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.
“It’s, without question, one of the fastest-growing segments in North American HVAC,” said Tom Lahutsky, senior product manager, Lennox Intl. Inc. “The market is very competitive. There are a lot of different solutions out there from some very good suppliers. This growth, which means more units are being shipped, pulls all the manufacturers in.”