Air Conditioning Systems Market Size, Trends & Forecast

1. Air Conditioning Market Analysis Report (2019-2025) As per the latest research report, the Global Air Conditioning Market was valued USD 135.2 billion in 2019 and is expected to reach around USD 292.7 billion by 2025, at a CAGR of approximately 11.7% for the forecast period from 2019 - 2025. The requirement for keeping healthy indoor air that is getting damaged from thermal environmental factors such as humidity, temperature, and air pressure, supports the market growth. Rising initiatives of the major companies that manufacture energy-efficient products to increase consumer awareness about energy conservation are propelling the global air conditioning systems market. Additionally, concerns about air pollution are resulting in the increased demand for air puri- fying technologies and penetrating the air conditioning systems market in the capital. But the pres- ence of a large number of significant players is making this market extremely competitive. Recent Developments Mitsubishi Electric Corporation has announced that the Japan Aerospace Exploration Agency has designated them as the contractor of the Martian Moons Exploration (MMX) space probe.  Samsung Electronics Co., Ltd., a world-leading company in the advanced semiconductor technology market, has announced that it has started the mass production of its new cutting- edge semiconductor fabrication line in Hwaseong, Korea.  Market Drivers And Restraints Advancements in the housing standards are increasing the demand for room air conditioners in con- sumers. Also, packaged air conditioners are supposed to grow at a notable rate due to the rising per- mit rates for the construction of offices, malls, and industries. The inclination of the consumers towards energy-efficient systems, coupled with the rising popular- ity of portable systems is anticipated to impact the air conditioning systems market growth posi- tively. Varying weather conditions, technological advancements, energy-efficient products' demand, and the growing demand from the end-users sectors is estimated to propel the growth of the global air conditioning systems market during the forecast period. Also, increasing incomes in disposable in- dividuals across the globe will push the uptake of a variety of air conditioning systems over the forecast period. However, energy regulation norms and strict power consumption getting implemented by various nations across the globe for increasing consumer awareness is a crucial challenge for the global air conditioning systems market. View full report @ https://www.marketdataforecast.com/market-reports/air-conditioning-systems- market Report Segmented as Global Air Conditioning System Market- By Product Portable AC  Window AC  Split AC 

2. Global Air Conditioning System Market- By Application RAC  PAC  VRF  Global Air Conditioning System Market- By End-User Residential  Commercial  Others  Geographical Analysis North America  Europe  Asia-Pacific  South America  Middle East & Africa  In the regional analysis of the global air conditioning systems market, Asia Pacific is the dominant sector, in terms of revenue, with a share of over 55% during the review period. The demand for air conditioning systems in the Asia Pacific region is due to the demand from Japan, China, and India. Additionally, the air conditioning systems getting replaced with the energy-efficient equipment and the increasing number of commercial buildings in the emerging economies like India and China are major drivers of the growth of the target market in this region. Key market players Mitsubishi Electric Corporation  Midea Group Co., Ltd.  Samsung Electronics Co., Ltd.  Hitachi, Ltd.  Sharp Company  lennox International Inc. Ltd.  United Technologies Corp.  Panasonic Corporation  Electrolux AB. Ltd.  Request sample report @ https://www.marketdataforecast.com/market-reports/air-conditioning-sys- tems-market/request-sample