The report forecasts the global commercial air conditioner (AC) market to grow at a CAGR of 8.98% during the period 2016-2020.
The report, Global Commercial Air Conditioner (AC) Market 2016-2020, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.
Emergence of smart technology will be a key trend for market growth. Despite the high initial expenditure involved and the need for manual and routine adjustments, the implementation of smart HVAC systems is increasingly becoming a necessary expense for larger buildings, as these systems enhance operational cost savings. With the advent of smart buildings, smart grid, and smart cities, the scope of data has increased more than ever, enabling better measurement using Big Data and analytics. Smart grids are capable of communicating with individual buildings, while smart cities can use technology to observe the trends across all buildings in the city.
According to the report, growth in data center cooling market will be a key driver for market growth. Overheating in data centers is a key concern for businesses, as it affects productivity and increases downtime. In order to overcome this issue, cooling equipment is used to enhance the performance of data centers. Owing to the need for increased information storage capacity for higher data processing, companies are not only establishing new data centers, but also expanding their existing data center infrastructure. The onus on companies to increase the efficiency of data centers has led to rising demand for data center cooling.
Further, the report states that one of the challenges for the market will be insufficient supply of power in developing markets.
- Daikin Industries
- LG Electronics
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6bh4gt/global_commercial
Related Topics: HVAC (Heating, Ventilation, and Air Conditioning)
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-commercial-ac-market-to-grow-898-by-2020---growing-preference-for-interoperability---research-and-markets-300317053.html
SOURCE Research and Markets