Commercial AC Market Growth Forecast at 8.98% CAGR to 2020
PUNE, India, August 11, 2016 /PRNewswire/ --
The global commercial AC market 2016-2020 research report says emergence of smart technology will be a key trend for market growth as 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. 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.
Complete report on commercial AC market spread across 59 pages, analyzing 4 major companies and providing 24 data exhibits is now available at http://www.reportsnreports.com/reports/650313-global-commercial-ac-market-2016-2020.html.
The analyst forecast global commercial AC market to grow at a CAGR of 8.98% during the period 2016-2020. According to the 2016 commercial AC market 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.
The recent increase in global construction activities is a key factor contributing to the growth of the global commercial AC market as HVAC systems account for most of the revenue generated from these activities. During 2015, the global commercial AC market was dominated by APAC with a market share of about 51%. Rapid economic growth, expansion in electrification, and greater product availability are factors that will drive the growth of this segment during the forecast period.
By 2020, the ductless standard split AC segment will continue its market dominance by accounting for about 46% of the overall market revenue. This type of air conditioning includes a compressor/heat exchanger unit that is installed outside the building. Easy installation, energy efficiency, and the flexibility to cool or heat individual rooms are the key factors driving the commercial AC market growth. Ductless split ACs is becoming popular among hotels and apartment buildings on account of their ability to heat one room while simultaneously cooling another.
The following companies are the key players in the global commercial AC market: Carrier, Daikin Industries, Hitachi, and LG Electronics. Other prominent vendors in the market are: Emerson, Blue Star, GE, Johnson Controls, Panasonic, Airdale, Lennox¸ Mitsubishi Electric, and Rheem. Order a copy of Global Commercial AC Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=650313.
Global Commercial AC Market 2016-2020 has been prepared based on an in-depth market analysis with inputs from industry experts. This 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. This report covers the present scenario and the growth prospects of the global commercial AC market for 2016-2020. To calculate the market size, the report covers market segmentation based on the product types such as unducted standard split, chillers, VRF, air handling units (AHUs), rooftops, ducted standard split, US ducted split, and others.
Another related report is Global Residential Air Conditioners Market 2015-2019, 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. Browse complete report @ http://www.reportsnreports.com/reports/413156-global-residential-air-conditioners-market-2015-2019.html.
Explore other new reports on Semiconductor and Electronics Market @ http://www.reportsnreports.com/market-research/semiconductor-and-electronics/.
About Us:
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
Contact:
Ritesh Tiwari
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Maharashtra, India.
+ 1 888 391 5441
[email protected]
Connect With Us on:
Facebook: https://www.facebook.com/ReportsnReports/
LinkedIn: https://www.linkedin.com/company/reportsnreports
Twitter: https://twitter.com/marketsreports
G+ / Google Plus: https://plus.google.com/111656568937629536321/posts
RSS/Feeds: http://http://www.reportsnreports.com/feed/l-latestreports.xml
SOURCE ReportsnReports
Share this article