According to the latest IMARC Group report entitled “Air conditioning market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2020-2025 “ the globe The air conditioning market size grew with a CAGR of around 10.6% in the period 2014-2019. Air conditioning makes it easy to dissipate heat and moisture in an enclosed space to change the overall temperature. The heat is replaced from the given area with cooled dry air, while the hot air and moisture are expelled into the atmosphere. The system prevents the ingress of smoke or dust particles and helps improve the comfort of residents by creating a regulated indoor environment. Consisting of fans, compressors, condenser coil, evaporator coil, and chemical refrigerants, the proper thermal conditions and superior indoor air quality of these systems help improve human efficiency and maintain proper health functions. As a result, they have proven to be an indispensable part in domestic, commercial, and industrial settings.
Request a free sample report: https://www.imarcgroup.com/air-conditioning-system-market/requestsample
Market trends:
The global market is primarily driven by the concurrence of numerous factors, including rapid urbanization, rising disposable incomes, changing lifestyles and changing climatic conditions. This has led to a significant increase in the acceptance of air conditioning systems, especially in the residential sector. Accordingly, the growing world population has contributed to the growth in the construction of residential projects, which is expected to drive market growth. In addition, significant growth in the tourism sector is also catalyzing market growth. The increasing influx of foreign tourists has led numerous countries to build hotels, auditoriums, multiplexes and shopping complexes in order to improve their existing infrastructure. Air conditioning is critical to providing comfort to tourists, which in turn affects their spending behavior. That said, these systems are widely used in many organizations to improve working conditions and increase overall employee productivity. In addition, an increased focus on sustainable development has led to increased demand for energy efficient air conditioning, which creates further positive prospects for the market. Numerous manufacturers have also developed intelligent and networked variants that are becoming increasingly important for users. These variants are integrated into advanced technologies and can be operated using voice commands. Due to the above factors, strong growth of the market is expected for the period 2020-2025.
Market division by technology::
- Converter
- Not inverters
- automobile
Represent the largest automotive market share based on technology type.
Market split by product type::
- Uniformly
- top, roof
- PTAC
- Other
Market split by end user::
- Residential
- Commercially
- Industrial
Market division according to sales channels::
- Specialty stores
- Supermarkets and hypermarkets
- On-line
- Other
Competitive Landscape Key Player:
- HAIER ELECTRONI / ADR
- Carrier Corporation (UTX)
- DAIKIN INDUSTRI / ADR
- Electrolux North America Inc.
- 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..
Ask the analyst for instant discount and download the full report with the list of images: https://bit.ly/2y0wy8d
As the novel coronavirus crisis (COVID-19) takes over the world, we continuously track changes in markets as well as consumer buying behavior worldwide, and our estimates of the latest market trends and forecasts are made after examining the impact of this pandemic.
We update our reports when you need the latest primary and secondary data (2021-2026) with cost module, business strategy, sales channel, etc. Click Get a Free Sample Report. The published report will be delivered to you in PDF format via email within 24 to 48 hours of receipt of full payment.
Associated report from IMARC group::
https://www.imarcgroup.com/submersible-pumps-market
https://www.imarcgroup.com/spirometer-market
https://www.imarcgroup.com/mattress-market
https://www.imarcgroup.com/vegan-food-market
https://www.imarcgroup.com/ketogenic-diet-food-market
https://www.imarcgroup.com/unmanned-ground-vehicles-market
https://www.imarcgroup.com/aramid-fiber-market
https://www.imarcgroup.com/chemical-logistics-market
https://www.imarcgroup.com/caprolactam-market
https://www.imarcgroup.com/drilling-completion-fluids-market
about us
The IMARC Group is a leading market research company offering management strategy and market research worldwide. We work with clients in all industries and regions to identify their most valuable opportunities, address their key challenges, and transform their businesses.
IMARC’s information products include key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology companies. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the forefront of the company’s expertise.
Contact us
IMARC group
30 N Gould St Ste R.
Sheridan, WY 82801 USA
E-mail: [email protected]
Tel .: (D) +91 120 433 0800
America: – +1 631 791 1145 | Africa and Europe: – + 44-702-409-7331 | Asia: + 91-120-433-0800, + 91-120-433-0800
