Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Ceiling Cassettes are typically a type of ductless mini split system, just like a conventional AC the indoor handler of the system which is installed on a ceiling and the air is discharged from small grills. This type of air conditioning is normally used in a commercial building such as theatre, malls and schools. This system provides exceptional coverage to the area and they are also energy efficient, based upon the requirement this cooling system can be setup as one way, two way or four ways. Due to the rapid development in urban areas such as malls and offices there is an increase in demand for this type of cooling system. Availability of new energy efficient and IOT controlled ceiling cassette is also a reason for the growth of ceiling cassette market.
As the world is moving towards urbanization and also the standard of living among people is rising, it has created a huge demand for ceiling cassette as they are widely being used today in malls, shopping complex, residential buildings, offices and government institutions. In the past ceiling cassette were expensive to install and operate and were considered a luxury. Today due to the advancement in technology and low power consuming ceiling cassette there has been a rising demand for them all over the world. Today’s ceiling cassette can be controlled via internet from a smartphone, tablets and even a computer and they are also eco-friendly and low power consuming hence it is seeing a rising demand.
The ceiling cassette market was hit hard during covid-19 as the sales dropped due to the halt in new construction projects around the world. Most of the construction projects including residential buildings, malls etc were halted as a measure to stop the spread of the virus. Hence the demand for new ceiling cassette also decreased.
The report analyses the Global Ceiling Cassette Market based on type, cooling type, capacity type, and end users.
By type, the market is segmented into ducted ceiling cassettes and ductless ceiling cassettes.
Ceiling cassette can be categorised into 3 types based on their power consumption which is 5.8 KW, 5.8-14KW and above 14 KW. A typical 5.8 KW AC cassette is of 1.5 tonnage and can have a cooling capacity of 18000 BTU/Hr and can run on a single-phase voltage of 220-240 V this type of AC are generally used for personal use such as home or small shops. 5.8 to 14 KW of cassette are generally used for small offices shops and restaurant these can run on a three phase 380-415V 50Hz of energy, they are suitable for high ceiling buildings up to 4.3m. Above 14 KW of cassette are used mostly in warehouses and cold storages they have a normal cooling capacity of Btu/h 48,000 and they can be equipped with a turbo fan to maximize their cooling capacities.
On the basis of cooling type, the ceiling cassette market can be divided into three types single out wind, two out wind and four out wind. In a single out the ceiling cassette the air conditioning has only one outlet for the cooled air to come out, this type of system is mainly used in residential buildings and homes where the area is not that big as compared to a commercial building. Two out and Four way out wind in ceiling cassette means the air conditioning will have two way or four-way outlet from which the cooled air will come out, basically this type of is used by high power cassette, and are used in commercial building as they are bigger in size and these type of four-way outlets helps in cooling down the are faster than a conventional one-way outlet.
The ceiling cassette is widely used for residential used as well as for commercial use, in residential use the cassette is used in residential buildings for personal use as well as in common lobby areas. In retail and offices also, there is a rising use for comfort of employees as well as guest this is on the rise because the technology is getting accessible and more affordable nowadays, in retail sector this cassette are widely used in malls and shopping complex also in other small outlets such as medical or speciality stores. For commercial use the ceiling cassette are used in cold warehouses which stores meat, fresh fruits and vegetables or other perishable items, this cassette helps in lowering down the temperature of the warehouse which in turn is useful to keep the products fresh for a longer duration of time.
The rising demand for ceiling cassette can be seen around the world especially in the developed countries in North American region countries such as United states and Canada. In Europe countries such as Germany, France, UK and Austria have the highest demand. But there are other emerging markets specially in middle east where this type of system are being installed at a rapid pace this can be attributed primarily due to two reason, first and foremost being the rising standard of living of people in these region and also there has been a rise in disposable income also middle eastern countries such as UAE and Qatar have a higher temperatures all time of the year as compared to other part of the world, also this part of the world is experiencing a rapid development in infrastructure such as malls, residential complex, Schools etc. The Middle Eastern region especially UAE is experiencing migration of people around the globe and this is further boosting the demand for Ceiling Cassette.
The top players in global ceiling cassette industry are Hitachi Ltd, LG Electronics, Lennox International Inc, Mitsubishi Heavy Industries, Friedrich Air Conditioning, Carrier Airconditioning & Refrigeration Ltd, Lennox International Inc, O.Y.L. Manufacturing Company Sdn. Bhd, Airwell, Johnson Controls, Panasonic Corporation, SAMSUNG and DAIKIN INDUSTRIES, Ltd.
Ceiling cassette is typically a type of ductless mini split system, just like a conventional AC the indoor handler of the system is installed on a ceiling and the air is discharged from small grills. This type of air conditioning is normally used in a commercial building such as Theatre, Malls and Schools. This system provides exceptional coverage to the area and they are also energy efficient, based upon the requirement this cooling system can be setup as one way, two way or four ways. Due to the Rapid development in urban areas such as malls and offices there is an increase in demand for this type of cooling system. Availability of new energy efficient and IOT controlled ceiling cassette is also a reason for the growth of ceiling cassette market. The top players in Global ceiling cassette industry are Hitachi Ltd, LG Electronics, Lennox International Inc, Mitsubishi Heavy Industries, Friedrich Air Conditioning, Carrier Airconditioning & Refrigeration Ltd, Lennox International Inc, O.Y.L. Manufacturing Company Sdn. Bhd, Airwell, Johnson Controls, Panasonic Corporation, SAMSUNG and DAIKIN INDUSTRIES, Ltd. The rising demand for Ceiling Cassette can be seen around the world especially in the developed countries in North American region countries such as United states and Canada. In Europe countries such as Germany, France, UK and Austria have the highest demand. But there are other emerging markets specially in middle east where this type of system are being installed at a rapid pace this can be attributed primarily due to two reason, first and foremost being the rising standard of living of people in these region and also there has been a rise in disposable income also middle eastern countries such as UAE and Qatar have a higher temperatures all time of the year as compared to other part of the world, also this part of the world is experiencing a rapid development in infrastructure such as malls, residential complex, Schools etc. The middle eastern region specially UAE is experiencing migration of people around the globe and these is further boosting the demand for Ceiling Cassette.
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