With increasing temperature and humidity levels in European countries, the market for Air Conditioner is also growing year on year. Air Conditioner has become a utility product in most of the countries than a luxury product with increasing per capita income and rapid urbanization in developed and developing countries. According to Renub Research analysis, this Europe Air Conditioning Market is expected to be USD 21 Billion by the end of the year 2025.
Improvement in technologies such as the Internet of Things is also propelling the market of Air Conditioners, due to these technologies, appliances have become more efficient with the use of built-in Wi-Fi users can interact with mobile phone app from any place. Most of the electronic companies are also working on the development of energy-efficient Air Conditioner as most of the consumers consider the energy consumption of devices a barometer as when purchasing any item.
The Impact of COVID-19 on Air Conditioner Market
The impact of COVID-19 is affecting all the industry across the world. The leisure industry is mainly hurt by this pandemic, such as hotel, restaurants, cinema hall, auditorium, etc., which is directly affecting the sale of commercial air conditioners, as people are staying in homes which implies the sale of domestic air conditioners can grow in the summer season of this year compensating loss from commercial air conditioner segment. Governments have also permitted the supply of non-essential items through ecommerce websites.
Air Conditioners are extremely useful due to the following properties
Manage heat produced by other Electronic Items:
Every electronic item produces heat such as oven, fridge, computer appliance, coffee maker increase room temperature; apart from that, human bodies also produce heat. To counter the heat produced, Air Conditioner comes handy in normalizing the room temperature and humidity.
Improvement in Air Quality:
Air Conditioner circulates clean and filtered air, along with maintaining the correct level of temperature and moisture in a property. Air Conditioner's air is clean from any dirt particle from outside environment, dust, and parasites that can enter through doors and windows. This air creates a cleaner, healthier environment, not even at domestic but also in the commercial environment.
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