Resurrecting Construction Activities and Demand for Energy-efficient Systems to Drive U.S Commercial Air Conditioning Systems Market
According to a recent publication by Transparency Market Research (TMR), “ Commercial Air Conditioning Systems Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, the U.S.commercial air conditioning market in the U.S. is projected to reach US$10,251.3 million by 2019, increasing from US$7,251.7 million in 2012. By revenue, the market will demonstrate a 5.2% CAGR from 2013 to 2019 and by volume, the market will grow at a 1.9% CAGR.TMR analysts state that worldwide, the commercial air conditioning systems market is experiencing substantial growth post the 2008 economic recession. Revival of construction activities post-recession and increased importance of adoption of energy-efficient technologies due to climate variations are the major factors boosting the global and U.S. commercial air conditioning market.Additionally, increasing adoption of variable refrigerant flow (VRF) air conditioning technology in the U.S. will accentuate the overall m...