Market Overview:
The global packaged terminal air conditioners (PTAC) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and cost-effective cooling solutions, especially in the commercial sector. Additionally, the growing awareness about health and environment-friendly cooling solutions is also propelling the growth of this market. The mini-split air conditioning (ductless) segment is projected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its growing popularity among consumers due to its energy efficiency and space saving features.
 Industry Outlook.svg)
Product Definition:
Packaged Terminal Air Conditioners (PTAC) are self-contained heating and cooling units typically used in hotel or motel guest rooms. The importance of PTACs is that they provide a consistent climate for guests, regardless of the outdoor weather conditions.
Mini-split Air Conditioning (ductless):
Mini-split air conditioning (MSAC) is a new term in the terminal air conditioning industry. It was initially used to refer to systems without central ducts that are installed in private homes and small commercial places. Mini-split technology has been evolving for over a decade with numerous technological advancements taking place since its inception. The latest advances have led to the development of MSAC devices, which can be easily integrated into PTAC units making them more powerful and efficient while reducing their size significantly.
Central Air Conditioning (ducted):
Central air conditioning is a system which is used to condition the air that is taken in from the outside and distributed via various rooms using terminal units. It has various applications such as data centers, commercial buildings, educational institutions, healthcare facilities and residential places. Central air conditioning can be segmented into two types: Duct-less and ducted.
Application Insights:
The commercial segment dominated the global packaged terminal air conditioners market, accounting for more than 60.0% share of the overall revenue in 2017. The growth can be attributed to the growing number of airports and seaports across various regions. In addition, a growing number of cruise ships is expected to contribute towards segment growth over the forecast period.
Household application is projected to grow at a CAGR exceeding 5% from 2018 to 2030 owing to rising demand for energy-efficient products with enhanced features and functionalities that meet individual household comfort requirements in different climate zones globally. Moreover, increasing urbanization along with rising living standards has created a need for larger homes equipped with advanced systems that provide optimal temperature control throughout the year without having any external repairs or maintenance tasks required. PTACs fulfill this requirement as they are designed and manufactured according these specific energy efficiency standards set by regional regulatory authorities worldwide since 2015 regarding residential buildings HVAC systems (heating, ventilation & cooling).
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing demand for energy-efficient products. The region is expected to witness moderate growth over the forecast period, with a CAGR of XX% from 2018 to 2030. This can be attributed to rising awareness regarding cost-saving and comfort benefits among consumers, along with stringent government regulations on energy consumption.
Asia Pacific market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly cooling solutions
- Growing popularity of hotel and hospitality industry
- Rising disposable income of consumers in developing countries
- Proliferation of smart buildings and green infrastructure projects
- Technological advancements in PTAC products
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Terminal Air Conditioners (PTAC) Market Research Report
By Type
Mini-split Air Conditioning (ductless), Central Air Conditioning (ducted)
By Application
Household, Commercial
By Companies
LG Electronics, Daikin, Gree, Midea, Mitsubishi Electric, United Technologies, Fujitsu, Haier, Lennox International, Samsung Electronics, LG Electronics, Voltas, Whirlpool, YORK, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Terminal Air Conditioners (PTAC) Market Report Segments:
The global Packaged Terminal Air Conditioners (PTAC) market is segmented on the basis of:
Types
Mini-split Air Conditioning (ductless), Central Air Conditioning (ducted)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG Electronics
- Daikin
- Gree
- Midea
- Mitsubishi Electric
- United Technologies
- Fujitsu
- Haier
- Lennox International
- Samsung Electronics
- LG Electronics
- Voltas
- Whirlpool
- YORK
- Panasonic
 Market Overview.svg)
Highlights of The Packaged Terminal Air Conditioners (PTAC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mini-split Air Conditioning (ductless)
- Central Air Conditioning (ducted)
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Packaged Terminal Air Conditioners (PTAC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Packaged Terminal Air Conditioners (PTACs) are a type of air conditioning system that is typically installed in airports and other large, enclosed spaces. PTACs use refrigerant to cool the air, and they are often more efficient than traditional AC units.
Some of the major players in the packaged terminal air conditioners (ptac) market are LG Electronics, Daikin, Gree, Midea, Mitsubishi Electric, United Technologies, Fujitsu, Haier, Lennox International, Samsung Electronics, LG Electronics, Voltas, Whirlpool, YORK, Panasonic.
The packaged terminal air conditioners (ptac) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged Terminal Air Conditioners (PTAC) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Packaged Terminal Air Conditioners (PTAC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged Terminal Air Conditioners (PTAC) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Packaged Terminal Air Conditioners (PTAC) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Packaged Terminal Air Conditioners (PTAC) Market Size & Forecast, 2018-2028
4.5.1 Packaged Terminal Air Conditioners (PTAC) Market Size and Y-o-Y Growth
4.5.2 Packaged Terminal Air Conditioners (PTAC) Market Absolute $ Opportunity
Chapter 5 Global Packaged Terminal Air Conditioners (PTAC) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
5.2.1 Mini-split Air Conditioning (ductless)
5.2.2 Central Air Conditioning (ducted)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Terminal Air Conditioners (PTAC) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Terminal Air Conditioners (PTAC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Packaged Terminal Air Conditioners (PTAC) Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
9.6.1 Mini-split Air Conditioning (ductless)
9.6.2 Central Air Conditioning (ducted)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Packaged Terminal Air Conditioners (PTAC) Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
10.6.1 Mini-split Air Conditioning (ductless)
10.6.2 Central Air Conditioning (ducted)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Packaged Terminal Air Conditioners (PTAC) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
11.6.1 Mini-split Air Conditioning (ductless)
11.6.2 Central Air Conditioning (ducted)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Packaged Terminal Air Conditioners (PTAC) Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
12.6.1 Mini-split Air Conditioning (ductless)
12.6.2 Central Air Conditioning (ducted)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Packaged Terminal Air Conditioners (PTAC) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Type
13.6.1 Mini-split Air Conditioning (ductless)
13.6.2 Central Air Conditioning (ducted)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Packaged Terminal Air Conditioners (PTAC) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Packaged Terminal Air Conditioners (PTAC) Market: Competitive Dashboard
14.2 Global Packaged Terminal Air Conditioners (PTAC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG Electronics
14.3.2 Daikin
14.3.3 Gree
14.3.4 Midea
14.3.5 Mitsubishi Electric
14.3.6 United Technologies
14.3.7 Fujitsu
14.3.8 Haier
14.3.9 Lennox International
14.3.10 Samsung Electronics
14.3.11 LG Electronics
14.3.12 Voltas
14.3.13 Whirlpool
14.3.14 YORK
14.3.15 Panasonic
