Air Conditioning Systems Market to Record an Exponential CAGR by 2024
The vendor landscape of the global air conditioning systems market is speckled with large and established companies such as Gree Electric Appliances, Inc., Daikin Industries Ltd., and Carrier Corporation; emerging players such as Panasonic Corporation, Mitsubishi Corporation, and The Midea Group; and promising vendors such as LG Electronics, Haier Electronics Group Co., Ltd., and Hitachi Ltd. Each of these players have been striving to strengthen their position in the air conditioning systems market and achieve sustainable growth. Transparency Market Research finds that in order to achieve these goals, companies are presently focused on integrating products so as to expand their customer base and reach out to newer audiences. Strategic partnerships and acquisitions have also been a core strategy for a number of players. A case in point would be Carrier, who, in 2011, joined hands with the Midea Group of China to manufacture as well as distribute HVAC...
