The Air conditioning systems Market comprises Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. By revenue, Asia Pacific is projected to dominate the global market for air conditioning systems with a share of over 55% during the forecast period. The demand for air conditioning systems in Asia Pacific is likely to be ... Read more
The climatic changes, government mandates for using environment friendly refrigerant, in addition to increasing middle class population in developing countries are the predominant growth drivers for the air conditioning systems market. Moreover, the stringent government mandates for energy efficient models has led to the replacement of existing air conditioning systems in the developed regions, ... Read more
The market for air conditioning (AC) has been one of the rapidly developing and growing markets in the past few decades, but in this era the air conditioning market has reached the maturity stage of the PLC (Product Life Cycle) and is expected to be in the maturity stage for a long period. The dynamic state of this industry can largely attribute to increasing development, unpredicted population growth in the developed and the ... Read more
Rising purchasing power of middle-class population, primarily in the APAC region and growing demand for environment friendly refrigerants are observed to be the key growth drivers of global air conditioning systems market. Growing middle class population in developing countries such as China, India, and Brazil have been a ... Read more
