Air conditioning (often referred to as AC, A/C)
is the process of removing heat and moisture from the interior of an occupied space, to improve the comfort of occupants. Air conditioning can be used in both domestic and commercial environments. This process is most commonly used to achieve a more comfortable interior environment, typically for humans and other animals; however, air conditioning is also used to cool/dehumidify rooms filled with heat-producing electronic devices, such as computer servers, power amplifiers, and even to display and store some delicate products, such as artwork.
In the coming years there is an increasing demand for Air Conditioning Systems in the regions of North America and Europe that is expected to drive the market for more advanced Air Conditioning Systems. Increasing of commercial building fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Air Conditioning Systems in developing countries will drive growth in global market.
Globally, the Air Conditioning Systems industry market is concentrated as the manufacturing technology of Air Conditioning Systems is relatively matures than some high-tech equipment. And some enterprises, like Gree, Midea, Daikin, etc. are well-known for the wonderful performance of their Air Conditioning Systems and related services. At the same time, Asia Pacific, occupied 69% sales market share in 2018, is remarkable in the global Air Conditioning Systems industry because of their lowest cost of labor and raw material.
The consumption of Air Conditioning Systems is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Air Conditioning Systems industry may not keep that fast. But it is surely forecasted that the market of Air Conditioning Systems is still promising.
The product average price inclined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Air Conditioning Systems market to approach these areas. QYR analysis of the Air Conditioning Systems market indicated that Asia Pacific would account for the highest sales in 2025 with close to 73 percent of global sales coming from this region, and Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Air Conditioning Systems is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Air Conditioning Systems and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.