Air Conditioning Systems Market by Equipment, Application and Distribution Channel – Global Industry Analysis and Forecast to 2022.
Air Conditioning Systems – Competitive Outlook and Trend Analysis:
The key market players in the global air conditioning systems market are Daikin Industries Ltd, Samsung Electronics Co. Ltd., Hitachi Ltd, Denso Corporation, anon Systems, Mitsubishi Heavy Industries and Sanden Corporation. Key players have implemented strategies involving joint ventures combined with acquisitions and mergers to expand internationally and are concurrently amending their distribution network to set up sturdy industry presence.
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Air Conditioning Systems – Industry Trend Analysis:
In 2012, the global air conditioning systems market was evaluated around USD 82.23 billion and is expected to reach approximately USD 142.74 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 5.09% over the forecast period. Growing awareness levels and demand for energy efficiency on an international level is anticipated to impact the air conditioning systems industry positively. This is especially acute in developed countries like North America and Europe, owing to high infiltration of air conditioning systems in these countries. Regulatory standards for electrical equipment have demanded the energy efficient systems production and change from conventional equipment. These also a benefit for consumers, as limiting energy ratings also assists in lowering bills of electricity. Furthermore, rising awareness concerning the preservation of the environment is also anticipated to boost the market growth. Domestic production companies, like Chinese market players, trade products at lower prices than the global standard. This ensued in decreased profit margins for market participants, as they have to present competitive prices for customers.
Air Conditioning Systems – Product Outlook and Trend Analysis:
Product section involves Portable air conditioning systems, Windows air conditioning systems, Single Packaged, Splits ACs, Airside, Cassette AC, and Chillers. In 2012, split air conditioning systems reported for most of the market share, and are anticipated to expand at a rate more than the overall average. This can be assigned to the excess benefits they offer, like less noise, low initial cost, and ease of installation. Chillers and portable air conditioning systems are also projected to experience healthy growth during the forecast years. Comparatively, single packaged systems, which are primarily used in small and medium hotels, are anticipated to drop substantial market share in the approaching years.
The Global Air Conditioning Systems Market is segmented as follows :
Air Conditioning Systems – By Equipment:
Portable air conditioning systems
Windows air conditioning systems
Air Conditioning Systems – By Application:
Air Conditioning Systems – Application Outlook and Trend Analysis:
Air conditioning systems have application in industrial, automotive, residential, and commercial sectors. Reporting for a market revenue share of around 40% during 2015, the commercial sector ruled the global air conditioning systems industry. This section is balanced to maintain its lead over the forecast period propelled by the rising application of air conditioning systems in fields like construction, tourism and hotel, clinics, healthcare, and hospitals. However, by volume, the residential application sector ruled the overall market during 2015. This section is also likely to grow at the leading compound annual growth rate based on revenue over the projected period.
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Air Conditioning Systems – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Air Conditioning Systems – Regional Outlook and Trend Analysis:
In 2012, Asia Pacific region reported for the leading market share; China and India are anticipated to be the major regions concerning market growth. This can be assigned to rising disposable earnings of customers in the region and rising inclination and awareness towards sophisticated energy proficient products. Europe is anticipated to be the highest growing market in terms of revenue during the forecast years due to initiatives from regulatory authorities to restrain energy consumption and the requirement for existing equipment replacement.
Air Conditioning Systems – List of Tables:
Table 1.Air Conditioning Systems Market, By Equipment, 2012-2022, ($Million)
Table 2.Portable air conditioning systems Market, By Region, 2012-2022, ($Million)
Table 3.Splits ACs Market, By Region, 2012-2022, ($Million),
Table 4.Windows air conditioning systems Market, By Region ($Million), 2012-2022
Table 5.Chillers Market, By Region ($Million), 2012-2022
Table 6.Cassette ACs Market, By Region ($Million), 2012-2022
Table 7.Single Packaged Market, By Application ($Million), 2012-2022
Air Conditioning Systems – List of Figures:
Figure 1.Air Conditioning Systems Market Share, By Equipment, 2012 & 2022
Figure 2.Air Conditioning Systems Market, By Application, 2016, ($Million)
Figure 3.Air Conditioning Systems Market, By Distribution Channel, 2016, ($Million)
Figure 4.Air Conditioning Systems Market, By Region, 2016, ($Million)
Figure 5.Carrier Corporation: Net Revenues, 2014-2016 ($Million)
Figure 6.Carrier Corporation: Net Revenue Share, By Segment, 2016
As the report further, it explains developing plans and policies, making processes, cost structures of Air conditioning systems market as well as the leading players. It also concentrates on the aspects like company profile, product images, supply chain relationship, import/export details of Air conditioning systems market, market statistics of Air conditioning systems market, upcoming development plans, market gains, contact details, consumption ratio. Ultimately, the report includes an in-depth analysis of sub-segments, market dynamics, feasibility study, key strategies used by leading players, market share study and growth prospects of the industry. The report also evaluates the growth established by the market during the forecast period and research conclusions are offered.
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Reason to Buy –
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Air Conditioning Systems market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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