Air Conditioners Market

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from $4,900	117 Pages	TechSci Research	June, 2023	TCSI18013008

Best Price Guarantee
Price	from $4,900
Length	117 Pages
Publisher	TechSci Research
Published Date	June, 2023
SKU	TCSI18013008

Air Conditioners Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028F
By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others), By Light Commercial Air Conditioners (High Wall Splits, Window Air Conditioners, Cassettes and Concealed Ductable Splits), By Region

The global air conditioners market is anticipated to expected to witness robust growth and to be valued at more than USD100 billion in 2022. The global air conditioner market is mainly driven by the rise in population, including households. For instance, as per the data provided by World Bank, the global population stood at 7.84 billion at a 0.9% annual growth rate. Moreover, the increase in temperature due to greenhouse emissions is also supporting the rising demand for air conditioners in multiple countries like India, Australia, and France, where temperatures touched 46.2, 45.9, and 49.5 degree Celsius, respectively, in 2020.

According to World Health Organization (WHO), overcrowded and inadequately ventilated environments increase the risk of contracting COVID-19. This is because the virus spreads between individuals via droplets and aerosols of infected respiratory particles. Insufficient ventilation can cause infectious particles to hang in the air or spread farther than a conversational distance. However, the chance of the virus spreading inside decreases with better ventilation indoors. Thus, these factors negatively affected the demand for air conditioners.

Air conditioning systems are being used worldwide, including in homes, retail establishments, offices, and entertainment venues. Particularly in hot and arid regions, air conditioning systems have played a significant role in changing the indoor atmosphere, becoming a crucial component of the infrastructure that supports modern spaces. Furthermore, it is projected that over the coming few years, demand for air conditioners will increase positively as economic growth in emerging nations continues to soar.

The market for smart air conditioners, in particular, along with many other air conditioner industry segments, may grow in the upcoming years. The market for smart air conditioners is projected to be driven by the growing popularity of smart devices that can transform traditional remote-controlled air conditioners into smart gadgets. Room air conditioner demand is rising as housing standards rise, while packaged air conditioner demand is predicted to grow somewhat as more malls, offices, and factories are approved to be built.

Rising Commercial and Residential Construction is Driving the

The global air conditioner market is mainly driven by the rise in the construction of residential and commercial places, which is directly linked to the rise in population. For example, the Saudi Arabian government announced the construction of Neom City, keeping population in mind. Moreover, various countries have launched different plans to invest in multiple public and private development. For example, the Indonesian government has launched a 20-Year Development Plan and Master Plan that will direct government spending in a variety of sectors, including housing, infrastructure, commercial, hospitality, manufacturing, education, and healthcare. Thus, these factors are driving the demand for air conditioners globally.

Rising Concerns About Greenhouse Gas Emission is Propelling the Market Growth

. Various initiatives and regulations have been introduced by government agencies to reduce greenhouse emissions as a result of the growing concern over the rising greenhouse gases that are substantially harming the environment. Thus, To adhere to the guidelines, various companies have created air conditioners that are equipped with refrigerants like R-32, leading to increased demand for air conditioners as consumers are exchanging old air conditioners with new ones.

The technology of Air Conditioners is Constantly Evolving.

To attract more consumers, various brands are launching air conditioners with the latest innovations and smarter features. For instance, new series of air conditioning units were introduced in India by Daikin Airconditioning India Pvt. Ltd., which was an entirely owned subsidiary of Daikin Industries, Ltd. The new hot and cold split air conditioners in their "U" series come with technology that enables the user to control the air quality throughout their room. Additionally, in extremely cold places, they are advanced with a temperature range of -10 to 24 degrees Celsius.

Market Segmentation

The global air conditioner market is segmented on the basis of product type, light commercial air conditioners, region, and competitional landscape. Based on product type, the market is further fragmented into Light Commercial Air Conditioners, Ductable Splits, VRFs, Chillers, and Others. On the basis of Light Commercial Air Conditioners, the market is divided into High Wall Splits, Window, Concealed Ductable Splits, Window Air Conditioners, and Cassettes. The market analysis also studies the regional distribution, divided among regions such as Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Within North America, it is the United States which is dominating the market with an estimated market size of USD15.37 billion in 2021.

Company Profiles

Some of the leading players in the global air conditioners market are Daikin Industries, Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., and others.

Report Scope:

In this report, global air conditioners market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Global Air Conditioners Market, By Product Type:
Light Commercial Air Conditioners
Ductable Splits
VRFs
Chillers
Others
Global Air Conditioners Market, By Light Commercial Air Conditioners:
High Wall Splits
Window
Cassettes
Concealed Ductable Splits
Global Air Conditioners Market, By Region:
Asia-Pacific
China
Japan
India
Indonesia
Vietnam
North America
United States
Canada
Mexico
Europe
Russia
Italy
France
Spain
United Kingdom
Middle East & Africa
Saudi Arabia
Egypt
UAE
Turkey
South America
Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global air conditioners market.

Company Information

Detailed analysis and profiling of additional market players (up to five).

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer: 4.1. Respondent Demographics; 4.2. Brand Awareness; 4.3. Frequency of Usage; 4.4. Factors Influencing Purchase Decision; 4.5. Brand Satisfaction; 4.6. Customer Satisfaction; 4.7. Challenges Faced Post Purchase
5. Global Air Conditioners Market outlook: 5.1. Market Size & Forecast; 5.1.1. By Value & Volume; 5.2. Market Share & Forecast; 5.2.1. By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others); 5.2.1.1. By Light Commercial Air Conditioners - By Product Type (High Wall Splits, Window Air Conditioners, Cassettes and Concealed Ductable Splits); 5.2.2. Region; 5.2.3. By Company (2022); 5.2.4. Market Map (By Product Type, By Region)
6. Asia-Pacific Air Conditioners Market Outlook: 6.1. PESTEL Impact Analysis in Asia-Pacific Region; 6.1.1. Political Impact; 6.1.2. Economic Impact; 6.1.3. Social Impact; 6.1.4. Technology Impact; 6.1.5. Environment Impact; 6.1.6. Legal Impact; 6.2. Market Size & Forecast; 6.2.1. By Value & Volume; 6.3. Market Share & Forecast; 6.3.1. By Product Type; 6.3.1.1. By Light Commercial Air Conditioners Market Share- Product Type; 6.3.2. By Country; 6.3.2.1. China Air Conditioners Market Outlook; 6.3.2.1.1. Market Size & Forecast; 6.3.2.1.1.1. By Value & Volume; 6.3.2.1.2. Market Share & Forecast; 6.3.2.1.2.1. By Product Type; 6.3.2.1.2.2. By End Use Sector; 6.3.2.2. Japan Air Conditioners Market Outlook; 6.3.2.2.1. Market Size & Forecast; 6.3.2.2.1.1. By Value & Volume; 6.3.2.2.2. Market Share & Forecast; 6.3.2.2.2.1. By Product Type; 6.3.2.2.2.2. By End Use Sector; 6.3.2.3. India Air Conditioners Market Outlook; 6.3.2.3.1. Market Size & Forecast; 6.3.2.3.1.1. By Value & Volume; 6.3.2.3.2. Market Share & Forecast; 6.3.2.3.2.1. By Product Type; 6.3.2.3.2.2. By End Use Sector; 6.3.2.4. Indonesia Air Conditioners Market Outlook; 6.3.2.4.1. Market Size & Forecast; 6.3.2.4.1.1. By Value & Volume; 6.3.2.4.2. Market Share & Forecast; 6.3.2.4.2.1. By Product Type; 6.3.2.4.2.2. By End Use Sector; 6.3.2.5. Vietnam Air Conditioners Market Outlook; 6.3.2.5.1. Market Size & Forecast; 6.3.2.5.1.1. By Value & Volume; 6.3.2.5.2. Market Share & Forecast; 6.3.2.5.2.1. By Product Type; 6.3.2.5.2.2. By End Use Sector
7. North America Air Conditioners Market Outlook: 7.1. PESTEL Impact Analysis in North America Region; 7.1.1. Political Impact; 7.1.2. Economic Impact; 7.1.3. Social Impact; 7.1.4. Technology Impact; 7.1.5. Environment Impact; 7.1.6. Legal Impact; 7.2. Market Size & Forecast; 7.2.1. By Value & Volume; 7.3. Market Share & Forecast; 7.3.1. By Product Type; 7.3.1.1. By Light Commercial Air Conditioners Market Share- Product Type; 7.3.2. By Country; 7.3.2.1. United States Air Conditioners Market Outlook; 7.3.2.1.1. Market Size & Forecast; 7.3.2.1.1.1. By Value & Volume; 7.3.2.1.2. Market Share & Forecast; 7.3.2.1.2.1. By Product Type; 7.3.2.1.2.2. By End Use Sector; 7.3.2.2. Canada Air Conditioners Market Outlook; 7.3.2.2.1. Market Size & Forecast; 7.3.2.2.1.1. By Value & Volume; 7.3.2.2.2. Market Share & Forecast; 7.3.2.2.2.1. By Product Type; 7.3.2.2.2.2. By End Use Sector; 7.3.2.3. Mexico Air Conditioners Market Outlook; 7.3.2.3.1. Market Size & Forecast; 7.3.2.3.1.1. By Value & Volume; 7.3.2.3.2. Market Share & Forecast; 7.3.2.3.2.1. By Product Type; 7.3.2.3.2.2. By End Use Sector
8. Europe Air Conditioners Market Outlook: 8.1. PESTEL Impact Analysis in Europe Region; 8.1.1. Political Impact; 8.1.2. Economic Impact; 8.1.3. Social Impact; 8.1.4. Technology Impact; 8.1.5. Environment Impact; 8.1.6. Legal Impact; 8.2. Market Size & Forecast; 8.2.1. By Value & Volume; 8.3. Market Share & Forecast; 8.3.1. By Product Type; 8.3.1.1. By Light Commercial Air Conditioners Market Share- Product Type; 8.3.2. By Country; 8.3.2.1. Russia Air Conditioners Market Outlook; 8.3.2.1.1. Market Size & Forecast; 8.3.2.1.1.1. By Value & Volume; 8.3.2.1.2. Market Share & Forecast; 8.3.2.1.2.1. By Product Type; 8.3.2.1.2.2. By End Use Sector; 8.3.2.2. Italy Air Conditioners Market Outlook; 8.3.2.2.1. Market Size & Forecast; 8.3.2.2.1.1. By Value & Volume; 8.3.2.2.2. Market Share & Forecast; 8.3.2.2.2.1. By Product Type; 8.3.2.2.2.2. By End Use Sector; 8.3.2.3. France Air Conditioners Market Outlook; 8.3.2.3.1. Market Size & Forecast; 8.3.2.3.1.1. By Value & Volume; 8.3.2.3.2. Market Share & Forecast; 8.3.2.3.2.1. By Product Type; 8.3.2.3.2.2. By End Use Sector; 8.3.2.4. Spain Air Conditioners Market Outlook; 8.3.2.4.1. Market Size & Forecast; 8.3.2.4.1.1. By Value & Volume; 8.3.2.4.2. Market Share & Forecast; 8.3.2.4.2.1. By Product Type; 8.3.2.4.2.2. By End Use Sector; 8.3.2.5. United Kingdom Air Conditioners Market Outlook; 8.3.2.5.1. Market Size & Forecast; 8.3.2.5.1.1. By Value & Volume; 8.3.2.5.2. Market Share & Forecast; 8.3.2.5.2.1. By Product Type; 8.3.2.5.2.2. By End Use Sector
9. Middle East & Africa Air Conditioners Market Outlook: 9.1. PESTEL Impact Analysis in Middle East & Africa region; 9.1.1. Political Impact; 9.1.2. Economic Impact; 9.1.3. Social Impact; 9.1.4. Technology Impact; 9.1.5. Environment Impact; 9.1.6. Legal Impact; 9.2. Market Size & Forecast; 9.2.1. By Value & Volume; 9.3. Market Share & Forecast; 9.3.1. By Product Type; 9.3.1.1. By Light Commercial Air Conditioners Market Share- Product Type; 9.3.2. By Country; 9.3.2.1. Saudi Arabia Air Conditioners Market Outlook; 9.3.2.1.1. Market Size & Forecast; 9.3.2.1.1.1. By Value & Volume; 9.3.2.1.2. Market Share & Forecast; 9.3.2.1.2.1. By Product Type; 9.3.2.1.2.2. By End Use Sector; 9.3.2.2. Egypt Air Conditioners Market Outlook; 9.3.2.2.1. Market Size & Forecast; 9.3.2.2.1.1. By Value & Volume; 9.3.2.2.2. Market Share & Forecast; 9.3.2.2.2.1. By Product Type; 9.3.2.2.2.2. By End Use Sector; 9.3.2.3. UAE Air Conditioners Market Outlook; 9.3.2.3.1. Market Size & Forecast; 9.3.2.3.1.1. By Value & Volume; 9.3.2.3.2. Market Share & Forecast; 9.3.2.3.2.1. By Product Type; 9.3.2.3.2.2. By End Use Sector; 9.3.2.4. Turkey Air Conditioners Market Outlook; 9.3.2.4.1. Market Size & Forecast; 9.3.2.4.1.1. By Value & Volume; 9.3.2.4.2. Market Share & Forecast; 9.3.2.4.2.1. By Product Type; 9.3.2.4.2.2. By End Use Sector
10. South America Air Conditioners Market Outlook: 10.1. PESTEL Impact Analysis in South America Region; 10.1.1. Political Impact; 10.1.2. Economic Impact; 10.1.3. Social Impact; 10.1.4. Technology Impact; 10.1.5. Environment Impact; 10.1.6. Legal Impact; 10.2. Market Size & Forecast; 10.2.1. By Value & Volume; 10.3. Market Share & Forecast; 10.3.1. By Product Type; 10.3.1.1. By Light Commercial Air Conditioners Market Share- Product Type; 10.3.2. By Country; 10.3.2.1. Brazil Air Conditioners Market Outlook; 10.3.2.1.1. Market Size & Forecast; 10.3.2.1.1.1. By Value & Volume; 10.3.2.1.2. Market Share & Forecast; 10.3.2.1.2.1. By Product Type; 10.3.2.1.2.2. By End Use Sector; 10.3.2.2. Argentina Air Conditioners Market Outlook; 10.3.2.2.1. Market Size & Forecast; 10.3.2.2.1.1. By Value & Volume; 10.3.2.2.2. Market Share & Forecast; 10.3.2.2.2.1. By Product Type; 10.3.2.2.2.2. By End Use Sector; 10.3.2.3. Colombia Air Conditioners Market Outlook; 10.3.2.3.1. Market Size & Forecast; 10.3.2.3.1.1. By Value & Volume; 10.3.2.3.2. Market Share & Forecast; 10.3.2.3.2.1. By Product Type; 10.3.2.3.2.2. By End Use Sector
11. Market Dynamics: 11.1. Drivers; 11.2. Challenges
12. Impact of COVID-19 on Global Air Conditioners Market
13. Market Trends & Developments
14. Porter’s Five Forces Model: 14.1. Competitive Rivalry; 14.2. Bargaining Power of Buyers; 14.3. Bargaining Power of Suppliers; 14.4. Threat of New Entrants; 14.5. Threat of Substitutes
15. Impact of Russia-Ukraine War
16. Competitive Landscape: 16.1. Company Profiles; 16.1.1. Daikin Industries, Ltd.; 16.1.1.1. Business Overview; 16.1.1.2. Merger & Acquisitions; 16.1.1.3. Product Launches; 16.1.1.4. Product Portfolio; 16.1.1.5. Product of Interest; 16.1.1.6. Key Personnel; 16.1.1.7. Financial Indicators; 16.1.1.8. Segmental Revenue; 16.1.1.9. Regional Revenue; 16.1.1.10. SWOT Analysis; 16.1.1.11. Top Products, By Country; 16.1.2. Gree Electric Appliances Inc.; 16.1.2.1. Business Overview; 16.1.2.2. Merger & Acquisitions; 16.1.2.3. Product Launches; 16.1.2.4. Product Innovation; 16.1.2.5. Product Portfolio; 16.1.2.6. Product of Interest; 16.1.2.7. Key Personnel; 16.1.2.8. Financial Indicators; 16.1.2.9. Segmental Revenue; 16.1.2.10. Regional Revenue; 16.1.2.11. SWOT Analysis; 16.1.2.12. Top Products, By Country; 16.1.3. Carrier Global Corporation; 16.1.3.1. Business Overview; 16.1.3.2. Merger & Acquisitions; 16.1.3.3. Product Launches; 16.1.3.4. Product Portfolio; 16.1.3.5. Product of Interest; 16.1.3.6. Key Personnel; 16.1.3.7. Financial Indicators; 16.1.3.8. Segmental Revenue; 16.1.3.9. Regional Revenue; 16.1.3.10. SWOT Analysis; 16.1.3.11. Top Products, By Country; 16.1.4. Midea Group Co., Ltd.; 16.1.4.1. Business Overview; 16.1.4.2. Merger & Acquisitions; 16.1.4.3. Product Launches; 16.1.4.4. Product Portfolio; 16.1.4.5. Product of Interest; 16.1.4.6. Key Personnel; 16.1.4.7. Financial Indicators; 16.1.4.8. Segmental Revenue; 16.1.4.9. Regional Revenue; 16.1.4.10. SWOT Analysis; 16.1.4.11. Top Products, By Country; 16.1.5. Samsung Electronics Co. Ltd.; 16.1.5.1. Business Overview; 16.1.5.2. Merger & Acquisitions; 16.1.5.3. Product Launches; 16.1.5.4. Product Innovation; 16.1.5.5. Product Portfolio; 16.1.5.6. Product of Interest; 16.1.5.7. Key Personnel; 16.1.5.8. Financial Indicators; 16.1.5.9. Segmental Revenue; 16.1.5.10. Regional Revenue; 16.1.5.11. SWOT Analysis; 16.1.5.12. Top Products, By Country; 16.1.6. Panasonic Corporation; 16.1.6.1. Business Overview; 16.1.6.2. Merger & Acquisitions; 16.1.6.3. Product Innovation; 16.1.6.4. Product Portfolio; 16.1.6.5. Product of Interest; 16.1.6.6. Key Personnel; 16.1.6.7. Financial Indicators; 16.1.6.8. Segmental Revenue; 16.1.6.9. Regional Revenue; 16.1.6.10. SWOT Analysis; 16.1.6.11. Top Products, By Country; 16.1.7. Mitsubishi Electric Corporation; 16.1.7.1. Business Overview; 16.1.7.2. Merger & Acquisitions; 16.1.7.3. Product Launches; 16.1.7.4. Product Portfolio; 16.1.7.5. Product of Interest; 16.1.7.6. Key Personnel; 16.1.7.7. Financial Indicators; 16.1.7.8. Segmental Revenue; 16.1.7.9. Regional Revenue; 16.1.7.10. SWOT Analysis; 16.1.7.11. Top Products, By Country; 16.1.8. Johnson Controls-Hitachi Air Conditioning Limited; 16.1.8.1. Business Overview; 16.1.8.2. Product Launches; 16.1.8.3. Product Portfolio; 16.1.8.4. Product of Interest; 16.1.8.5. Key Personnel; 16.1.8.6. SWOT Analysis; 16.1.8.7. Top Products, By Country; 16.1.9. Toshiba Corporation; 16.1.9.1. Business Overview; 16.1.9.2. Merger & Acquisitions; 16.1.9.3. Product Innovations; 16.1.9.4. Product Portfolio; 16.1.9.5. Product of Interest; 16.1.9.6. Key Personnel; 16.1.9.7. Financial Indicators; 16.1.9.8. Segmental Revenue; 16.1.9.9. Regional Revenue; 16.1.9.10. SWOT Analysis; 16.1.9.11. Top Products, By Country; 16.1.10. Trane Technologies plc; 16.1.10.1. Business Overview; 16.1.10.2. Merger & Acquisitions; 16.1.10.3. Product Launches; 16.1.10.4. Product Portfolio; 16.1.10.5. Product of Interest; 16.1.10.6. Key Personnel; 16.1.10.7. Financial Indicators; 16.1.10.8. Regional Revenue; 16.1.10.9. SWOT Analysis; 16.1.10.10. Top Products, By Country
17. Strategic Recommendations
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