Future Market Insights

Report Description
The comfort level of living beings depend to a large extent on the surrounding
environment. Temperature, air pressure and humidity are few of the most important
environment variables that keep changing throughout the year. Getting accustomed to
these changes, often becomes difficult for individuals. In order to control the
environmental conditions, air conditioning systems play a vital role. Air conditioning can
be defined as the process of simultaneous control of temperature, moisture, cleanliness
of air and air motion. Air conditioning systems are the devices which enable the process
of air conditioning.
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The global air conditioning systems market is segmented on the basis of application such
as industrial air conditioning, commercial air conditioning, residential air conditioning,
and automotive air conditioning. Increasing use of air conditioning systems in residential
setting is estimated to lead the overall market demand with almost 40% of revenue share
and is expected to keep its dominant position during the forecast period. The application
of commercial air conditioning systems is dominated by construction, hotel & tourism
sector followed by healthcare, clinics and hospitals. However individuals using portable
systems for trips and other outdoor activities are expected to fuel the growth of
airconditioning systems during the forecast period.