A packaged air conditioner is a cooling or heating system consisting of a single housing cabinet that contains all the components required for cooling, heating, dehumidification, filtering, and air handling. Packaged air conditioners account for a relatively small share of the global air conditioners market but have a significant demand in the US and China, with high potential demand in several developed and emerging markets. Their demand is expected to grow considerably over the next five years as the number of residential and commercial construction is on the rise globally, and there is rapid urban and economic growth in several countries. The rise in housing constructions across key countries and regions including China, the US, Saudi Arabia, and India, and the rise in demand for luxury goods due to improving living standards are the key factors that will spur market growth over the forecast period.
The analysts forecast the global packaged air conditioner market to grow at a CAGR of 5.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged air conditioner market for 2017-2021. To calculate the market size, the report considers the demand from end-users.
The market is divided into the following segments based on geography:
The report, Global Packaged Air Conditioner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Carrier
- DAIKIN INDUSTRIES
- Johnson Controls
- Lennox International
- Ingersoll Rand
Other prominent vendors
- Blue Star
- GREE ELECTRIC APPLIANCES
- Haier
- LG Electronics
- Midea Group
- Mitsubishi Electric
- Nortek Global HVAC
- Panasonic
- Rheem Manufacturing Company
- SAMSUNG
- Voltas
- Whirlpool
Market drivers
- Growth in global construction activities
- For a full, detailed list, view the full report
Market challenges
- High cost of purchase and installation
- For a full, detailed list, view the full report
Market trends
- Growing adoption of R32 refrigerant in air conditioners
- For a full, detailed list, view the full report
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