Press release
Air Conditioners Market to Cross $ 231 Billion by 2023: TechSci Research
Global Air Conditioners Market
According to TechSci Research report, “Global Air Conditioners Market By Product Type, By Region, Competition Forecast & Opportunities, 2013-2023”, the global air conditioners market is projected to reach $ 231 billion by 2023, on account of improving lifestyle of middle class population, increasing disposable income of consumers and changing climatic conditions resulting in high temperature and humidity levels, globally. Moreover, global construction output is growing at a rapid pace and the same trend is likely to continue during forecast period as well, thereby boosting demand in the global air conditioners market. Additionally, growing travel & tourism and hospitality sectors across the globe is further pushing deployment of new air conditioners in hotels, airports and other commercial areas. Furthermore, rising technological advancements in air conditioners such as emergence of inverter technology and air purification technology, would further steer growth in global air conditioners market during forecast period.
Browse 235 market data Figures and Tables spread through 158 Pages and an in-depth TOC on "Global Air Conditioners Market"
https://www.techsciresearch.com/report/global-air-conditioners-market/3709.html
Light commercial air conditioners, which include splits air conditioners, cassettes, window air conditioners and concealed ductable splits, dominate the global air conditioners market due to their growing demand from residential and commercial sectors. Furthermore, a major demand for air conditioners is emanating from Asia-Pacific due to high demand from countries like China, Japan and India. However, Middle East & Africa is anticipated to emerge as the fastest growing market for air conditioners in the coming years across the globe. Some of the leading players operating in global air conditioners market include Daikin Industries, Ltd., Gree` Electrical Appliances, Inc. of Zhuhai, and United Technologies Corporation, among others.
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“Rapid economic development across emerging economies, especially BRICS and Middle East countries, is anticipated to boost growth in global air conditioners market. Moreover, growing demand for energy efficient air conditioners across the globe is leading to replacement of old conventional air conditioners with newer ones. Additionally, leading air conditioner manufacturers such as LG, Samsung, Carrier, Daikin, etc., are offering air conditioners with built-in air purifiers, which are gaining popularity among consumers due to their dual features. Also, average cost of purchasing an air purifier based air conditioners is comparatively lower than the average individual prices of air conditioners and air purifiers. All these aforementioned factors are anticipated to fuel growth in global air conditioners market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Air Conditioners Market By Product Type, By Region, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of global air conditioners market and provides statistics and information on market structure, size, share and future growth of global air conditioners market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities in global air conditioners market.
Browse Related Reports
India Air Conditioners Market By Product Type (Light Commercial Air Conditioners, Ductable Splits, VRF, Chillers, and Others), By End Use Sector (Residential, Commercial and Industrial), Competition Forecast & Opportunities, 2013 – 2023 https://www.techsciresearch.com/report/india-air-conditioners-market/3319.html
Indonesia Air Conditioners Market By Product Type (Light Commercial, Chillers, VRF, etc), By End Use Sector (Residential & Commercial/Industrial), By Distribution Channel, By Season, By Price Segment, Competition Forecast & Opportunities, 2013-2023 https://www.techsciresearch.com/report/indonesia-air-conditioners-market/3112.html
Global Air Purifier Market By Filter Type (HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA & Others), By End User (Commercial, Residential & Industrial), By Region, Competition Forecast & Opportunities, 2013 – 2023 https://www.techsciresearch.com/report/global-air-purifier-market/3073.html
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
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