Global Air Condition Market is expected to rise from its initial estimated value of USD 131.81 billion in 2018 to an estimated value of USD 327.53 billion by 2026, registering a CAGR of 12.05% in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in global warming and increase in temperatures globally.
Global Air Condition Market By Product (Air Conditioners), Type (Rooftop, Chillers, Split, Indoor Packaged), Duct Type (Ductless, Ducted), Application (Commercial, Residential, Industrial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Air condition can be defined as the product that is utilized in the process of achieving optimum temperature indoors. These devices are used for the removal of heat, moisture from indoors so that the occupants of the rooms are comfortable. They also find their usage in maintaining the optimum temperature in various other situations as well such as to remove the heat from server rooms, keep the optimum temperature for museum, etc.
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Major Players: Global Air Condition Market
- DAIKIN INDUSTRIES Ltd.
- Blue Star Limited
- Carrier Corporation
- Hitachi Ltd.
- Mitsubishi Electric Corporation
- Panasonic Corporation
- AMP Air
- Voltas Ltd.
- Johnson Controls
- TOSHIBA CORPORATION
- FUJITSU GENERAL
- Ingersoll-Rand plc
- Haier Electronics Group Co. Ltd.
- ABS Aircon Engineers Private Limited
- GREE ELECTRIC APPLIANCES INC.
- UNITED TECHNOLOGIES
- LG Electronics and Midea Group.
The Global Air Condition Market report gives authentic information and analyzes the patterns to distinguish the significant driving components behind the development of the business. This report offers a thorough view of the worldwide economy and the aggressive scene to give the financial specialists all the indispensable business data. Further, it likewise gives master information to enable the pursuer to take a shot at their focused procedure and settle on better financial decisions. The Air Condition Market report additionally offers essential knowledge that are valuable for the venture and gives an aggressive technique that proves beneficial in the business.
Major Topics Covered in this Report:
- Study Coverage
- Executive Summary
- Market Size by Manufacturers
- Market Size by Type
- Market Size by Application
- Manufacturers Profiles
- Production Forecasts
- Consumption Forecast
- Upstream, Industry Chain and Downstream Customers Analysis
- Opportunities & Challenges, Threat and Affecting Factors
- Key Findings
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Market Segmentation: Global Air Condition Market
- By Product
- Air Conditioners
- Variable Refrigerant Flow (VRF)
- Ductable Splits
- Light Commercial Air Conditioners
- High Wall Splits
- Concealed Ductable Splits
- By Type
- Indoor Packaged
- By Duct Type
- By Application
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
- Air Conditioners
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Key Developments in the Market:
- In October 2018, FUJITSU GENERAL announced that they had acquired ABS Aircon Engineers Private Limited. With this acquisition FUJITSU have expanded their service capabilities for commercial air condition in the region of India.
- In September 2017, Panasonic Corporation announced that they had acquired AMP Air. With this acquisition Panasonic will be able to expand their sales and servicing network in the region of U.K. and all around Europe.
Competitive Analysis: Global Air Condition Market
Global air condition market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of air condition market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Rising levels of temperatures globally is one of the major factors for the adoption of air conditioners
- Increasing levels of urbanization and rising levels of disposable income have led to increased adoption of commercial and residential air conditioners globally
Market Restraints: Global Air Condition Market
- Rising cost of installation, product cost and increasing energy costs associated with the usage of the product are some of the factors restraining the market growth
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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