Global Room Air Conditioners Market to Reach 308 Million Units by 2030
The global market for Room Air Conditioners estimated at 171.1 Million Units in the year 2023, is expected to reach 308 Million Units by 2030, growing at a CAGR of 8.8% over the period 2023-2030. Split Air Conditioners, one of the segments analyzed in the report, is expected to record 8.9% CAGR and reach 271.5 Million Units by the end of the analysis period. Growth in the Window Air Conditioners segment is estimated at 7.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at 44.8 Million Units, While China is Forecast to Grow at 12.9% CAGR
The Room Air Conditioners market in the U.S. is estimated at 44.8 Million Units in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 78.4 Million Units by the year 2030 trailing a CAGR of 12.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
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