The According to a market research report, the “Ductless Heating & Cooling Systems Market by Type(Split Systems, and Window Air Conditioning Systems), Application(Residential Buildings, Commercial Buildings,and Industrial Buildings) and Region – Global Forecast to 2026” The ductless heating & cooling systems market is projected to grow from USD 98.4 billion in 2021 to USD 145.0 billion by 2026, at a CAGR of 8.1% during the forecast period. Constant efforts for developing next-generation low global warming potential refrigerants for ductless systems is expected to be the key growth opportunity for the market players.
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- 448 Market data Tables
- 53 Figures
- 307 Pages and in-depth TOC on “Ductless Heating & Cooling Systems Market – Global Forecast to 2026”
This report also provides a comprehensive analysis of the companies listed below:
DAIKIN Industries (Japan), Johnson Controls (US), Carrier (US), Trane Technologies plc, (US), LG Electronics (South Korea), Emerson Electric Co. (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan), Haier Smart Home (China), Whirlpool (US), Electrolux (Sweden), and Lennox (US).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Ductless Heating & Cooling Systems Market.
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Daikin manufactures general air-conditioning equipment with in-house divisions covering both air conditioning and refrigerants. The company mainly operates through Air Conditioning, Chemicals, and Other business segments. The Air Conditioning segment offers HVAC products such as split/multi-split air conditioners, unitary air conditioners, air-to-water heat pumps, heating systems, air purifiers, medium/low-temperature refrigeration systems, ventilation products, control systems, chillers, filters, and marine HVAC. The Chemicals segment offers fluorocarbon gas, fluororesin, and other chemical products such as semiconductor etching agents, water and oil repellent, surfactant, carbon fluoride, and fluorine oil.
The Other segment covers oil machinery, special machinery, and electronic systems. Daikin has more than 100 production units across the world and conducts businesses in more than 150 countries. Furthermore, the company has acquired the ISO9001 certification for all production facilities and implements high-quality maintenance and management systems in its development, procurement, and production facilities.
Johnson Controls conducts its business through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The company provides HVAC equipment, energy management systems, security systems, fire detection systems, and fire suppression solutions. Moreover, it offers products related to HVAC equipment, which include heating, cooling, air handling, and controls solutions. The company also provides HVAC operations, maintenance (planned and preventive), and repair services; remote monitoring management services; predictive and diagnostic services; system integration services; part replacement and supplies services; and managed and training services.
LG Electronics produces consumer electronics and home appliances. Major operating segments of the company are Home Entertainment (HE), Home Appliances & Air Solutions (H&A), Mobile Communications (MC), Vehicle Component Solutions (VS), Innotek, Business Solutions (BS), and Other. The Home Appliances & Air Solutions segment manufactures refrigerators, washing machines, vacuum cleaners, and residential and commercial air conditioners. Under this segment, LG Air Conditioning Technologies offers duct-free systems, Variable Refrigerant Flow (VRF) systems, and packaged terminal air conditioner (PTAC) systems. The company operates through wholly owned subsidiaries in North America, Europe, and Asia.
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