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Air Conditioning System Market Set for Rapid Growth And Trend, by 2028

02-07-2019 12:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Air Conditioning System

Air Conditioning System

The global market for air conditioning system is projected to exhibit a steady CAGR through the forecast period (2017-2026), in terms of volume. Revenues from sales of air conditioning systems worldwide are estimated to surpass US$ 175,000 Mn by 2026-end.

North America to Record Highest Sales of Air Conditioning Systems in terms of Volume

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.

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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.

Past few years have represented proliferation in adoption of air conditioning systems in various commercial spaces such as clinics, hospitals, construction, and hotel & tourism, mainly driven by rapid population growth. Commercial applications of air conditioning systems will record the largest sales, in terms of volume. However, volume sales of air conditioning systems for residential applications are expected to reflect the fastest expansion through 2026.

Key Research Findings from Fact.MR’s Report

Volume sales of air conditioning systems will remain the largest in B2B sales channel, trailed by independent electronic stores
Chillers air conditioning systems are expected to remain dominant in the market, in terms of volume, with sales estimated to exceed 65,000 Mn units by 2026-end
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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.

High Demand for IAQ Compelling Air Conditioning System Manufacturers to Focus More on Quality
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. One of the latest trends being observed in the global air conditioning system market is integration of building controls and HVAC systems. This trend is likely to result into high energy efficiency in management of building systems.

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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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Table of Content Covered in the report are:

1. Global Economic Outlook

2. Global Air Conditioning System Market - Executive Summary

3. 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
3.9. List of Distributors
3.10. Key Participants Market Presence (Intensity Map) By Region

4. Global Air Conditioning System Market Analysis and Forecast 2012-2026
4.1. Global Air Conditioning System Market Size and Forecast By Product Type, 2012-2026
4.1.1. Portable Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Window Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. Split Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region
4.1.4. Cassette Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.4.1. Revenue (US$ Mn) Comparison, By Region
4.1.4.2. Market Share Comparison, By Region
4.1.4.3. Y-o-Y growth Comparison, By Region
4.1.5. Single Packaged Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.5.1. Revenue (US$ Mn) Comparison, By Region
4.1.5.2. Market Share Comparison, By Region
4.1.5.3. Y-o-Y growth Comparison, By Region
4.1.6. Chillers Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.6.1. Revenue (US$ Mn) Comparison, By Region
4.1.6.2. Market Share Comparison, By Region
4.1.6.3. Y-o-Y growth Comparison, By Region
4.1.7. Airside Air Conditioning Systems Market Size and Forecast, 2012-2026
4.1.7.1. Revenue (US$ Mn) Comparison, By Region
4.1.7.2. Market Share Comparison, By Region
4.1.7.3. Y-o-Y growth Comparison, By Region
4.2. Global Air Conditioning System Market Size and Forecast By Sales Channel, 2012-2026
4.2.1. B2B Market Size and Forecast, 2012-2026
4.2.1.1. Revenue (US$ Mn) Comparison, By Region
4.2.1.2. Market Share Comparison, By Region
4.2.1.3. Y-o-Y growth Comparison, By Region
4.2.2. Authorized Stores Market Size and Forecast, 2012-2026
4.2.2.1. Revenue (US$ Mn) Comparison, By Region
4.2.2.2. Market Share Comparison, By Region
4.2.2.3. Y-o-Y growth Comparison, By Region
4.2.3. Independent Electronic Stores Market Size and Forecast, 2012-2026
4.2.3.1. Revenue (US$ Mn) Comparison, By Region
4.2.3.2. Market Share Comparison, By Region
4.2.3.3. Y-o-Y growth Comparison, By Region
4.2.4. E-commerce Market Size and Forecast, 2012-2026
4.2.4.1. Revenue (US$ Mn) Comparison, By Region
4.2.4.2. Market Share Comparison, By Region
4.2.4.3. Y-o-Y growth Comparison, By Region
4.3. Global Air Conditioning System Market Size and Forecast By Application, 2012-2026
4.3.1. Industrial Market Size and Forecast, 2012-2026
4.3.1.1. Revenue (US$ Mn) Comparison, By Region
4.3.1.2. Market Share Comparison, By Region
4.3.1.3. Y-o-Y growth Comparison, By Region
4.3.2. Commercial Market Size and Forecast, 2012-2026
4.3.2.1. Revenue (US$ Mn) Comparison, By Region
4.3.2.2. Market Share Comparison, By Region
4.3.2.3. Y-o-Y growth Comparison, By Region
4.3.3. Residential Market Size and Forecast, 2012-2026
4.3.3.1. Revenue (US$ Mn) Comparison, By Region
4.3.3.2. Market Share Comparison, By Region
4.3.3.3. Y-o-Y growth Comparison, By Region

5. North America Air Conditioning System Market Size and Forecast, 2012-2026
5.1. North America Outlook
5.2. North America Electronics Market Outlook
5.3. North America Air Conditioning System Market Outlook
5.4. Revenue (US$ Mn) Comparison, By Country
5.4.1. US Market Size and Forecast (US$ Mn), 2012-2026
5.4.2. Canada Market Size and Forecast (US$ Mn), 2012-2026
5.5. Revenue (US$ Mn) Comparison, By Product Type
5.6. Revenue (US$ Mn) Comparison, By Sales Channel
5.7. Revenue (US$ Mn) Comparison, By Application

And Continue...

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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