TechNavio today launched its report Global Air Conditioner Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”There has been a rapid increase in competition among the air conditioner vendors in the last few years. This increase in competition has led to a decrease in the overall price of air conditioners. Consequently, there is an increase in price wars among the players in the market. Moreover, with the advancement of technology, the cost of the development of air conditioners is decreasing. This is also because of the large variety of vendors and their varying pricing strategies aimed at capturing significant shares in the market. Furthermore, the vendors are focusing on the development of economically-priced products in an attempt to tap the price-driven market sector.”
According to the report, one of the main drivers is the increase in steady replacement of older air conditioners. Legacy air conditioners are replaced with new air conditioners because of the need for increased lifestyle comfort and reduced energy consumption. The steady replacement of older air conditioners is a factor that is contributing to the growth of the market.
Further, the report also discusses that the Global Air Conditioner market is facing a challenge due to the lack of support and services from the market vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/3HUol
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Global Air Conditioner Market 2011-2015
