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Air conditioning sales set to grow

USA: Global demand for air conditioning is expected to grow at a rate of 10.5% per year to 2018, according to a new report.
The report by Transparency Market Research claims the air conditioning systems market, currently worth $98.2bn, is expected to reach $178.4bn in 2018. Asia-Pacific accounted for the highest market share (34.4%) in 2012, followed by North America. Asia-Pacific is expected to maintain its leading position for the next five years owing to the increasing disposable incomes and aspirations of consumers.

Growth factors are seen as the replacement market in developed regions such as North America and Europe, growing awareness about energy efficient and eco-friendly products, and increasing demand for technologically-advanced air conditioning with sensible cooling.

Inverter-based and solar-based air conditioning systems are also predicted to witness significant growth in the near future due to their energy efficient features, which help meet stringent energy regulations. In addition, improvements in housing construction design and rise in number of building permits, particularly for commercial infrastructures, is aiding the growth of the air conditioning systems market. An increase in total spending across industries such as manufacturing and small to medium enterprises are seen as growth areas for packaged air conditioning systems.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Stulz drives down greenhouse gas emissions with its CyberAir 3PRO DX GE4(S) range

Stulz has launched its CyberAir 3PRO DX GE4(S) range for data centres. The latest addition to the highly successful GE series of precision air conditioning systems with indirect free cooling, the CyberAir 3PRO DX GE4(S) range is available in three ...

  23-May-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
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