Press release
Top revenue impacting factors that are dominating smart cooling system market by 2022
Smart Cooling Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $137,548 million by 2022, registering a CAGR of 52.4% during the period 2014 - 2022.
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The demand for smart cooling systems is gaining traction especially from residential and commercial sectors owing to increase in need for effective and efficient cooling systems in smart cities and data centers, respectively. This trend is projected to continue in the future and drive the market growth.
Europe was the highest revenue contributor in 2014, accounting for around 35% share of the overall smart cooling systems market size. The Asia-Pacific market is projected to grow at the highest CAGR of 59.1% during the forecast period owing to increased penetration of smart air-conditioners and smart refrigerators in residential as well as commercial sectors.
High Impacting Factors:
• Technological advancement and increased awareness
• Changing Lifestyle and consumer shift towards smart cooling systems
• Increase in adoption of smart cooling systems
• Rise in demand for efficient smart cooling systems
• High initial investment
• Lack of supportive programs especially in emerging markets
Opportunities:
• Smart homes in emerging markets
• Tie-ups or long term contracts with government
Key Benefits
• The study provides an in-depth analysis of the global smart cooling systems market along with current trends and future estimations to elucidate the imminent investment pockets.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the smart cooling systems market.
• The report provides information of key drivers, restraints, and opportunities along with their impact analysis.
• Quantitative analysis of the current market and forecast for the period of 2014‐2022 is provided to highlight the financial appetency of the smart cooling systems market.
• Porter’s Five Forces analysis illustrates the potency of buyers and suppliers that participate in the market.
• Value chain analysis provides a clear understanding on the roles of stakeholders.
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Some of the key players operating in the smart cooling systems market include Mitsubishi Electric Corporation, LG Electronics Ltd., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Daikin Industries Ltd., Voltas Ltd., Fujitsu General Ltd., Blue Star Ltd., Friedrich Air Conditioning Co., Ltd., and Electrolux AB.
About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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