Global Air Conditioning Systems Market 2024-2028
The air conditioning systems market is forecasted to grow by USD 47.02 bn during 2023-2028, accelerating at a CAGR of 6.46% during the forecast period. The report on the air conditioning systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for energy-efficient HVAC systems, growing focus on health and indoor air quality, and rising global temperature levels and urbanization.
Technavio's air conditioning systems market is segmented as below:
By End-user
- Residential
- Commercial
- Industrial
By Technology
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increased demand for smart air conditioning systems as one of the prime reasons driving the air conditioning systems market growth during the next few years. Also, rising adoption of inverter technology and air purification technology in air conditioning systems and growing adoption and innovation of air conditioners in transportation sector will lead to sizable demand in the market.
The report on the air conditioning systems market covers the following areas:
- Air conditioning systems market sizing
- Air conditioning systems market forecast
- Air conditioning systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading air conditioning systems market vendors that include Alfa Laval AB, Carrier Global Corp., Daikin Industries Ltd., Electrolux AB, Emerson Electric Co., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., Johnson Controls International Plc, LG Electronics Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sharp Corp., Siemens AG, Midea Group Co. Ltd., Toshiba Corp., Trane Technologies plc, Whirlpool Corp., and Mitsubishi Electric Corp.. Also, the air conditioning systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.