HVAC and Construction Industry North America Air Conditioner Market Share, 2020 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Browse Details of Report with TOC @ http://www.hexaresearch.com/research-report/north-america-air-conditionermarket/ Energy star rated air conditioning systems are expected to exhibit less energy consumption and release less green house gases. Augmentation in construction sector owing to increasing construction permits for construction of malls, industrial faciliti es and corporate offices is expected to elevate the industry growth. However; domestic manufacturers are anticipated to face profitability issues due to competition from Chinese imported substitutes. Key report insights suggest:  S. air conditioner market dominated regional demand with an estimated industry share of 84.24% in 2014. Increasing awareness regarding energy efficient models is expected to have positive influence in regional demand. Mexico is expected to witness highest growth, growing at a CAGR of 10.3% during 2014 to 2020.  Portable air conditioner systems are expected to be the fastest growing products, at a CAGR of over 11% and exceed USD 610.0 million by 2020. Compactness and high efficient properties of these systems is expected to drive growth. Chillers are likely to witness gains at over 8% with revenue forecast of USD 240 million by 2020.  Residential applications dominated demand with an estimated share of 37.81% in 2014. Commercial is the fastest growing application segment and is likely to witness growth at a CAGR of 9.6% from 2014 to 2020. The growth can be attributed to increasing consumerism and pleasant shopping experience.  Fairly consolidated North America air conditioner industry consists of key companies such as Carrier, Daikin, Mitsubishi, Hitachi, Trane, LG and JCI among others. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/