North America Air Conditioning Systems Market Share, Revenue, Drivers, Trends And Influence Factors Historical & Forecas

1. North America Air Conditioning Systems Market Revenue, Pricing Trends, Growth Opportunity, Regional Outlook And Forecast To 2025 “North America Air Conditioning Systems Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast” The North America air conditioning systems market size was accounted for USD 28.81 billion in 2013. This growth can be associated with increasing demand for power-saving and energy efficient products among the millennial population across this region. The market in terms of units is anticipated to expand from 34.81 million in 2013 to 50.02 million in 2020 and is expected to witness a CAGR of 5.3% during the forecasted years, 2014-2020. This market is expected to boost in the upcoming years due to rapid advances being made in terms of technology across the globe. For instance, usage of natural refrigerants and appliances that can operate on inverters are anticipated to positively impact the market growth. Moreover, stringent rules and regulations being imposed by statutory governing bodies regarding the usage of power-saving equipment and rising awareness about efficient ways for utilizing the energy are expected to fuel up the market growth. In addition, rising demand for replacement products is expected to propel the market growth thereby generating USD 52.56 billion in 2020with a CAGR of 9.0%. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/north-america-air-conditioning-systems- market/request-sample This industry is anticipated to register a significant growth on account of rising construction activities. However, strong competition among the Chinese suppliers and key manufacturers in terms of product pricing is expected to act as a hindrance in the market growth for the major suppliers.

2. Moreover, various public forums and governing bodies are spreading awareness about the usage of energy- efficient appliances that are eco-friendly. Furthermore, emergence of Chinese producers like Gree, Midea, and Haier is expected to reduce the profit margins thereby acting as a hurdle for new entrants. Products Insights The segment of split air conditioning systems held the largest share of around 60% across the market in 2013 and it is anticipated to continue its dominance over the forecast period. This growth can be associated with salient features like reduction in noise levels, less cost of installation, and ease of handling. As these systems split cold and hot sides of air, they consume less power as compared to the rest of the types. Moreover, the portable segment is also gaining traction on account of ease of usage and installation. Additionally, the airside product segment is also anticipated to register significant growth in the upcoming years. Application Insights The residential application segment held the largest share exceeding 40% across the North American market in 2013. The commercial application segment is expected to register significant growth due to rising trend for the usage of such appliances in places like tents. This segment covers the construction industry, tourism sector, hospitals, health clubs, and clinics. Moreover, rising demand for portable air conditioners for camping, trekking, and other outdoor activities is expected to drive the market growth in the upcoming years. Regional Insights The regional market for air conditioning systems is anticipated to boost in the upcoming years on account of diverse climatic conditions. In addition, rising disposable income among the millennial population has paved the way for the market growth for such products. Moreover, shifting trend towards usage of power-efficient appliances rather than conventional air conditioners is anticipated to positively impact the growth of North America air conditioning systems market. Mexico is expected to witness significant growth with a CAGR of more than 10.3% during the forecast period, 2014 to 2020. U.S. held the largest share of around 83.5% across the market. It is also expected to continue its dominance in the upcoming years on account of climatic variations across the country. Competitive Insights The key players in this market are Daikin Industries Ltd., Carrier Corporation, Hitachi, Mitsubishi and Ingersoll Rand. These players are continuously engaged in product development and innovation to gain competitive advantage over other players. Additionally, they are expanding their brand awareness and product reach by implementing several marketing strategies like joint ventures, mergers and acquisitions. Moreover, they are also focusing on developing stronger and wider distribution network to boost their sales. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/north-america-air-conditioning-systems-market Table Of Contents

3. 1North America Air Conditioning Systems Overview 2Global North America Air Conditioning Systems Application Estimates & Trend Analysis 3Global North America Air Conditioning Systems Size and Growth Prospects 4Global North America Air Conditioning Systems Analysis by Region 5Global North America Air Conditioning Systems Analysis by Type 6Global North America Air Conditioning Systems Analysis by Application 7Global North America Air Conditioning Systems Manufacturers Analysis 8Global North America Air Conditioning Systems Technology and Development Trends See More Reports Of This Category By Million Insights @ https://www.millioninsights.com/industry/hvac Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184