North America Air Conditioning Systems Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Air conditioning is a refrigerant machine that remove excess amount of heat and moisture from the air and replaced with coolant air in an enclosed space. Basically, this system consists evaporator and condenser coils, fan, chemical refrigerant and compressor. The air conditioning system provides comfortable environment that helps in increasing human efficiency along with filtered air in an enclosed area by restraining the entry of dust particles or smoke. Due to this benefits, these systems are installed across residential, commercial and industrial spaces. It finds applications in various electronic devices where cooling is necessary such as power amplifiers, computer servers, and some delicate products.

Market Dynamics

Increasing demand of air conditioning systems from commercial application are expected to drive market growth during the forecast period. There has been increase in the construction of malls, hotels, hospitals, auditoriums and residential complexes in emerging regions such as North America, Asia Pacific, Latin America and Middle East and Africa. This has further increased the demand for air conditioning system for cooling and maintaining indoor quality. Moreover, rising government concerns and regulations for reducing emission of carbon have led to the increased consumer inclination towards green air conditioning systems globally. In addition to this, launch of various government initiatives for promoting eco-friendly products are also driving the market growth. For instance, in February 2019, Energy Efficiency Services Limited, Government of India, launched ‘Super-Efficient Air Conditioning Program’ for replacing conventional AC systems with their new and eco-friendly counterparts.

Advent of smartphone-enabled air conditioning systems can present lucrative growth opportunities. Many market players are focused on providing smartphone-enabled air conditioning systems. These systems can be controlled with smartphones, acting as its remote control unit. Moreover, manufacturers are also providing Wi-Fi-enabled ACs, which can be controlled even if use is away from home. Key players in the market can capitalize on these opportunities and gain a competitive edge in the market.

Market Taxonomy

This report segments the global air conditioning systems market on the basis of product type, End use and region. On the basis of product type, the global air conditioning systems market is segmented into Portables, Windows, Split, Single Packaged, Chillers and Airside. On the basis of End use, the global air conditioning systems market is segmented into Residential, Commercial (Construction, Tourism and Hotel Industry, Tents: New End-Use Segment and Others), and Industrial. On the basis of country, the global air conditioning systems market is segmented into U.S., Canada and Mexico.

Key features of the study:

• This report provides an in-depth analysis of the global air conditioning systems market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global air conditioning systems market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global air conditioning systems market are Daikin Industries Ltd., Carrier, Goodman, Lennox, Panasonic, Ingersoll Rand, LG Electronics, Samsung Electronics, Mitsubishi Corporation, and Hitachi Ltd.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global air conditioning systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global air conditioning systems market.

Detailed Segmentation:

North America Air Conditioning Systems Market, By Product Type:

• Portables
• Windows
• Split
• Single Packaged
• Chillers
• Airside

North America Air Conditioning Systems Market, By End use:

• Residential
• Commercial
• Construction
• Tourism and Hotel Industry
• Tents: New End-Use Segment
• Others
• Industrial

North America Air Conditioning Systems Market, By Country:

• U.S.
• Canada
• Mexico
• Company Profiles
• Daikin Industries Ltd.*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Carrier
• Goodman
• Lennox
• Panasonic
• Ingersoll Rand
• LG Electronics
• Samsung Electronics
• Mitsubishi Corporation
• Hitachi Ltd

*Browse all the market data tables and figures on “North America Air Conditioning Systems Market- Forecast to 2027”