| Product Code: ETC4491985 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India ductless heating & cooling systems market import shipment experienced a significant decline with a CAGR of -44.4% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -40.6%, indicating a continued deceleration in market expansion, reflecting a notable downward trend during the period.
The India Ductless Heating and Cooling Systems Market are growing as more consumers and businesses seek energy-efficient and flexible solutions for indoor climate control. Ductless systems offer a convenient and cost-effective alternative to traditional HVAC systems, allowing for zoned temperature control and reduced energy consumption. The market`s expansion is influenced by the growing demand for energy-efficient heating and cooling options.
The India ductless heating and cooling systems market is witnessing robust growth due to several key drivers. Firstly, the increasing need for energy-efficient and cost-effective cooling and heating solutions is propelling the adoption of ductless systems. The country`s climate diversity, with varying temperature ranges, makes these systems highly desirable. Moreover, rapid urbanization and the construction of residential and commercial buildings further drive the market, as they often require efficient HVAC solutions. Additionally, government initiatives promoting sustainable and eco-friendly technologies, along with rising consumer awareness of environmental concerns, encourage the use of ductless systems.
The ductless heating and cooling systems market in India faces challenges due to consumer preferences and awareness. Traditional HVAC systems are more commonly used, and educating consumers about the benefits of ductless systems can be a hurdle. Additionally, the initial cost of installation and equipment may deter price-sensitive consumers.
The India ductless heating and cooling systems market faced challenges during the COVID-19 pandemic, primarily due to economic uncertainties and reduced construction activities. The lockdowns and travel restrictions affected the supply chain and delayed projects, impacting the installation of ductless systems. In addition, some consumers and businesses deferred non-essential investments in HVAC systems. However, the market also saw increased interest in ductless systems as people spent more time indoors and prioritized indoor air quality. The focus on energy efficiency and the shift towards remote work contributed to a growing awareness of ductless solutions. As the construction industry and the economy recover, the ductless heating and cooling systems market in India is expected to rebound, driven by the need for energy-efficient and flexible HVAC solutions.
In the ductless heating and cooling systems market, Mitsubishi Electric and Daikin play significant roles in India. These companies are renowned for their advanced ductless HVAC solutions, providing efficient heating and cooling options for residential and commercial spaces.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ductless Heating & Cooling Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ductless Heating & Cooling Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Ductless Heating & Cooling Systems Market - Industry Life Cycle |
3.4 India Ductless Heating & Cooling Systems Market - Porter's Five Forces |
3.5 India Ductless Heating & Cooling Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Ductless Heating & Cooling Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Ductless Heating & Cooling Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in residential and commercial buildings |
4.2.2 Growing awareness about the benefits of ductless heating and cooling systems |
4.2.3 Government initiatives promoting the adoption of sustainable heating and cooling technologies |
4.3 Market Restraints |
4.3.1 High initial installation costs of ductless heating and cooling systems |
4.3.2 Lack of skilled technicians for installation and maintenance |
4.3.3 Limited consumer awareness about the availability and benefits of ductless systems |
5 India Ductless Heating & Cooling Systems Market Trends |
6 India Ductless Heating & Cooling Systems Market, By Types |
6.1 India Ductless Heating & Cooling Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Ductless Heating & Cooling Systems Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Ductless Heating & Cooling Systems Market Revenues & Volume, By Split Systems, 2021-2031F |
6.1.4 India Ductless Heating & Cooling Systems Market Revenues & Volume, By Window Air Conditioning Systems, 2021-2031F |
6.2 India Ductless Heating & Cooling Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ductless Heating & Cooling Systems Market Revenues & Volume, By Residential Buildings, 2021-2031F |
6.2.3 India Ductless Heating & Cooling Systems Market Revenues & Volume, By Commercial Buildings, 2021-2031F |
6.2.4 India Ductless Heating & Cooling Systems Market Revenues & Volume, By and Industrial Buildings, 2021-2031F |
7 India Ductless Heating & Cooling Systems Market Import-Export Trade Statistics |
7.1 India Ductless Heating & Cooling Systems Market Export to Major Countries |
7.2 India Ductless Heating & Cooling Systems Market Imports from Major Countries |
8 India Ductless Heating & Cooling Systems Market Key Performance Indicators |
8.1 Energy savings percentage achieved by using ductless heating and cooling systems |
8.2 Number of new residential and commercial buildings opting for ductless systems |
8.3 Percentage increase in government incentives or rebates for ductless system installations |
9 India Ductless Heating & Cooling Systems Market - Opportunity Assessment |
9.1 India Ductless Heating & Cooling Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Ductless Heating & Cooling Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Ductless Heating & Cooling Systems Market - Competitive Landscape |
10.1 India Ductless Heating & Cooling Systems Market Revenue Share, By Companies, 2024 |
10.2 India Ductless Heating & Cooling Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |