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North America Air Conditioning Systems Market Growth And Segment Forecasts, To 2020: Hexa Research
North America Air Conditioning Systems Market Growth And Segment Forecasts, To 2020: Hexa Research
Latest Report, "North America Air Conditioning Systems Market Analysis, Size And Segment Forecasts To 2020" is available at Hexa Research database.
Felton,
California,
United States of America
(prbd.net)
29/04/2015
Industry Insights
Improvement in air conditioning technology and rising acceptance of energy efficient models such as variable refrigerant flow (VRF) air conditioning systems in North America is expected to positively impact market growth. Increasing infrastructure spending and rising disposable income are expected to drive the air conditioning systems market over the forecast period. North America air conditioning systems market was estimated at USD 28.8 billion in 2013. Stringent U.S. government regulations regarding replacement of traditional air conditioners along with increasing consumer awareness is expected to drive North America air conditioning systems market growth. Air conditioners utilize harmful refrigerants that contribute drastically to global warming.
Replacement demand is expected to fuel the market. Increased adoption of inverter-based portable air-conditioners is also expected to drive market demand over the next six years. These products utilize renewable energy sources and green technology for eco-friendly portable air conditioners. However, strong competition from Chinese manufacturers may hamper market growth.
For More Informaion About TOC Of And Request For Sample Report On North America Air Conditioning Systems Market at: http://www.hexaresearch.com/research-report/north-america-air-conditioning-systems-market-analysis-segment-forecasts-2020/
Product Insights
Product segments include airside, chillers, single packaged, split air, window air and portable air conditioning systems. Portable air conditioner is expected to be a high growth segment on account of the favorable features offered by these conditioners, such as compact size, high efficiency levels and portable nature. Split air conditioning systems is expected to be the dominant market segment; it accounted for over 60% of the market share in 2013. Increased applications of non-ducted split systems owing to their high energy efficiency, easy installation and flexibility is the key factor contributing to the segment growth. Airsides, which consist of fan coils and Air Handling Units (AHU), are expected to witness high growth over the six years.
Application Insights
Air conditioning systems are used in industrial, commercial and residential applications. The commercial sector is expected to exhibit high growth as it is primarily driven by end-use industries such as tourism, construction, hospitals, clinics, and health clubs. Residential sector accounted for over 40% of the overall air conditioning systems market share in 2013. Increased private spending on construction and building effective energy systems has positively influenced this segment.
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Regional Insights
The U.S. is expected to be the most dominant segment, accounting for over 80% of the overall air conditioning systems market revenue in 2013. Demand for low energy consuming conditioners is expected to continue in this region. Growing demand from the end-use industries due to diverse weather conditions is expected to drive the regional market. Mexico is expected to exhibit high growth with a CAGR of 10.3% from 2014 to 2020.
ABOUT Hexa Research
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact:
Michelle Thoras
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Web: http://www.hexaresearch.com/
About
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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