Albany, NY -- (SBWire) -- 12/27/2016 --This report aims to provide a comprehensive strategic analysis of the global air conditioning systems market along with revenue, volume, and growth forecasts for the period from 2014 to 2024. With advancements in air conditioning technology and rising demand in both developed and developing regions, the air conditioning systems market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide are rising the disposable incomes of consumers in developing regions like Asia Pacific, the need for replacement of obsolete systems in developed regions such as North America and Europe, increasing awareness of energy efficiency and eco-friendly products, and demand for intelligent air conditioning systems.
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This research study on the global air conditioning systems market provides a detailed analysis of different types of air conditioning systems deployed for different applications depending upon demand. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2016 to 2024. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the air conditioning systems market. It provides the competitive landscape of key players in the air conditioning systems market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the air conditioning systems market and identifies the various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the market as a whole.
The global air conditioning systems market is analyzed by segmenting it on the basis of equipment type, application, and distribution channel. On the basis of the equipment type, the market is segmented into portable air conditioning systems, windows air conditioning systems, splits, cassette ACs, single packaged, chillers, and airside. Based on the application, the market is divided into residential, commercial, industrial, and automotive segments. The market is also classified based on the distribution channel into conventional stores and company-owned stores. Conventional stores are further sub-segmented into DIY stores, furniture stores, and supermarkets. Also, the company-owned stores segment is further divided into dealers and installers sub-segments. Geographically, the global market for air conditioning systems has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. The market size, volume, and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024. The study also includes qualitative analysis of the competitive scenario for major countries/regions in these geographical segments. Analysis by equipment type, application, distribution channel and regions helps in evaluating the present scenario and growth prospects of the air conditioning systems market for the forecast period 2016 – 2024.
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A list of recommendations have been provided for new entrants to help establish a strong presence and for existing market players to take strategic decisions and to increase their market shares in the global air conditioning systems market. The report concludes with the profiles of major players in the air conditioning systems market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Daikin Industries Ltd., Mitsubishi Corporation, Haier Electronics Group Co., Ltd., Samsung Electronics, Electrolux AB, LG Electronics, Panasonic Corporation, Carrier Corporation, Hitachi Ltd., Sharp Corporation, Gree Electric Appliances, Inc., Hisense International Co. Ltd., and The Midea Group.
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Air Conditioning Systems Market Detailed Analysis and Forecast by 2024
The presence of a large number of leading players makes the global air conditioning systems market extremely competitive. This is projected to give the market a significant boost in the coming years, with the opportunity in this market amounting to over US$167 bn by 2024.