Global Air Conditioning Market

   2019-07-17       110        Business
Rating :
Global Air Conditioning Market was valued US$ 93.2 Bn in 2018 and is expected to reach US$ 140.99 Bn by 2026, at a CAGR of 5.31 % during a forecast period.

Global Air Conditioning Market was valued US$ 93.2 Bn in 2018 and is expected to reach US$ 140.99 Bn by 2026, at a CAGR of 5.31 % during a forecast period.

Global Air Conditioning Market

In the last few decades, Air conditioning systems has transformed itself into a necessity commodity rather than a luxurious one, all credit goes to the deteriorating thermal conditions and certainly increase in disposable income. As per the organization for economic co-operation and development, progress in real household income per capita picked-up to 0.8% in the OECD area in the first quarter of 2018. As well, emergence of technologically advanced air conditioners, such as air conditioners with inverter and air purification technologies, is further expected to positively influence the global air conditioners market through forecast period

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