In-Depth Analysis of the COVID-19 Impact on Global Ductless Heating & Cooling Systems Market

 The U.S. ductless heating & cooling systems market is forecast to grow at a healthy CAGR over the forecast period, owing to the flourishing HVAC systems market, heavy presence of HVAC systems manufacturers, growing trend of energy-efficient and sustainable buildings, and expansion of ductless heat pumps market size.

  • In the United States, the ductless heating and cooling systems market growth is expected to reach $17.6 billion by 2020.
  • According to the report, China, the world’s second-biggest economy, is projected to reach a ductless heating and cooling systems market size of US$23.3 billion by 2027, with a CAGR of 10.8%.
  • As per the ductless heating and cooling systems market study, Japan and Canada are two other ductless heating and cooling systems markets expected to increase at 3.7% and 6.3%, respectively, from 2020 to 2027.
  • The study finds that Germany is anticipated to expand at a CAGR of around 4.5% in Europe.
  • Mini-split heating and cooling are forecasted to see a ductless heating and cooling systems market growth at an annual rate of 8% and reach US$65.9 billion by 2025.
  • The ductless heating and cooling systems market growth in the Window Air Conditioner Systems segment has been updated to a revised 5.4% CAGR.
  • Carrier will introduce a new Toshiba Carrier touchscreen controller for VRF systems in North America in 2021, capable of linking up to 128 indoor devices to one simple interface.
  • Nortek Global HVAC (NGH), a prominent unit ductless heater manufacturer, revamped its whole Reznor brand of commercial, industrial, and residential gas-fired unit mini split heaters for the North American market in 2021.
  • Trane China introduced a new line of air cleaning systems in 2021 that uses modern technology to eliminate contaminants in interior spaces, such as particles, gases, and viruses. Under the new normal with the COVID-19 pandemic, the ductless heating, and cooling systems enhance indoor air quality (IAQ), build environmental safety, and meet people’s additional criteria for a safe, healthy, and comfortable indoor environment.

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