Infographics - Air Conditioning Systems Market

Global air conditioning systems market is estimated to be valued at USD 119.77 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.

Air conditioning systems has become an essential part of both residential and commercial buildings due to rising temperatures worldwide. Air conditioners help to maintain the ideal temperature and humidity levels inside homes and offices, thus, improving comfort levels. Various technological advancements such as development of energy-efficient and smart air conditioning systems that can be controlled remotely using smartphones and other devices have boosted demand. Moreover, rising construction activities along with growing disposable incomes in developing economies can drive the air conditioning systems market growth in the near future.

Market Dynamics:

Global air conditioning systems market growth is primarily driven by rising urbanization, increasing consumer spending on smart home appliances, and escalating construction of commercial buildings globally. Various macroeconomic factors such as rapid industrialization, growing population, and improving economic conditions in Asia Pacific and Middle Eastern countries. Furthermore, technological advancements in AC components resulting in energy conservation without compromising on comfort Majorcan offer market growth opportunity. However, high initial investment and conversion costs associated with air conditioners along with strict environmental regulations concerning refrigerant gases used in traditional ACs can hamper the market growth. Fluctuating raw material prices owing to uncertainties due to ongoing pandemic and geopolitical conflicts can pose challenge for manufacturers.

Key features of the study:

This report provides in-depth analysis of the global air conditioning systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global air conditioning systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include ALFA LAVAL, BSH Hausgeräte GmbH, Carrier Global Corporation, Daikin Industries, Ltd., Electrolux AB, Fujitsu General Ltd., Godrej Appliances, Haier Group, Hitachi Ltd., Jungheinrich AG, Lennox International, Inc., LG Electronics, Mitsubishi Electric Trane HVAC US LLC, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd, Toshiba Corporation, Voltas, Inc., Whirlpool Corporation, Wotsco, Inc., Zanotti S.p.A.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global air conditioning systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air conditioning systems market.

Detailed Segmentation:

By Type
- Unitary
- Rooftop
- PTAC
By Technology
- Inverter
- Non-Inverter
By End User
- Residential
- Commercial
- Industrial
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- ALFA LAVAL
- BSH Hausgeräte GmbH
- Carrier Global Corporation
- Daikin Industries, Ltd.
- Electrolux AB
- Fujitsu General Ltd.
- Godrej Appliances
- Haier Group
- Hitachi Ltd.
- Jungheinrich AG
- Lennox International, Inc.
- LG Electronics
- Mitsubishi Electric Trane HVAC US LLC
- Panasonic Holdings Corporation
- Samsung Electronics Co., Ltd
- Toshiba Corporation
- Voltas, Inc.
- Whirlpool Corporation
- Wotsco, Inc.
- Zanotti S.p.A.

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Type
  - Market Snippet, By Technology
  - Market Snippet, By End User
  - Market Snippet, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
Global Air Conditioning Systems Market, By Type, 2019-2031, (US$ Bn)
- Introduction
  - Market Share Analysis, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Unitary
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Rooftop
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- PTAC
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
Global Air Conditioning Systems Market, By Technology, 2019-2031, (US$ Bn)
- Introduction
  - Market Share Analysis, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Inverter
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Non-Inverter
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
Global Air Conditioning Systems Market, By End User, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, 2024, 2027 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019 - 2031
  - Segment Trends
- Residential
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Commercial
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
- Industrial
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Bn)
Global Air Conditioning Systems Market, By Region, 2019-2031 (US$ Bn)
- Introduction
  - Market Share Analysis, By Region, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
- North America
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    - U.S.
    - Canada
- Europe
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    - U.K.
    - Germany
    - France
    - Russia
    - Rest of Europe
- Asia Pacific
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By End User, 2019–2031, (US$ Bn)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Bn)
    - South Africa
    - GCC Countries
    - Rest of the Middle East & Africa
Competitive Landscape
- Company Profiles
  - ALFA LAVAL
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - BSH Hausgeräte GmbH
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Carrier Global Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Daikin Industries, Ltd.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Electrolux AB
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Fujitsu General Ltd.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Godrej Appliances
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Haier Group
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Hitachi Ltd.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Jungheinrich AG
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Lennox International, Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - LG Electronics
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Mitsubishi Electric Trane HVAC US LLC
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Panasonic Holdings Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Samsung Electronics Co., Ltd
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Toshiba Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Voltas, Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Whirlpool Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Wotsco, Inc.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Zanotti S.p.A.
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
Section
- References
- Research Methodology
- About us and Sales Contact

*Browse 60 market data tables and 40 figures on " Air Conditioning Systems Market - Global forecast to 2031”

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AIR CONDITIONING SYSTEMS MARKET ANALYSIS

Air Conditioning Systems Market

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