Market Research Future (MRFR) analysed the air condition (AC)
market 2020 for the study period 2019 to 2027. According to MRFR assessment,
the air condition market can thrive at considerable growth pace. By the end of
assessment period, the AC market can earn substantial revenue.
Air
Conditioning Market Report
Corporates and governments are often closed space. The
increase in the installation of air conditioners to deal with the inadequate
ventilation. The expansion of office space creating high demand for AC. Thus,
rise in commercial application of air conditioner can act as a pivotal cause
that can promote the air conditioners market. In addition, rise in residential
utility of AC, coupled with increase in construction activities can support the
rise of the market in the assessment period. Hospitals and clinics are other
high end-consumers of AC. Moreover, the changing dynamics in the healthcare
domain in the COVID 19 pandemic is observed to impact the AC market. AC has
several other areas of applications, such as multiplex and auditoriums.
However, due to lockdown these places are not being visited frequently. Thus,
high maintenance cost of these places limits the market.
Market Segmentation
The segment assessment of the air condition market is done by
types, duct type, and application.
The type-based segment of the air condition market is split
air conditioner, rooftop air conditioner, indoor packaged air conditioner, and
other types of air conditioners.
The Duct Type based segments of the air condition market are
Ductless and Ducted. The rise in preference of ductless AC can promote the
market rise. The modern technologies are used in the production of AC to
accelerate the procedure. In addition, latest technology driven AC solutions,
such as AI and IoT enabled AC are observed to enhance patient convenience. This
is expected to support the rise of the market across the analysis period.
Regional Analysis
In North America, the considerable disposable incomes of people
can encourage the sales of different types of air conditioning systems
available at different price range. There are several AC developers in the
region those entered price war that is observed to benefit the market in North
America. The growing prominence of energy-efficient systems can contribute to
the rise of the market. The rise in the popularity of portable systems can
impact the Air conditioning systems market positively. As per MRFR regional
review, the air conditioning market in Europe can thrive due to the positive
impact of the regional construction industry. In MEA region, the utility of AC
is high due to the tropical climate in these regions. In APAC, increase in
construction activities and expansion of the building sector as education and
healthcare infrastructure are experiencing rapid development can support the
expansion of the AC market through the review period.
Complete Report Details @ https://www.marketresearchfuture.com/reports/air-condition-market-797
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the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
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