Articles Tagged with ''air conditioning market''

Residential and commercial sectors, coupled with rising disposable income, are augmenting demand for air conditioners across the globe. Growing acceptance of air conditioners as a utility product, rather than a luxury product, is anticipated to boost growth in the global air conditioners market during the forecast period.

The global split air conditioning systems market was valued at $79.72 billion in 2015 and is forecast to expand at a compound annual growth rate (CAGR) of 5.1 percent from 2016 to 2024, reaching a market size of $127.27 billion in 2024, according to a report from Transparency Market Research.

The latest report on the global commercial air conditioning market from Technavio provides an analysis of the top three emerging trends expected to impact the market outlook from 2016 to 2020.

The global commercial air conditioning market is forecast to grow at a compound annual growth rate (CAGR) of 8.98 percent during the period of 2016 to 2020, according to a research report from ReportsnReports.

The global market for air conditioning systems was pegged at a value of $104.4 billion in 2015 and is projected to rise to $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024, according to a report from Transparency Market Research.

The global data center precision air conditioning market is expected to record a compound annual growth rate (CAGR) of more than 10 percent to 2020, according to the latest market research report by Technavio.