Air Conditioners Market to Grow by Over 5% CAGR During the Forecast Period
The Global Air Conditioners Market is anticipated to grow during the forecasted period due to prolonged heatwaves, rising disposable income and, rapid urbanization. According to TechSci Research report, “ Air Conditioner Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F ”, the global air conditioner market is expected to be around more than USD107.20 billion by 2022. During the forecasted period, the air conditioner market is expected to witness an increase in sales due to the rise in the investment of residential and commercial buildings’ construction. However, the growth in the market was impacted due to the rise in temperature with greenhouse gas emissions, where countries such as India, Australia and France touched 46.2, 45.9 and 49.5 degree Celsius, respectively in 2020. Particularly, the market for smart air conditioners, along with many other air conditioner industry segments, may grow in the upcoming years. The market for smart