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Air Conditioning Market Research, Industry Growth, Market Size, Share and Forecast 2018-2023
Browse the full report description Air Conditioning Market Research and Forecast 2018-2023 at https://www.omrglobal.com/industry-reports/air-conditioning-market
The global AC market players such as Hitachi, Haier, Panasonic, Voltas, Daikin, LG Electronics and Onida are focusing to promote Inverter ACs. These players provide latest and innovative drive technology that reduces the number of parts that are used to transfer or transform a motion which results in lesser wastage of power. Additionally, most of the inverter ACs come with wide operating voltage range, to adjust the power of the compressor according to the voltage being supplied. Inverter air conditioning system varies the speed of the compressors and deliver precise cooling or heating power as required in a short time.
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Benefits of an inverter air conditioning includes cost effectiveness, quick temperature control and start-up time, quieter, and higher stability. This increases the adoption of inverter AC and hence drives the air conditioning market. Factors such as government regulations and energy-saving benefits are responsible for this rapid demand for inverter AC.
Further, government regulations are playing significant role in boosting air conditioning industry. New standards have been set for air conditioning systems which enables to reduce electricity wastage, enhance AC performance. For instance, Japan has put regulations that require air conditioners be set at a specific temperature depending on the season. EU has regulations related to heating, cooling and emission of harmful gases. Climate friendly and environment protection standards set by the governments creating considerable scope for the air conditioning market.
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Global AC Market Segmentation
By Application
• Residential Commercial
• Industrial
• Healthcare
• Institutions
• Automotive
By Type
• Split-Type
• Indoor Packaged AC
• Rooftop
• Chillers
• VRF
• ACU/FCU
By Duct Type
• Ducted AC
• Ductless AC
By Refrigerators
• HCFCs
• HFC
• HFO
• Natural Refrigerants
Global AC Market – Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404
About Orion Market Research
OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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