U.S. commercial air conditioning systems market was valued at USD 7,251.7 million in 2012 and is expected to see growth at 5.2% CAGR during 2013 to 2019 period. With developments in technology and growing demand across the globe, the air conditioning systems market is predicted to experience healthy growth in the coming years. The growth of the U.S. commercial air conditioning systems market is supported by stringent government regulations and development of cost effective and energy efficient products.
There are several types of air-conditioning system installed in commercial buildings ranging from split systems, individual systems, water-cooled packaged systems, variable refrigerant flow (VRF) systems, and centralized chilled water systems, among others. In 2012, by product type, the U.S. commercial air conditioning systems market was dominated by split systems due to rising usage of non-ducted systems owing to their flexibility and ease of installation.
Due to improved controllability and higher efficiency, VRF systems are gaining popularity in air conditioning systems market. VRF systems provide customizable temperature comfort control for private, public and industrial applications for indoor environments. Commercial air conditioning systems market is significantly affected by developments in the construction industry, with most of the income generated from HVAC (heating, ventilation and air-conditioning) installations in newly constructed buildings.
Countries in Asia-Pacific namely China and Japan have highly saturated HVAC market in terms of VRF technology. U.S. VRF air conditioning market, despite its low acceptance in initial years, is expected to see steady growth. Predominant installation of ducted HVAC systems in the country had made the VRF systems transition slow, and only new constructions are preferring installation of VRF HVAC systems. However, recovery in construction and standardization of VRF technology by American bodies has eased the adoption of VRF technology by commercial sector.
Driven the growth potential, HVAC manufacturers and distributors are now focusing on VRF air conditioning systems and their applications that are entering the U.S. market. Some of the key players in this industry include United Technologies Corporation – Climate, Controls and Security Unit (Carrier), Haier Inc., Samsung Electronics, Mitsubishi Electric Corporation, Daikin Industries Ltd., Fujitsu General Pty. Ltd. AB Electrolux, and LG Corporation among others. Of these, Mitsubishi Electric Corporation, Fujitsu and Carrier Corporation, are among leading players in VRF commercial air conditioning systems market in U.S.

Standardization of VRF Technology to Unlock New Revenue Streams in U.S. Commercial Air Conditioning Systems Market.

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Commercial air conditioning systems are key to commercial properties, and the installations are proliferating world over. Particularly in the U.S., the demand for variable refrigerant flow (VRF) systems is one of the major product types likely to gather steam. The proliferating demand for VRF systems in the U.S. for medium to large applications is a key trend in the commercial air conditioning systems. In other parts of the world, notably in Asia Pacific, the market for VRF has largely matured or will soon hit the maturation stage. Hence, manufacturers and vendors are actively looking for new revenues streams in the U.S. Various small-to-medium establishments hotels, offices, mixed-use commerce buildings, and retail spaces are seeing rapidly increasing demand for VRF, expanding the revenue potential of various players in the commercial air conditioning systems market. Several product characteristics underpin the popularity of VRF as commercial air conditioning systems. The ease of installation, that of control and maintenance, and the ease of use are key factors fueling adoption.

The COVID-19 pandemic has considerably challenged the equilibrium of several businesses across industries, including in the U.S. The health pandemic has also led to vast economic upheavals in the recent months. Consumer demands fell dramatically in some industries, shaking the bottom-line of many businesses in a span of just few months. Nevertheless, players in the regional market are keen on adopting new customer reach strategies and integrating automation in large part of operational processes. These efforts are being supported by respective regional governments. This has opened new opportunities in the U.S. commercial air conditioning systems market. Manufacturers and vendors are also to see new avenues on the back of energy-efficient systems. Focus of manufacturers and other market players on brining standardization in VRF technologies will unlock vast lucrative avenues. More prominently, the sustainability aspect will spur product innovation in the not-so-distant future in the U.S. market.

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