Rising Demand from Commercial Sector to Fuel the Packaged Air-conditioner Market

“Packaged Air-conditioner Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” is an upcoming market research report added by the analysts at Industry Probe. Packaged air-conditioner market report offers existing driving and limiting factors, consumer behavior & trends, and scope for opportunities that can help the strategists and companies.

The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the packaged air-conditioner market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the packaged air-conditioner market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.

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As per the report from Industry Probe, rise in the demand from the commercial sector with rise in business activity would increase the growth of the packaged air conditioners market from the commercial segment owing to increasing air-conditioning needs from offices and establishments. Moreover, consumers purchase ACs that have better power rating i.e. systems that can offer the maximum power savings and lower monthly electricity bills.

Additionally, other factors affecting the growth of the market include the increased spending and consumer awareness presents a growth opportunity in the new product space and also in the area of better marketing and advertising initiatives of the final products. The opportunity can be monetized effectively by the manufacturers to achieve better sales growth.

The report, however, has included some of the major hindering factors behind the growth of the market and these include increasing competition in the packaged air conditioner market led by the large number of manufacturers would restrain the business of the AC manufacturers in the short to medium period as a result of high competition. Additionally, refrigerant used in ACs are subject to regulations and this is estimated to affect the production of packaged air conditioners as well as business decisions of manufacturers during the forecast period.

Some of the key manufacturers operating in the global packaged air conditioner market are included to give a better competitive analysis of the market and these include Johnson Controls, Goodman Manufacturing Company L.P, Blue Star Limited, Carrier Corporation, Panasonic Corporation, Infokool Solutions Pvt. Ltd., Mitsubishi Electric Corporation, Daikin, Trane, and Midea.

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