Air Conditioning System Market: Foreseen To Prosper High Growth Industry Innovations Forecasting By  2018 - 2026

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According to a new market report published by Transparency Market Research titled ‘Air Conditioning System Market ((Product – Split AC and Window AC); (Application – RAC, PAC, and VRF); (End-use – Residential and Commercial); (Distribution Channel – Online and Offline)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global air conditioning system market is expected to reach US$ 211,259.4 Mn by 2026, expanding at a CAGR of 4.6% from 2018 to 2026. In terms of volume, the market is expected to reach 190,703‘000 units by 2026, expanding at a CAGR of 3.6% from 2018 to 2026. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. 
air conditioning system market
The air conditioning system market in Asia Pacific is the largest in the world and is expected to grow at a healthy rate over the forecast period. Split air conditioners dominate the Asia Pacific air conditioning system market compared to window air conditioners. Rise in disposable income, changing lifestyle, a hot climate, and increasing construction industry is increasing the demand for room air conditioners (RAC) across Asia Pacific. In the Asia Pacific region, compared to other types of air conditioners such as PAC (Packaged Air Conditioners) and VRF (Variable Refrigerated Flow) system, room air conditioners (RAC) dominate the market. 
In Europe, room air conditioners hold a major share of the market. Rising residential construction activity especially in Eastern Europe is increasing the demand for air conditioners. Russia is the largest air conditioner market in Europe. Other major air conditioner markets in the region are Italy, Spain, France, and the U.K. Rising demand for high priced VRF (Variable Refrigerant Flow) air conditioners is driving the Europe air conditioning system market. 

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