Marketing & Advertising

Corporates and governments are often closed space. The increase in the installation of air conditioners to deal with the inadequate ventilation. The expansion of office space creating high demand for AC. Thus, rise in commercial application of air conditioner can act as a pivotal cause that can promote the air conditioners market. In addition, rise in residential utility of AC, coupled with increase in construction activities can support the rise of the market in the assessment period. Hospitals and clinics are other high end-consumers of AC. Moreover, the changing dynamics in the healthcare domain in the COVID 19 pandemic is observed to impact the AC market. AC has several other areas of applications, such as multiplex and auditoriums. However, due to lockdown these places are not being visited frequently. Thus, high maintenance cost of these places limits the market.

Air Condition Market

Market Players

Johnson Controls, Lennox, Carrier Corporation, LG, Daikin Industries Ltd, Samsung Ac, Videocon, Panasonic Corporation, International, Siemens AC, and Petra Engineering Industries Co are some reputed companies in the Air Condition (AC) Market as profiled by MRFR. The report offers insights on different causes that are critical to the market key player’s parse.

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