R290 Air Conditioner Research: the market is expected to maintain strong expansion at a compound annual growth rate of 7-8%

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "R290 Air Conditioner- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for R290 Air Conditioner was estimated to be worth US$ 1177 million in 2024 and is forecast to a readjusted size of US$ 1938 million by 2031 with a CAGR of 7.1% during the forecast period 2025-2031.

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R290 air conditioners are environmentally friendly air conditioning systems that use pure propane (R-290) as a refrigerant. Due to its extremely low global warming potential (GWP) and excellent thermal properties, they can achieve energy efficiency approximately 5-10% higher than traditional HFC refrigerants in a standard vapor compression cycle. However, due to the flammability of propane, strict charge control and safety features such as leak detection and flame arresters are required. The rapid growth of R290 air conditioners is primarily driven by the EU F-Gas, the US AIM Act, and China's energy-saving policies. Chinese companies such as Midea and Gree have already achieved large-scale production, while European, American, and Japanese brands continue to expand into high-end wall-mounted units and VRF units. With the gradual harmonization of international safety standards and the optimization of key technologies, the R290 air conditioner market is expected to maintain strong expansion at a compound annual growth rate of 7-8%.

According to the latest report, "Global R290 Air Conditioner Market Report 2024-2030," by the QYResearch team, the global R290 air conditioner market is expected to reach US$2.74 billion in 2030, with a compound annual growth rate of 10.8% over the next few years.

Figure00001. Global R290 Air Conditioner Market Size (US$ Million), 2019-2030

R290 Air Conditioner

Above data is based on report from QYResearch: Global R290 Air Conditioner Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Figure00002. Global R290 Air Conditioner Top 10 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

R290 Air Conditioner

Above data is based on report from QYResearch: Global R290 Air Conditioner Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to a survey by QYResearch's Leading Enterprise Research Center, global R290 air conditioner manufacturers mainly include Midea, Gree, Haier, Panasonic, and CIAT. In 2023, the top five global manufacturers will hold approximately 61.0% of the market share.

Figure00003. R290 Air Conditioner, Global Market Size, Split by Product Segment

R290 Air Conditioner

Based on or includes research from QYResearch: Global R290 Air Conditioner Market Report 2024-2030.

In terms of product types, split air conditioners are currently the most important product segment, accounting for approximately 74.2% of the market share.

In terms of product application, household use is currently the largest downstream market, accounting for 65.30% of the share.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The R290 Air Conditioner market is segmented as below:
By Company
Midea
GREE
Godrej & Boyce
Carrier Corporation
Haier
YAIR
Changhong
TCL
AUX
Hisense
Mitsubishi Electric
Daikin

Segment by Type
Split-Type Air Conditioner
Integrated Air Conditioner

Segment by Application
Commercial
Household

Each chapter of the report provides detailed information for readers to further understand the R290 Air Conditioner market:

Chapter 1: Introduces the report scope of the R290 Air Conditioner report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of R290 Air Conditioner manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various R290 Air Conditioner market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of R290 Air Conditioner in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of R290 Air Conditioner in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth R290 Air Conditioner competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides R290 Air Conditioner comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides R290 Air Conditioner market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global R290 Air Conditioner Market Outlook, In‐Depth Analysis & Forecast to 2031
Global R290 Air Conditioner Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global R290 Air Conditioner Market Research Report 2025
Global R290 Air Conditioner Market Insights, Forecast to 2031
Global Split R290 Air Conditioner Market Research Report 2025
Global Split R290 Air Conditioner Market Outlook, In‐Depth Analysis & Forecast to 2031
Split R290 Air Conditioner - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Split R290 Air Conditioner Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Household R290 Air Conditioner - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Household R290 Air Conditioner Market Research Report 2025
Global Household R290 Air Conditioner Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Household R290 Air Conditioner Market Insights, Forecast to 2031
Commercial R290 Air Conditioner - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Commercial R290 Air Conditioner Market Research Report 2025
Global Commercial R290 Air Conditioner Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Commercial R290 Air Conditioner Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031

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