The Split ACs Segment Expected to Dominate the Europe Air Conditioners Market in 2023
Meticulous Research®—leading global market research company,
published a research report titled, ‘Europe Air Conditioners Market by Type (Split,
Window, Centralized/Ducted, Others), Tonnage (Up to 2 Tons, 2 Tons to 5 Tons,
Others), Technology (Inverter, Non-inverter), End User (Residential,
Commercial, Industrial), and Geography - Forecast to 2030.’
Download free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5693?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=29-03-2024
According to this latest publication from
Meticulous Research®, the Europe air conditioners market is projected to reach $46.8
billion by 2030, at a CAGR of 6% during the forecast period 2023–2030. The
growth of the Europe air conditioners market is driven by increasing
temperatures and humidity levels, consumers’ growing preference for convenience
and comfort, and the rising demand for energy-efficient air conditioning
systems. However, the high costs of air conditioners restrain the market’s
growth.
Key
Findings in the Europe Air Conditioners Market Study:
The
Split ACs Segment Expected to Dominate the Europe Air
Conditioners Market in 2023
Based
on type, the Europe air conditioners market is segmented into window ACs, split
ACs, VRF (Variable Refrigerant Flow) systems, centralized/ducted ACs, and other
air conditioner types. In 2023, the split ACs segment is expected to account
for the largest share of the Europe air conditioners market. Split AC systems
are energy efficient and keep indoor environments clean. The segment’s large
market share is attributed to the increasing demand for energy-saving and
low-noise air conditioners and key market players’ increasing emphasis on
providing quality air conditioners and launching a wide range of split ACs in
the market.
The
Inverter ACs Segment Expected to Account for the Largest Market Share in 2023
Based
on technology, the Europe air conditioners market is segmented into inverter
ACs and non-inverter ACs. In 2023, the inverter ACs segment is expected to
account for the larger share of the Europe air conditioners market. The
segment’s large market share is attributed to advancements in inverter
technology and AC manufacturers’ strong focus on product enhancement and the
development of inverter-powered ACs.
The
Residential Segment Expected to Dominate the Europe Air
Conditioners Market in 2023
Based
on end user, the Europe air conditioners market is segmented into residential
end users, commercial end users, and industrial end users. In 2023, the
residential segment is expected to account for the largest share of the Europe
air conditioners market. The segment’s large market share is mainly attributed
to the growing acceptance of smart home technologies, construction companies’
increased focus on offering air-conditioned apartments, and the rising need to
improve indoor air quality. Moreover, the residential segment is also projected
to register the highest CAGR during the forecast period.
Click here for top
trending blog: https://meticulousblog.org/top-10-companies-in-air-conditioners-market/?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=29-03-2024
Based
on geography, the Europe air conditioners market is segmented into
the U.K., Germany, France, Italy, Spain, the Netherlands, Switzerland, Poland,
Norway, Sweden, Denmark, Ireland, Russia, and the Rest of Europe (RoE). In
2023, Italy is expected to account for the largest share of the Europe air
conditioners market. Italy’s dominant position in the Europe air conditioners
market is attributed to the growing demand for residential air conditioners due
to rising temperatures, the increasing need for space cooling, the rising
demand for comfort, and growing income levels in the country. Furthermore, the
rising demand for comfortable residential spaces and the increasing ownership
of residential apartments are encouraging consumers to install AC units. This
trend is expected to drive the growth of the air conditioners market in Italy
during the coming years. However, France is projected to register the highest
CAGR during the forecast period.
Key
Players:
The
key players operating in the Europe air conditioners market are Daikin
Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan),
Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation
(U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG
Electronics (South Korea), Panasonic Corporation (Japan), Robert Bosch GmbH
(Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited
(Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Gree Electric
Appliances Inc. (China), and Midea Group Co. Ltd (China).
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments
Post a Comment