A recent report published by Infinium Global Research on air
conditioning systems market provides in-depth analysis of segments and
sub-segments in global as well as regional air conditioning systems market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional 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 air conditioning systems market. According
to the report the global air conditioning systems market is projected to grow at a
CAGR of 5.5% over the forecast period of 2018-2024.
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 are 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 offer 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 is 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 air conditioners in the Asia-Pacific is likely driven by India, China,
and Japan. Rising number of the automobile is contributing to the growth of the Air
conditioning market in Asia-Pacific regions. Moreover, Europe is anticipated
to witness a moderate growth owing to the growing awareness about
energy-efficient air conditioning systems in building automation, and control
has driven its 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.
The report on global air conditioning systems market covers
segments such as type and end-use. On
the basis of type the global air conditioning systems market is categorized
into portable air conditioning systems, central air conditioning system, split
air conditioning systems, packaged air conditioning systems, chillers and
others. On the basis of end use, the global air conditioning systems market is
categorized into residential, commercial, industrial and automotive.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global air
conditioning systems market such as Voltas Ltd, LG Corporation, Haier Group
Corporation, Daikin Industries Ltd, Samsung Electronics Corp, Carrier
Corporation, Blue Star, Hitachi Ltd, Whirlpool Corporation and Panasonic
Corporation.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global air
conditioning systems market. Moreover, 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 air
conditioning systems market. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future
trends in the air conditioning systems market that will impact 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.
This report will help manufacturers, suppliers, and distributors of the air
conditioning systems market to understand the present and future trends in this
market and formulate their strategies accordingly.
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