Cleancool Smart News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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NEW YORK, May 12, 2021  /PRNewswire/ The global air conditioning market by product (splits, chillers, airside, and others) and geography (APAC, Europe, North America, MEA, and South America) has been added to Technavio s offering. The global air conditioning market is expected to grow by USD 19.60 billion, at a CAGR of about 3% during 2021-2025.
Technavio has announced its latest market research report titled Air Conditioning Market by Product and Geography - Forecast and Analysis 2021-2025
The rapid spread of COVID-19 forced governments across the world to impose nationwide lockdowns. This resulted in a decline in the number of construction projects, which negatively affected the demand for air conditioning systems. However, the market is expected to recover in 2021 with the lift of restrictions and resumption of business activities. ....

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