The global air conditioners market is expected to gain impetus from their increasing demand from the urban areas backed by the rising air pollution, surging levels of humidity, and temperatures. Fortune Business Insights™ provided this information in an upcoming report, titled, “Air Conditioners Market Size, Share & Industry Analysis, By Type (Room AC-Windows, split, Ducted AC- Ceiling Concealed, Rooftop Packaged, Ductless AC- cassette, Floor Standing, Ceiling Suspended, Centralized AC- Condensing Unit, VRF, AHU/FCV, Chillers), By Application (Residential, Commercial Offices and Retail, Industrial), By Technology (Manual, Automatic), By Distribution channel (Online Retail, Retail shops) and Regional Forecast, 2024-2032.” The report further states that the rising disposable incomes of people and the high demand for houses would spur the need of air conditioners.
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Top Companies In the Air Conditioners Market:
- O General
- Haier
- Hitachi
- Blue star
- Videocon
- Whirlpool
- LG
- Daikin
- Samsung
- Voltas
Information Source: https://www.fortunebusinessinsights.com/air-conditioners-market-102556
What Does This Report Contain?
- Present, estimated, and historical sizes of the market.
- Profiles of all the renowned companies.
- Elaborate information about the strategies of the key players.
- New developments, both technological & launches of products.
Drivers & Restraints-
Increasing Need for Relaxation & Comfort to Augment Growth
The rising population across the globe is one of the major drivers for the air conditioners market growth. It is further creating high demand for such appliances because of a need for comfort and relaxation from the external environmental conditions. Apart from that, the increasing omni-channel retail chains of consumer electronic products are making it easy for people to purchase air conditioners. Coupled with this, the IT, BFSI, hospitality, and tourism sectors are establishing rapidly. It would also contribute to the growth of the market. However, the high cost of maintenance and the implementation of various stringent laws by the regulatory bodies associated with the designs of air conditioners may hamper growth.
Regional Analysis-
Rising Construction of Residential & Commercial Properties to Favor Growth in Asia Pacific
Asia Pacific is set to retain its dominant position by holding the largest air conditioners market share throughout the forthcoming years stoked by the presence of multiple reputed air conditioners manufacturing companies in the region. Additionally, the rising construction of residential and commercial properties is, in turn, surging the demand for air conditioners, fans, and air coolers, especially in India and China.
North America, on the other hand, is anticipated to exhibit a considerable growth in the coming years fueled by the increasing awareness programs amongst consumers about the benefits of energy-efficient air conditioners. Coupled with this, the rising usage of portable appliances in this region would bolster growth.
The Global Air Conditioners Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Air Conditioners? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Air Conditioners Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Air Conditioners Market? What Was Capacity, Production Value, Cost and PROFIT of Air Conditioners Market?
- What Is Current Market Status of Air Conditioners Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Air Conditioners Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Air Conditioners Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Air Conditioners Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Air Conditioners Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Air Conditioners Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Air Conditioners Industry?
Competitive Landscape-
Key Players Focus on Launching New Technologies to Attract More Consumers
The market possesses a large number of companies that are constantly researching to develop state-of-the-art technologies. They are making new products equipped with these modern technologies for gaining a huge consumer base.
Below are the most recent industry developments:
- July 2020: Sony launched Reon Pocket, its latest wearable air conditioner. It is capable of keeping an individual cool through a smartphone application. It uses the thermoelectric cooling technology that helps in cooling a user’s body temperature by 13 degrees Celsius.
- July 2020: Hyundai Motor Group introduced three advanced technologies to manage the quality of air in vehicles. They are Fine Dust Indicator, Multi-Air Mode, and After Blow. They will be included in all the cars from Genesis and Kia brands.
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