openPR Logo
Press release

Global Air-Conditioning Equipment Market to Reach $281.98 Billion by 2029, Growing at 5.5% CAGR

03-05-2025 03:10 PM CET | Industry, Real Estate & Construction

Press release from: The Business Research Company

Air-Conditioning Equipment Market Size

Air-Conditioning Equipment Market Size

"Which drivers are expected to have the greatest impact on the over the air-conditioning equipment market's growth?
The projected rise in urbanization and industrialization is assumed to amplify the need for air-conditioning equipment during the forecast timeframe. The swell in urban populace coupled with an increase in industrial tasks are anticipated to result in a soaring demand for HVAC devices, which includes air-conditioning equipment. As per a report by Our World In Data, an estimation of approximately 7 billion individuals are expected to inhabit urban areas across the globe by the culmination of 2050. In addition, as per the World Cities Report 2022 by United Nations-Habitat, the urban population is speculated to rise to 675 million in 2035, succeeding only China's 1 billion urban population, making it the second largest globally. Hence, accelerated urbanization is propelling the expansion of the air-conditioning equipment market.

Get Your Air-Conditioning Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/airconditioning-equipment-global-market-report

What is the future CAGR of the air-conditioning equipment market, and how will it impact industry expansion?
The market size for air-conditioning equipment has experienced significant growth over the last few years. It is projected to increase from a value of $213.02 billion in 2024 to a value of $227.6 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.8%. Contributing factors to the growth observed in the historical period include the expansion of the construction industry, growing urbanization, increased demand for air conditioners, and a rise in disposable income.

The market size for air-conditioning equipment is predicted to experience robust growth in the upcoming years, escalating to $281.98 billion by 2029 with a compound annual growth rate (CAGR) of 5.5%. This projected growth for the set period can be associated with the escalating global temperatures, the growing necessity for energy-efficient solutions, and the introduction of government rules and initiatives. The anticipated period also foresees major trends such as the emphasis on wind-free technology, intelligent and interconnected technologies, eco-friendly refrigerants, along with mergers and acquisitions.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3656&type=smp

What are the most significant trends transforming the air-conditioning equipment market today?
The trend towards sustainable systems is dominating the air-conditioning equipment market. Systems powered by renewable energy, such as solar air-conditioning equipment, are gaining traction as individuals seek to lower their environmental impact. Leaders in the market are heavily investing in innovating these systems. Take for example, iAIRE, LLC, a US-based manufacturer of HVAC equipment. In October 2022, they introduced their solar HVAC for residential and commercial use in all sectors across the USA. This was to ensure Americans could avail themselves of high-quality, energy-efficient solutions. This system is not only more cost-effective in terms of equipment and installation but also operates up to 50% more efficiently than other systems.

Which key market segments comprise the air-conditioning equipment market and drive its revenue growth?
The air-conditioning equipment market covered in this report is segmented -

1) By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Other Product Types
2) By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
3) By Application: Residential, Commercial, Industrial

Subsegments:
1) By Unitary Air Conditioners: Central Air Conditioning Systems, Ductless Mini-Split Systems, Rooftop Units
2) By Room Air Conditioners: Window Air Conditioners, Portable Air Conditioners, Through-The-Wall Air Conditioners
3) By Packaged Terminal Air Conditioners (PTAC): Self-Contained PTAC Units, Hotel Room Air Conditioners
4) By Other Product Types: Chillers, Variable Refrigerant Flow (VRF) Systems, Evaporative Coolers, Heat Pumps

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3656

What regions are at the forefront of air-conditioning equipment market expansion?
Asia-Pacific was the largest region in the air-conditioning equipment market in 2024. North America was the second largest region in the global air-conditioning equipment market share. The regions covered in the air-conditioning equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the air-conditioning equipment market?
Major companies operating in the air-conditioning equipment market include Daikin Industries Ltd, Midea Group Co. Ltd, Haier Group, Carrier Global Corporation, Hitachi Ltd, Samsung Electronics, Mitsubishi Electric Corporation, LG Electronics, Fujitsu General Ltd., Electrolux AB, LEEL Electricals Ltd (Lloyd), Johnson Controls-Hitachi Air Condition India Ltd, Amber Enterprises India Ltd, Blue Star Ltd, Voltas Ltd, AUX Group, Gree Electric Appliances, Inc, Abionik Group, Accruent, Actron Engineering Pty Ltd, WAECO, Stefani Spa, OAG Industries, ERRECINQUE S.R.L, VULKAN Group, KLIMA-THERM Group, Frapol, Autoclima, CPS, Aquatherm, MDV, KOMFOVENT, CaptiveAire Systems, Greenheck Fan Corporation, Twin City Fan Companies Ltd, Honeywell International Inc, Nortek Air Solutions, Carrier Airconditioning & Refrigeration Limited, MW Solutions, Nomad Go, Maxell Trading LLC, Daikool Industries Limited, Geo Electrical Contracting Trading Company LLC, SilkAir International LLC, Temperature Control Company LLC, Tecnalco Aluminum Technical Engineering Company, Aaf-Mcquay (L.L.C), Arshi Air Conditioning & Refrigeration Co, Air Group, Ebair Condition, Miraco, Airmaster Emirates, Van Tech, Airco, HVAC Distributors, ITD Group

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=3656&type=smp

What Is Covered In The Air-Conditioning Equipment Global Market Report?

•Market Size Forecast: Examine the air-conditioning equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the air-conditioning equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the air-conditioning equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the air-conditioning equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the air-conditioning equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the air-conditioning equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the air-conditioning equipment market.
•Competitive Landscape: Review strategic developments in the air-conditioning equipment market, including expansions, agreements, and new product launches.

"

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Air-Conditioning Equipment Market to Reach $281.98 Billion by 2029, Growing at 5.5% CAGR here

News-ID: 3899581 • Views:

More Releases from The Business Research Company

Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: Powering Innovation and Expansion in the Diamond Market by 2025
Emerging Markets And Increasing Disposable Income Fueling Diamond Market Growth: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Diamond Market Through 2025? In the past few years, there has been a stable expansion in the diamond market size. The prediction is it will increase from $1.33 billion in 2024 to $1.39 billion in 2025, boasting a compound annual growth rate
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
2025-2034 Nonmetallic Minerals Mining Support Activities Market Outlook: Key Dri …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Nonmetallic Minerals Mining Support Activities Industry Market Size Be by 2025? In the past few years, there has been a robust expansion in the size of the nonmetallic minerals mining support activities market. It is projected to escalate from $34.04 billion in 2024 to $36.55 billion
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.18 Billion Milestone
Professional Street Sweeper Industry Outlook 2025-2029: Market Set to Cross $3.1 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Professional Street Sweeper Market Size By 2025? The market size of professional street sweepers has seen significant expansion in the past few years. The market, predicted to rise from $2.37 billion in 2024 to $2.5 billion in 2025, boasts a compound annual growth rate (CAGR)
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtration Technologies Empower Compliance With Environmental Standards Industry Transformation
Key Trends Reshaping the Industrial Wet Dust Collector Market: Advanced Filtrati …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Industrial Wet Dust Collector Market Size Growth Forecast: What to Expect by 2025? In recent times, there has been a robust growth in the size of the industrial wet dust collector market. It is expected to swell from $1.89 billion in 2024 to $2 billion by 2025, showing a

All 5 Releases


More Releases for Air

Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry
Air Medical Services Market 2019 Development Status - EMS 24-7, Air Methods, PHI …
Global Air Medical Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024 offers a stronger and effective business outlook. The report deals with a complete overview of Air Medical Services market which comprises definitions, a wide range of statements and an entire chain structure. The report delivers an in-depth analysis of different attributes of industries such as trends, developments, policies, and clients operating in different regions. The
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft. Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North