Air Conditioner Market is anticipated to flourish at a CAGR of 14.2% By 2023
- by KD Market Insights
- Feb, 2021
Air conditioner is a machine that treats in a defined, usually enclosed area via a refrigeration cycle in which warm air is removed and replaced with cooler and more humid air. The construction of air conditioner is commonly called as HVAC.
According to KD market insights, research provides a forecast for global air conditioner market for a span of 6 years i.e. between 2018 and 2023. It is expected that market will reach a notable valuation by end of 2023. Moreover, it is anticipated to flourish at a CAGR of 14.2% during the forecast period i.e. 2018-2023. Continuous growth in the construction of commercial buildings is anticipated to positively impact the demand for air conditioners during the forecast period. In 2017, Asia Pacific accounted for largest market share in overall air conditioner market.
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Air conditioner market research provides a detailed analysis of its global market and provides useful insights to understand the reason behind the popularity of this emerging technology along with its advantages and challenges. The report covers detailed analysis of key industry drivers, challenges, market trends as well as market structure. The report has been segregated on the basis of end user global regions. This research also provides an assessment of key industry giants and their strategies that helps them to succeed in business.
The research offers a comprehensive analysis of air conditioner market with respect to various sub-markets. On the basis of product, market is sub-segmented as Portable ACs, Split ACs, Window ACs, Split ACs, Chiller, Airside, rooftop. On the basis of end-user, market is sub-segmented as residential, commercial, automotive and others. Distribution channel is divided as online and offline stores.
It covers a market overview for 2018-2023 and gives probable forecast with the context of air conditioning. This also covers new technological development and their role in the market. The research covers the pivotal trends within countries contributing to growth of the market, as well as analyses the factor due to which drivers impact the market in each region. Key regions and countries included in this report include North America (U.S& Canada), Europe (Germany, U.K, France, Italy) Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan and Rest of Asia), Middle East &Africa (GCC, North America, North America, South America).
The report also reflects the current scenario and the target of air conditioner market. For this evaluation, 2017 considered as base year, 2018 as an estimated year, 2019-2023 as forecasted year. As already mentioned, the global air conditioner market is divided into a number of segments. All segments in terms of end-user and different regions are examined in terms of base points to understand the relative contributions of each segment to market growth. This detailed level of facts & information is essential for the identification of various key factors in the global air conditioner market.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the market, and key differentiators. This section is mainly designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the current scenario and the main competitors for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in this market. Some of the key competitors covered in the report are Carrier, Daikin, LG, Panasonic, Videocon, Samsung, Trane, Hitachi, Electrolux, Coolerado, Voltas, Mitsubishi Electric Corporation and Other Major & Niche Players.
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