TechNavio recognizes the following companies as the key players in the Global Air Conditioning Market: Carrier Corp., Daikin Industries Ltd., Ingersoll-Rand plc, Johnson Controls Inc., and LG Electronics Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Air Conditioning market is increasingly adopting green technology and using renewable energy sources to create energy-efficient, eco-friendly air conditioning systems. The governments of many countries such as Saudi Arabia, UAE, and the US are adopting green initiatives and promoting the use of renewable energy sources to promote clean energy. Moreover, the advent of hybrid systems and non-polluting refrigerants has led to the provision and adoption of green technology by vendors and end-users, respectively. In addition, vendors are developing innovative air conditioning systems that are compatible with eco-friendly refrigerants. Further, companies are manufacturing air conditioning systems to meet/exceed the guidelines set by the ENERGY STAR program and the EnergyGuide labels.”
According to the report, the market has been witnessing an increase in the global sales of homes and new buildings, leading to an increase in construction activities. This increase in construction activities, which directly influences the sales of air conditioning systems, is expected to drive the growth of the Global Air Conditioning market.
Further, the report states that one of the key challenges in this market is the capital-intensive nature of the market. Moreover, the global downturn in the economy has made it difficult for vendors to invest heavily in the market.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-air-conditioning-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Air Conditioning Market 2012-2016
