San Francisco, 17 January 2019: The Report North America Air Conditioning Systems Market Analysis By Product (Portable,
Window, Split, Single Packaged, Chillers, Airside), By Application
(Residential, Commercial, Industrial) And Segment Forecasts To 2020
The North America air conditioning systems market is expected to reach USD 52.56 billion by 2020, according
to a new study by Grand View Research, Inc. Increasing construction expenditure
is expected to drive the market across residential, commercial and industrial
sectors. Additionally, favorable regulatory initiatives for energy efficiency
are also expected to fuel market growth over the next six years.
Technological advancement has bolstered
product development and innovation. High degree of competition from other
regional markets, coupled with lower prices of products offered by Chinese
manufacturers may hinder the industry in North America over the forecast
period. Growing application areas, such as the use of portable air conditioning
systems in tents for outdoor activities is expected to be an opportunity for
industry participants over the next six years.
Access
Research Report of North America Air
Conditioning Systems Market @ www.grandviewresearch.com/industry-analysis/north-america-air-conditioning-systems-market
Further key findings from the study suggest:
· Split air conditioning systems accounted
for over 60% of the overall market revenue in 2013. They offer a high degree of
flexibility and are relatively cost effective to install. In addition, split
air conditioners offer a large amount of control to the user, since each
conditioner functions as a separate unit. Portable air conditioners are
expected to witness the fastest growth over the forecast period, mainly due to
the high level of convenience they provide.
· Residential application accounted for over
40% of the market in 2013, and is further expected to remain the largest
segment through the forecast period. Commercial applications such as the
tourism and construction industries are expected to grow faster than the global
average over the next six years.
· The U.S. contributed to over 83% of the
revenue generation in North America in 2013, and is expected to continue
dominating the market over the forecast period. This can be attributed to
energy efficiency guidelines set by the US Environmental Protection Agency
(EPA). Mexico is expected to be the fastest growing regional market, at an
estimated CAGR of 10.3% from 2014 to 2020.
· Key industry participants employ strategies
such as mergers, acquisitions and strategic collaborations to gain market
share. Daikin Industries Ltd., Ingersoll-Rand, Carrier Corporation, Hitachi,
Johnson Controls, Mitsubishi, etc. are among the companies operating in the
market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the North
America air conditioning systems market on the basis of product, application
and region:
Air Conditioning Systems Product Outlook
(Volume, Thousand Units and Revenue, USD Million; 2012 - 2020)
·
Portable Air Conditioning Systems
·
Window Air Conditioning Systems
·
Split Air Conditioning Systems
·
Single Packaged Air Conditioning Systems
·
Chillers
·
Airside Conditioning Systems
Air Conditioning Systems Application
Outlook (Volume, Thousand Units and Revenue, USD Million; 2012 - 2020)
·
Residential
·
Commercial
·
Industrial
Air Conditioning Systems Regional Outlook
(Volume, Thousand Units and Revenue, USD Million; 2012 - 2020)
·
U.S.
·
Canada
·
Mexico
Access Press Release of
North America Air Conditioning Systems Market@ www.grandviewresearch.com/press-release/north-America-air-conditioning-systems
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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