Industry News

Daikin Starts Production of its Air Conditioners in Texas

Daikin’s subsidiary Goodman Mfg. Co. is in the process of moving all its U.S. operations to the Texas campus.

United States: Daikin Air Conditioning US subsidiary Goodman Mfg. Co. announced the start of production of air conditioners in its USD417 million Texas facility. Daikin announced in January 2015 that it would build a state-of-the-art facility around northwest Houston of Texas. The campus is expected to employ more than 5,000 people, which comes as a part of Daikin’s global commitment to support in-country design, engineering, and assembly.

Goodman, a member of the Daikin group, is also in the process of moving all its U.S. operations to the Texas campus. Daikin Texas Technology Park will eventually encompass 4.1 million operational square feet.

According to TechSci Research, Daikin is increasing its presence in Air Conditioners Market in Americas region. The company’s new manufacturing facility will also increase the company’s presence in the region their by offering stiff competition to local players. Daikin, which is the biggest air conditioning company globally, continuously relies on technological innovation and new product launch, the company can also benefit by offering its air conditioners with latest technologies and at premium prices.

According to a recent report published by TechSci Research, “Global Air Conditioners Market Forecast & Opportunities, 2020”, global air conditioner market is projected to grow at a CAGR of 8.5% during 2015-20. In addition to the residential segment, growing hospitality and tourism sectors are contributing significantly towards rising demand for air conditioners across the globe. Introduction of energy-efficient air conditioners and air conditioners with in-built air purifiers is expected to boost air conditioner sales in the coming years. Split air conditioners dominated the global air conditioners market over window air conditioners, and this trend is expected to continue during the forecast period. The adoption of window air conditioners, VRF system, chillers and portable air conditioners is also expected to grow over the next five years. Few of the major air conditioner manufacturers with significant global footprint include Gree, Daikin, Toshiba, Carrier, Midea, LG, Panasonic and Trane.