The global Air Conditioning market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. To support advanced technologies that can further improve the efficiency of AC systems, the government of Japan is establishing regulations and legislation for AC manufacturers. In 2013, the International Energy Agency (IEA) set a goal to achieve the global building energy-efficiency goals. The IEA aims to achieve AC efficiency up to 20-40% by 2030 and 30–50 % by 2050. The AC industry has improved the energy efficiency of AC systems through a combination of technological innovation and market transformation strategies such as product lunch. Further, there are advancements in low-GWP refrigerants that will reduce the global warming caused by refrigerants used in AC. The increasing use of low-GWP refrigerants by AC manufacturers is expected to contribute to the growth of the market.
To request a sample of our report on Global Air Conditioning Market https://www.omrglobal.com/request-sample/air-conditioning-market
However, there are certain factors that are affecting the growth of the market. The increasing electricity cost, differing prices of raw materials, incompatible with environmental protection, and high cost of maintenance are some of the major factors that are hindering the growth of the global air conditioning market.
A full report on Global Air Conditioning Market is available @ https://www.omrglobal.com/industry-reports/air-conditioning-market
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By Application
- By Refrigerant Type
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Blue Star Ltd., Daikin Industries, Ltd., Haier Electronics Group Co., Ltd., Hitachi, Ltd., LG Electronics., and Voltas Ltd. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
oDeviation from the pre-COVID-19 forecast
oMost affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Air Conditioning Market Report Segment
By Application
- Residential
- Commercial
- Industrial
- Others
By Type
- Split Type Window AC
- Rooftop
- Indoor Packaged Air Conditioners
- VRF
- Chillers
- Others (AHU/FCU)
By Refrigerant Type
- HCFC (Hydrochlorofluorocarbons)
- HFC (Hydrofluorocarbons)
- HFO ((Hydrofluoric-Olefin))
- Natural Refrigerant
Global Air Conditioning Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
For More customized Data Request for Report @ https://www.omrglobal.com/report-customization/air-conditioning-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
