Rising disposable income, growing concerns for energy efficiency and expansion of public & private infrastructures and National Infrastructure Plan are the key factors expected to drive Mexico's air conditioner market.
According to 6Wresearch, Mexico's Air Conditioner market is projected to grow at a CAGR of 5.69% during 2016-22. Though, Mexican air conditioner market recorded negative CAGR during 2012-15, but is likely to post growth over the next six years. Declining construction sector and falling currency have significantly impacted the growth of the air conditioning market during this time period.
Central Mexico is the leading revenue contributing region in the entire market. The region is expected to maintain its market leadership in the forecast period as well due to proposed new commercial establishments. Most of the new constructions for commercial buildings are proposed especially in the Mexico City and Monterrey.
The report thoroughly covers the air conditioner market by types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Media Source: Open PR