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Global Air Conditioning System Market: Rising Demand for Cooling Solutions Drives Growth

06-08-2023 08:46 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

Global Air Conditioning System Market: Rising Demand

The global air conditioning system market is expected to reach USD 123 billion in 2022 and USD 198 billion by 2032, increasing at a CAGR of 4.8% between 2022 and 2032. The use of air conditioning systems has expanded in both the residential and commercial sectors as a result of fast industrialization and growing global warming as a result of population growth. Furthermore, increased demand from the residential sector, namely homes, is likely to give significant profit margins to makers of unitary air conditioning systems.

In light of current market technical insights for air conditioning systems, the product's capacity to save energy through a speed-controlled compressor, less temperature fluctuations, less noise, higher durability, faster cooling, and optimum energy usage work as actual drivers for this product.

๐——๐—ผ๐˜„๐—ป๐—น๐—ผ๐—ฎ๐—ฑ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ -https://www.factmr.com/connectus/sample?flag=S&rep_id=411

๐—š๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—”๐—ถ๐—ฟ ๐—–๐—ผ๐—ป๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ถ๐—ป๐—ด ๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฏ๐˜† ๐—–๐—ฎ๐˜๐—ฒ๐—ด๐—ผ๐—ฟ๐˜†

By Product Type :
Portable Air Conditioning System
Window Air Conditioning System
Split Air Conditioning System
Cassette Air Conditioning System
Single Packaged Air Conditioning System
Chillers Air Conditioning System
Airside Air Conditioning System

By AC Type :
Unitary
Rooftop
PTAC
By End-Use :
Residential
Commercial
Industrial

By Sales Channel :
B2B
Authorized Stores
Independent Electronic Stores
E-commerce

By Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

๐—š๐—ฒ๐˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฆ๐—ฝ๐—ฒ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฆ๐—ผ๐—น๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=411

๐—ž๐—ฒ๐˜† ๐—ง๐—ฎ๐—ธ๐—ฒ๐—ฎ๐˜„๐—ฎ๐˜†๐˜€:

North America is expected to grow at a CAGR of 5.2% during the forecast years of 2022-2032.
The Asia-Pacific air conditioning system market, which includes East Asia and South Asia, accounts for 35.8% of the total market share.
By AC type, Unitary ACs hold nearly 38.9% of the overall AC systems market share.
Packaged terminal air conditioner (PTAC) to account for 33.7% of the global market share.
Residential air conditioning systems currently occupy a significant market share of 35.2% of the total market.

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ:

The global air conditioning system market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced air conditioning system.

Fact.MR has provided detailed information about price points of top manufacturers of air conditioning system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

Eco Innovation Group, Inc. company developing new and advanced technologies for green energy solutions announced in 2021, the signing of a Letter of Intent (LOI), with Keith E. Prime, who invents technologies for the air conditioning industry. This is likely to make additions to the offerings in line with eco-friendly energy solutions.
Mitsubishi Corporation along with Global Bain Corporation announced in 2022, the launch of ME Innovative Fund. This corporate venture capital (CVC) will invest funds in startups globally, in digital and green-innovation domains. The fund is set up with a commitment to invest approximately USD 43.5 million in capital over ten years.

๐—ž๐—ฒ๐˜† ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ ๐—ฃ๐—ฟ๐—ผ๐—ณ๐—ถ๐—น๐—ฒ๐—ฑ

Daikin Industries Ltd.
Mitsubhishi
Qingdo Haier
Samsung Electronics
Electrolux
LG Electronics
Panasonic
UTC
Hitachi
Gree Electric Appliances
Sharp Corp.
Midea Group Co. Ltd.
Carrier Corp
Fuji Electric
Honeywall International
Ingersoll Rand

๐—™๐—ผ๐—ฟ ๐—ถ๐—ป-๐—ฑ๐—ฒ๐—ฝ๐˜๐—ต ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—•๐˜‚๐˜† ๐—ก๐—ผ๐˜„ - https://www.factmr.com/checkout/411

๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฉ๐—ฎ๐—น๐˜‚๐—ฎ๐—ฏ๐—น๐—ฒ ๐—œ๐—ป๐˜€๐—ถ๐—ด๐—ต๐˜๐˜€ ๐—ผ๐—ป ๐—”๐—ถ๐—ฟ ๐—–๐—ผ๐—ป๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ถ๐—ป๐—ด ๐—ฆ๐˜†๐˜€๐˜๐—ฒ๐—บ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜

Fact.MR provides an unbiased analysis of the air conditioning system market, presenting forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global air conditioning system market with a detailed segmentation on the basis of:

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