DUBLIN, Dec. 02, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/4z9gbs/global_air) has announced the addition of the "Global Air Conditioning Market 2016-2020" report to their offering.

Smart thermostats such as Nest and Ecobee3 have witnessed increased popularity in both residential and commercial markets. These thermostats allow the monitoring of temperatures at home and in commercial spaces from mobile devices and PCs. The thermostats monitor humidity and temperature and alter cooling cycles, resulting in energy- and money-saving opportunities. These thermostats are further advancing in terms of technology.

APAC accounted for around 62% of the market share during 2015 and is expected to retain its market leadership until the end of the forecast period. The growing urbanization and rising levels of income in countries such as India, China, and Vietnam are driving the market growth in this region. China and Japan are the market leaders in APAC accounting for a combined market share of around 80%.

According to the report, developing countries such as India and the Philippines are growing increasingly affluent, and the fact that most of these countries lie in the tropics and subtropics, where temperatures are higher, results in greater demand for ACs in residential, commercial, and industrial settings.

Further, the report states that air conditioning units require routine maintenance for their effective performance. However, customer dissatisfaction has plagued the market, as dealers dishonor maintenance contracts and delay service for undue periods.

Key questions answered in the report include:

• What will the market size and the growth rate be in 2020.
• What are the key factors driving the global air conditioning market.
• What are the key Market trendss impacting the growth of the air conditioning market.
• What are the challenges to market growth.
• Who are the key vendors in this market space.
• What are the market opportunities and threats faced by the vendors in the global air conditioning market.
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the air conditioning market.

Leading Vendors:

• Daikin
• Gree Electric Appliances
• Midea
• Mitsubishi Electric
• Panasonic
• Toshiba Carrier

Other Prominent Vendors:

• Blue Star
• Electrolux
• Haier
• Hitachi
• Ingersoll-Rand
• Johnson Controls
• LG
• Samsung.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/4z9gbs/global_air

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets