Rising affluence and global warming to boost global air conditioning industry: Ken Research

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Rising affluence and global warming to boost
global air conditioning industry Ken Research
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Ken Research has released its report on the state
of the global air conditioning industry Global
Air Conditioning Industry Situation and Prospects
2017. The comprehensive report with its in-depth
industry analysis and technical/financial details
is valuable for the industry insider as well as
the potential entrant or investor.
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The valuable report throws light on development
policies and plans, manufacturing processes and
cost structures of the global air conditioning
industry. It includes various applications,
definitions and classification of the air
conditioning industry. An investment feasibility
analysis is also included in the report. The
report introduces the reader to the manufacturing
process by analyzing it on three aspects - raw
material and equipment suppliers, various
manufacturing and associated costs and the actual
process. Upstream raw materials, equipment and
downstream consumers analysis have also been
carried out.
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To give an idea of the competitive landscape in
the industry, the report provides detailed
profiles of key players of the global air
conditioning market. For each player, product
details, capacity, price, cost, gross consumption
and revenue are provided. Another important
aspect of the report is the information on
material and equipment suppliers. Outlook of
the Air Conditioning Industry Today people the
world over use air conditioners and it has
increased the quality of their life
significantly. Among the growth triggers of the
air-conditioning industry are increase in
building renovation and remodeling projects
increase in the demand for split and mini-split
ACs, expansion of middle-class population, rise
in disposable income and popularity of energy
efficient air conditioning systems.
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The key industry players are innovating to
provide better and affordable air conditioners.
Innovations such as inverter AC and smart sensor
AC have made life easy for the consumers and
created a niche of their own in the market. The
industry also faces challenges which will impede
its growth. The challenges are soaring
electricity prices, higher production costs and
unstable weather conditions. Types of Air
Conditioners Air conditioners can be categorized
on the basis of their function and location of
installation. On the basis of installation, there
are two types of ACs for residential spaces
window AC and split AC. The spilt AC has two
units, one unit is installed outside while other
is installed inside.
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The window AC as the name suggests is installed
on the room window. People prefer the split AC
over the window AC for maintaining room
aesthetics. Another type of air conditioner is
packaged air conditioner which can be used as a
residential place or office. This type of AC can
cool more than two rooms or a larger space in
homes or offices. Generally, the packaged AC is
located in one single box and its cool air is
passed through a high capacity blower on to the
space where cooling is required. Finally, there
are central air conditioning systems which are
used for cooling big buildings, offices, houses,
gyms, hotels, theatres, factories, etc. The
central air conditioning system comprises a huge
compressor that has the capacity to produce
hundreds of tons of air conditioning.
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Segmentation of the Market by Geography
Geographically, the global AC markets are the
United States, the Asia-Pacific region, Europe
and Middle East and Africa. Today European
countries and the United States hold a major
market for the air-conditioning industry. In
these regions, the developed infrastructure, high
standard of living and disposable income and
awareness about the quality of in-door air have
led to the growth of the AC market. However, in
future, the Asia Pacific region will be a major
revenue contributor to the global air
conditioning industry. In this region, rapid
urbanization and increase in disposable incomes
will result in the rise in demand for luxury and
expensive home appliances such as air
conditioners and refrigerators.
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• Countries such as India, China, and Vietnam will
  be the drivers of the growth in this region.
• Opportunity in Developing Countries
• Growing affluence of people in the developing
  countries will trigger the growth of the
  air-conditioning industry. The developing
  countries will hugely contribute to the growth
  owing to the fact that these countries lie in the
  tropical regions where temperatures are high.
• Additionally, increasing global warming and
  increasing heat in the environment will boost the
  AC industry in the developing countries where the
  air conditioning market would likely shift from
  the high-luxury segment to the mainstream
  category in residential and commercial settings.

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• Major Market Players in the Industry Haier,
  Gree, Midea, Chigo, LG, Panasonic, TCL, York,
  AUX, Hisense Kelon, Mitsubishi, Changhong, Kaili,
  Whirlpool, Daikin Air Conditioning
• Key topics covered in report
• Global Air Conditioning Market Research
• Global Air Conditioning Industry
• Air Conditioning Market Study
• Global Air Conditioning Market Future Outlook
• North America Air Conditioning Market
• Europe Air Conditioning Market
• China Air Conditioning Market
• Japan Air Conditioning Market Research
• Global Air Conditioning Industry Competition

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For more coverage click on the link
below https//www.kenresearch.com/consumer-produc
ts-and-retail/consumer-electronics/air-conditionin
g-prospects/86902-95.html Contact Ken Research
Ankur Gupta, Head Marketing Communications quer
y_at_kenresearch.com 91-124-4230204
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