APAC Air Conditioners Market to Cross $70 Billion by 2022: TechSci Research Report

NEW YORK - Aug. 25, 2017 - PRLog -- According to a TechSci Research report, "Asia-Pacific Air Conditioners Market By Product Type, By Country, Competition Forecast & Opportunities, 2012 – 2022",the air conditioners market in Asia-Pacific is projected to cross $ 70 billion by 2022. Growth in the market is expected on account of growing popularity of energy efficient air-conditioning systems, increasing technological advancements and rising residential construction activities. Moreover, other factors such as growing trend of smart homes and widening distribution channels are expected to aid the region's air conditioners market during forecast period.

Browse 2 market data Tables and 69 Figures spread through 72 Pages and an in-depth TOC on  "Asia-Pacific Air Conditioners Market"

https://www.techsciresearch.com/report/apac-air-conditioners-market-by-product-type-ductable-splits-chillers-vrf-light-commercial-air-conditioners-others-by-country-competition-forecast-opportunities/1092.html

On the basis of product type, Asia-Pacific air conditioners market has been broadly segmented into five categories, namely Ductable Spits, Chillers, VRF, Light Commercial Air Conditioners and Others. Among these categories, light commercial air conditioners dominated the market in 2016, and the segment is expected to maintain its dominance over the next five years as well. Country-wise, China was the largest consumer of air conditioners in Asia-Pacific region in 2016. Due to abundance availability of cheap labor, China is a manufacturing hub for air conditioners and as a result is a major exporter of air conditioners to other countries.

"On the back of rising per capita income, changing consumer lifestyle and extreme hot and humid climatic conditions prevailing for most part of a year, demand for air conditioners in Asia-Pacific is expected to increase during forecast period. In addition, increasing investments being made by the government as well as the private sector in the region's residential and commercial sectors, and growing demand for energy efficient air conditioners are anticipated to drive demand for air conditioners in the region during forecast period." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Asia-Pacific Air Conditioners Market By Product Type, By Country, Competition Forecast & Opportunities, 2012 – 2022" has evaluated the future growth potential of Asia-Pacific air conditioners market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Asia-Pacific air conditioners market.

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