South America Air Conditioners Market to Grow at 7% during 2017 – 2022
Increasing consumer spending, favorable
government rules & regulations, and improving standard of living to aid
South America air conditioners market through 2022
According to a TechSci
Research report, “South
America Air Conditioner Market By Product
Type, By End Use Sector, Competition Forecast & Opportunities,
2012 – 2022”, the region’s air
conditioners market is projected to grow at a CAGR of over 7% during 2017 – 2022,
on account of rising number of educational institutions and hospitals, technological
advancements, and increasing investments for infrastructure-based developments
by public as well as private entities. Moreover, expanding distribution channel
of major companies across the region coupled with increasing homeownership are
expected to drive South America air conditioners market during forecast period.
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https://www.techsciresearch.com/report/south-america-air-conditioner-market-by-product-type-ductable-splits-chillers-vrf-light-commercial-air-conditioners-others-by-end-use-sector-commercial-industrial-residential-competition-forecast-opportunities/1167.html
Brazil dominated South
America air conditioners market during 2012 – 2016, and the country is expected
to maintain its dominance over the next five years as well, due to growing urbanization,
expanding population base and growing inclination towards technology advanced products.
Moreover, the sultry weather of Brazil necessitates the requirement for air
conditioners for consumers of the country.
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“Continuous innovation coupled with growing adoption of energy
efficient air conditioners to reduce electricity, increasing infrastructural
developments, rising awareness among consumers, growing tourism activities and easy
availability of residential space are few of the major factors responsible to steer
the growth of air conditioners market in South America.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“South America
Air Conditioner Market By Product Type, By End Use Sector, Competition
Forecast & Opportunities, 2012 – 2022” has evaluated
the future growth potential of South America air conditioners market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment evaluation. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in South America air conditioners market.
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