ALBANY, NY -- According to a new market report "Commercial Air Conditioning Systems (VRF) Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," published by Transparency Market Research, the market for commercial air conditioning systems in U.S. is forecast to reach USD 10,251.3 million by 2019. Some of the factors responsible for growth of commercial air conditioning systems market are climate variations (rise in global temperature and temperature extremities) and rising acceptance of variable refrigerant flow (VRF) air conditioning systems in North America. Improvements in air conditioning technology and rising demand for energy efficient models in developed region of North America are further supporting the market growth.
U.S. commercial air conditioning systems market was valued at USD 7,251.7 million in 2012. The market revenue is anticipated to grow at a CAGR of 5.2% from 2013 to 2019 recording corresponding volume CAGR of 1.9% for the same period. The market is segmented by products into split systems, single packaged systems, window systems, portable systems and other systems. Among these product types, split systems and single packaged systems are emerging as promising segments, with both collectively accounted for approximately 77.4% of market revenue share in 2012. The main reason contributing to growth of split systems is the rising usage of non-ducted systems owing to their flexibility, easy installation and energy efficiency provided by them.
Commercial air conditioning systems find their application in private, public and industrial sectors. Among these sectors highest revenue share, amounting to 48.8%, was contributed by the private sector in 2012 owing to an increased private spending on improvements of 'building and energy systems' and new constructions. Amongst the refrigeration technologies which include VRF and others, VRF technology is being preferred for buildings with varied cooling requirements, due to its reliability, safety, flexibility and comfort. As a result, VRF systems are expected to record faster growth as compared to other systems. The demand for VRF systems is further affecting the demand for indoor and outdoor units, largely determined by size of the plant/space requiring air conditioning. However, with outdoor units subjected to high loads and frequent maintenance, they are expected to see faster revenue and volume growth. Outdoor units accounted for less than a third of VRF air conditioning systems market volume in 2012.
The U.S. commercial air conditioning systems market was dominated by players such as Mitsubishi Electric Corporation, Fujitsu General Pty Ltd., and United Technologies Corporation (Carrier Corporation). These three companies collectively contributed to more than 50% of the market share in 2012.
This report analyzes the U.S. commercial air conditioning systems market in terms of revenue (USD million) and volume (million units). The market has been segmented as follows:
U.S. Commercial Air Conditioning Systems Market, By Product
•Single packaged systems
U.S. Commercial Air Conditioning Systems Market, By Applications
U.S. Commercial Air Conditioning Systems Market, By Refrigeration Technology
•VRF (variable refrigerant flow)
Browse the full U.S. Commercial Air Conditioning Systems (VRF) Market report at http://www.transparencymarketresearch.com/commercial-air-conditioning-systems-market.html