Non-Ducted Floor Mounted Indoor Unit Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Non-Ducted Floor Mounted Indoor Unit Market Size and Opportunity Analysis
The global non-ducted floor mounted indoor unit market was valued at approximately USD 4.3 billion in 2022. This segment is expected to witness substantial growth with a compound annual growth rate (CAGR) of around 7.1% from 2022 to 2030. The increasing demand for energy-efficient and cost-effective HVAC solutions, driven by rising construction activities and renovation projects, is a key factor fueling this growth. Additionally, the integration of advanced technologies such as IoT and smart controls in these units is enhancing their appeal and driving market expansion.
Opportunities in the market are further bolstered by growing urbanization and the rising need for climate control solutions in residential, commercial, and industrial sectors. Emerging markets in Asia-Pacific and Latin America present significant growth prospects due to rapid urbanization, improving infrastructure, and increasing disposable incomes. These regions are witnessing a surge in demand for non-ducted floor mounted indoor units, which is expected to propel the market forward. The shift towards sustainable and efficient cooling systems offers ample opportunities for innovation and market penetration.
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Who are the largest Global manufacturers in the Non-Ducted Floor Mounted Indoor Unit industry?
- Johnson Controls (York)
- Carrier
- Hitachi
- Ingersoll Rand PLC
- Mitsubishi Electric
- LG
- Lennox International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Non-Ducted Floor Mounted Indoor Unit Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Non-Ducted Floor Mounted Indoor Unit Market
- Hospital
- School
- Market
- Others
What are the types of Non-Ducted Floor Mounted Indoor Unit available in the Market?
Based on Types the Market is categorized into Below types that held the largest Non-Ducted Floor Mounted Indoor Unit market share In 2023.
- Below 1.3 Tons
- Above 1.3 Tons
Which regions are leading the Global Non-Ducted Floor Mounted Indoor Unit Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Non-Ducted Floor Mounted Indoor Unit Market Research Report, 2024-2032
1. Introduction of the Global Non-Ducted Floor Mounted Indoor Unit Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Non-Ducted Floor Mounted Indoor Unit Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Non-Ducted Floor Mounted Indoor Unit Market, By Type
6. Global Non-Ducted Floor Mounted Indoor Unit Market, By Application
7. Global Non-Ducted Floor Mounted Indoor Unit Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Non-Ducted Floor Mounted Indoor Unit Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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