Global Commercial Air Conditioner Market 2017-2021: Product Segmentation and Forecast by Technavio

14-Jul-2017 Intellasia | BusinessWire | 5:03 AM Print This Post

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global
commercial air conditioner market
is expected to grow at
a CAGR of close to 5% during the forecast period.


This research report titled ‘Global
Commercial Air Conditioner Market 2017-2021
’ provides an
in-depth analysis of the market in terms of revenue and emerging market
trends. This report also includes an up to date analysis and forecasts
for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

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Technavio reports and get the third for free.

The market research analysis categorizes the global commercial air
conditioner market into six major product segments, of which the top
three are discussed in detail below. They are:

  • Unducted standard split
  • Chiller
  • VRF
  • AHU
  • Rooftops
  • Others

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challenges, trends, and more.

Unducted standard split

Ductless standard split systems are the most commonly used air
conditioners. These systems have an outdoor unit that contains the
compressor and the condenser, as well as an indoor unit that is mounted
to the wall. These systems do not have ducts in wall units for air
distribution. These systems send refrigerant directly to multiple air
handlers that are installed all through the building. These handlers
remove heat from each room separately and look like small boxes
installed on the ceiling of the room.

This segment holds the largest market share and is benefitting from the
growth in commercial spaces and hospitality industry. These systems are
preferred over others due to easier installation as compared to other
commercial air conditioners. The Middle East is one key region that is
showing increased investment in the non-residential sector owing to the
growth in tourism. Such developments across the globe are expected to
expedite the growth of the market during the forecast period.

Chillers

Chillers are widely used in data centers. The growing demand for cloud
data centers is one of the key propelling factors of the global
commercial air conditioner market by chillers. Data centers are hubs
that process and store business information as well as serve as a major
backbone for cloud operations. Many large enterprises operate cloud data
centers for their daily business operations. These include CSPs such as
Amazon Web Service (AWS), Microsoft Azure, and Google Cloud. The
increase in cloud activities will lead to a high requirement for data
centers, thereby driving the market for chiller systems.

According to Anju Ajaykumar, a lead analyst at Technavio for unit
operations
research, “Vendors are focusing on providing
cost-effective equipment that suits the energy-efficiency needs of
customers and complies with green technology requirements. Chiller
manufacturers are developing and launching eco-friendly equipment and
phasing out CFC and HCFC usage in HVAC equipment. These developments in
chiller technology are expected to boost the growth of the market.”

VRF

Variable Refrigerant Flow (VRF) air conditioners are a type of HVAC that
offer high flexibility in systems, with simultaneous heating and
cooling. VRF systems are typically installed in commercial buildings
such as office spaces, data centers, high-rise buildings, hospitals,
hotels, and restaurants. This technology is quite popular in European
and APAC countries.

“As most of the commercial buildings globally use ducted HVAC
systems, VRF technology was not very popular. However, stringent
regulations on carbon emissions will force consumers to use VRF systems
that offer high energy efficiency. Upcoming mega-construction projects
in the UK are expected to impact the market in Europe positively,”
says
Anju.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

  • Carrier
  • Daikin
  • Johnson Controls
  • LG
  • Mitsubishi Electric

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About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
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competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

 


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