Air Conditioning Systems Market

06 May


Air Conditioning Systems Market Poised to Grow at a CAGR of 5.5% by 2024

  • By admin

  • January, 1970

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.


 Furthermore, 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 worldwide.

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

·          Packaged Air Conditioning Systems

·         Chillers

·         Others


Global Air Conditioning Systems Market by End-Use

·         Residential

·         Commercial

·         Industrial

·         Automotive


Companies Profiled in the Report

·         Voltas Ltd

·         LG Corporation

·         Haier Group Corporation

·         Daikin industries Ltd

·         Samsung Electronics Corp

·         Carrier Corporation

·         Blue Star

·         Hitachi Ltd

·         Whirlpool Corporation 

·         Panasonic Corporation


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.


Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.