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Commercial Air Conditioning Systems Market (Type - Single-split System, Multi-split System, and VAV/CAV system; End User - Healthcare, Retail, Logistics, Manufacturing, Government, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : November, 2021

  • Rep Id : EIM0300

  • Category : Energy, Mining and Infrastructure

  • Status : Published

A recent report published by Infinium Global Research on the commercial air conditioning systems market provides in-depth analysis of segments and sub-segments in the global as well as regional commercial air conditioning systems market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional commercial air conditioning systems market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global commercial air conditioning systems market. According to the report, the global commercial air conditioning systems market is projected to grow with a healthy CAGR over the forecast period of 2021-2027.


Commercial Air Conditioning Systems Market

 

Market Insight

Air Conditioning helps in maintaining the temperature of surroundings in closed settings.  Air conditioners have penetrated both residential and commercial sectors. With successful adoption in residential areas, the commercial sectors are also widely adopting air conditioning systems. Commercial air conditioning systems differ in functionality. Hospitality, healthcare, logistics, commercial office spaces require different sets and configuration of air conditioning systems. The commercial air condition systems market is accompanied by secondary markets of repair and maintenance.

 

The growth in commercial infrastructure has boosted the demand and growth of the market.  Newly created commercial buildings, malls, hotels, hospitals require fully functioning and robust air conditioning systems. The environment in these commercial complexes is effectively managed through air condition systems.  Thus, this is creating a huge demand in the market. Growing levels of pollution have also forced many commercial spaces to install new air conditioning systems that have air purifying capabilities. To keep the air flowing in these commercial spaces has become extremely important. Thus, this factor is also effectively driving the market. The only restraint the market faces is the huge costs associated with the maintenance and repair of these systems in the long run. Constant maintenance of these systems is required to keep them running. New opportunities are expected to arise as technological advancements in the market are expected to take place.  


Asia-Pacific is expected to dominate the market over the forecasted period. The commercial infrastructure in India has been on the rise in recent years. The economic prosperity and success of businesses at a global level from the region have boosted the demand for infrastructure. Also, the pharmaceutical sector has been on expansion, thus creating the need for refrigerated air conditioning systems. North America is expected to grow at the fastest pace. Commercial air conditioning systems manufactures have a wide presence in the market. Also, the region has advanced commercial infrastructure. On the other hand, the region has been a leader in the innovation of new technologies in the market.

 

Segment Covered

The report on global commercial air conditioning systems market covers segments such as type, and end user. On the basis of type, the sub-markets include single-split system, multi-split system, and VAV/CAV system. On the basis of end user, the sub-markets include healthcare, retail, logistics, manufacturing, government, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Haier Inc, Mitsubishi Electric Corp., General Electric Company, Robert Bosch GmbH, Carrier Global Corp., EDPAC International, Lennox International Inc., Nortek Global HVAC LLC, and Hitachi Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the commercial air conditioning systems market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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