Solar Air Conditioning Market Boomed by Top Keyplayers Lennox, Videocon, Harvest Air Conditioner, HotSpot Energy Inc., Aussie Solar World, Solair World International, Icesolair, Gree, Midea Group Onyx Solar ac, and others.

Global solar air conditioning market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to changing lifestyle and demand for increasing comfort among people and increasing government initiatives to enhance the share of solar energy in power consumption.

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Increasing environmental concerns to save electricity among people and organizations has helped the solar air conditioning market to grow at a substantial rate. Moreover, demand for solar air conditioning systems is increasing due to increasing global temperature in the recent past. For instance according to National Oceanic and Atmospheric Agency (NOAA )data, the 2017 average global temperature across land and ocean surface areas was increased by 0.84°C (1.51°F).

Increasing demand for solar air conditioning systems among small and medium sized enterprises in emerging economies of Asia Pacific is expected to boost the market growth

Asia Pacific held dominant position in the global solar air conditioning market in 2017, and it is projected to retain its dominance throughout the forecast period. This is owing to rapid developing economies and growing disposable income in this region.

Major players operating in the global solar air conditioning market include, Lennox, Videocon, Harvest Air Conditioner, HotSpot Energy Inc., Aussie Solar World, Solair World International, Icesolair, Gree, Midea Group Onyx Solar ac, and others.

Detailed Segmentation

• Global Solar Air Conditioning Market, By Power Source:
o Hybrid Solar A/C
o 100% Grid off A/C

• Global Solar Air Conditioning Market, By Product Type:
o Split Solar A/C
o Window Solar A/C
o Cassette Solar A/C
o Floor Standing Solar A/C

• Global Solar Air Conditioning Market, By Capacity:
o 1 Ton
o 1.5 Ton
o 2 Ton and Above

• Global Solar Air Conditioning Market, By End User:
o Residential
o Commercial
o Industrial

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This release was published on openPR.