Air Conditioning Systems Market, By Type (Unitary, Rooftop, PTAC), By Technology (Inverter and Non-Inverter), By End User (Residential, Commercial, Industrial), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024

Code : CMI4687

Pages :170

Formats :

Excel and PDF

Industry : Consumer Electronics

Market Concentration and Competitive Landscape

Air Conditioning Systems Market Concentration By Players

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Growth in Tourism

Tourism has become one of the fastest growing economic sectors and an important source of foreign exchange. Hotels, resorts, restaurants and other hospitality infrastructure have proliferated worldwide to accommodate the burgeoning tourism industry. International tourist arrivals have been doubled in the last 20 years and is expected increase steadily in the future. While urban growth brings numerous benefits, it also has a negative impact in the form of increased carbon emissions and a larger carbon footprint, primarily due to the rise in tourism-related activities.

The tourism sector relies greatly on-air travel, and this has witnessed growth in passenger traffic. Airplanes, cruise ships, tourist vehicles all contribute significantly to greenhouse gas emissions. The hospitality industry ensures pleasant indoor conditions through efficient cooling systems for guests amid rising heat stresses owing to climate change. A comfortable stay with functional air conditioning facilities is the foremost demand of customer from tourism infrastructure.

Key Players Insights