Research and Markets: Global Split Air Conditioning Market 2016-2020 – High Demand for Air Conditioners from Residential & Commercial Buildings
January 13, 2016 | By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/zrr3bv/global_split_air) has announced the addition of the “Global Split Air Conditioning Market 2016-2020” report to their offering.
The report predicts the global split air conditioning market to grow steadily at a CAGR of nearly 6% by 2020. Rising global population coupled with the high demand for air conditioners from residential and commercial buildings will foster the prospects for market growth during the predicted period.
Cost-consciousness and environmental awareness are the key factors that influence consumer preferences and spending. This has compelled market vendors to introduce more energy-efficient models, thereby facilitating the growth of the market. As poor indoor air quality causes health hazards, consumers are increasingly opting for ACs that can alter room temperature, as well as regulate and enhance the air quality in a room.
Construction activities in both the residential and commercial markets have grown significantly after the recovery of the global economy from the 2008 recession. The sales of homes and commercial buildings and the construction of new skyscrapers worldwide have led to an increase in the demand for ACs.
Further, the report states that the global split AC market is very capital intensive and price sensitive. Any fluctuation in the prices of raw materials will lead to a rise in manufacturing costs, affecting the profit margins of vendors.
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: Market segmentation by region
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
PART 14: Key vendor analysis
- Mitsubishi Electric
- Toshiba Carrier
- Airwell Group
- Dwyer Instruments
- Haier Consumer Electronics Group
- Lennox International
- Samsung Electronics
- Johnson Controls
- LG Electronics
For more information visit http://www.researchandmarkets.com/research/zrr3bv/global_split_air
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