Air Conditioning System Market Report during 2017-2026 by Segmentation: Based on Product, Application (Industrial, Commercial and Residential) and Region (North America, Latin America, Europe, Japan, APEJ, MEA)

Demand for air conditioning systems across the globe will remain driven by growing living standards of the population, rapid rise in urbanization and global warming. Increasing awareness about indoor air quality along with the need for provisioned & well-furnished houses is further creating demand for air conditioning systems. This report, compiled by FactMR, provides in-depth analysis of the global air conditioning system market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

The scope of the FactMR’s report is to analyze the global Air Conditioning System Market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Air conditioning system manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report. In-depth analysis regarding the energy saving properties, usage benefits, and long-term maintenance is detailed in this report. The comprehensive study offers insights on various market drivers, trends, and challenges shaping the future of the market, serving as a platform for future study, interest and understanding for the leading industries, trade magazines and journals related to the global air conditioning system market.

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Remarkable expansion in the residential sector, along with growing disposable income of the population worldwide is likely to remain a key factor driving demand for air conditioning systems. In addition, falling costs of air conditioning systems have further proliferated their adoption among the rising middle-class population in emerging countries. Rapid industrialization, urbanization and mounting number of data centers are also expected to rub off on demand for air conditioning systems.

Demand for improved indoor air (IAQ) quality has gained momentum within the greater building schematic, as awareness about its criticality in promoting healthy and comfortable indoor spaces rises in parallel. Several air conditioning system manufacturers are promoting IAQ innovation further, particularly when demand for novel technologies are witnessing an upsurge. High demand for IAQ has compelled these manufacturers to focus more on quality. Mandatory regulatory compliance, expanded filter testing technology and online monitoring have resulted into higher convenience for customers. A slew of IAQ innovations have been integrated into air conditioning systems recently, which address challenges ranging from air particulate management and detection of emissions to general air exchange and fresh air intake.

With the trend toward green technologies gaining prevalence, air conditioning systems are being frowned at, albeit population across some regions cannot thrive without them owing to flaming temperature ranges. Air conditioning system is considered to be a major contributor to global warming, owing to its emission of hazardous gases into the environment such as chlorofluorocarbons (CFC) and hydro-chlorofluorocarbons (HCFC). Being a part of greenhouse gases (GHG), these have negative impacts on the environment as they trap heat and result into ozone layer depletion. In addition, air conditioning system’s air filters lose their integrity over time and enable harmful exterior compounds to flow into the interior space. This further triggers allergies, and may even lead to irritation in eyes, nose and throat in some cases.

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Sales of air conditioning systems are slated to remain the largest in North America, in terms of volume, followed by Europe. Ongoing technological innovations, and changing standards of American Society of Heating, Refrigerating and Air Conditioning, along with the presence of many regulatory policies have accelerated demand for eco-friendly, technologically advanced, and energy-efficient air conditioning systems in these regions.

Demand for air conditioning system in Asia-Pacific excluding Japan (APEJ) will remain more concentrated in its emerging countries such as India and China, mainly because of rising living standards and disposable incomes of population in these countries. Volume sales of air conditioning systems will witness the fastest expansion in APEJ through 2026.

Competition Tracking

Key players identified by the report include Petra Engg Industies Co., Lennox International, Honeywell International, Gree Electric Appliances, Samsung Electronics, Daikin Industries Ltd., and Midea Group Co. Ltd. Other prominent players in the market include Fuji Electric, Carrier Corp, Hitachi and UTC.

Table of Contents

Global Economic Outlook
Global Air Conditioning System Market - Executive Summary
Global Air Conditioning System Market Overview
3.1. Introduction

       3.1.1. Global Air Conditioning System Market Taxonomy

       3.1.2. Global Air Conditioning System Market Definition

3.2. Global Air Conditioning System Market Size (US$ Mn) and Forecast, 2012-2026

       3.2.1. Global Air Conditioning System Market Y-o-Y Growth

3.3. Global Air Conditioning System Market Dynamics

3.4. Supply Chain

3.5. PESTLE Analysis

3.6. Porter's Five Force Analysis

3.7. Regulatory Framework

3.8. Forecast Factors

Continued……………………………..

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This release was published on openPR.