Research and Markets: Global Air Conditioning Market 2016-2020
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/vc6gpm/global_air) has announced the addition of the “Global Air Conditioning Market 2016-2020” report to their offering.
This new report predicts the global air conditioning market to grow at a CAGR of around 8% during the forecast period. The intensifying urban heat island (UHI) effect is the primary driver for the growth of this market. The UHI effect is a major cause of rising temperatures worldwide, with the lack of greenery; widespread, dark roofs; and paved surfaces in cities adding to the increased absorption of solar radiation.
The rising awareness about energy efficiency is also expected to boost market growth during the forecast period. Energy efficiency is of vital importance for both consumers and governments as unrestricted use of energy has put a high pressure on energy supply and also increased its cost.
Vendors are developing green and efficient technologies and are redesigning their product offerings to reduce running costs, with a focus on sustainability. This is predicted to drive the replacement of existing low energy-efficient air conditioning equipment during the forecast period.
APAC accounted for around 62% of the market share during 2015 and is expected to retain its market leadership until the end of the forecast period. The growing urbanization and rising levels of income in countries such as India, China, and Vietnam are driving the market growth in this region. China and Japan are the market leaders in APAC accounting for a combined market share of around 80%.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Gree Electric Appliances
- Mitsubishi Electric
- Toshiba Carrier
- Blue Star
- Johnson Controls
For more information visit http://www.researchandmarkets.com/research/vc6gpm/global_air
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Manufacturing and Industry