C&M: Global market for portable air conditioning systems driven by high demand from North America and Europe
Global Portable Air Conditioning System Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:23:02
The Global Portable Air Conditioning System market is to grow at a CAGR of 12.56 percent over the period 2013-2018. One of the key factors contributing to this market growth is the high demand from North America and Europe. The Global Portable Air Conditioning System market has also been witnessing the increasing adoption of inverter-based portable air conditioners. However, the capital-intensive market could pose a challenge to the growth of this market.
The Global Portable Air Conditioning System market is increasingly adopting green technology and using renewable energy sources to create energy-efficient, eco-friendly portable air conditioning systems. Governments of many countries such as the US and the UK are adopting green initiatives and promoting the use of renewable energy sources to promote clean energy. Moreover, the advent of hybrid systems and non-polluting refrigerants has led to the provision and adoption of green technology by vendors and end-users, respectively. In addition, vendors are developing innovative portable air conditioning systems that are compatible with eco-friendly refrigerants. Further, companies are manufacturing air conditioning systems to meet/exceed the guidelines set by the ENERGY STAR program and the EnergyGuide labels.
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