Air Conditioning Tools Market: Introduction
Tools used to maintain, examine, and test the operation of air conditioning systems are referred to as air conditioning tools. Maintenance is required for air conditioning systems either when they begin to perform poorly or at predetermined intervals. For the safety of these systems and to prevent any significant damage, air conditioning tools are needed to service or replace their parts and gas kits.
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Air conditioning equipment contributes to the security, dependability, and durability of air conditioning systems. The need for air conditioning systems from home to commercial sectors and the current market environment have led to an increase in the market for air conditioning tools, which is anticipated to continue growing over the next few years. Vacuum gauges, leak detectors, hand tools, refrigerant detectors, and UV detection instruments are all examples of air conditioning tools.
Dynamics
Introduction of new technology, advancement of tools and high expectations placed on the superior performance of air conditioning systems have put an onus on the development of air conditioning tools, resulting in positive growth of the said market. Increase in frequency of maintenance of air conditioning systems is another key factor contributing to growth of the global air conditioning tools market. Also, growth in disposable income of the middle class segment has led to an improvement in the sales of air conditioning systems from the perspective of residential usage, thereby increasing their use and hence, driving the market.
Growing number of service centers, luxury vehicles and increasing awareness in response to controlling environmental conditions are expected to fuel growth of the air conditioning tools market. Further, modernization in housing standards and the launch of luxurious commercial complexes and malls are fueling the demand for air conditioning systems and their maintenance, which consequently leads to growth of the air conditioning tools market.
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Segmentation
By-products:
- AC recovery/recycling systems
- AC compressor service tools
- AC manifolds gauges
- Thermistors
- Oil injectors
- Refrigerant identifiers
- Suction filter
- Recharging stations
- Line wrenches
- Hoses
- Others (Data Loggers etc.)
By sales channels
- Online retailer
- Brick and motor
- Direct sales
Regional Overview
Among all regions, Asia Pacific is expected to spearhead growth throughout the forecast period. According to the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), the APAC air conditioning tools market is projected for significant growth, owing to infrastructural development, varying weather conditions and high disposable income.
North America and Europe are next in line to witness significant growth, followed by the Middle East & Africa region. Growth in the latter is largely due to extreme weather conditions, technological development as well as swelling demand from end-user sectors.
Market participants
- CPS Products Inc.
- REFCO Manufacturing Ltd.
- Sealed Unit Parts Co., Inc.
- Matco Tools (Fortive Corporation)
- Mastercool Inc.
- Ritchie Engineering Inc.
- Interworld Highway, LLC.
- Omicron Sensing Pvt. Ltd.
- Robinair (Bosch Automotive Service Solutions Inc.)
- Inficon, Inc.
- Daikin industries Ltd.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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