Brazil Air Conditioner Market (2019-2025)

[6wresearch]

According to 6Wresearch, Brazil Air Conditioner (AC) Market size is anticipated to register growth during 2019-25. In the overall Brazil air conditioner market share, northern region has captured major pie in 2018 owing to high temperature and humidity levels in the region and is expected to lead throughout the forecast period as well. Moreover, growing consumer preference for technologically advanced air conditioners with inverters would further propel he market growth of Brazil air conditioner market in next six years.

 

[Himanshi Agarwal]

According to 6Wresearch, Brazil Air Conditioner (AC) Market size is anticipated to register growth during 2019-25. In the overall Brazil air conditioner market share, northern region has captured major pie in 2018 owing to high temperature and humidity levels in the region and is expected to lead throughout the forecast period as well. Moreover, growing consumer preference for technologically advanced air conditioners with inverters would further propel he market growth of Brazil air conditioner market in next six years.

Air conditioning is the process of eradicating heat and moisture from an indoor occupied space by evaporation and condensation. To provide a comfortable indoor environment, an air conditioner uses components such as dehumidifiers, condenser, chiller, condensing units, transducers, actuators, dampers, and evaporator coils.

Air Conditioning Market Outlook:

An acute analysis of the regional air conditioning market outlook depicts APAC to be dominating the global scenario with 34 % - 37% of the global demands being generated from its territory in 2018. The sheer affluence of this region can be attributed to the rapid industrialization in Indian and Chinese economy constituting nearly 35% of global population and falling under warm and humid tropics.

As per the International Finance Corporation, a member of World Bank Group, the constructed setting is estimated to twofold by 2050. China single-handedly has the caliber to augment 53 billion square meters of construction space, which is equal to the construction stock of Latin America today[2]. Modern era complex commercial, industrial and residential infrastructures necessitates thermal adjustment systems as an imperative component. Hence, according to Japan Refrigeration and Air-Conditioning Industry Association (JRAIA), global demand for RAC (Room Air Conditioners) and PAC (Packaged Air Conditioners) is estimated to reach 96.05 million units and 14.51 million units in 2019[3].