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Air Conditioning Market Research, Industry Growth, Market Size, Share and Forecast 2018-2023

The global air conditioning (AC) market size was estimated to USD 95,080 million in 2018 and expected to grow at a CAGR of 3.8% during the forecast period. Air conditioning is a process of removing heat and moisture from a space, by cooling the area. The utilization of the air conditioning has increased in the developing countries due to increase in the high disposable income of individual and lifestyle changes. ACs are utilized in different sectors such as domestic sectors, commercial sectors & industrial sectors.

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Air Conditioning Market Research, Industry Growth, Market Size, Share and Forecast 2018-2023

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  1. Orion Market Research Air Conditioning Market: Industry Growth, Size, Share and Forecast 2019-2025 Request a free sample of our report Air Conditioning Market - Industry Size, Global Trends, Competitive Analysis and Forecast, 2018-2023 https://www.omrglobal.com/request-sample/air- conditioning-market ------------------------------------------------------------------------------------ Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404

  2. The global air conditioning (AC) market is estimated to grow at a CAGR of 3.7% during the forecast period. The market growth is attributed to the dominance of inverter AC in the market. Inverter based air conditioners are increasingly adopted across the globe due to its efficiency and energy saving attributes. It uses variable speed compressors that can maintain more exact temperature control than on/off systems. Browse the full report description Air Conditioning Market Research and Forecast 2018-2023 at https://www.omrglobal.com/industry-reports/air-conditioning-market The global AC market players such as Hitachi, Haier, Panasonic, Voltas, Daikin, LG Electronics and Onida are focusing to promote Inverter ACs. These players provide latest and innovative drive technology that reduces the number of parts that are used to transfer or transform a motion which results in lesser wastage of power. Additionally, most of the inverter ACs come with wide operating voltage range, to adjust the power of the compressor according to the voltage being supplied. Inverter air conditioning system varies the speed of the compressors and deliver precise cooling or heating power as required in a short time. To learn more about this report request a free sample copy @ https://www.omrglobal.com/request- sample/air-conditioning-market Benefits of an inverter air conditioning includes cost effectiveness, quick temperature control and start- up time, quieter, and higher stability. This increases the adoption of inverter AC and hence drives the air conditioning market. Factors such as government regulations and energy-saving benefits are responsible for this rapid demand for inverter AC. Further, government regulations are playing significant role in boosting air conditioning industry. New standards have been set for air conditioning systems which enables to reduce electricity wastage, enhance AC performance. For instance, Japan has put regulations that require air conditioners be set at a specific temperature depending on the season. EU has regulations related to heating, cooling and emission of harmful gases. Climate friendly and environment protection standards set by the governments creating considerable scope for the air conditioning market. Visit here to know more about Global Air Conditioning Market Research

  3. Global AC Market Segmentation By Application •Residential Commercial •Industrial •Healthcare •Institutions •Automotive By Type •Split-Type •Indoor Packaged AC •Rooftop •Chillers •VRF •ACU/FCU By Duct Type •Ducted AC •Ductless AC By Refrigerators •HCFCs •HFC •HFO •Natural Refrigerants Global AC Market – Segment by Region North America •US •Canada

  4. Europe •Germany •UK •France •Spain •Italy •Rest of Europe Asia-Pacific •China •Japan •India •Rest of Asia-Pacific Rest of the World •Middle East & Africa •Latin America About Orion Market Research OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +1 646-755-7667, +91 7803040404 Source: Global AC Market

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