Europe Air Conditioner Market expected to grow at a CAGR of 4.57% through 2022
Increasing construction activities, growing purchasing power of
consumers and improving standard of living are anticipated to aid Europe air
conditioners market through 2022
According to a TechSci
Research report, “Europe
Air Conditioners Market By Product
Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, Europe air conditioners market is projected
to grow at a CAGR of around 5% during 2017 – 2022, on account of growing
environmental awareness and increasing demand for energy efficient
air-conditioning system, technological advancements. Moreover, growing trend of
smart appliances, widening of distribution channel coupled with increasing replacement
demand for air conditioners are expected to drive the region’s air conditioners
market during forecast period.
Browse 79 Figures spread through 64 Pages and an in-depth TOC on "Europe
Air Conditioners Market"
https://www.techsciresearch.com/report/europe-air-conditioners-market-by-product-type-ductable-splits-chillers-vrf-light-commercial-air-conditioners-others-by-country-competition-forecast-opportunities/1158.html
On the basis of product
type, Europe 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, Italy was the largest consumer of air conditioners in Europe
region in 2016.
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“Demand for air conditioners from household sector in the
region is growing rapidly on account of easy availability of residential space,
growing population and increasing urbanization. Innovative technologies used in
smart homes are in high demand among consumers in Europe. As a result, demand
for premium quality air conditioners complying with international design
standards are witnessing significant adoption in the region.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Europe Air
Conditioners Market By Product Type, By Country, Competition Forecast & Opportunities,
2012 – 2022” has
evaluated the future growth potential of Europe 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 Europe air conditioners market.
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