Global Residential Air Conditioners Market 2015-2019

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:

• Compressor
• Condenser
• Metering device
• Cooling coil
• Air handling unit
• Duct system

Technavio's analysts forecast the global residential air conditioner market to grow at a CAGR of 12.01% during 2014-2019.

Covered in this report

The report includes the present scenario and the growth prospects of the global residential air conditioner market for 2015-2019. Based on the product type, the market can be segmented into split, single-packaged, windows, and portable.

Technavio's report, Global Residential Air Conditioner Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key vendors

• Daikin
• Haier
• Hitachi
• LG
• Mitsubishi Electric

Other prominent vendors

• Aux Air Conditioner
• Carrier
• Electrolux
• Panasonic
• Toshiba
• Whirlpool

Key market driver

• Rising disposable incomes
• For a full, detailed list, view our report

Key market challenge

• Increase in raw materials price
• For a full, detailed list, view our report

Key market trend

• Gaining popularity among aging population
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

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.

Companies Mentioned

Daikin, Haier, Hitachi, LG and Mitsubishi Electric, Aux Air Conditioner, Carrier, Electrolux, Panasonic, Toshiba, Whirlpool