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Subject: MRR

Air Conditioner Market Size to Reach USD 187.62 Billion in 2028, Says Reports and Data

Rising demand for energy-efficient air conditioners and steady expansion of the e-Commerce sector in developing countries are key factors driving market revenue growth

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- The global air conditioner market size is expected to reach USD 187.62 billion in 2028 and register a revenue CAGR of 5.5% during the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising demand for energy-efficient air conditioners. Governments of various countries are implementing higher efficiency standards for cooling, which is resulting in rising sales of energy-efficient air conditioners. This is also expected to reduce emissions. In addition, availability of cleaner power sources can radically reduce overall emissions. Governments are also taking initiatives to increase public awareness in different regions regarding the environmental impact of air conditioners. Expansion of the e-Commerce sector, especially in developing countries, is expected to boost market revenue growth during the forecast period. Availability of favorable discounts and a wide range of products on e-Commerce portals and advantage of easy price comparison of air conditioners are factors augmenting sales through online channels.

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Furthermore, increasing adoption of smart homes and appliances is boosting demand for smart air conditioners. These units can be operated and monitored through a smartphone, which makes operation more efficient and convenient. Smart air conditioners are integrated with smart sensors and can be used with wearable devices, and are designed to detect human activity and temperature during sleep to determine sleeping rates. These units can also adjust sleeping functions flexibly. Sleeping functions optimized by smart air conditioners with wearable devices can reduce energy consumption. Moreover, benefits of error diagnosis, preventive maintenance, and reduced carbon footprint offered by smart air conditioners are expected to augment sales during the forecast period.

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Some Key Highlights From the Report

To Identify The Key Trends In The Industry, Research Study At https://www.reportsanddata.com/report-detail/air-conditioner-market

For the purpose of this report, Reports and Data has segmented global air conditioner market based on product type, distribution channel, end-use, and region:

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About Reports and Data

Reports And Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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