United States. According to a report by Navigant Research with its study "Energy Efficiency in HVAC Systems", the development of ductless technology in the North American market over the last decade will continue for the next.
The results are based on research into global market opportunities, demand drivers, business models, regulatory policies and factors, technology aspects, and key industry players. According to the study, here's something you can expect to see:
Annual revenue from pipelineless systems will increase from $3.9 billion this year to $9 billion in 2020.
Annual revenue from global HVAC systems will increase from $17.2 billion in 2013 to $33.2 billion in 2020.
- The compound annual growth rate of pipelineless systems in the North American market is projected to be above 14% between 2013 and 2020.
- By 2020, ductless systems will account for 30% of total HVAC revenues.
