The global Commercial Air Conditioners market was predicted to have a volume of around 14 Million units annually in 2018 and is expected to reach 19.4 Million units by 2026, exhibiting a CAGR of 4.3%. The growth of the Commercial Air Conditioners Market, says Fortune Business Insights in a report, titled “Commercial Air Conditioners Market Size, Share & Industry Analysis, By Type (Packaged Air Conditioners), By Refrigerants (R-32, R-410A/R-407C, R600A/R-290, Others) By End User (Healthcare, Educational/Institutional, Public/ Government, Retail, Hospitality, Manufacturing) and Regional Forecast, 2019-2026.”
As per the report, the Packaged Air Conditioners are expected to generate the highest revenue during the forecast period. On the basis of refrigerants, the market is segmented into R-32, R-410A/R-407C, R600A/R-290, and others. The R-410A/R-407C segment is likely to grow at a rapid pace owing to its growing popularity in the end-user. The R-410A/R-407C are quiet and energy-efficient as its compressor runs only at the capacity needed at that current condition.
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The Prominent Players Present In The Commercial Air Conditioners Market Are:
- Carrier Corporation
- Daikin Industries Ltd.
- Johnson Controls Pvt. Ltd.
- Mitsubishi Electric
- LG Corporation
- Ingersoll Rand Inc.
- Blue Star Ltd.
- Hitachi Ltd.
- Airedale International Air Conditioning
Launch Of Energy-Efficient Smart Air Conditioners Will Propel Growth
The introduction of energy-efficient smart commercial air conditioners has resulted in high demand for air conditioners with less air pollution or ozone depletion caused. The increasing numbers of smart homes and commercial spaces demand around the globe has fuelled demand for smart commercial air conditioners with new inverter technology and environment-friendly solutions. The increasing demand for smart air conditioners owing to the lesser energy consumption is expected to create growth opportunities for the market. The air conditioners market trend includes the shifting focus of manufacturers and stringent regulation by government authorities for the production of energy-efficient and eco-friendly products by completely phasing out Chlorofluorocarbons CFC’S and replacing it with Hydrochlorofluorocarbons HFC and other refrigerants.
An all-encompassing study on the developments of the commercial air conditioners market is integrated into the report. It provides a grand synopsis of the market and discusses in detail the recent market trends besides elaborating on the segmentations and industrial developments impacting its growth trajectory.
Growth In Construction Sector Will Aid Expansion
The increasing construction of green buildings is expected to contribute positively to the market. The surge in the data center industry is expected to be one of the major factors in driving the market. Data center comprises of highly sensitive electronic components wherein temperature, humidity, airflow, and cleanliness should be maintained to avoid equipment failures. Furthermore, the market is expected to grow considerably in the coming years owing to the growing economies and increasing pollution levels in emerging nations. Moreover, rising per capita income and increasing R&D investments by key players for the production of refrigerants which cause minimum pollution and are also effective will further propel growth of the market
Market Segmentation Of Commercial Air-conditioner Market –
- Packaged Air Conditioners
- Others (R-22, etc.)
- Public/ Government
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
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