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Air Conditioning Market Trends, Size, Forecast - 2018-2023

Air Conditioning Market

Air Conditioning Market

The global air conditioning (AC) market size was estimated to USD 95,080 million in 2018 and expected to grow at a CAGR of 3.8% during the forecast period. Air conditioning is a process of removing heat and moisture from a space, by cooling the area. The utilization of the air conditioning has increased in the developing countries due to increase in the high disposable income of individual and lifestyle changes. ACs are utilized in different sectors such as domestic sectors, commercial sectors & industrial sectors. The increased demand for ACs has been observed in all the sectors. Government regulations on refrigerants are forcing the manufacturers to develop energy efficient and eco-friendly products. There have been many technological developments observed in the market due to phasing out of key refrigerants. Once the most preferred refrigerants CFCs will be completely replaced by other refrigerants in next few years. Similarly, HCFCs, also phasing out and completely replaced by HFCs and other refrigerants in near future. Manufacturers are moving towards eco-friendlier alternatives such as HFOs and natural refrigerants. New product such as power efficient and inverter ACs are driving the global market. The growth of automobile sector is also influencing the global air conditioning market.

Request a free sample of our report on Air Conditioning Market : https://www.omrglobal.com/request-sample/air-conditioning-market

Geographically, the global air conditioning market is divided into North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific represents the largest market and is considered the fastest developing market in the global market. The interest for air conditioning systems in Asia Pacific is expected going to be driven by Japan, China, and India. Moreover, the technological advancement in air conditioning is expected to drive the interest for air conditioning systems during the forecast period.

A full report of Air Conditioning Market Is available at : https://www.omrglobal.com/industry-reports/air-conditioning-market

Air conditioning Market segmentation

By application
• Residential
• Commercial
• Industrial
• Healthcare
• Institution
• Automotive
• Others

By type
• Splits
• Rooftop
• Indoor packaged
• Chillers
• Vrf
• Ahu/fcu

By duct type
• Ducted
• Ductless

By refrigerant type
• Hcfc
• Hfc
• Hfo
• Natural refrigerant

Competitive landscape
• Key strategies
• Key company analysis

Regional analysis

• North american
o United states
o Canada

• European
o Uk
o Germany
o Spain
o France
o Italy
o Roe

• Asia pacific
o India
o China
o Japan
o Roapac
o Rest of the world

Company profiles
• Amana
• Blue star
• Carrier
• Daikin industries ltd.
• Danfoss a/s
• Electrolux ab
• Godrej
• Gree electric
• Guangdong chigo air conditioning co., ltd
• Haier electronics group co., ltd

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/air-conditioning-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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