Global Air Conditioning Market
Air Conditioning Market Size And Forecast
According to Verified Market Research, Global Air Conditioning Market was valued at USD 20.61 Billion in 2018 and is projected to reach USD 32.53 Billion by 2026, growing at a CAGR of 5.9% from 2019 to 2026.
Global Air Conditioning Market Outlook
The increasing demand of the consumers for convenient driving experience is the major factor driving the market growth. In addition, the rising demand for long-distance traveling and the growing utilization of automobiles led to imposing a positive impact on market growth. Moreover, increasing utilization of the air conditioning system in the domestic, commercial, industrial sector is the other factor contributes to propelling the market. However, the high cost of maintenance and issues related to the mechanical failure expected to hinder the growth of the market.
Global Air Conditioning Market Competitive Landscape
The Global Air Conditioning Market study report will provide valuable insight with an emphasis on the global market including some of the major players such as Eberspaecher Holding GmbH & Co. KG, Hanon Systems, MAHLE GmbH, Denso Corporation, Subros Limited, Valeo SA, Calsonic Kansei Corporation, Keihin Corporation, Sanden Holdings Corporation, and Mitsubishi Heavy Industries Ltd.
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