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Global Air Conditioning Systems Market Propelled by Push for Energy Efficiency, to reach US$178.4 bn by 2018

Posted on Apr 01, 2016

The global air conditioning systems market was temporarily hit by the economic recession of 2008-09 but has since picked up speed and has made a remarkable recovery. Transparency Market Research, in a report titled “Air Conditioning Systems Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast 2012 - 2018,” states that the global air conditioning systems market is projected to expand at a 10.50% CAGR from 2012 to 2018, reaching a value of US$178.4 bn by 2018. 

Browse the full Global  Air Conditioning Systems Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/air-conditioning-systems-market.html

The report highlights the major factors driving the growth of the global air conditioning systems market and those that threaten to challenge its expansion over the years. The key opportunities that vendors in this market can benefit from have also been identified for the readers. According to the report, the air conditioning systems market is propelled by the rise in consumer awareness about the environment, the growing need for energy efficiency, which in turn is driving the replacement of conventional air conditioners, the growth of the construction sector, the surge in disposable incomes in emerging economies, and the improvement in the standard of living across several countries. On the flip side, the escalating energy consumption, the impact on the environment, and the decline in profit margins has been hampering the air conditioning systems market. However, the adoption of energy-efficient air conditioning models in untapped markets of the world has the potential to support the global market in the coming years.

TMR analysts have employed the Porter’s Five Forces analysis model to carefully examine the threat of new entrants and substitutes, the bargaining power of buyers and suppliers, and the ongoing competitive rivalry among the current players within the air conditioning systems market.

The report segments the overall air conditioning systems market based on application and type. By type, the air conditioning systems market is classified into packaged ACs, room ACs, mini-split ACs, split ACs, terminal AC systems, ductless AC systems, packaged central ACs, and central ACs. Based on application, the market is divided into commercial, residential, tourism and hotel, construction, automotive, and industrial.

The global air conditioning systems market is segmented on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. The report indicates that Europe and North America are the strongest markets for air conditioning systems, which also offer considerable scope for future expansion. In 2012, portable air conditioning systems in North America stood at an estimated 973.7 thousand units, which is forecast to increase to 1,743.7 thousand units by 2018. If these figures stand true, the North America market is projected to expand at a 10.20% CAGR therein.

The report identifies and analyzes the prominent players competing in the global air conditioning systems market and studies their performance and contribution for the period 2012 to 2018. Mitsubishi Corporation, Carrier, Sharp Corporation, Panasonic, Daikin Industries Ltd., Samsung Electronics, Electrolux AB, LG Electronics, Haier Electronics Group Co., Ltd., and Hitachi Ltd. are the companies studied in the air conditioning systems market research report on the basis of company and financial overview and business strategies.

Air Conditioning Systems Market, by Type

  • Room Air Conditioners
  • Packaged Air Conditioners
  • Split Air Conditioners
  • Mini-Split Air-Conditioners
  • Ductless Air Conditioning Systems
  • Terminal Air Conditioning Systems
  • Central Air Conditioners
  • Packaged Central Air Conditioners

Air Conditioning Systems Market, by Application

  • Residential Air Conditioning
  • Commercial Air Conditioning
  • Construction Sector
  • Tourism & Hotel Industry
  • Tents: New End-Use Segment
  • Industrial Air Conditioning
  • Automotive Air Conditioning

Air Conditioning Systems Market, by Geography

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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