The North America air conditioning systems market is expected to reach USD 52.56 billion by 2020, according to a new study by Grand View Research, Inc. Increasing construction expenditure is expected to drive the market across residential, commercial and industrial sectors. Additionally, favorable regulatory initiatives for energy efficiency are also expected to fuel market growth over the next six years. Technological advancement has bolstered product development and innovation. High degree of competition from other regional markets, coupled with lower prices of products offered by Chinese manufacturers may hinder the industry in North America over the forecast period. Growing application areas, such as the use of portable air conditioning systems in tents for outdoor activities is expected to be an opportunity for industry participants over the next six years.
http://www.grandviewresearch.com/industry-analysis/north-america-air-conditioning-systems-market
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