Press release
Global Packaged Air Conditioner Market to grow at a CAGR of 5.29% during the period 2017-2021
The main objective of this report is to define, describe, and forecast the global “Packaged Air Conditioner” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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About Packaged Air Conditioner
A packaged air conditioner is a cooling or heating system consisting of a single housing cabinet that contains all the components required for cooling, heating, dehumidification, filtering, and air handling. Packaged air conditioners account for a relatively small share of the global air conditioners market but have a significant demand in the US and China, with high potential demand in several developed and emerging markets. Their demand is expected to grow considerably over the next five years as the number of residential and commercial construction is on the rise globally, and there is rapid urban and economic growth in several countries. The rise in housing constructions across key countries and regions including China, the US, Saudi Arabia, and India, and the rise in demand for luxury goods due to improving living standards are the key factors that will spur market growth over the forecast period.
Technavios analysts forecast the global packaged air conditioner market to grow at a CAGR of 5.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged air conditioner market for 2017-2021. To calculate the market size, the report considers the demand from end-users.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Packaged Air Conditioner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Carrier
DAIKIN INDUSTRIES
Johnson Controls
Lennox International
Ingersoll Rand
Other prominent vendors
Blue Star
GREE ELECTRIC APPLIANCES
Haier
LG Electronics
Midea Group
Mitsubishi Electric
Nortek Global HVAC
Panasonic
Rheem Manufacturing Company
SAMSUNG
Voltas
Whirlpool
Market driver
Growth in global construction activities
For a full, detailed list, view our report
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Market challenge
High cost of purchase and installation
For a full, detailed list, view our report
Market trend
Growing adoption of R32 refrigerant in air conditioners
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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