Air Conditioning Systems Market Analysis, Growth by Top Companies, Trends by Application, Forecast - 2027
Global air conditioning system market is expected to grow at a significant pace as a result of the requirement to keep healthy indoor air being damaged from thermal environmental factors including temperature, humidity, and air pressure. Majority of the companies are working on energy efficient products as a result of rising consumer awareness towards the requirement of energy conservation. Moreover, concerns associated with air pollution have also spurred the demand for air purifying technologies, a trend that air conditioning systems market has been capitalizing on. The presence of a large number of leading players makes the global air conditioning systems market extremely competitive. This is projected to give the market a significant boost in the coming years, with the opportunity in this market amounting to over US$ 160.3 bn by 2027.View Our Report @ https://www.transparencymarketresearch.com/air-conditioning-systems-market.html
In term of application, air conditioning system market has been segmented into commercial, residential, automotive, and industrial sectors. Commercial segment accounted for the major application in 2018, with a market share of 40%. This segment is poised to retain its lead through 2027 as a result of increasing usage of air conditioning systems in areas such as construction, hotel and tourism, hospitals, clinics, and healthcare. By volume, however, the residential application segment dominated the market in 2018. This segment is also anticipated to expand at the highest CAGR based on revenue from 2019 to 2027
Want to know the obstructions to your company's growth in future? Request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=436
On the basis of type of equipment, the air conditioning systems market is bifurcated into window, portable, cassette ACs, split, chillers, single packaged, and airside air conditioning systems. Split air conditioning systems are the most preferred kind and accounted for a revenue share of over 76% in 2018. This segment also dominated the air conditioning systems market by volume.
In terms of region, the air conditioning systems market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. By revenue, Asia Pacific is projected to dominate the global market for air conditioning systems with a share of over 55% during the forecast period. The demand for air conditioning systems in Asia Pacific is likely to be driven by Japan, China, and India. In addition, the replacement of air conditioning systems with energy-efficient equipment is forecasted to significantly drive the demand for air conditioning systems in the coming years. Rising number of commercial buildings in India and China will also boost the sales of air conditioning system in Asia Pacific.
Looking for exclusive market insights from business experts? Request a Custom Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=436
North America also accounted for the significant share in this market. The changing standards of the American Society of Heating, Refrigerating and Air Conditioning, ongoing technological evolution, and the presence of several regulatory policies have been accelerating the demand for energy-efficient, technologically advanced, and eco-friendly air conditioning systems in North America. U.S. accounted for major share in this region. However, air conditioning systems have been witnessing a surge in demand from both commercial and residential applications, with the popularity of smart thermostats and inverter air conditioners rising with increasing adoption.
Latin America, as well as the Middle East and Africa, are forecast to witness sustainable growth in the near future, fueled by the increasing adoption of smart air conditioning systems in countries such as the UAE, Saudi Arabia, Turkey, and Israel. Europe is projected to witness moderate growth during the forecast period, with the EU7 countries likely to present the most attractive opportunities for players in the air conditioning systems market. Increasing demand for energy-efficient products will further drive market growth in the coming years.
Browse through Transparency Market Research Coverage of the Global Factory Automation Industry for Current Trends and Shifts
Fluid Coupling Market - https://www.transparencymarketresearch.com/fluid-coupling-market.html
Chemical Protective Gloves Market - https://www.transparencymarketresearch.com/chemical-protective-gloves-market.html
Metal Cleaning Equipment Market - https://www.transparencymarketresearch.com/europe-metal-cleaning-equipment-market.html
Railroad Tie Market - https://www.transparencymarketresearch.com/north-america-railroad-tie-market.html
Confectionery Packaging Machine Market - https://www.transparencymarketresearch.com/confectionery-packaging-machine-market.html
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200,
Wilmington, Delaware 19801 USA
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Air Conditioning Systems Market Analysis, Growth by Top Companies, Trends by Application, Forecast - 2027 here
News-ID: 2646821 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for America
Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential…
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific…
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,…
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market
Summary
The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements.
Gaucher Disease market size to maintain the average annual growth…
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics…
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on…