Rapid Urbanization And Industrial Growth Propel Demand For Air-Conditioning Equipment: A Key Catalyst Accelerating Air-Conditioning Equipment Market Growth in 2025

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Air-Conditioning Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of air-conditioning equipment has seen consistent growth. Predictions indicate that it will increase from $213.14 billion in 2024 to $223.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.8%. The growth during the historic period is linked to factors such as the boom in the construction sector, increased urbanization, growing demand for air conditioners, and a rise in disposable income.

Air-Conditioning Equipment Market Size Forecast: What's the Projected Valuation by 2029?
The market for air-conditioning equipment is predicted to experience robust expansion in the forthcoming years, reaching a valuation of $272.35 billion in 2029 with a CAGR of 5.1%. The anticipated growth during the forecast period is due to several factors including escalating global temperatures, a surge in the demand for energy-efficient solutions, as well as government rules and initiatives. Leading trends predicting for the forecast period encompass an emphasis on wind-free technology, intelligent and interconnected technologies, sustainable refrigerants, and mergers and acquisitions.

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What Are the Drivers Transforming the Air-Conditioning Equipment Market?
The anticipated rise in urban and industrial developments is expected to fuel the need for air conditioning equipment during the projected timeline. An increase in urban dwellers and industrial activities are believed to result in considerable demand for HVAC equipment, including air-conditioning systems. As per the report published by Our World In Data, the global urban population is predicted to reach approximately 7 billion by the conclusion of 2050. Furthermore, the World Cities Report 2022 by United Nations-Habitat forecasts that urbanization will increase to 675 million by 2035, standing as the second highest after China's urban population of 1 billion. Thus, the swift progression of urbanization is propelling the expansion of the air-conditioning equipment market.

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What Trends Will Shape the Air-Conditioning Equipment Market Through 2029 and Beyond?
The trend towards sustainable systems is having a significant impact on the air-conditioning equipment market. Increasingly, consumers are opting for solar-powered air-conditioning equipment as part of their efforts to minimize their carbon emissions. Consequently, leading companies in this market have turned their focus towards the development of these technologies. To illustrate, iAIRE, LLC, an American HVAC equipment manufacturer, unveiled its patented solar HVAC system for both households and businesses in various sectors throughout the US in October 2022. This move aims to give Americans access to high-quality, energy-efficient solutions. The solar HVAC system not only offers savings on equipment and installation but also on operational costs, while performing up to 50% more efficiently than its competitors.

Which Segments in the Air-Conditioning Equipment Market Offer the Most Profit Potential?
The air-conditioning equipmentmarket 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

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Which Firms Dominate the Air-Conditioning Equipment Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Air-Conditioning Equipment Market?
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

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