Skip to main content

Air Conditioning Systems Market Size, Demand, Trends, Key Players and Growth Opportunities Forecast to 2023

The climatic changes, government mandates for using environment friendly refrigerant, in addition to increasing middle class population in developing countries are the predominant growth drivers for the air conditioning systems market. Moreover, the stringent government mandates for energy efficient models has led to the replacement of existing air conditioning systems in the developed regions, such as North America and Europe.
Image result for Air Conditioning Systems
Latin America, Middle-East, and Africa have shown fastest growth over the past few years, owing to higher AC penetration in Brazil, Argentina, South Africa, and UAE, along with small market base of AC systems in the region. Brazil is expected to be the third largest market of single split air conditioning systems by the end of 2020. The El Niño phenomenon is the major growth driver for the Brazilian market.
Asia-Pacific dominated the global air conditioning systems market. China and Japan are two of the largest market in the region, which accounted for more than 75% of the total regional share. The demand of split system in Asia-Pacific witnessed highest growth, owing to the popularity of ducted split air containing system, in addition to growing adoption of variable refrigerant flow (VRF).
The market for conventional signal wall mount and small floor standing are heading towards maturity, and the growth of these variants is expected to be fairly slow during the forecast period. Asia- Pacific is witnessing above average growth, owing to the increasing demand from Myanmar, China, India, and Malaysia. The demand of air conditioning systems from Japan and Australia is expected to witness moderate growth, during the forecast period. The commercial and industrial sector is expected to be two major end users in the global air conditioning systems market. Automotive sector in expected to be the major end user of the air conditioning systems market, among the others commercial segment during the forecast period.
Some of the competitors in the market are Samsung Electronics, Mitsubishi Corporation, Daikin Industries Ltd., LG Electronics, Panasonic, Hitachi Ltd., Carrier Corporation, and Denso Corporation.
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact: 
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: www.psmarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Asia-pacific (APAC) Commercial Refrigeration Equipment Market Size, Share and Growth Drivers by 2023

The  APAC commercial refrigeration equipment market  is projected to reach $24.4 billion by 2023 and and is forecasted to witness a CAGR of 9.3% during 2018–2023. Growing food and beverage industry, and increasing urbanization are the key factors driving market growth. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/asia-pacific-commercial-refrigeration-equipment-market/report-sample On the basis of end user, the APAC commercial refrigeration equipment market has been categorized into hotels/restaurants & catering, supermarkets, hypermarkets, convenience stores, e-commerce and others, wherein ‘others’ include hospitals; educational institutions; large pharmaceutical stores; and medical and life sciences. In terms of value, China dominated the APAC commercial refrigeration equipment market, during the historical period and is expected to continue holding the largest share, during the forecast period. Th...
Post a Comment
Read more

Distributed Fiber Optic Sensor Market Analysis, Future Trends, Key Players and Growth Drivers by 2023

The global  distributed fiber optic sensor market  is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period. Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/distributed-fiber-optic-sensor-market/report-sample Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future. Based on application, distributed fiber optic sensor market can be classifie...
Post a Comment
Read more

Connected Logistics Market Size, Share, Trends, Demand and Growth Opportunities by 2023

The global connected logistics market is growing at a CAGR of 33.0% during 2017 - 2023 and will reach $73.8 billion by 2023. Due to significant growth in technologies such as IoT, advancement in big data analytics, and real time monitoring, the global connected logistics market is gaining traction. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/connected-logistics-market/report-sample Asset management has been the largest software market in the global connected logistics market. Among various platforms, application management witnessed the highest growth in demand and this segment is expected to continue leading the growth of the market during the forecast period. Retail industry has been the highest user of connected logistics market. However, the market is expected to witness fastest growth in demand from IT and telecom industry, during the forecast period. Geographically, North America has been the largest market fo...
Post a Comment
Read more