Press release
Global Packaged AC System Market Size, Share, Impressive Industry Growth Report 2027
The global packaged AC system market is anticipated to grow at a considerable CAGR of 4.8% during the forecast period (2021-2027). The increasing urbanization and rising per capita income are driving the packaged AC system market during the forecast period. Additionally, as the earth’s temperature is rising gradually due to global warming, the need for a cooling system is required. According to Daikin Industries, Ltd. 2.8 billion people are living in a tropical region that is exposed to hazardous heat waves. Only 8% of these people have excess to the cooling systems. This had created the extreme requirement of AC systems.(Get 15% Discount on Buying this Report)
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COVID-19 had changed the thinking as World Health Organization had studied that AC can enable the spread of this deadliest virus. Additionally, lots of studies had proved that chemicals used in ACs as coolant if get leaked to the atmosphere then it will be very hazardous for surrounding due to which governments across the globe had made strict regulations for the manufacturing and usage of ACs. Lots of companies in this market are working hard to overcome these challenges by continuous research and innovation to serve human society. Packaged AC system is one of those innovations in which all the components of traditional AC are assembled in a single unit. This had eased the installation and maintenance requirements of ACs. Still, the market players are innovating more for sustainability.
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To cater to the emerging and varied needs of the customers, Blue Star, Ltd. had launched a new affordable range of inverter spilt ACs whose cooling capacity ranges from 0.80TR to 2TR. Additionally, these ACs are featured with Eco-Mode, Comfort Sleep, power-saving, and Self-Diagnosis modes which can ease customer's experience. These ACs are also equipped with wi-fi and voice command technology. The company had also recently launched a range of innovative ACs with in-built air purifiers especially prepared for the COVID-19 situation.
Similarly, Mitsubishi Electric Corp. in June 2020 had launched the MSY-JR series of inverter ACs with a capacity of up to 3 TR. The additional features equipped in this AC are power saving, long airflow, fast cooling, sleep mode, grooved piping, anti-rust, 24 hours timer, auto restart, and many more. The company is also updating its products to improve air quality.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Packaged AC system Market Report Segment
By Condenser Type
Water Cooled Type
Air Cooled Type
By Type
Inverter Type
Non Inverter Type
By End-User
Residential
Commercial
Others
Global Packaged AC System Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
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.
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