Solar Air Conditioning Market Current Analysis and Estimated Analysis to 2020| Leading Players Videocon, Harvest Air Conditioner, HotSpot Energy Inc., Aussie Solar World

According to the report, the solar air conditioning market is expected to promise high growth owing to increasing demand for reducing electricity costs in recent years. Increasing demand from applications including residential building, commercial building, industrial building, and others is expected to drive the growth of the solar air conditioning market.
This detailed market study focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global solar air conditioning market.

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What is solar air conditioning?
Solar air conditioning utilizes solar power for the cooling purpose. Therefore, it is also known as solar cooling. The cooling is done through photovoltaic conversion and solar thermal energy conversion. Solar air conditioning helps in reducing electricity costs. Some advantages of solar air conditioning over conventional air conditioning are low operational and maintenance costs. The solar air conditioning market is expected to grow due to the rising electricity rates and an increasing need to reduce energy consumption. However, the high initial set up costs may restrain the growth of this market. Many companies are focusing on investing in R&D for technological advancements and innovative product development.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Lennox
2. Videocon
3. Harvest Air Conditioner
4. HotSpot Energy Inc.
5. Aussie Solar World
6. Solair
7. Icesolair
8. Gree
9. Midea Group

Segment Insights:

The global solar air conditioning market has been segmented based on power source, product type, and application. Based on the power source, the hybrid solar A/C segment is projected to witness high growth due to the ability of hybrid air conditioning systems to change the power source whenever required.

Based on product type, the market has been segmented into split solar A/C, window solar A/C, and floor standing solar A/C. All the product types witness high usage due to the increasing demand from residential, commercial, and industrial buildings, owing to robust developments taking place in the building & construction industry, rising environmental concerns, changing consumer preferences, etc.

Solar air conditioning is expected to witness high demand from IT & telecom, IT & BPO, manufacturing, retail, and other sectors. The Asia Pacific is expected to lead the solar air conditioning market due to increasing disposable income, rapidly developing economies, and rising demand for solar air conditioning systems across small and medium-sized enterprises of countries such as India, China, Japan, and others.

Key Factors Impacting Market Growth:

o Rising temperature in various regions
o Changing lifestyles with a high comfort level among people
o Increasing government initiatives to use solar energy in power consumption

Regional segmentation and analysis to understand growth patterns:
Major regions for the solar air conditioning market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for high-performance computing owing to the strong presence of the industrial sector.

Asia Pacific and Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. Among these industries government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences are estimated to register high demand for solar air conditioning market.

The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be government & defense, education & research, manufacturing, media & entertainment, healthcare & life sciences, energy & utilities, and earth sciences. These industries have an established base resulting in stable market demand. These factors are expected to drive the demand for the solar air conditioning market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. Asia Pacific and Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

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This report provides:
1) An overview of the global market for solar air conditioning market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global solar air conditioning market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

Market Segmentation:

By Power Source:
Hybrid Solar A/C
100% Grid Off A/C

By Product Type:
Split Solar A/C
Window Solar A/C
Cassette Solar A/C
Floor Standing Solar A/C

By Application:
Residential Building
Commercial Building
Industrial Building
Others

By Region:

North America
By Country (US, Canada, Mexico)
By Power Source
By Product Type
By Application
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Power Source
By Product Type
By Application
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Power Source
By Product Type
By Application
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Power Source
By Product Type
By Application
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Power Source
By Product Type
By Application
Rest of the World
By Region (South America, Africa)
By Power Source
By Product Type
By Application

Reasons to Buy This Report:

Market size estimation of the global solar air conditioning market on a regional and global basis
Unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.