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Future Market Insights has announced the addition of the “Air Conditioning Systems Market: Global Industry Analysis and Opportunity Assessment 2014-2020\" report to their offering.

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Global Air Conditioning

Systems Market

Share, Global Trends,

Analysis, Research, Report,


Segmentation and Forecast,


Future Market Insights

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FutureMarket Insights (FMI) is apremier provider of syndicated research reports, custom research reports, andconsulting

services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes,


Weprovideresearchservicesat aglobalas wellas regionallevel;keyregionsincludeGCC, ASEAN,andBRIC.

Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and


We have a global presence with delivery centers across India specializing in providing global research reports and country

research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India.

We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for


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Report Description

Report Description

The comfort level of living beings depend to a large extent on the surrounding

environment. Temperature, air pressure and humidity are few of the most important

environment variables that keep changing throughout the year. Getting accustomed to

these changes, often becomes difficult for individuals. In order to control the

environmental conditions, air conditioning systems play a vital role. Air conditioning can

be defined as the process of simultaneous control of temperature, moisture, cleanliness

of air and air motion. Air conditioning systems are the devices which enable the process

of air conditioning.

The global air conditioning systems market is segmented on the basis of application such

as industrial air conditioning, commercial air conditioning, residential air conditioning,

and automotive air conditioning. Increasing use of air conditioning systems in residential

setting is estimated to lead the overall market demand with almost 40% of revenue share

and is expected to keep its dominant position during the forecast period. The application

of commercial air conditioning systems is dominated by construction, hotel & tourism

sector followed by healthcare, clinics and hospitals. However individuals using portable

systems for trips and other outdoor activities are expected to fuel the growth of

airconditioning systems during the forecast period.

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Report Description

Report Description

Global air conditioning systemsmarket is segmented on the basis of product types such as

room air conditioners, packaged air conditioners, split air conditioners, mini split air

conditioners, ductless air conditioners, terminal air conditioners, central air conditioners,

portable air conditioners and packaged central air conditioners.

Improvement in housing standards is fuelling the demand for room air conditioners while

packaged air conditioners is estimated to grow at a moderate rate with rising permit rate

for construction of mall, offices and industries.Split air conditioning systems on the other

hand offers plenty of benefits including less noise, low initial cost and ease of installation.

It accounts for over half of the overall share in terms of revenue and is estimated to be

thedominant product segment during the forecast period.Portable air conditioners are

highly efficient and compact in nature and are expected to register fastest CAGR for

forecast period, as they do not require everlasting installation and can be moved from

one place to another with ease.

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The global air conditioning systems market is expected togrow almost twofold with a

double digit CAGR for the forecast period. As of 2013 APAC is the largest market for

global air conditioning systems market with almost 30% of market share followed by

North America and Europe. Higher disposable incomes followed by improved lifestyle

arekey growth factors for the APAC market.Europe is estimated to register high growth

rate with an increase in infrastructure development supported by varying weather

conditions, and take leadin global air conditioning systems market by 2020. Diverse


Report Description

Report Description

weather conditions, demand for energy efficient products, technological development

and increasing demand from end user sectors is fuelling the growth of global air

conditioning systems market.

Use of air condition systems working on solar power and other conventional sources is

the upcoming trend in global air conditioning system market. Strict power consumption

and energy regulation norms supported by increasing consumer awareness is a key

challenge for the air conditioning systems market.

Major players in the global air conditioning systems market include Daikin Industries Ltd,

Samsung Electronics, Hitachi Ltd amongst numerous other players.Key players have

adopted strategies including joint ventures along with mergers and acquisitions to

expandglobally and are simultaneously improving their distribution network to establish

strong market presence.

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Diverse weather conditions, demand for energy efficient products, technological

development and increasing demand from end user sectors is expected to fuel the

growth of global air conditioning systems market in the coming future


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