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/EIN News/ -- United States, Rockville MD, June 09, 2022 (GLOBE NEWSWIRE) -- The U.S. air conditioning system market expanded at 3.9% CAGR between 2017 and 2021. The market is projected to expand at the rate of 5.6% CAGR to surpass a valuation of US$ 35.2 billion by the end of 2032.

According to the recent analysis Fact.MR, a market research and competitive intelligence provider, sales of air conditioning systems across U.S. are poised to increase substantially owing to connectivity-improving data control and the incorporation of smart technologies designed for automation.

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Manufacturers are introducing advanced technologies in air conditioning systems that are software-enabled, which aid in data collection, system status, usage trends, and past performance, and can also alert for preventive maintenance for faster repairs in case of an malfunction in the unit. Along with this, eco-friendly systems are in great demand these days, which include the use of solar panels to narrow down energy costs.

Which Key Trends are Being Witnessed in the U.S. Market for Air Conditioning Systems? “Emergence of Green Air Conditioning Systems for Green Building Technology”

Cooling appliances are known to emit large volumes of GHGs or greenhouse gases & CFCs, and are energy-intensive, which has led to the need for green air conditioning systems. Rising preference for sustainable green technologies has challenged manufacturers of air conditioning devices as well. They are now focusing on improving system designs, providing optimum cooling load management, along with the use of natural refrigerants to develop energy-efficient solutions in air conditioning.

Thus, technological developments in air conditioning provide for green air conditioning systems that do not emit GHGs and are highly energy-efficient. These are highly adopted in green building technologies to impact green technology outcomes.

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Key Segments Covered in the U.S. Air Conditioning System Industry Survey

Prominent air conditioning system manufacturers are incorporating software automation and are focusing on introducing eco-friendly systems to increase their market share.

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Key players in the U.S. Air Conditioning System Market

Key Takeaways from U.S. Air Conditioning System Market Study

Fact.MR’s Domain Knowledge in Industrial Goods Division Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over a thousand reports and 1 Billion-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Explore More Industrial Goods Industry Reports:

Light Tower Market- Recent data from Fact.MR states that the market for light towers gained a market revenue of around US$ 1.2 Bn in 2020. Increase in the use of renewable energy resources for the functioning of light towers and the efficiency of light towers at different sights is expected to boost market revenue. The light towers sale is expected to surpass a CAGR of 5% in the forecast period.

Li-Ion Battery Pack Market- The li-ion battery market revenue totalled US$ 57.4 Bn for 2020, according to Fact.MR, a market research and competitive intelligence provider. Li-ion’s quality of being lightweight and the drop in the price for li-ion is driving the sales of the same.

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Portable Air Compressor Market- The global market for portable air compressors is estimated to grow at a moderate CAGR of over 4% during the forecast period (2019-2027) to reach a valuation of over US$ 8 Bn.

Metal Forging Market- The global metal forging market is expected to register a CAGR of 7% through 2031, reaching US$ 180 Bn. The need for strong and durable forged components will rise as the number of electric cars increases, boosting the market's growth throughout the projected period. Revenues in the automotive segment are expected to comprise 51% of the global market.

Ammunition Market- The global ammunition market was valued at US$ 19.2 Billion in 2021, and is projected to register a Y-o-Y increase of 4.16% in 2022 to be valued at US$ 20 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 5.7% value CAGR, likely to reach US$ 35 Billion by the end of the said forecast period.

Waterjet Cutting Machine Market- A new forecast by Fact.MR estimates that waterjet cutting machine revenues will expand nearly 1.6x between 2021 and 2031, surpassing US$ 1.5 Bn in 2031 with a 10 year compound annual growth rate (CAGR) of approximately 5%.

Permanent Magnets Market- A new forecast by Fact.MR estimates that permanent magnets revenues will more than double between 2021 and 2031, reaching US$ 78 Bn at a CAGR of 8.5%. The market is poised to gain traction on the back of growing demand from the consumer electronics industry. Furthermore, traction is provided by the smart homes industry, prompting the market to surpass US$ 34 Bn by 2021.

Flow Meter Market- Versatile applications of flow meters in the oil & gas sector are projected to bolster the growth of flow meter market. The market is poised to grow at a steady clip of 5.5% CAGR during the forecast period (2019-2029). Surge in demand for renewable sources of energy such as gas are further fueling the flow meter market.

Personal Protective Equipment Market- As of 2021, sales of personal protective equipment were valued at US$ 51.5 Billion, and are expected to surge at a Y-o-Y growth rate of 2.9% in 2022, reaching US$ 53 Billion. Across the forecast period ranging from 2022-2032, the personal protective equipment market value is poised to expand at a CAGR of 6.6% to reach US$ 100.3 Billion.

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