Air Conditioning Systems Market Poised for Steady Growth in the Future

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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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...