Fast Market Research announces the availability of the new TechNavio report, "Global Residential Air Conditioners Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/20/2015 -- A residential air conditioner is deployed to lower the air temperature of a room, maintain suitable humidity, provide ventilation, and keep the air free from dust, soot, and micro-organisms. It employs the refrigerant cycle to transport heat outside the room. The main components of the air conditioner are:
- Metering device
- Cooling coil
- Air handling unit
- Duct system
Technavio's analysts forecast the global residential air conditioner market to grow at a CAGR of 12.01% during 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Currently, design trends in heating and cooling systems are shifting from variable air volume systems to decoupled systems. The variable air volume systems provide ventilation, heating, and cooling functions. The decoupled systems work by separating the ventilated air from the cooling and heating functions. The cost savings generated by decoupled systems also result in energy savings. The heating and cooling requirements are met through water-based systems as water can transfer energy more efficiently than air. This reduces the energy required to deliver the heating and cooling functions significantly. Hence, the use of decoupled systems should facilitate market growth."
Get More Details on this Report and a Full Table of Contents at Global Residential Air Conditioners Market 2015-2019
According to the report, populations in India and China have registered growth in disposable incomes. In addition, consumers in Brazil and Poland have registered gains in disposable incomes. Since APAC is the largest market for residential air conditioners and is expected to witness the fastest growth in the global market during the forecast period, growing disposable incomes should boost the market during the forecast period.
Further, the report states that fluctuations in the prices of raw materials changes the manufacturing costs and affects the profit margins of the vendors.
The key players in the Global Residential Air Conditioners Market are Daikin, Haier, Hitachi, LG and Mitsubishi Electric while other prominent vendors include Aux Air Conditioner, Carrier, Electrolux, Panasonic, Toshiba and Whirlpool
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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