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Central Air Conditioning Market to Reach USD 46.62 billion by 2027; Increasing Investment in Product R&D Will Aid Growth, says Fortune Business Insights™

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Pune, June 01, 2020 (GLOBE NEWSWIRE) — The global central air conditioning market size is projected to reach USD 46.62 billion by the end of 2027. The increasing investment in technological intervention will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Central Air Conditioning Market Size, Share & COVID-19 Impact Analysis, By Type (Split System, Packaged Unit, and Rooftop System), By Application (Residential and Commercial) and Regional Forecast, 2020-2027,” the market was worth USD 32.94 billion in 2019 and will exhibit a CAGR of 4.5% during the forecast period, 2020-2027.
Central air conditioning is a centralized cooling system that is used in residential and commercialized spaces. The product is widely used in large commercial spaces due to the ability of the product to regulate the temperature of large spaces. The use of technologically advanced concepts has led to improved product operations, subsequently leading to a wider product adoption across the world. The presence of several large scale companies will have a positive impact on the growth of the overall market in the foreseeable future. The use of artificial intelligence and the internet of things (IoT) will fuel the demand for the product across the world. Central air conditioner systems are widely used in applications such as airports, hotels, multiplexes, and hospitals across the world. The high investment in the research and development of efficient products will aid the growth of the market in the coming years.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/central-air-conditioning-market-102842
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches will have a huge impact on the growth of the market in the coming years. The high investment in product R&D has led to several product innovations in recent years. The presence of several large scale companies and their efforts in the development of sustainable products will bode well for the market in the coming years. In July 2019, LG Electronics unveiled a new sustainable central air condition system. The company introduced a new green AC that works on a multi-split VRF system at the Mega Clima HVAC Exhibition at Lagos. LG Electronic’s latest product will cater to the increasing demand for sustainable products aimed at reducing the adverse effects of greenhouse gas effects. LG’s latest sustainable central AC will not just help the company generate substantial revenue, but will also have a positive impact on the growth of the overall market in the coming years.The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific is likely to account for the highest market share. The increasing number of commercial buildings and the increasing construction activities will have a positive impact on the growth of the regional market. The rising building and construction industry in countries such as India and China will aid the growth of the regional market. As of 2019, the market in Asia Pacific was worth USD 11.65 billion and this value is projected to increase further in the coming years. The market in North America will witness considerable growth owing to the rising disposable income in several countries across this region.
List of Key Companies Profiled in the Central Air Conditioning Market Research Report are:
DAIKIN INDUSTRIES, Ltd.Lennox International Inc.CarrierBlue Star Limited.Haier Inc.Mitsubishi Electric CorporationFUJITSU GENERALNortek Global HVACTraneLG ElectronicsFebruary 2018: Fujitsu General announced that it has invested USD 200 million for manufacturing facility setup of air conditioners in Andhra PradeshIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Central Air Conditioning Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Type (Value)Split SystemPackaged UnitRooftop SystemMarket Sizing Estimations and Forecasts – By Application (Value)ResidentialCommercialMarket Analysis, Insights and Forecast – By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued..!!!
Commercial Refrigeration Compressor Market Size, Share & Industry Analysis, By Type (Reciprocating, Rotary, Screw, Others), By Cooling Capacity (Upto 1 kW, 1 – 15 kW, 15 – 100 kW, Above 100 kW), By Application (Refrigerator and freezer, Refrigerated Display Cases, Transport Refrigeration, Beverage Coolers and Freezers, Others) and Regional Forecast, 2019-2026Commercial Refrigeration Equipment Market Size, Share & Industry Analysis, By Type (Refrigerator & Freezer, Transport Refrigeration, Refrigerated Display Cases, Ice Machines, and Others), By Application (Food & Beverage, Retail Stores, Hotels & Restaurants, Chemicals & Pharmaceuticals, and Others) and Regional Forecast, 2019-2026Commercial Air Conditioner (AC) Market Size, Share & Industry Analysis, By Type (Packaged Air Conditioners, VRF/VRV), By Refrigerants (R-32, A-410A/R-407C, R600A/R-290, Others), By End-User (Healthcare, Educational/Institutional, Public/ Government, Retail, Hospitality, Manufacturing) and Regional Forecast, 2019-2026HVAC Control System Market Size, Share & Industry Analysis, By Product (Traditional HVAC Control Systems, Smart HVAC Control Systems), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2019-2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
Fortune Business Insights™ Pvt. Ltd.
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Artificial Intelligence

WEKA Recognized as a Visionary in 2024 Gartner® Magic Quadrant™ for File & Object Storage Platforms

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CAMPBELL, Calif., Oct. 14, 2024 /PRNewswire/ — WekaIO (WEKA), the AI-native data platform company, announced today that it has been named a Visionary in the 2024 Gartner® Magic Quadrant™ for File & Object Storage Platforms. The company was evaluated for its WEKA® Data Platform software solution and recognized for its Completeness of Vision and Ability to Execute. WEKA was previously named a Visionary in the Gartner® Magic Quadrant™ for Distributed File Systems and Object Storage from 2021 through 2023.

According to the report, “Gartner defines file and object storage platforms as software and/or hardware platforms that offer object and distributed file system technologies for storing and managing unstructured data over NFS, SMB and Amazon S3 access protocols.”
Gartner predicts, “By 2029, over 80% of unstructured data will be deployed on a consolidated storage platform instead of separate file and object products, up from 40% in early 2024.” 1
WEKA delivers a unified platform-based solution that provides integrated file and object storage capabilities for unstructured data management and performance-intensive workloads across edge, core, cloud, and hybrid environments. It was purpose-built to deliver exceptional performance at scale and provides an optimal environment for modern data-intensive applications like generative AI, high-performance computing, and GPU acceleration.
“The AI revolution is rapidly reshaping enterprise data strategies, dissolving the walls of the traditional data center in favor of data pipeline-oriented architectures. A decade ago, we saw this wave of modern, data-intensive workloads coming for enterprise customers and set out to create a single, unified platform approach to unstructured data management that would eliminate the performance bottlenecks and inefficiencies of traditional data infrastructure,” said Liran Zvibel, co-founder and chief executive officer at WEKA. “We believe the updated view from Gartner of the file and object storage market aligns with that vision. WEKA is honored to be recognized as a Visionary in the 2024 Gartner Magic Quadrant for File & Object Storage Platforms.”
A complimentary copy of the 2024 Gartner Magic Quadrant for File & Object Storage Platforms can be obtained from WEKA – no registration required. Visit https://www.weka.io/lp/gartner-magic-quadrant-2024-visionary/ to view and download the report.
[1] Gartner Magic Quadrant for File and Object Storage Platforms, Chandra Mukhyala, Julia Palmer, Jeff Vogel, Published 8 October 2024 – ID G00805183
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About WEKA WEKA is architecting a new approach to the enterprise data stack built for the AI era. The WEKA® Data Platform sets the standard for AI infrastructure with a cloud and AI-native architecture that can be deployed anywhere, providing seamless data portability across on-premises, cloud, and edge environments. It transforms legacy data silos into dynamic data pipelines that accelerate GPUs, AI model training and inference, and other performance-intensive workloads, enabling them to work more efficiently, consume less energy, and reduce associated carbon emissions. WEKA helps the world’s most innovative enterprises and research organizations overcome complex data challenges to reach discoveries, insights, and outcomes faster and more sustainably – including 12 of the Fortune 50. Visit www.weka.io to learn more, or connect with WEKA on LinkedIn, X, and Facebook.
WEKA and the WEKA logo are registered trademarks of WekaIO, Inc. Other trade names used herein may be trademarks of their respective owners. 
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Hikvision launches the latest network cameras with ColorVu 3.0 technology, opening new chapter in EasyIP 4.0 Plus

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HANGZHOU, China, Oct. 14, 2024 /PRNewswire/ — Hikvision has announced its latest network cameras with ColorVu 3.0 technology, launching a new generation of EasyIP 4.0 Plus. The new network cameras with ColorVu 3.0 elevate video security to unprecedented levels, delivering improved image quality, more intelligent functions, better audio capabilities, and enhanced product design and materials.

The new cameras feature significant upgrades in four key aspects, each designed to enhance user experience and security performance.
ColorVu 3.0: AI-powered night vision hits new heights
The new network cameras come equipped with ColorVu 3.0, which integrates Hikvision’s advanced AI image processing capabilities, HikAI-ISP. This offers AI noise reduction and dynamic motion trail reduction, significantly enhancing both dynamic image clarity and static details. With it, users can expect vastly superior image quality, even in challenging lighting conditions.
This is possible, thanks to the ability of HikAI-ISP to incorporate massive amounts of data for deep learning training. The number of parameters automatically obtained far exceeds the traditional ISP, which means that the HikAI-ISP is able to perform image restoration with high precision, making every detail better.
Another highlight of ColorVu 3.0 is the 3D LUT technology, which provides accurate color correction and delicate color matching. It not only enhances brightness but, more importantly, restores the true color of things.
Moreover, Hikvision has introduced the innovative AI WDR (Wide Dynamic Range) in its ColorVu 3.0, allowing both the bright and dark areas of an image to be blended naturally. Bright areas are not overexposed, while details in dark areas are not lost. In addition, the AI WDR enables the device to determine whether to turn on or off WDR according to the brightness of the environment, without the need for manual adjustments.
AcuSense 3.0: Intelligence better fits scenarios
With the introduction of AcuSense 3.0, the new cameras simplify video analysis with AcuSearch. This enables image-based video searching with just one click and then displays the relevant video immediately, greatly improving retrieval efficiency. Furthermore, dual upgrades in perimeter protection and Motion Detection 3.0 algorithms have been tailored to better suit overseas application scenarios. The dual upgrades greatly improve the accuracy rate while effectively reducing the false alarms caused by lights hitting stationary cars at night.
Audio 2.0: Crystal-clear audio with intelligence
In addition to upgrading image and intelligence, the network cameras with ColorVu 3.0 also bring users a new audio experience. The Audio 2.0, provides better sound reception and speaker effects. The arrayed dual-mic design ensures excellent noise reduction, delivering enhanced vocal clarity and improving overall audio quality. The integration of a Smart PA Speaker extends sound coverage, amplifying the warning effects of alerts and facilitating greater two-way audio communication. With Audio 2.0, therefore, the cameras can better adapt to larger and more complex scenarios which have higher audio requirements.
Motorization 2.0: Dome revolution, no cover removal
In terms of ease of use, the network cameras includes revolutionary products, the PTRZ cameras. These cameras, which feature a transparent cover design, are more efficient and safer thanks to motorized adjustments which eliminate the need for manual tuning and the risk of contamination. In addition, the 5-axis adjustment with supplemental lighting, ensures clear imagery around the clock.
“Hikvision has always been committed to providing high-quality products for the small and medium business market,” said Hikvision’s product manager. “This time, the network Cameras with ColorVu 3.0 through the comprehensive upgrading of image quality, product design and materials, intelligence, and audio, meeting the needs of customers for high-quality products and helping partners realize business success.”
Hikvision not only prioritizes technological innovation but also carefully selects product materials. The upgraded anti-corrosion protection for all EasyIP 4.0 products ensures a longer-lasting customer experience. Hikvision has also improved its packaging to be more environmentally friendly, trying its best to protect the planet.
For more information about the network Cameras with ColorVu 3.0 technology and EasyIP 4.0 Plus, please visit Hikvision’s website or contact your local Hikvision representative.
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HL Holdings’s HL Robotics Acquires “Stanley Robotics”

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– With the world’s first company that “commercialized outdoor valet parking robots,” HL Robotics advances to take the lead in the global market –
SEOUL, South Korea, Oct. 14, 2024 /PRNewswire/ — HL Robotics, a subsidiary of HL Holdings established on September 6, signed an agreement to acquire “Stanley Robotics,” the world’s first company to commercialize outdoor valet parking robots. The acquisition is expected to be finalized before the end of the year and following the agreement from the authorities. HL Robotics’ swift action has garnered attention and is expected to capture a market worth USD 6.7 billion. The key is on “popularization,” the core is “autonomous driving technology,” the challenge is “global expansion,” and Stanley Robotics is an automated valet parking robot company that fulfills all these criteria. With this acquisition, HL Robotics aims to “take the lead in the global parking robot market” and spearhead the advancement of global autonomous parking robot technology, positioning it as a new growth engine for HL Group.

Stanley Robotics specializes in the commercialization of automated parking robots. After successfully commercializing parking robots in Lyon-Saint-Exupéry Airport in France in 2018, Stanley Robotics signed a parking robot subscription agreement with a Canadian finished vehicle logistics supply chain company, launching robotic automotive logistics compound management in September this year. This marks the first commercial model in North America featuring a comprehensive package, including maintenance services. Also, expectations for additional orders are high, with concentrated spots for vehicles, including railroad logistics companies and airports across North America and Europe, as potential customers. There is considerable excitement surrounding Stanley Robotics’ flagship product, “Stan.” Stan is an autonomous valet parking robot that navigates parking lots without time or space constraints, making it a key player in the commercialization of parking robots. This success has been enabled by the Fleet Management System(FMS). The FMS, which utilizes digital twin technology, not only monitors Stan but also provides real-time remote control from one central location. Market concerns about potential “power-off” issues have been addressed by Stan’s built-in “intelligent automatic charging function” as the solution.
The market for autonomous parking robots is wide open. Experts predict that the global market, which has been growing at double-digit rates annually, will reach USD 6.7 billion by 2030. This growth is driven by space shortages, population growth, and increasing urban density in major cities worldwide. These factors have led HL Group to invest in the global autonomous parking robot business. HL plans to expand its business portfolio beyond parking robots to include a broader range of robotic solutions aimed at everyday consumers.
About HL Robotics
HL Robotics, a newly formed subsidiary of HL Holdings, aims to “take the lead in the global parking robot market” and spearhead the advancement of global autonomous parking robot technology, positioning it as a new growth engine for HL Group. Backed by HL Group’s extensive global presence and deep industry experience, HL Robotics is driving forward the future of automation in the parking and logistics sectors.
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