The rise of commercial air conditioner market
Air Conditioning Services: The rise of commercial air conditioner market
A report named "Commercial Air Conditioner Market Size, Share & Industry Analysis, By Type (Packaged Air Conditioners), By Refrigerants (R-32, R-410A/R-407C, R600A/R-290, Others) By End User (Healthcare, Educational/Institutional, Public/ Government, Retail, Hospitality, Manufacturing) and Regional Forecast, 2019-2026" explains that the increase in the population levels is the reason for encouraging the commercial air conditioners market growth as stated by Fortune Business Insights. The market analysis, insights, as well as the forecast, is done on the basis of the region that includes Europe, North America, Asia Pacific, Latin America, Middle East, and Africa.
In this article, we will be briefly focusing on the launch of smart energy-efficient air conditioners and the construction sector's impact that will cause a spike in growth. The market volume was around 14 million in the year 2018 and by 2026, it is expected to reach 19.4 million by 2026, with 4.3% CAGR. In the forecast period, the packaged air conditions will produce the maximum revenue. The segmentation of this market is done based on the refrigerants, namely R-32, R-410A/R-407C, R600A/R-290, etc. among which the most popular one is R-410A/R-407C owing to its energy-efficient nature. Its compressor operates at a capacity required at that condition and has features of simultaneous heating and cooling, with reduced downtime, space, and modern controls. Besides this, the VRF/VRV air conditioners also provide many features related to this segment, which causes a rise in its share.
You will find various developmental aspects of the commercial AC market in the report. It also explains the segmentations and industrial developments which has an effect on its growth. The energy-efficient smart air conditioners which were introduced in the market created a high demand as they neither cause air pollution nor deplete the ozone level. These environmental friendly solutions are available with new inverter technology. We can also find that the trend has a major shift in the manufacturers' as well as government authorities' focus on eliminating Chlorofluorocarbons CFC’S and replacing it with Hydro chlorofluorocarbons HFC or other refrigerants.
The reach of the Australian market has been fueled because of the acquisition of Airmaster Corporation Pty Ltd by Daikin Industries, Ltd through Daikin Australia Pty., Ltd. You can also find a spike in the green buildings construction which will be a positive contributing factor for market growth.
There are sensitive electronic parts in the data center that requires maintaining temperature, moisture, airflow, and cleanliness under control to ensure an up and running state of the equipment. The growth in economies and rising pollution levels in the emerging nations are also the reasons that drive market growth. The pollution is reduced because key players have increased R&D investments that support the production of refrigerants, thus, increasing the market growth.
Today, the strong market players of Commercial Air Conditioners Market are Ingersoll Rand Inc., Blue Star Ltd., Mitsubishi Electric, LG Corporation, Samsung, Airedale International Air Conditioning, Hitachi Ltd., Carrier Corporation, Daikin Industries Ltd., Johnson Controls Pvt. Ltd.
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