Commercial Air Conditioning Systems Market — Rapidly Growing Dynamic Markets
The commercial air conditioning market worldwide has witnessed considerable growth over the past two years. After going through a phase of sluggish growth during recession and in early years post recession, the industry has entered a new phase of growth. One major reason which contributes to its growth is revival in construction activities and enhanced focus on energy efficiency technologies and products.
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In addition, shirt in focus on VRF (Variable Refrigerant Flow) technology and its quick adoption by both consumers and suppliers/manufacturers in the region is helping the air conditioning market to predict positive growth trends during the forecast period. The trend has been similar in United States too, which accounts for a large share of global air conditioning market.
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.
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