DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rfhvg9/global_air) has announced the addition of the "Global Air Conditioner (AC) Market Focus on Types (Including Geothermal, Renewable), Application & Region Estimation & Forecast Through 2015 To 2020" report to their offering.
The overall global AC shipment is expected to grow at 5.13% CAGR from 2015 to 2020 reaching over 151 million units
The market growth is gaining speed as increasing global warming is deteriorating the weather conditions and AC demands are increasing. Many regulatory bodies like BEE (Bureau of Energy efficiency), Department of Energy (DOE), ASHRAE (American Society of Heating, Refrigerating, and Air-Conditioning Engineers) among others are releasing regulations benefitting both, the environment and the consumers, at the same time. These regulations are increasing the energy efficiency and eco-friendliness of the AC products.
As the global warming and other environmental concerns are increasing, the government bodies are regulating the manufacturing standards of the air conditioning systems. The major aim of these regulations is to make the ACs more environmental friendly and energy efficient. The consumers/end users are benefitted indirectly by these regulations as their energy spending is reduced. Energy usage has increased a lot and many companies have started manufacturing and promoting the air conditioners which are running on renewable energy like geothermal and solar energy.
The AC market growth is propelled by increasing demand for the Air Conditioners in the commercial and residential applications, reduction of energy consumption and innovative solutions that have created a demand for the ACs. In the U.S., the Middle Eastern and Asia-Pacific regions, the demand of ACs in fighting the weather conditions has significantly boosted. The compliance of the government regulations are resulting in less consumption of energy and environmental friendliness, and has also led to an ever growing demand for ACs across all applications.
Key Market Players Profile
- Daikin Industries Ltd.
- Fuji Electric
- Fujitsu General
- Gree Electric Appliances Inc.
- Honeywell International
- Ingersoll Rand
- Johnson Controls
- Lennox International
- LG Electronics
- Panasonic Corporation
- Petra Engineering Industries Co.
- Samsung Electronics
- Shaker Group
- Siemens Building Technologies
- Skm Air Conditioning Summary
- Voltas Limited
- Zamil Air Conditioners
For more information visit http://www.researchandmarkets.com/research/rfhvg9/global_air
