Air Conditioning System Market
SHERIDAN, WYOMING, UNITED STATES, October 10, 2022 /EINPresswire.com/ — According to IMARC Group’s latest research report, titled “Air Conditioning System Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global air conditioning system market is expected to exhibit a CAGR of 6.3% during 2022-2027. The air conditioning systems enables controlling and monitoring temperature, humidity, and air movement in a specific space. It includes an automatic cleaning mechanism to shield the appliance from moisture, dust, and mold. It uses an inverter compressor technology, which is said to provide faster cooling and more extended compressor durability and can adjust cooling capacity depends on the number of people in a room to save energy. Various types of air conditioning systems available in the market are mini split AC, window AC, and central AC, among others.
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Top Air Conditioning System Manufacturers Worldwide:
• Carrier Corporation
• DAIKIN INDUSTRIES, Ltd.
• Electrolux North America, Inc.
• Haier Group Corporation
• Hitachi-Johnson Controls Air Conditioning Inc
• Lennox International Inc.
• LG Electronics Inc
• Midea Group Co., Ltd.
• Mitsubishi Electric Corporation
• Panasonic Corporation
• Samsung Electronics Co. Ltd.
Global Industry Demand:
The global market is majorly driven by increasing demand for energy-efficient air conditioning systems. In line with this, incorporating air filters into air conditioners to improve air quality by removing pollutants like dust and dirt is another growth-inducing factor. Furthermore, inflating disposable incomes and the availability of air conditioners in various sizes and designs are positively influencing the market. Apart from this, rising temperatures brought on by global warming are favoring the market growth. Moreover, the introduction of technologically advanced air conditioners (AC), such as air conditioners with air purification technologies and inverter technology, is creating a positive outlook for the market. Besides this, the construction of residential units, shopping centers, hospitals, hotels, theaters, and auditoriums has increased over time, especially in developing countries. This has catalyzed the need for air conditioning systems for cooling and sustaining indoor air quality, driving the market. Additionally, rapid urbanization and growing demand for commercial spaces are providing a boost to the market.
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Key Market Segmentation:
Breakup by Technology:
• Inverter
• Non-Inverter
Breakup by Product Type:
• Unitary
• Rooftop
• PTAC
• Others
Breakup by End-User:
• Residential
• Commercial
• Industrial
Breakup by Distribution Channel:
• Specialty Stores
• Supermarkets and Hypermarkets
• Online
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Air Conditioning System Market Research Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Air Conditioning System Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
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Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here
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October 10, 2022, 07:18 GMT
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