Global Air Conditioner Market to be worth 150 million units by 2020

BLOOMINGTON, Minn. - Sept. 15, 2015 - PRLog -- BIS Research has announced its comprehensive report entitled, “Global Air Conditioner (AC) Market focus On Types (Including Geothermal, Renewable), Application & Region — Estimation & Forecast Through 2015 to 2020.” The overall global AC shipment is expected to grow at 5.13% CAGR from 2015 to 2020 reaching over 151 million units.The research analyzes the AC market by AC types, ducting types and different applications allowing the research to develop a comprehensive outlook of market.

Various technological advancements over the last 10-15 years, increasing demands for the air conditioners by growing population and innovative solutions have resulted in increasing use of AC’s in summers as well as winters. In addition to the residential segment, growing hospitality and tourism sectors are contributing significantly towards rising demand for air conditioners across the globe. In the U.S. and APAC 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.

The analyst at BIS Research says, “The report is the culmination of insightful opinions of industry leaders, along with a thorough understanding of the entire industry, incorporating key market drivers and challenges for the current and forecast years. The report identifies a substantial growth opportunity in the global air condition market. Our report can certainly be an enlightning source of information and you will get a peek into various facets of global AC market as we have taken efforts to include all details as to cost analysis and pricing of the same”.

In contrast to the rosier side to this promising technology the report includes several challenges plaguing the market growth for this industry. The emissions of hazardous chemicals affecting the environment, rising energy consumption and increasing electricity prices among others have been listed as the key pain points for this industry. Despite these challenges, the opportunity and scope of expansion is tremendous. One such opportunity is the availability and use of renewable energy.

The report highlights a section for geographical analysis of the market. All the major regions: The Americas, Europe, APAC, Middle East, Africa have been covered. Some of the key market players profiled in this report are Daikin, Fuji, Gree, Honeywell, Johnson, Lennox and LG among others. The document entails strategies and dynamics of the global air condition market incorporating Porter’s five forces analysis.

About BIS Research(http://bisresearch.com):
Business Intelligence and Strategy Research is a research and advisory company which focuses on emerging trends in the market. BIS Research is known for in-depth global market intelligence reports covering important industries like Semiconductor, Telecom, Information Technology and other emerging technologies. We follow a proven methodology which carries important information from our primary and secondary research followed by a deep analysis.

BIS Research offers a whole array of industry verticals which proffer clients end-to-end solutions of market intelligence research. Some of the verticals that have been covered by the company include Automotive Sensors, 3D Printing, Process Automation Technology, Wearable Electronic Technology, and Internet of Things among others.