Air Conditioning Systems Market Poised to Grow at a CAGR of 5.5% by 2024
Infinium Global Research has added a new report on Air Conditioning Systems Market.
The report presents analysis of global as well as regional markets of air
conditioning systems market over the period of 2016 to 2024.
Air conditioning is the process of changing the properties of
air primarily temperature and humidity to more favorable conditions. In
construction, a complete system of heating, ventilation, and air conditioning
is referred to as HVAC. The main function of an air conditioning system is
mainly to produce cool ventilation inside the building in which the heat is
taken out from a certain location to give a chilled air effect.
Improvement in housing standards is the factor driving the
growth of the air conditioning systems market. Additionally, Regulatory norms
of electrical appliances have necessitated the production of energy efficient
systems and migration from traditional equipment this in turn is fuelling the
demand for air conditioners systems market over the forecast period. On the
other hand, split air conditioners offers plenty of benefits including less
noise, low initial cost and ease of installation. However, individuals using
portable systems for trips and other outdoor activities are expected to fuel
the growth of air-conditioning systems during the forecast period.
manufacturer within the global air conditioning are adopting green technologies
and advanced technologies that are making air conditioners systems energy
efficient. This in turn is providing several opportunities for the key players
in the global air conditioning systems market. Moreover, the trend of green
technology and smart homes are expected to create several growth opportunities
for the global air conditioning systems.
Among the geographies,
Asia Pacific is dominating the global air conditioners systems market. The
demand for the air conditioners in Asia Pacific is likely driven by the India,
china, and japan. Rising number of automobile is contributing to the growth of
the Air conditioning market in Asia pacific regions. .Moreover, Europe is
anticipated to witness moderate growth owing to the growing awareness about
energy-efficient air conditioning systems in building automation, and control
has driven their demand in the European regions. On the other hand, the
changing standards of American society ongoing technological evolution, and the
presence of several regulatory policies have been accelerating the demand for
energy-efficient, technologically advanced, and eco-friendly air conditioning
systems in North America.
Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global air conditioning systems market but also make strategic decisions to
capture the most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the
global air conditioning systems market over the last couple of years, while
emerging markets of Asia-Pacific and Latin America are anticipated to
contribute significantly to the growth in the air conditioning systems market
The report segments the global air conditioning systems market
on the basis of Type and End-Use.
Global Air Conditioning Systems Market by Type
Portable Air Conditioning Systems
Cental Air Conditioning System
Split Air Conditioning Systems
Air Conditioning Systems
Global Air Conditioning Systems Market by End-Use
Companies Profiled in the Report
Haier Group Corporation
Daikin industries Ltd
Samsung Electronics Corp
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