Executive Summary On Solar Air Conditioning Market Strategy 2021
The use of solar air conditioning systems for a comfortable lifestyle is increasing day by day. Moreover, solar air conditioning systems have several benefits over conventional air conditioning systems that operate on electricity such as low operational cost and low maintenance. Increasing impact of greenhouse gases on global warming has also led to high adoption of solar air conditioning systems. Moreover, increasing government initiatives and tax benefits offered in various countries is also expected to boost the market growth.
The global solar air conditioning market is estimated to exhibit a CAGR of 9.3% over the forecast period (2018-2026).
Solar air conditioners can be found in hybrid systems as well as fully solar-powered absorption chillers, the latter of which can operate without the use of any external power. Choosing a solar-powered air conditioning system has a number of advantages, both financially and environmentally. Solar energy has the potential to provide energy to both homes and businesses on a global scale. Solar panels and solar converters convert the sun’s radiant energy into usable alternating current, which can be used to power any electrical appliance or system in a home.
Benefits of Solar Air Conditioning
- Increases the value of your property
- Saves on bills to make up for the initial costs
- With peak load shifting it reduces the overall energy demand
- Reduced greenhouse gas emissions
Solar Air Conditioning Market Competition Analysis:-
Lennox, Videocon, Harvest Air Conditioner, HotSpot Energy Inc., Aussie Solar World, Solair World International, Icesolair, Gree, Midea Group Onyx Solar ac, and others.
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Key Market Segmentation:-
- Global Solar Air Conditioning Market, By Power Source:
- Hybrid Solar A/C
- 100% Grid off A/C
- Global Solar Air Conditioning Market, By Product Type:
- Split Solar A/C
- Window Solar A/C
- Cassette Solar A/C
- Floor Standing Solar A/C
- Global Solar Air Conditioning Market, By Capacity:
- 1 Ton
- 1.5 Ton
- 2 Ton and Above
- Global Solar Air Conditioning Market, By End User:
- Residential
- Commercial
- Industrial
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Major Offering of the Report:-
- Top influencing factors: An in-depth examination of the driving forces, upcoming opportunities, and challenges.
- Current trends and drifts: A thorough examination of recent Solar Air Conditioning Market trends and forecasts for the next few years in order to make a tactical, well-planned decision
- Segmental investigation: a thorough examination of each segment and its growth factors, as well as the estimation of growth rates.
- Geographical analysis: Detailed analyses of the Solar Air Conditioning Market potential in each province, allowing market participants to maximize market opportunities.
- Competitive scenario: An in-depth examination of the industry’s frontrunners.
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