U.S. Commercial Air Conditioning Market

VRF Systems Are Steadily Establishing a Foothold in the U.S. Commercial Air Conditioning
Market
According to a recent publication by Transparency Market Research (TMR), “Commercial Air
Conditioning Systems Market – U.S. Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 – 2019”, the U.S.commercial air conditioning market in the U.S. is projected to
reach US$10,251.3 million by 2019, increasing from US$7,251.7 million in 2012. By revenue, the
market will demonstrate a 5.2% CAGR from 2013 to 2019 and by volume, the market will grow
at a 1.9% CAGR.TMR analysts state that worldwide, the commercial air conditioning systems
market is experiencing substantial growth post the 2008 economic recession. Revival of
construction activities post-recession and increased importance of adoption of energy-efficient
technologies due to climate variations are the major factors boosting the global and U.S.
commercial air conditioning market.Additionally, increasing adoption of variable refrigerant
flow (VRF) air conditioning technology in the U.S. will accentuate the overall market for
commercial air conditioning.
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Further, late adoption of VRF in the U.S. has opened new opportunities for existing players,
who have rapidly adapted to the demand for energy-efficient systems and are deploying VFR as
an alternate solution, as stated by TMR analysts.The TMR study segments the U.S. commercial
air conditioning market by product type into split systems, portable systems, window systems,
single packaged systems, and other systems. Among all, split systems and single packaged
systems are poised for healthy growth, with the two collectively accounting for 77.4% of the
market in 2012. The main reason for growth of split systems is increasing usage of non-ducted
systems owing to the flexibility, energy efficiency, and easy installation of the product type.
By technology, VRF systems are steadily establishing a foothold in the U.S. commercial air
conditioning market. VRF systems offers the advantage of customizable temperature control
for private, commercial, public, and industrial spaces for indoor environments, as pointed out in
the research report.However, with the revival of the construction sector and standardization of
VFR technology in the U.S., the adoption of the technology has eased in the commercial
sector.Commercial air conditioning systems in U.S. find application in public, private, and
industrial sectors. Amongst all, the private sector was the highest revenue generator in the
market in 2012 on account of increased expenditure on energy-efficient systems in residential
buildings and construction of new residential units.
Development in the construction sector positively impacts the commercial air conditioning
systems market, with HVAC (heating, ventilation and air-conditioning) systems accounting for
most of the revenue generated from new construction.Also included in the research report are
profiles of key players in the U.S. commercial air conditioning market: Mitsubishi Electric
Corporation, United Technologies Corporation, and Fujitsu General Pty Ltd., which collectively
accounted for more than 50% of the market in 2012.
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