25: Data Table on kind – Market proportion 2021-2026 (%)
  • 5.2 Comparison by kind
    • characterize 26: Chart on Comparison by kind
    • characterize 27: Data Table on Comparison by kind
  • 5.3 Single-zoned – Market size and forecast 2021-2026
    • characterize 28: Chart on Single-zoned – Market size and forecast 2021-2026 ($ billion)
    • characterize 29: Data Table on Single-zoned – Market size and forecast 2021-2026 ($ billion)
    • characterize 30: Chart on Single-zoned – Year-over-year growth 2021-2026 (%)
    • characterize 31: Data Table on Single-zoned – Year-over-year growth 2021-2026 (%)
  • 5.4 Multi-zoned – Market size and forecast 2021-2026
    • characterize 32: Chart on Multi-zoned – Market size and forecast 2021-2026 ($ billion)
    • characterize 33: Data Table on Multi-zoned – Market size and forecast 2021-2026 ($ billion)
    • characterize 34: Chart on Multi-zoned – Year-over-year growth 2021-2026 (%)
    • characterize 35: Data Table on Multi-zoned – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by kind
    • characterize 36: Market opportunity by kind ($ billion)

6 Customer scenery

  • 6.1 Customer scenery overview
    • characterize 37: examination of price sensitivity, lifecycle, customer buy basket, adoption rates, and buy criteria

7 Geographic scenery

  • 7.1 Geographic segmentation
    • characterize 38: Chart on Market proportion by geography 2021-2026 (%)
    • characterize 39: Data Table on Market proportion by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • characterize 40: Chart on Geographic comparison
    • characterize 41: Data Table on Geographic comparison
  • 7.3 APAC – Market size and forecast 2021-2026
    • characterize 42: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
    • characterize 43: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
    • characterize 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • characterize 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.4 Europe – Market size and forecast 2021-2026
    • characterize 46: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
    • characterize 47: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
    • characterize 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • characterize 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.5 North America – Market size and forecast 2021-2026
    • characterize 50: Chart on North America – Market size and forecast 2021-2026 ($ billion)
    • characterize 51: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
    • characterize 52: Chart on North America – Year-over-year growth 2021-2026 (%)
    • characterize 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026
    • characterize 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • characterize 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • characterize 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • characterize 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • characterize 58: Chart on South America – Market size and forecast 2021-2026 ($ billion)
    • characterize 59: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
    • characterize 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • characterize 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • characterize 62: Chart on China – Market size and forecast 2021-2026 ($ billion)
    • characterize 63: Data Table on China – Market size and forecast 2021-2026 ($ billion)
    • characterize 64: Chart on China – Year-over-year growth 2021-2026 (%)
    • characterize 65: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 US – Market size and forecast 2021-2026
    • characterize 66: Chart on US – Market size and forecast 2021-2026 ($ billion)
    • characterize 67: Data Table on US – Market size and forecast 2021-2026 ($ billion)
    • characterize 68: Chart on US – Year-over-year growth 2021-2026 (%)
    • characterize 69: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.10 Germany – Market size and forecast 2021-2026
    • characterize 70: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
    • characterize 71: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
    • characterize 72: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • characterize 73: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • characterize 74: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
    • characterize 75: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
    • characterize 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • characterize 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 South Korea – Market size and forecast 2021-2026
    • characterize 78: Chart on South Korea – Market size and forecast 2021-2026 ($ billion)
    • characterize 79: Data Table on South Korea – Market size and forecast 2021-2026 ($ billion)
    • characterize 80: Chart on South Korea – Year-over-year growth 2021-2026 (%)
    • characterize 81: Data Table on South Korea – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • characterize 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges
    • characterize 83: Impact of drivers and challenges in 2021 and 2026

9 Vendor scenery

  • 9.2 Vendor scenery
    • characterize 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 scenery disruption
    • characterize 85: Overview on factors of disruption
  • 9.4 Industry risks
    • characterize 86: Impact of meaningful risks on business

10 Vendor examination

  • 10.1 Vendors covered
    • characterize 87: Vendors covered
  • 10.2 Market positioning of vendors
    • characterize 88: Matrix on vendor position and classification
  • 10.3 AB Electrolux
    • characterize 89: AB Electrolux – Overview
    • characterize 90: AB Electrolux – Business segments
    • characterize 91: AB Electrolux – meaningful news
    • characterize 92: AB Electrolux – meaningful offerings
    • characterize 93: AB Electrolux – part focus
  • 10.4 Carrier Global Corp.
    • characterize 94: Carrier Global Corp. – Overview
    • characterize 95: Carrier Global Corp. – Business segments
    • characterize 96: Carrier Global Corp. – meaningful news
    • characterize 97: Carrier Global Corp. – meaningful offerings
    • characterize 98: Carrier Global Corp. – part focus
  • 10.5 Daikin Industries Ltd.
    • characterize 99: Daikin Industries Ltd. – Overview
    • characterize 100: Daikin Industries Ltd. – Business segments
    • characterize 101: Daikin Industries Ltd. – meaningful offerings
    • characterize 102: Daikin Industries Ltd. – part focus
  • 10.6 Haier Smart Home Co. Ltd.
    • characterize 103: Haier Smart Home Co. Ltd. – Overview
    • characterize 104: Haier Smart Home Co. Ltd. – Business segments
    • characterize 105: Haier Smart Home Co. Ltd. – meaningful offerings
    • characterize 106: Haier Smart Home Co. Ltd. – part focus
  • 10.7 Hitachi Ltd.
    • characterize 107: Hitachi Ltd. – Overview
    • characterize 108: Hitachi Ltd. – Business segments
    • characterize 109: Hitachi Ltd. – meaningful offerings
    • characterize 110: Hitachi Ltd. – part focus
  • 10.8 LG Electronics Inc.
    • characterize 111: LG Electronics Inc. – Overview
    • characterize 112: LG Electronics Inc. – Business segments
    • characterize 113: LG Electronics Inc. – meaningful news
    • characterize 114: LG Electronics Inc. – meaningful offerings
    • characterize 115: LG Electronics Inc. – part focus
  • 10.9 Mitsubishi Electric Corp.
    • characterize 116: Mitsubishi Electric Corp. – Overview
    • characterize 117: Mitsubishi Electric Corp. – Business segments
    • characterize 118: Mitsubishi Electric Corp. – meaningful offerings
    • characterize 119: Mitsubishi Electric Corp. – part focus
  • 10.10 Samsung Electronics Co. Ltd.
    • characterize 120: Samsung Electronics Co. Ltd. – Overview
    • characterize 121: Samsung Electronics Co. Ltd. – Business segments
    • characterize 122: Samsung Electronics Co. Ltd. – meaningful news
    • characterize 123: Samsung Electronics Co. Ltd. – meaningful offerings
    • characterize 124: Samsung Electronics Co. Ltd. – part focus
  • 10.11 Subros Ltd.
    • characterize 125: Subros Ltd. – Overview
    • characterize 126: Subros Ltd. – Business segments
    • characterize 127: Subros Ltd. – meaningful offerings
    • characterize 128: Subros Ltd. – part focus
  • 10.12 Trane Technologies plc
    • characterize 129: Trane Technologies plc – Overview
    • characterize 130: Trane Technologies plc – Business segments
    • characterize 131: Trane Technologies plc – meaningful offerings
    • characterize 132: Trane Technologies plc – part focus

11 Appendix

  • 11.2 Inclusions and exclusions checklist
    • characterize 133: Inclusions checklist
    • characterize 134: Exclusions checklist
  • 11.3 money conversion rates for US$
    • characterize 135: money conversion rates for US$
  • 11.4 Research methodology
    • characterize 136: Research methodology
    • characterize 137: Validation techniques employed for market sizing
    • characterize 138: Information supplies
  • 11.5 List of abbreviations
    • characterize 139: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and examination focus on emerging market trends and provides actionable insights to help businesses clarify market opportunities and develop effective strategies to optimize their market locaiongs. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to clarify opportunities in existing and possible markets and estimate their competitive locaiongs within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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