Air Conditioning System Market - Rapid Industrialization, Urbanization and Mounting Number of Data Centers Are Also Expected to Rub off on Demand for Air Conditioning Systems

Pune, Maharashtra -- (SBWire) -- 05/06/2019 --The global market for air conditioning system is projected to exhibit a steady CAGR through the forecast period (2017-2026), in terms of volume. Revenues from sales of air conditioning systems worldwide are estimated to surpass US$ 175,000 Mn by 2026-end.

Competition Tracking

Key players identified by the report include Petra Engg Industies Co., Lennox International, Honeywell International, Gree Electric Appliances, Samsung Electronics, Daikin Industries Ltd., and Midea Group Co. Ltd. Other prominent players in the market include Fuji Electric, Carrier Corp, Hitachi and UTC.

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High Demand for IAQ Compelling Air Conditioning System Manufacturers to Focus More on Quality

Demand for improved indoor air (IAQ) quality has gained momentum within the greater building schematic, as awareness about its criticality in promoting healthy and comfortable indoor spaces rises in parallel. Several air conditioning system manufacturers are promoting IAQ innovation further, particularly when demand for novel technologies are witnessing an upsurge. High demand for IAQ has compelled these manufacturers to focus more on quality. Mandatory regulatory compliance, expanded filter testing technology and online monitoring have resulted into higher convenience for customers. A slew of IAQ innovations have been integrated into air conditioning systems recently, which address challenges ranging from air particulate management and detection of emissions to general air exchange and fresh air intake. One of the latest trends being observed in the global air conditioning system market is integration of building controls and HVAC systems. This trend is likely to result into high energy efficiency in management of building systems.

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With the trend toward green technologies gaining prevalence, air conditioning systems are being frowned at, albeit population across some regions cannot thrive without them owing to flaming temperature ranges. Air conditioning system is considered to be a major contributor to global warming, owing to its emission of hazardous gases into the environment such as chlorofluorocarbons (CFC) and hydro-chlorofluorocarbons (HCFC). Being a part of greenhouse gases (GHG), these have negative impacts on the environment as they trap heat and result into ozone layer depletion. In addition, air conditioning system's air filters lose their integrity over time and enable harmful exterior compounds to flow into the interior space. This further triggers allergies, and may even lead to irritation in eyes, nose and throat in some cases.

Key Research Findings from Fact.MR's Report

Volume sales of air conditioning systems will remain the largest in B2B sales channel, trailed by independent electronic stores
Chillers air conditioning systems are expected to remain dominant in the market, in terms of volume, with sales estimated to exceed 65,000 Mn units by 2026-end

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Table of Contents Covered in the report are:

1. Global Economic Outlook

2. Global Air Conditioning System Market - Executive Summary

3. Global Air Conditioning System Market Overview
3.1. Introduction
3.1.1. Global Air Conditioning System Market Taxonomy
3.1.2. Global Air Conditioning System Market Definition
3.2. Global Air Conditioning System Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Air Conditioning System Market Y-o-Y Growth
3.3. Global Air Conditioning System Market Dynamics
3.4. Supply Chain
3.5. PESTLE Analysis
3.6. Porter's Five Force Analysis
3.7. Regulatory Framework
3.8. Forecast Factors
3.9. List of Distributors
3.10. Key Participants Market Presence (Intensity Map) By Region

And Continue...