Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Future development of the air‐conditioning market in Europe: an outlook until 2020

Future development of the air‐conditioning market in Europe: an outlook until 2020 While the European space‐heating market has been well researched for more than 20 years, there is still limited information concerning the air‐conditioning (AC) branch. Owing to the rising sensitivity of primary energy utilization, the development of the space cooling (SC) sector is of fundamental importance. We apply Porter's five forces analysis, leading to the conclusion that a fairly steady rise for approximately two decades (since 1990) characterizes the AC market, and it will continue to grow moderately. Research and development (R&D) is the dominant driving force. Similar conclusions come from a multiple‐criteria decision analysis, which shows that the SC market will especially depend on (1) R&D activities, (2) economic crisis, and (3) higher comfort standards requested by the European population. Taking into consideration the outcomes of performed inquiries, including an extensive survey based on expert interviews from all over Europe, the AC market appears to be marked by a slightly positive future development until 2020. The main factors influencing this tendency are the fact that SC is necessary only for specific applications and climates, the customers’ purchasing power reduction, and the electricity price growth. WIREs Energy Environ 2016, 5:649–669. doi: 10.1002/wene.210 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Wiley Interdisciplinary Reviews: Energy and Environment Wiley

Future development of the air‐conditioning market in Europe: an outlook until 2020

Download PDF
21 pages

Loading next page...
 
/lp/wiley/future-development-of-the-air-conditioning-market-in-europe-an-outlook-0UudJWNUm7

References (52)

Publisher
Wiley
Copyright
© 2016 John Wiley & Sons, Ltd.
ISSN
2041-8396
eISSN
2041-840X
DOI
10.1002/wene.210
Publisher site
See Article on Publisher Site

Abstract

While the European space‐heating market has been well researched for more than 20 years, there is still limited information concerning the air‐conditioning (AC) branch. Owing to the rising sensitivity of primary energy utilization, the development of the space cooling (SC) sector is of fundamental importance. We apply Porter's five forces analysis, leading to the conclusion that a fairly steady rise for approximately two decades (since 1990) characterizes the AC market, and it will continue to grow moderately. Research and development (R&D) is the dominant driving force. Similar conclusions come from a multiple‐criteria decision analysis, which shows that the SC market will especially depend on (1) R&D activities, (2) economic crisis, and (3) higher comfort standards requested by the European population. Taking into consideration the outcomes of performed inquiries, including an extensive survey based on expert interviews from all over Europe, the AC market appears to be marked by a slightly positive future development until 2020. The main factors influencing this tendency are the fact that SC is necessary only for specific applications and climates, the customers’ purchasing power reduction, and the electricity price growth. WIREs Energy Environ 2016, 5:649–669. doi: 10.1002/wene.210

Journal

Wiley Interdisciplinary Reviews: Energy and Environment – Wiley

Published: Nov 1, 2016

There are no references for this article.