The global ductless heating and cooling systems market is forecast to reach $78.62 billion by 2021, growing at a compound annual growth rate (CAGR) of 8.18 percent from 2016 to 2021, according to a report published by MarketsandMarkets.
With year-after-year double-digit growth and a projected compound annual growth rate (CAGR) of more than 14 percent between 2013 and 2020, opportunities in the ductless market are sprouting like May flowers.
Ductless Has Been Gaining in Market Share in North America
September 30, 2013
Annual revenue from ductless systems will grow from $3.9 billion in 2013 to more than $9 billion by 2020, representing nearly 30 percent of total energy efficient HVAC systems revenue in that year, according to a new report from Navigant Research.
Have you turned your back on ductless products? The ductless mini split market has seen a 200 percent growth since 2005 and the commercial multi-split market is up 310 percent. Perhaps it is time you turn around.