Ductless Heating and Cooling Market Worth $78.62 Billion by 2021
PUNE, India — 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.
This growth is being fueled by the high demand from the residential sector and the increasing demand for ductless heating and cooling systems in the Asia-Pacific, South America, and Middle East & Africa regions. Ductless heating and cooling systems are preferred over conventional systems because of their low energy consumption and easy installation procedure.