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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

Panasonic launches European production line for big Aquarea heat pump range

Panasonic has opened a new production line at its Pilsen factory, dedicated to its large-capacity Big Aquarea M Series air-to-water heat pumps....

  29-Nov-2024

Sanhua new PEV-S Pulse Expansion Valves able to reach 35 bar MOPD

 Sanhua has developed new PEV-S models able to reach 35 bar MOPD for the PEV models which are limited at 30/25 or 18 bar. 
  02-Dec-2024
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