“Rising trend of centralized air-conditioning stimulates the global air conditioning market”
According to OMR analysis, the global air conditioning (AC) market is expected to grow at a CAGR of 3.8% during forecast period 2018-2023. The global AC market is segmented on the basis of application, type, duct type, refrigerant and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, regulations, market determinants, key company analysis, strategic analysis, market insights, company profiling, market segmentation, and geographical analysis.
"Rising urbanization in developing nations particularly in China, India, South-East Asian Nations (Thailand, Indonesia, Malaysia and others), Brazil, Mexico, Turkey and South Africa is a major driving factor for the market. Additionally, increasing disposable income in these nations along with tropical weather are also crucial factors lead to propel the growth of the market. Developed nations such the US and Western European nations have witnessed the higher installation of HVAC (heating, ventilation and air conditioning) and centralized AC systems, as compared to other regions which are more inclined towards Split and Window AC."
The trend towards centralized air condition systems enabling to drive the growth of the market. The centralized AC systems are used when large buildings, airports, theatres, shopping malls and others are needed to be air-conditioned thoroughly. These are mostly used in high buildings, structured with more than 5-7 floors. A constant volume (CV) system might be used for cooling the interior that has relatively uniform cooling requirements. While a variable air volume (VAV) have variable requirements. The trend of using centralized air conditioning systems have reported as these systems deliver improved efficiency, and significantly lower the cost by sharing load capacity throughout the building. A central chilled water system uses high-efficiency water cooled chillers and providing better energy efficiency. The efficiency of the chiller is usually defined in terms of kW/ton and/or its coefficient of performance (COP).
One of the benefits provided by the centralized system is that the air pushed through the ducts is filtered. The centralized system enables to improve the air quality of the room that significantly reduces the number of allergens and potentially decreases the presence of harmful gases. However, there is a need for regularly maintaining and changing the filter. Moreover, in the case of user living in an area having high levels of humidity, filtering air will lower the humidity level. This will, in turn, increase the comfort level of the home.
The report covers:
Comprehensive research methodology of Global Air Conditioning Market.
This report also includes detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global Air Conditioning Market.
Insights about market determinants which are stimulating the Global Air Conditioning Market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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