- The key vendors in the global residential air conditioners market 2015-2019 are Daikin, Mitsubishi Electric, Hitachi, Haier, and LG.
London, 30 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global residential air conditioners market 2015-2019. The advent of decoupled systems is a key trend observed in this market. Decoupled systems function by separating the ventilated air from the cooling and heating functions. This system is more efficient and, therefore, aids in high cost savings. In such a system, the heating and cooling requirements are met by water-based systems as water can transfer energy more efficiently than air. The global residential air conditioners market is expected to grow at a CAGR of 12.01% during the forecast period of 2014-2019.
Rapid growth of the residential construction market is expected to positively impact the prospects for growth in this market. Countries like the US, Mexico, and India are currently experiencing significant development in the construction sector. This has resulted in the increasing number of privately owned houses in these regions. The rise in the number of privately owned housing units is expected to augment the adoption of residential air conditioners during the forecast period.
“The variable air volume systems provide ventilation, heating, and cooling functions whereas the decoupled systems work by separating the ventilated air from the cooling and heating functions. The cost savings generated by decoupled systems also result in energy savings,” says Faisal Ghaus, Vice President of Technavio Research.
“The heating and cooling requirements are met through water-based systems since water can transfer energy more efficiently than air. Due to this, the amount of energy required to deliver the heating and cooling function is reduced significantly.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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