Improved Efficiency, Connectivity Propel Residential HVAC Ductless Market

Ductless technology continues to be one of the fastest-growing HVAC market segments, racking up double-digit sales increases in the U.S. every year for the last several years. In fact, the global ductless HVAC market is projected to reach $78.62 billion by 2021 at a compound annual growth rate (CAGR) of 8.18 percent from 2016 to 2021, according to a report from Research and Markets. Per the report, increasing demand from the residential buildings application is the major driver for the market segment. “Historically, ductless was a very niche market; however, there is not a market in North America today that is not using ductless in some way, shape, or form,” said Tai McKinney, ductless portfolio leader, Trane, an Ingersoll Rand brand.

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Source: Achrnews

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