Global Residential Air Conditioners Market 2015-2019
About residential air conditioner
A residential air conditioner is deployed to lower the air temperature of a room, maintain suitable humidity, provide ventilation, and keep the air free from dust, soot, and micro-organisms. It employs the refrigerant cycle to transport heat outside the room. The main components of the air conditioner are:
Technavio Announces the Publication of its Research Report – Global Residential Air Conditioners Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Residential Air Conditioners Market: Daikin, Haier, Hitachi, LG and Mitsubishi Electric
The other prominent vendors are: Aux Air Conditioner, Carrier, Electrolux, Panasonic, Toshiba and Whirlpool
Commenting on the report, an analyst from Technavio’s team said: “Currently, design trends in heating and cooling systems are shifting from variable air volume systems to decoupled systems. The variable air volume systems provide ventilation, heating, and cooling functions. The decoupled systems work by separating the ventilated air from the cooling and heating functions. The cost savings generated by decoupled systems also result in energy savings. The heating and cooling requirements are met through water-based systems as water can transfer energy more efficiently than air. This reduces the energy required to deliver the heating and cooling functions significantly. Hence, the use of decoupled systems should facilitate market growth.”
According to the report, populations in India and China have registered growth in disposable incomes. In addition, consumers in Brazil and Poland have registered gains in disposable incomes. Since APAC is the largest market for residential air conditioners and is expected to witness the fastest growth in the global market during the forecast period, growing disposable incomes should boost the market during the forecast period.
Further, the report states that fluctuations in the prices of raw materials changes the manufacturing costs and affects the profit margins of the vendors.
Daikin, Haier, Hitachi, LG and Mitsubishi Electric, Aux Air Conditioner, Carrier, Electrolux, Panasonic, Toshiba, Whirlpool
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook