Global Air Conditioning Market: 2020 Trends, Challenges and Growth Drivers Analysis

Global Air Conditioning Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The report is about 69 pages and provides 46 Exhibit; the report is published in Nov -2015.

Global air conditioning market to grow at a CAGR of around 8% during the forecast period. This market research report provides a comprehensive segmentation of the global air conditioning market by product type (air side systems, chillers, portables, single packaged, splits, and window units). It outlines the market shares for key regions such as the Americas, APAC, Europe, and MEA. The key vendors analyzed in this report are Daikin, Gree Electric Appliances, Midea, Mitsubishi Electric, Panasonic, and Toshiba Carrier.

Complete report available http://www.rnrmarketresearch.com/global-air-conditioning-market-2016-2020-market-report.html

The intensifying urban heat island (UHI) effect is the primary driver for the growth of this market. The UHI effect is a major cause of rising temperatures worldwide, with the lack of greenery; widespread, dark roofs; and paved surfaces in cities adding to the increased absorption of solar radiation. For instance, according to the US Environmental Protection Agency, the annual mean air temperature of urban heat islands with a population of around 1 million is expected to be nearly five degrees Fahrenheit warmer in comparison to other areas.

The rising awareness about energy efficiency is also expected to boost market growth during the forecast period. Energy efficiency is of vital importance for both consumers and governments as unrestricted use of energy has put a high pressure on energy supply and also increased its cost. Vendors are developing green and efficient technologies and are redesigning their product offerings to reduce running costs, with a focus on sustainability. This is predicted to drive the replacement of existing low energy-efficient air conditioning equipment during the forecast period....