Press Release

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"

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.

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 in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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