IMARC Group’s latest research report, titled “Air Conditioning System Market Report 2022: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast Till 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. An air conditioning (AC) system is a machine that removes the heat from a confined space, cools the air, and removes minimizes humidity. It comprises a compressor, condenser, expansion valve, and evaporator. It is widely deployed at across homes, shopping centers, hospitals, colleges, commercial spaces, and other entertainment centers for regulating the temperature.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Players Included in Global Air Conditioning System Market Research Report:
- 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.
Industry Trends:
The global market is primarily driven by the a significant rise in product demand in across hot and arid areasregions. This is supported by the altering climatic conditions across the globe and inflating disposable income levels of the masses. Furthermore, an increase inthe growing environmental concerns among the masses haves led to the deployment of energy-efficient AC systems globally. Apart from this, the increase in the construction ofthe rapid expansion of residential as well as commercial buildings segments is positively influencing the market growth. Moreover, the surge in the economic growth of the countries is leading to an increase in demand for air conditioning (AC) systems to improve the standard of living. Additionally, rapid urbanization, significant growth in the tourism industry is providing a thrust to the market growth. Other factors, including inflating disposable income, rapid urbanization, infrastructural development, and the introduction of product variants with advancements of latest technologies innovative features are also creating a positive outlook for the market.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by product type, distribution channel, technology and end use.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Air Conditioning System Market
- Strategies of major players and product offerings
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Key Market Segmentation:
Market Breakup by Technology:
Market Breakup by Product Type:
- Unitary
- Rooftop
- PTAC
- Others
Market Breakup by End-User:
- Residential
- Commercial
- Industrial
Market 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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