World Largest AC (Air Conditioning) Manufacturing Companies | By IMARC Group

Air Conditioning System (AC) Industry Outlook:

An air conditioning system enables the removal of heat and moisture present in a confined space to alter the overall temperature. The warmth is returned from the given area with chilled dry air while the hot air and dampness are expelled into the atmosphere. This instrument restraints the entry of smoke or dust particles and aids in improving the comfort of the dwellers by forming a regulated interior environment. Consisting of compressors, condenser coils, fans, evaporator coils, and chemical refrigerants, the suitable thermal condition and superior indoor atmosphere quality provided by air conditioning systems aid in improving human efficiency and maintaining proper health functions. As a result, these machines find widespread applications across the domestic, commercial, and industrial environments.

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Air Conditioning System (AC) Industry Growth Analysis:

The emerging trend of urbanization, the inflating disposable incomes, the shifting lifestyle patterns, and the altering climatic situations are among the primary factors driving the air conditioning system market. Besides this, the expanding tourism sector and the increasing influx of foreign tourists have led various countries to build hotels, auditoriums, multiplexes, and shopping complexes to improve their existing infrastructure, which are further augmenting the market growth.

Moreover, the top air conditioner manufacturing companies, such as Carrier Global Corporation, Daikin Industries, Ltd., Lennox International Inc., Midea Group, Mitsubishi Electric Corporation, etc., are focusing on the introduction of R-22 free systems to minimize heat emissions, which is also catalyzing the global market. Apart from this, the extensive utilization of these machines across several organizations to improve working conditions and enhance the overall productivity of the employees is anticipated to propel the air conditioning system market over the forecasted period.

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Top Players in the Global Air Conditioning System (AC) Market:

1. Carrier Global Corporation
Establishment: 1915
Headquarters: Florida, United States

2. Daikin Industries, Ltd.
Establishment: 1924
Headquarters: Osaka, Japan

3. Electrolux North America, Inc.
Establishment: 1919
Headquarters: North Caroline, United States

4. Haier Group Corporation
Establishment: 1984
Headquarters: Qingdao, China

5. Johnson Controls-Hitachi Air Conditioning India Ltd.
Establishment: 2015
Headquarters: India

6. Lennox International Inc.
Establishment: 1895
Headquarters: Texas, United States

7. LG Electronics Inc.
Establishment: 1958
Headquarters: Busan, South Korea

8. Midea Group
Establishment: 1968
Headquarters: Foshan, China

9. Mitsubishi Electric Corporation
Establishment: 1921
Headquarters: Tokyo, Japan

10. Panasonic Corporation
Establishment: 1918
Headquarters: Osaka, Japan

11. Samsung Electronics Co. Ltd.
Establishment: 1969
Headquarters: South Korea

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