Rapid Urbanization And Industrial Growth Propel Demand For Air-Conditioning Equipment: A Key Driver Powering Air-Conditioning Equipment Market Growth In 2025

The Air-Conditioning Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Air-Conditioning Equipment Market Size and Its Estimated Growth Rate?
In recent times, we have seen significant growth in the size of the air-conditioning equipment market. The market is projected to rise from $213.02 billion in 2024 and reach $227.6 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.8%. The historic development primarily results from notable growth in construction, heightened urbanization, an upsurge in the demand for air conditioners, and an increase in disposable income.

The market for air-conditioning equipment has a promising outlook with a robust growth expected in the coming years. It's set to increase to $281.98 billion by 2029 with a compound annual growth rate (CAGR) of 5.5%. The surge during the projection period can be associated with the escalating global heat levels, the rising need for energy-efficient strategies, as well as the implementation of government rules and initiatives. The forecast period will predominantly highlight the emphasis on wind-free techniques, intelligent, interconnected technologies, environmentally-friendly refrigerants, and partnerships and business consolidations.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3656

How Are Emerging Segments Shaping the Air-Conditioning Equipment Market Landscape?
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

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3656&type=smp

Which Growth Factors Are Influencing Air-Conditioning Equipment Market Expansion?
The anticipated rise in urbanization and industrialization is forecasted to increase the need for air-conditioning equipment in the coming years. The spike in urban populations coupled with the expansion of industrial operations is predicted to create a significant demand for HVAC equipment, including air-conditioners. Our World In Data reports that the global urban population could touch 7 billion by the end of 2050. Furthermore, the 2022 World Cities Report from United Nations-Habitat forecasts that urbanization could rise to 675 million by 2035, trailing behind China's urban population of 1 billion, the largest worldwide. Consequently, quick-paced urbanization is a key factor propelling the growth of the air-conditioning equipment market.

Who Are the Dominant Players Across Different Air-Conditioning Equipment Market Segments?
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

What Are the Latest Developing Trends in the Air-Conditioning Equipment Market?
The emergence of eco-friendly solutions is a prevailing trend in the air-conditioning equipment market. Alternative, sustainable systems like solar-powered air-conditioning equipment are gaining traction as consumers strive to lessen their environmental impact. Market-leading companies are targeting the development of such systems. For example, iAIRE, LLC, an American HVAC equipment manufacturer, introduced its patented solar HVAC for residential and commercial sectors throughout the USA in October 2022. This aims to offer Americans high-quality and energy-efficient options. The system boasts cost-effectiveness in equipment, installation, and operations, and is reportedly up to 50% more efficient than other systems.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/airconditioning-equipment-global-market-report

Which Geographic Regions Are Expected to Dominate the Air-Conditioning Equipment Market in the Coming Years?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Air-Conditioning Equipment Market?
2. What is the CAGR expected in the Air-Conditioning Equipment Market?
3. What Are the Key Innovations Transforming the Air-Conditioning Equipment Industry?
4. Which Region Is Leading the Air-Conditioning Equipment Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.