Air Conditioning Market Report Segmentation, Opportunities and Global Forecast T

Posted by Pradeep Zende on March 26th, 2020

Air conditioner (AC) is a device that controls the hot, humid air and maintains a steady flow of cool air inside the room to provide comfort to the occupant of the room. It can be done both in domestic and commercial areas. The global air conditioner market is expected to rise by an impressive CAGR during the forecast period (2016-2027) and by the end of that year it is expected to cross the estimated valuation.

Market Research Future (MRFR), while discussing the air conditioner market, revealed several factors. Climate is one where the constant surge in heat is expected to create a demand for installation of air conditioner. Also, the change in lifestyle definition has spurred the intake of air conditioners. Surge in residential sector is also expected to provide substantial traction to the global air conditioner market.

Segmentation:

MRFR introduces segments as a part of their understanding of the Global Air Conditioning Market Report. These segments are types, duct type, and application. The segmentation gives a solid foundation to the predictive analysis of the market along with other value-based and volume-based figures.

Based on the type, the air conditioner market can be segmented into split air conditioner, rooftop air conditioner, indoor packaged air conditioner, and other air conditioners. The split air conditioner segment has substantial market coverage and is expected to gain remarkably from the market during the forecast period.

Based on the duct type, the air conditioner market includes ductless and ducted. The ductless segment has notable market presence.

Based on the application, the air conditioner market comprises commercial, residential, institutional, industrial, and others. The rise in global housing market has given a significant thrust to the residential segment. However, the commercial segment is also witnessing remarkable transformation in the market.

Competitive Landscape:

Several companies are trying to maximize their benefit from the global air conditioner market by implementing strategies that include merger, acquisition, product launch, innovation, and others. These companies, as reported by MRFR, are Carrier Corporation, Daikin Industries Ltd, LG, Samsung Ac, Videocon, Johnson Controls, Lennox, International, Panasonic Corporation, Petra Engineering Industries Co, and Siemens AC. MRFR profiled them in their report for a better understanding of the upcoming trends.

Industry News:

In June 2019, Nortek Global HVAC, a leading name among the HVAC equipment manufacturer, announced the launch of their W-series of air conditioning and heat pump equipment. These technologies can be used for residential purpose and light commercial applications. This has also completed the redesigning of Gibson, NuTone, and Frigidaire. This would also help in deciding a proper pricing range.

In 2019, Hong Kong-based IoT startup Ambi Labs are planning to launch their Ambi Climate 2nd edition which uses AI technology to revolutionize air conditioning. This would also help in reducing power consumption by 30%.