Press release
Global Packaged Air Conditioner Market Will Hit At CAGR Of 5.29% During Years 2017-2021
A packaged air conditioner is a cooling or heating system consisting of a single housing cabinet that contains all the components required for cooling, heating, dehumidification, filtering, and air handling. Packaged air conditioners account for a relatively small share of the global air conditioners market but have a significant demand in the US and China, with high potential demand in several developed and emerging markets. Their demand is expected to grow considerably over the next five years as the number of residential and commercial construction is on the rise globally, and there is rapid urban and economic growth in several countries. The rise in housing constructions across key countries and regions including China, the US, Saudi Arabia, and India, and the rise in demand for luxury goods due to improving living standards are the key factors that will spur market growth over the forecast period.
Technavios analysts forecast the global packaged air conditioner market to grow at a CAGR of 5.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged air conditioner market for 2017-2021. To calculate the market size, the report considers the demand from end-users.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Packaged Air Conditioner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Carrier
DAIKIN INDUSTRIES
Johnson Controls
Lennox International
Ingersoll Rand
Other prominent vendors
Blue Star
GREE ELECTRIC APPLIANCES
Haier
LG Electronics
Midea Group
Mitsubishi Electric
Nortek Global HVAC
Panasonic
Rheem Manufacturing Company
SAMSUNG
Voltas
Whirlpool
Market driver
Growth in global construction activities
For a full, detailed list, view our report
Market challenge
High cost of purchase and installation
For a full, detailed list, view our report
Market trend
Growing adoption of R32 refrigerant in air conditioners
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Market overview
Packaged air conditioner with water-cooled condenser
Packaged air conditioners with air-cooled condenser
PART 07: Geographical segmentation
Market overview
Americas
APAC
EMEA
PART 08: Decision framework
PART 09: Drivers and challenges
Market drivers
Market challenges
PART 10: Market trends
Growing adoption of R32 refrigerant in air conditioners
Shift toward inverter-based air conditioner technology
Stringent regulations on refrigerant use in the US and Europe
PART 11: Vendor landscape
Competitive scenario
Other prominent vendors
PART 12: Key vendor analysis
Carrier
DAIKIN INDUSTRIES
Johnson Controls
Lennox International
Ingersoll-Rand
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