Global Sales of Air Conditioning Systems to Reach 85 Million Units in 2012, According to New Report by Global Industry Analysts

Air conditioning systems market is forecast to witness stable growth and reach 85 million units in 2012. Although the market is stagnant and mature in the United States, Canada, and Japan, booming demand from Europe and Asia-Pacific is expected to drive the global market.

San Jose, California (PRWEB) November 13, 2008 -- Depletion of the ozone layer, El Nino effect, global warming, and rising population are all hot factors that are driving ahead the need for a cool world. Over the past quarter century, the air conditioner industry has undergone a sea change. Its role in the economy has changed significantly. Presently, comfort conditioning has become a necessity, from being a luxury item. This metamorphosis has opened a completely new world of opportunities. The world of air conditioners is fast changing with the rising demand and the requirements of consumers to have advanced micro controls into their systems coupled with the need for eco-friendly refrigerants. The market for these systems is, however, experiencing stable growth rates for the past few years and is expected to maintain its cool in the next few years. Primary demand driver for this key white goods segment is weather. It is expected that the weather conditions are set to deteriorate further, which only will aggravate the problem of hot climate.

Global air conditioning systems market is projected to register stable growth and reach 85.4 million units in 2012, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the largest market, accounting for an estimated 50% of global demand in 2008. The region is also the fastest growing market worldwide, aided primarily by rising income levels and standard of living. Europe represents the second fastest market, due mainly to the growing adoption of HVAC solutions. United States, Canada, and Japan represent the mature markets with sales coming primarily from replacements. In terms of product segments, room air conditioners market represents the largest, with sales exceeding an estimated 52 million units in 2008.

Air Conditioning Systems: A Global Strategic Business Report

Dominant global forces profiled in the report include Airwell, Aisin Seiki Co. Ltd., Trane Inc., Aux Group, Blue Star, Carrier Corp, Chunlan Corp, Daewoo Electronics Corp, Daikin Industries, De'Longhi SpA, Dunham-Bush Holding BHD, Electra Consumer Products Ltd., Fedders Corp, Fläkt Woods Group, GE Appliances, Goodman Manufacturing Company, L.P., Haier Group, Hisense Group, Hitachi, LG Electronics Inc., Matsushita Electric Industrial Co., Ltd., GD Midea Holding Co., Ltd., Mitsubishi Electric, O.Y.L. Industries BHD ("OYL"), Sanden Corp, Sharp Corp, Teco Electric & Machinery Co., Ltd., Toshiba Carrier Corp, Voltas Ltd., Whirlpool Corp, York International Corp, Zamil Air Conditioners, and Zhu Hai Gree Corp among several others. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.

For more details about this research report, please visit http://www.strategyr.com/Air_Conditioning_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.StrategyR.com/

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