Showing posts with label Air Conditioning Systems Market Size. Show all posts
Showing posts with label Air Conditioning Systems Market Size. Show all posts

Wednesday, 18 May 2016

AC Companies have Come Up with Direct Current Inverter ACs

With advancements in air conditioning technology and rising demand in both developed and developing regions, the air conditioning systems market is expected to experience high growth in the coming decade, Changing weather conditions, development in air conditioning technology, rising disposable income of the consumers in the developing regions like Asia Pacific, demand for energy efficient models and replacement need in the developed regions such as North America and Europe are driving the air conditioning systems market worldwide.


Air Conditioning Systems Market was worth nearly US$100 billion in 2012 and has prospects of reaching US$178.4 billion by 2018. The market reportedly comprised 3.5 million unit sales in the Indian market alone in the fiscal year 2013-2014. On a global front, the air conditioner market is anticipated to rise at a CAGR of nearly 10.5% between 2012 and 2018, according to a report published by Transparency Market Research. According to the same report, the Asia-Pacific region acquired nearly 34.4% share of the entire market in 2012.

Air Conditioning Systems faces a few Pressing Issues

Overall, the global air conditioner market is treading along a steady path of growth for the past few years and will continue to do so in the near future as well. But, the market is also the face for many industries that are expediting the process of global warming by emitting large amounts of greenhouse gases through their products. Freon, the traditionally used refrigerant in air conditioners, is known to have a greenhouse effect that is several times more powerful than the effect of carbon dioxide. Thus, it is much more hazardous than carbon dioxide and has the capability of posing serious threats to the global environment.

Are Global Air Conditioner Manufacturers taking any actions to address these issues?

Keeping in mind that environmental protection is the largest social issue faced by air conditioner manufacturers, global businesses are investing in research and development of technologies that can contribute to solving the issue of climate change resulting from greenhouse gas emissions and large-scale consumption of conventional energy sources.

The major steps being taken by global AC manufacturers to address the issue are:

> Promoting use of energy-saving direct current inverter ACs
> Developing next-generation, low greenhouse-gas-emitting refrigerants

INFORMATION ABOUT LATEST TECHNOLOGY USED IN AC's:- http://bit.ly/1Tf3cWX

Direct current inverter ACs: Conventional ACs are controlled by switches, making the process of refrigeration/heating quite slow. Through supplying a direct current to ACs, companies are trying to solve the issue of speed overshoot. Direct current inverter ACs are controlled by advanced controlling technologies, making temperature control accurate, saving time in heat transfer and reducing energy consumption. Many global AC companies such as Daiken, LG, Samsung electronics, among others, have come up with direct current inverter ACs in the market. The adoption of such systems has reportedly increased from nearly 7% in 2009 to an enormous 60% in the China residential AC market by 2014.


Developing next-generation Refrigerants: Global AC companies are working with governments in promoting R32, a next-generation refrigerant, as a replacement for Freon. R32 is a substance with properties contributing towards the protection of ozone layer and prevention of global warming. R32 also possesses a greater energy efficiency threshold, and is easy to recycle and reuse. Daikin, one of the world’s prominent air conditioner manufacturers, launched its first R32 residential-use air conditioner in Japan in 2013. The company is planning to promote it to other regional markets as well.

Thursday, 7 January 2016

Air Conditioning Systems Market: Energy Efficient Models to be Greatest Competitive Tool

The global air conditioning systems market is estimated to grow at a CAGR of 10.5% between 2012 and 2018, reaching US$178.4 billion by the end of 2018, states a study by Transparency Market Research. The report, titled ‘Air Conditioning Systems Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012 – 2018’, also finds that Asia Pacific dominates the global air conditioning systems market with a 34.4% share as of 2012, and will continue to remain in a dominant position over the next three years. In the APAC region, consumers with higher disposable income are seeking a comfortable lifestyle, and air conditioning is one of the means to achieve this end.

The report discusses the intricacies of the impact that energy efficiency initiatives will have on the global air conditioning systems market. Currently, air conditioners are regarded as appliances that consume massive amounts of energy. Manufacturers are thus innovating to change this perception – especially in the backdrop of environmental regulations. The market currently offers considerable scope for the development of energy-efficient air conditioning systems.

Free PDF Sample report can be obtained at:

North America trails the APAC region in terms of market share. Here, the dynamics of the market are slightly different in that demand stems chiefly from the need to replace or maintain older systems. Consumers installing new air conditioning systems prefer energy-efficient models or those with low emissions. Moreover, products that boast advanced features and new climate control/sensible cooling technologies are preferred. The report finds that there is an expanding market for air conditioning systems that work on solar power or other unconventional energy sources. The stringent energy and power-consumption regulations here are responsible for the change in consumer demand.

The growth of the air conditioning systems market largely depends on the state of the construction and housing sector. With higher construction permits being awarded, the need for equipment such as air conditioning systems rises. A rise in the total spending across industry verticals is being observed. This aspect will likely drive the global air conditioning systems market over the next few years, which will witness demand from end users such as manufacturing units and other small to medium enterprises.

The TMR report observes that North America and Europe offer considerable scope for the development of the air conditioning systems market. According to the estimates of this report, the portable air conditioning systems market in North America is poised to grow from its 2012 figures of 973.7 thousand units to about 1,743.7 thousand units by the end of 2018. This marks an estimated compounded annual growth rate (CAGR) of 10.2% between 2012 and 2018.

However, in regions that are exposed to extreme weather conditions, the adoption rate of split air conditioning systems is higher. Split air conditioners offer the advantage of better temperature control, making them suited to very hot or very cold regions. Portable systems are more reasonable as compared to window-fitted air conditioning systems.

However, the former product category will likely witness higher prices as the demand gradually goes up.

The report profiles leading market players including but not limited to: Samsung Electronics, Daikin Industries Ltd., Mitsubishi Corporation, LG Electronics, Hitachi Ltd., Panasonic, Carrier, and Sharp Corporation.

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