Air Conditioning Market worth Billion USD by 2020

Air Conditioning Market - Global Trend and Forecast to 2020 The increasing demand for technologies to reduce carbon dioxide emissions and preserve the environment, has meant that companies are now developing air conditioning systems that are more efficient and environment friendly. The new air conditioning systems would reduce the compressor's power consumption by 25 per cent, compared to conventional air conditioning systems, and thus contribute to fuel savings. PDF

Asia-Pacific: Largest market, by value, for automotive air conditioning The Asia-Pacific region comprises countries such as China, India, Japan, and South- Korea. The Chinese automotive air conditioning market is estimated to lead the Asia- Pacific region, as it is the largest producer and consumer of automobiles across the globe. The recent infrastructure developments and industrialization activities in India have opened up new avenues, opportunities, and markets for OEMs. The demand for passenger cars is growing in India due to the increase in per capita income.

North America: One of the key markets for automotive air conditioning The North American region comprises the U.S., Canada, and Mexico, which is a technologically advanced and matured automotive market. The North American region is dominated by domestic OEMs such as Ford Motors Co., General Motors Co., and Fiat-Chrysler Automotive. The region has high demand for LCVs which is increasing the demand for enhanced air conditioning systems. Mexico has seen a growth in the air conditioning market due to its proximity to the U.S., one of the largest automobile markets. Also the North American Free Trade Agreement (NAFTA) has boosted manufacturing activity in Mexico.

Europe: Volatile market for air conditioning Europe is a matured market for the automotive industry. Additionally, the European automotive industry is subjected to stringent emission regulations. The regulatory norms for the use of refrigerant have become stringent, for instance the use of R- 134a refrigerant in new vehicles has been banned. From 1st January 2017, no new vehicles can use R-134a as a refrigerant. However, the market is expected to grow owing to the increasing demand for vehicles. In 2014, the German auto industry exports witnessed a 7% rise over 2013 results. This will drive the market for air conditioning systems in Europe.

Browse >> 95 market data tables 57 figures 153 pages and in-depth TOC on “Air Conditioning Market - Global Trend and Forecast to 2020” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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