Ducted Air Conditioning Unit Market is Projected to Grow at a CAGR of 6% by 2024

Posted by Marsh William on March 22nd, 2019

The Ducted Air Conditioning Market is projected to grow at a CAGR of about 6% owing to increasing awareness and requirement for energy efficiency. Regulatory norms in various countries have necessitated the manufacture of energy efficient systems and innovation in the traditional systems. These energy efficient systems help domestic and industrial consumers as reduction in energy ratings bring down their electricity bills.

Enhanced product development coupled with technological proliferation is expected to have a positive impact on the industry growth. Consumer’s living standards in emerging countries are improving and so is their infrastructure spending. Adverse weather conditions in the Asia-Pacific region and increase in disposable income of consumers is expected to spur the industry growth in the near future. Ducted air conditioners provide with climate control solutions for whole office or home. These air conditioners have central temperature and zone control with set and forget timers that provides for easy control. Each room’s temperature can be adjusted accordingly.

Its feature of providing even air distribution in whole house and office is anticipated to drive the market over the forecast period. Consumer’s focusing on aesthetics of their house or office prefers these air conditioner units as only ceiling or floor mounted grills are visible inside the area. Increasing use of these air conditioners in offices owing to their various cabinets and requirement of different temperature control for each cabinet is to have a positive impact on the industry growth.

High installation for domestic purposes in developed countries such as Europe and U.S. owing to the policy of some companies to allow ‘work from home’ and more of day care centers is to boost the market over the forecast period. Furthermore, regions with high humidity in all seasons require air conditioning at all time. Also, air conditioning helps in removal of dust and micro-organisms that keep the air clean and in turn have a positive impact on the market growth. The feature of air conditioner to keep room warm in winters as well is to boost the market over the forecast period. It has been found by some researchers that in comfort conditions the working efficiency and concentration of individual increases and thus accelerate the market growth in the long run. In addition, ducted air conditioners are considered to be quietest among all the air conditioning options. This may accelerate the market growth over the forecast period.

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