Future Market Insights
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Report Description<br />
Global air conditioning systemsmarket is segmented on the basis of product types such as<br />
room air conditioners, packaged air conditioners, split air conditioners, mini split air<br />
conditioners, ductless air conditioners, terminal air conditioners, central air conditioners,<br />
portable air conditioners and packaged central air conditioners.<br />
Improvement in housing standards is fuelling the demand for room air conditioners while<br />
packaged air conditioners is estimated to grow at a moderate rate with rising permit rate<br />
for construction of mall, offices and industries.Split air conditioning systems on the other<br />
hand offers plenty of benefits including less noise, low initial cost and ease of installation.<br />
It accounts for over half of the overall share in terms of revenue and is estimated to be<br />
thedominant product segment during the forecast period.Portable air conditioners are<br />
highly efficient and compact in nature and are expected to register fastest CAGR for<br />
forecast period, as they do not require everlasting installation and can be moved from<br />
one place to another with ease.<br />
The global air conditioning systems market is expected togrow almost twofold with a<br />
double digit CAGR for the forecast period. As of 2013 APAC is the largest market for<br />
global air conditioning systems market with almost 30% of market share followed by<br />
North America and Europe.
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