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Split Air Conditioning Systems Market Region Boasts Rapid Technological Advancements

03-29-2017 07:05 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Split Air Conditioning Systems Market, Global Split Air Conditioning Systems Market

Split Air Conditioning Systems Market, Global Split Air Conditioning Systems Market

The “Split Air Conditioning Systems Market” report provides analysis of the global split air conditioning systems market for the period 2014–2024, wherein the years from 2016 to 2024 is the forecast period and 2015 is considered as the base year. The report precisely covers all the major trends and developments playing a major role in the split air conditioning systems market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market growth during this period.

The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Bn) and volume (Mn units), across different geographies, which includes Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). An in-depth analysis of various geographical regions is going to provide a precise and detailed understanding of the global split air conditioning systems market over the forecast period.

The market overview section of the report showcases the market’s dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The market revenue shares and volume analysis of the split air conditioning systems market has been examined through cross-segmentation and sub-segment evaluations. Moreover, the report provides the overview of various strategies of the key players in the split air conditioning systems market and analyzes their behavior in the prevailing market dynamics.

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http://www.transparencymarketresearch.com/split-air-conditioning-systems-market.html

Of the key varieties of air conditioning equipment examined in the report, namely mono-split, multi-split, VRF (variable refrigerant flow), and floor ceiling air conditioning systems, the segment of mono-split air conditioning systems accounted for about 70% of the market in terms of revenue and approximately 90% of the market in terms of volume in 2015. It is also expected to remain the dominant product segment throughout the forecast period owing to rising domestic and commercial demand.

The segment of VRF air conditioning systems, which accounted for a mere 1.7% of the market in terms of volume and a 17.6% in terms of revenue contribution to the global market in 2015, is expected to exhibit the dominant CAGR of 6.4% over the forecast period. Factors such as efficient design and performance are expected to work in favor of this type of split air conditioners in the near future.

In terms of geography, Asia Pacific and North America are expected to be the potential growth markets for split air conditioning systems in the coming years. In North America, the market’s growth will be chiefly governed by the recent changes made to the standards of American Society of Heating, Refrigerating and Air Conditioning. The U.S. will continue to be the leading consumer of split air conditioner systems in North America throughout the forecast period.

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http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16205

Europe is also expected to be a significant market for split air conditioning systems in the near future, exhibiting a 6.6% CAGR from 2016 through 2024. Increasing awareness about energy-efficient air conditioning systems will be the prominent growth driver of the Europe split air conditioning systems over the said period. Russia is expected to contribute significantly to the market’s growth owing to factors such as improving economic conditions, uncertainty in climatic changes, and growing construction activities in the residential, industrial and commercial sectors.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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