Global Air conditioning system market is expected to grow at a CAGR of 6.1% from 2017 to 2023.
Portland, OR -- (SBWIRE) -- 12/21/2017 -- Air conditioning system is used in houses, cars, hospitals, storage houses, and others to control temperature and air quality. It keeps a track of the changes that occur in temperature, air pressure, and humidity, and changes them accordingly to maintain a comfortable condition. Global Air conditioning system market is expected to grow at a CAGR of 6.1% from 2017 to 2023.
Based on type, the market is divided into portable air conditioners, windows air conditioners, split air conditioner, and others (single packaged, chillers, and airside). By end user, it categorized into industrial, residential, and commercial. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Diverse and rapidly changing environmental conditions and rise in number of air conditioned vehicles globally drive the market growth.
Increase in industrialization globally is anticipated to navigate the market growth.
Stringent laws against CFC emission in several countries is projected to restrain the market growth.
Top market players include Daikin Industries Ltd., Haier Inc., Mitsubishi Electric Corporation, Hitachi Air Conditioning, LG Electronics., Carrier Corporation, Samsung, Whirlpool Corporation, AB Electrolux, Hitachi Air Conditioning, and others.
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Portable Air Conditioners
Windows Air Conditioners
Split Air Conditioner
By End User
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA