Boston, MA -- (SBWIRE) -- 08/29/2016 -- Air conditioning systems in residential, industrial, and commercial sectors consume energy amounting to over 1 trillion kWh per year. The depletion of the ozone layer and the El Nino effect have led to a gradual rise in the global average temperature, resulting in the spring and summer seasons becoming warmer. Increased need for cooling is a fallout of the global climate change, which will heighten the demand for air conditioning systems in the coming years.

Technavio's analysts forecast the global commercial air conditioner (AC) market to grow at a CAGR of 8.98% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial air conditioner (AC) market for 2016-2020. To calculate the market size, the report covers market segmentation based on the product types such as unducted standard split, chillers, VRF, air handling units (AHUs), rooftops, ducted standard split, US ducted split, and others.

Get More Details on this Report and a Full Table of Contents at Global Commercial AC Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Commercial Air Conditioner (AC) Market 2016-2020, 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.

Key vendors

-Carrier
-Daikin Industries
-Hitachi
-LG Electronics

Other prominent vendors

-Emerson
-Blue Star
-GE
-Johnson Controls
-Panasonic
-Airdale
-Lennox
-Mitsubishi Electric
-Rheem

Market driver

-Increase in construction activities
-For a full, detailed list, view our report

Market challenge

-Insufficient power supply in developing markets
-For a full, detailed list, view our report

Market trend

-Growing preference for interoperability
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 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?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Carrier, , Daikin Industries, , Hitachi, , LG Electronics,Emerson, , Blue Star, , GE, , Johnson Controls, , Panasonic, , Airdale, , Lennox¸ Mitsubishi Electric, , Rheem.

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