Global air conditioning market size, share, market trends, research and analysis report by application (residential, commercial, industrial, healthcare, institution, automotive) by type (splits, rooftop, indoor packaged, chillers, VRF, AHU/FCU) forecast 2018-2023
“Global air conditioning market shows growth driven by rising demand for inverter air conditioning systems”
According to OMR analysis, the global air conditioning market is driven by increasing demand for the inverter air conditioning system. Due to the advantages of inverter air conditioning system such as lower energy consumption and shifting speed motors that adjust its speed, the demand for inverter air conditioners is increasing across the globe. additionally, it consumes around 30-40% less energy as compared to the regular split air conditioning systems. Orion Market Research 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.
Full report of global air conditioning market is available at Global Air Conditioning Market
Inverter 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. Air conditioning market players such as Hitachi, Haier, Panasonic, Voltas, Daikin, and LG Electronics are focusing to promote Inverter air conditioners. 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 air conditioners 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 delivers precise cooling or heating power as required in a short time. Benefits of an inverter air conditioning include cost-effectiveness, quick temperature control and start-up time, quieter, higher stability and so on.
Factors such as government regulations and energy-saving benefits are responsible for this rapid demand for inverter air conditioners. The countries such as Japan, Australia, and the US are majorly shifting towards inverter air conditioners. These countries are significantly contributing to the growth of the global market due to the presence of a major player in these regions. For instance, Daikin, the air conditioning market leader in Japan is offering a wide range of cost-effective inverter air conditioners. Further, companies are also working towards reducing the price gap between entry-level inverter air conditioners and 5-star regular air conditioners.
Major applications/end-user industry are residential, commercial, industrial, healthcare, institution, automotive and others.
The study is segmented by following air conditioners Type include splits air condition, rooftop, indoor packaged, chillers, refrigerant type, variable refrigerant flow (VRF) and air handling unit & fan coil unit (AHU/FCU).
North America (the United States and Canada)
Europe (United Kingdom, Germany, France, Spain, and Italy)
Asia-Pacific (China, India, South Korea, and Japan)
Rest of the Word (the Middle East & Africa and Latin America)
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