In recent years, air conditioners have developed into a crucial appliance for every home. Their use greatly contributes to being fresh and effective throughout the day in addition to helping us warm ourselves in the winter and maintain a pleasant temperature in the summer. It is therefore no accident that we can see their use in several restaurants, shopping centres, business buildings, and residential structures.Global Energy Saving Air Conditioner Market- Overview
The Global Energy Saving Air Conditioner Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over form 2022-2030.
The market dominance of inverter AC is credited with driving market expansion. Due to their effectiveness and energy-saving features, inverter-based air conditioners are being used more and more in different parts of the world. Compressors with variable speeds, as opposed to on/off systems, can maintain more precise temperature control.Global Energy Saving Air Conditioner Market- Key trends
More use of Air-conditioner in the household will aid the market growth
Cost-effectiveness, quick temperature control and start-up times, quieter operation, and higher stability are some advantages of inverter air conditioning. As a result, inverter AC use rises, driving the air conditioning industry. The reason for this sudden increase in demand for inverter AC is due to factors like governmental laws and the benefits of saving energy.
Government regulations are playing significant role in boosting air conditioning industry
Government laws are also a major factor in the growth of the air conditioning business. New requirements for air conditioning systems have been established, enabling them to use less electricity and operate better. For instance, Japan has laws that mandate air conditioners be set at a particular temperature based on the time of year. The EU has laws governing cooling, heating, and the emission of dangerous gases. Government-set criteria for environmental preservation and climate friendliness give the air conditioning market a lot of room to grow.
Global Energy Saving Air Conditioner Market- Segmental assessment
By type
• Level 1 energy efficiency
• Level 2 energy efficiency
• Level 3 energy efficiency
• Others
By application
• Household
• Commercial
• Others
Global Energy Saving Air Conditioner Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Global Energy Saving Air Conditioner Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Daikin, COOL NOMIX, Coleman, Goodman, Airwell, Ductair, Panasonic, Fujitsu General, Ruud, JohnsonControls, Mitsubishi, Chiltrix Inc, SustainE, Toshiba, Friedrich, Gree, Haier, and others.
Report scope
Global Energy Saving Air Conditioner Market: Historical Years- 2018-2021
Global Energy Saving Air Conditioner Market: Forecast Years- 2022-2030
Key segments covered-
1) By application (household, commercial, and others).
2) By type (level 1 energy efficiency, level 2 energy efficiency, level 3 energy efficiency, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Daikin, COOL NOMIX, Coleman, Goodman, Airwell, Ductair, Panasonic, Fujitsu General, Ruud, JohnsonControls, Mitsubishi, Chiltrix Inc, SustainE, Toshiba, Friedrich, Gree, Haier, and others.
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post sales analyst support
