North America Air Conditioners Market to Grow at 7.5% during 2017 – 2022
August, 4th 2017 Comments Views
Increasing urbanisation, growing purchasing power and changing climatic conditions to drive air conditioners sales in North America through 2022.
According to a TechSci Research report, “North America Air Conditioners Market By Product Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, the air conditioners market in North America is projected to grow at a CAGR of around 7.5% during 2017 – 2022. Various technological advancements over the last 10-15 years have resulted in increased use of air conditioners in summers as well as winters. Growing demand for air conditioners across the region is being hugely supported by increasing number of real estate projects, both in residential and commercial segments, coupled with rising purchasing power and increasing urbanization.
Light commercial air conditioners, which includes splits air conditioners, cassettes, window air conditioners and concealed ductable splits, dominate North America air conditioners market due to growing demand from residential as well as commercial sectors. Additionally, growing demand for energy efficient air conditioners across the region is leading to replacement of old air conditioners with newer ones. With increasing awareness among consumers about air pollution and its adverse impact on health, air conditioners featuring air purifying technologies are expected to register healthy growth during forecast period.
“Leading air conditioner manufacturers such as LG, Samsung, Carrier, Daikin, etc., are offering air conditioners with built-in air purifiers, which are gaining popularity among consumers due to their dual features. Moreover, average cost of purchasing air purifier based air conditioners is comparatively lower than average price of purchasing air conditioners and air purifiers separately. This is anticipated to boost the sales of these advanced air conditioner systems in North America in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“North America Air Conditioners Market By Product Type, By Country, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of North America air conditioners market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in North America air conditioners market.