ALBANY, New York, January 21, 2016 /PRNewswire/ --
According to a recent publication by Transparency Market Research (TMR), "Commercial Air Conditioning Systems Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the U.S.commercial air conditioning market in the U.S. is projected to reach US$10,251.3 million by 2019, increasing from US$7,251.7 million in 2012. By revenue, the market will demonstrate a 5.2% CAGR from 2013 to 2019 and by volume, the market will grow at a 1.9% CAGR.TMR analysts state that worldwide, the commercial air conditioning systems market is experiencing substantial growth post the 2008 economic recession. Revival of construction activities post-recession and increased importance of adoption of energy-efficient technologies due to climate variations are the major factors boosting the global and U.S. commercial air conditioning market. Additionally, increasing adoption of variable refrigerant flow (VRF) air conditioning technology in the U.S. will accentuate the overall market for commercial air conditioning.
Full Research Report on Global Commercial Air Conditioning Systems Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/commercial-air-conditioning-systems-market.html
Further, late adoption of VRF in the U.S. has opened new opportunities for existing players, who have rapidly adapted to the demand for energy-efficient systems and are deploying VFR as an alternate solution, as stated by TMR analysts. The TMR study segments the U.S. commercial air conditioning market by product type into split systems, portable systems, window systems, single packaged systems, and other systems. Among all, split systems and single packaged systems are poised for healthy growth, with the two collectively accounting for 77.4% of the market in 2012. The main reason for growth of split systems is increasing usage of non-ducted systems owing to the flexibility, energy efficiency, and easy installation of the product type.
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By technology, VRF systems are steadily establishing a foothold in the U.S. commercial air conditioning market. VRF systems offers the advantage of customizable temperature control for private, commercial, public, and industrial spaces for indoor environments, as pointed out in the research report. However, with the revival of the construction sector and standardization of VFR technology in the U.S., the adoption of the technology has eased in the commercial sector. Commercial air conditioning systems in U.S. find application in public, private, and industrial sectors. Amongst all, the private sector was the highest revenue generator in the market in 2012 on account of increased expenditure on energy-efficient systems in residential buildings and construction of new residential units.
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Development in the construction sector positively impacts the commercial air conditioning systems market, with HVAC (heating, ventilation and air-conditioning) systems accounting for most of the revenue generated from new construction. Also included in the research report are profiles of key players in the U.S. commercial air conditioning market: Mitsubishi Electric Corporation, United Technologies Corporation, and Fujitsu General Pty Ltd., which collectively accounted for more than 50% of the market in 2012.
U.S. Commercial Air Conditioning Market Segmentation:
U.S. Commercial Air Conditioning Systems Market, by Product
- Split Systems
- Single packaged systems
- Window systems
- Portable systems
U.S. Commercial Air Conditioning Systems Market, By Applications
U.S. Commercial Air Conditioning Systems Market, By Refrigeration Technology
- VRF (variable refrigerant flow)
- By application
- By Components
- Indoor units
- Outdoor units
- By application
Other Research Reports by Transparency Market Research:
- Air Conditioning Systems Market: http://www.transparencymarketresearch.com/air-conditioning-systems-market.html
- Electricity Meters (Smart Meters) Market: http://www.transparencymarketresearch.com/smart-meters-market.html
- Smart Glass and Window Market: http://www.transparencymarketresearch.com/smart-glass-window-market.html
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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