Product ID: SQMIG30K2020
Report ID:
SQMIG30K2020 |
Region:
Global |
Published Date: February, 2024
Pages:
285
|
Tables:
122 |
Figures:
77
In 2021, North America accounted for more than 20% of the market's total revenue share. It is anticipated that replacement sales will drive development in the North American market as well as other developed markets worldwide. The government's increasing promotional efforts to promote the use of energy-efficient air conditioning systems and lower energy consumption are also anticipated to support the expansion of the regional market. The COVID-19 epidemic spread, which caused a decline in the market as a whole, while North America and Europe saw flat growth in 2020 and were not as badly affected as the rest of the world. This can be due to both regions' robust demand in the last quarter of 2020.
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REQUEST FREE CUSTOMIZATIONAir Conditioners Market size was valued at USD 131.08 billion in 2019 and is poised to grow from USD 139.99 billion in 2023 to USD 236.96 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).
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Product ID: SQMIG30K2020