The annual growth of the demand in the commercial smart air conditioners are predicted be to rise by 19.4 Million in 2026. This prediction is based on the demand of commercial air conditioner in 2018 that was 14 Million and it will keep on rising by the CARG of 43%.
The propel in the demand of air conditioners are reported to be due to the introduction of smart technology in the air conditioners. The end user demand of eco-friendly refrigerant R-410A/R-407C has an instant surge in the market. R-410A/R-407C has grown into popularity because of its ultra-quiet operations and energy conservation. This feature of eco-friendly and energy efficient feature has out shined all modern technology features latest air conditioners have, like dual function of heating and cooling, remote WI-FI access and sleek designs.
The demand across the globe about the air conditioners that have less carbon foot print has increased significantly in last two years. The awareness in masses about the Ozone depletion and safe environment has caused this high surge in the turning houses in to eco-friendly houses and replacing appliances with smart appliances. The idea of smart houses is trending right now and is directly affecting the growth trajectory of air conditioning manufacturing in the coming years.
The huge growth in the manufacturing sector will also expand the air conditioning industry in coming years owing to the demand of green environment and energy conservation trend.
(Courtesy of Fortune Business Insight)