APAC Air Conditioners Market to Cross $70 Billion by 2022
Increasing commercialization,
growing investments in industrial sector and rising disposable income to drive Asia-Pacific
air conditioners market through 2022
According to a TechSci
Research report, “Asia-Pacific
Air Conditioners Market By Product
Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, the air conditioners market in
Asia-Pacific is projected to cross $ 70 billion by 2022. Growth in the market
is expected on account of growing popularity of energy efficient
air-conditioning systems, increasing technological advancements and rising
residential construction activities. Moreover, other factors such as growing
trend of smart homes and widening distribution channels are expected to aid the
region’s air conditioners market during forecast period.
Browse 2 market data Tables and
69 Figures spread through 72 Pages and an in-depth TOC on "Asia-Pacific Air Conditioners Market"
https://www.techsciresearch.com/report/apac-air-conditioners-market-by-product-type-ductable-splits-chillers-vrf-light-commercial-air-conditioners-others-by-country-competition-forecast-opportunities/1092.html
On the basis of product
type, Asia-Pacific air
conditioners market has been broadly segmented into five categories, namely
Ductable Spits, Chillers, VRF, Light Commercial Air Conditioners and Others.
Among these categories, light commercial air conditioners dominated the market
in 2016, and the segment is expected to maintain its dominance over the next
five years as well. Country-wise, China was the largest consumer of air
conditioners in Asia-Pacific region in 2016. Due
to abundance availability of cheap labor, China is a manufacturing hub for air
conditioners and as a result is a major exporter of air conditioners to other
countries.
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“On the back of rising per capita income, changing consumer
lifestyle and extreme hot and humid climatic conditions prevailing for most
part of a year, demand for air conditioners in Asia-Pacific is expected to
increase during forecast period. In addition, increasing investments being made
by the government as well as the private sector in the region’s residential and
commercial sectors, and growing demand for energy efficient air conditioners
are anticipated to drive demand for air conditioners in the region during
forecast period.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Asia-Pacific
Air Conditioners Market By Product Type, By Country, Competition Forecast
& Opportunities, 2012 – 2022” has evaluated the future growth potential of Asia-Pacific air
conditioners market and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in Asia-Pacific air conditioners market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
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