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Press release content from Business Wire. The AP news staff was not involved in its creation.

Latin America Commercial Air Conditioner (AC) Market 2015-2025F - ResearchAndMarkets.com

October 14, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Oct 14, 2019--

The “Latin America Commercial Air Conditioner (AC) Market (2019-2025): Market Forecast by Product Types, by Applications, by Countries, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

Latin America commercial air conditioner market is projected to grow at a CAGR of 2.3% during 2019-25

Commercial air conditioners are commonly used in a diverse range of applications, from small cafes to large public spaces. In an attempt to strengthen their struggling economy, many nations have made infrastructural development their priority in Latin America. Therefore, the building of infrastructure across applications, such as transportation and hospitality, would create new areas of use for commercial air conditioners across the region.

By types, VRFs are anticipated to account for the majority of the revenue share in several countries over the coming years on account of increasing consumer preference towards the installation of environmentally friendly and energy efficient commercial air conditioning systems.

Latin America commercial air conditioner market experienced a decline in 2018 as several Latin American countries continued to suffer from economic distress and political instability which led to the further decline of the construction sectors. These factors adversely affected the infrastructure development in the region and consequently the commercial air conditioner market as well. However, countries such as Brazil and Mexico are on the path to recovery, with their construction sector and consumer spending expected to rebound over the coming years, which would generate new demand for commercial air conditioners in the region.

The commercial offices & retail, hospitality and transportation application segments of the overall market are expected to grow considerably during the forecast period as the government increases their focus on the public infrastructure sector in the region. Some of the key players in the Latin America commercial air conditioner market include Daikin, Trane, Carrier, Mitsubishi and Johnson Controls.

The report comprehensively covers the market by types, applications, and countries. the report provides an unbiased and detailed analysis of the market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product Types

By Applications

By Countries

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/o6kw4y

View source version on businesswire.com:https://www.businesswire.com/news/home/20191014005386/en/

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SOURCE: Research and Markets

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PUB: 10/14/2019 08:54 AM/DISC: 10/14/2019 08:54 AM