Press release
Air Conditioning Market to Reach USD 285.31 Bn by 2029, emerging at a CAGR of 9.8 percent and forecast 2023-2029
Air Conditioning Market
The research methodology employed in this report ensures a thorough understanding of market dynamics. A detailed analysis, including PORTER and PESTEL assessments, has been conducted. The potential impact of micro-economic factors on the market has been thoroughly examined.
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What are Air Conditioning Market Dynamics:
In the last few decades, Air conditioning systems has transformed itself into a necessity commodity rather than a luxurious one, all credit goes to the deteriorating thermal conditions and certainly increase in disposable income. As per the organization for economic co-operation and development, progress in real household income per capita picked-up to 0.8% in the OECD area in the first quarter of 2019. As well, emergence of technologically advanced air conditioners, such as air conditioners with inverter and air purification technologies, is further expected to positively influence the global air conditioners market through forecast period.
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Air Conditioning Market Regional Insights:
Asia Pacific: Dominates the market with a 31% share in 2022, driven by increased usage in countries like China and India.
North America: Holds the second-largest market share in 2022, attributed to rapid adoption of air conditioning equipment.
Europe: Expected to register high growth due to variable weather conditions and infrastructure development.
What is Air Conditioning Market Segmentation:
by Technology
Manual/Semi-automatic Air conditioning
Automatic air conditioning
by Component
Compressor
Evaporator
Fan
Condenser Coil
by Product
Room/Unitary Air Conditioners
Chillers
VRF Systems
Coolers
Others
by End-User
Automotive
Commercial
Industrial
Residential
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Who are Air Conditioning Market Key Players:
1. Daikin Industries Ltd.
2. Gree Electrical Appliances, Inc. of Zhuhai
3. United Technologies Corporation
4. Midea Group Co. Ltd.
5. Hitachi-Johnson Controls Air Conditioning, Inc.
6. Ingersoll-Rand plc.
7. LG Electronics Inc.
8. Qingdao Haier Co. Ltd.
9. Panasonic Corporation
10. Toshiba Corporation
11. Eberspaecher
12. Hanon Systems
13. Keihin Corporation
14. Sanden Holdings Corporation
15. Mitsubishi Heavy Industries Ltd.
16. Subros Limited
Table of content for the Air Conditioning Market includes:
Air Conditioning Market: Research Methodology
Air Conditioning Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Air Conditioning Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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