Air Conditioner Market - Global Outlook and Forecast 2019-2024
GLOBAL AIR CONDITIONER MARKET SIZE TO REACH USD 145 BILLION BY 2024, GROWING AT A CAGR OF 5% DURING THE FORECAST PERIOD
GLOBAL AIR CONDITIONER MARKET SIZE TO REACH USD 145 BILLION BY 2024, GROWING AT A CAGR OF 5% DURING THE FORECAST PERIOD
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AIR CONDITIONER MARKET REPORT SCOPE
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE (REVENUE) | USD 145 BILLION (2024) |
| MARKET SIZE (UNIT SHIPMENT) | 135.86 MILLION UNITS (2024) |
| CAGR | 5% (2019 - 2024) |
| BASE YEAR | 2018 |
| FORECAST YEAR | 2019–2024 |
| MARKET SEGMENTS | Types (RAC (Single Split, Window, and Multi-Split ACs) and CAC (PAC and VRF)), Application (Residential Sector and Commercial Sector (Office Space, Airports and Public Utilities, Hospitality, Hospitals and Industrial and Others)) |
| GEOGRAPHIC ANALYSIS | Europe, APAC, North America, Latin America, and Middle East & Africa |
| COUNTRIES COVERED | Germany, France, Italy, UK, Spain, Russia, Switzerland, China, Japan, India, Australia, US, Canada, Mexico, Brazil, Argentina, Colombia, Saudi Arabia, Turkey, South Africa, UAE, and Egypt |
INDUSTRY INSIGHTS
The global air conditioner market size to reach USD 145 billion by 2024, growing at a CAGR of 5% during the forecast period. The global air conditioner (AC) market is expected to be driven by three major countries – China, the US, and Japan during the forecast period. These countries account for more than 70% of the value and over 60% of the volume of air conditioner equipment. The market growth is expected to be steady, with supply-side parameters not affecting the air conditioner industry cost structure on a wider scale. The challenges are majorly from the demand side with a varying degree of fluctuation across the regions. On the demand side, the volumes are growing, while the prices have not been allowed to fluctuate drastically due to high competition. Geographically, APAC is the leader in the demand for AC. The consumer acceptance of new and efficient products is low in APAC while the same is high in North America and Western Europe.
The increased construction output in APAC is boosting the market significantly. The APAC region is the major end-user and also a major manufacturing hub. China, India, and Thailand are the leading manufacturing hub in the APAC region. At the global level, China leads the variable refrigerant flow (VRF) segment, with more than 55% share in sales, followed by Japan, Europe, and South Korea. The demand for multi-split models is growing rapidly across APAC, driven by steady economic progress and commercial office construction growth.
Stringent regulatory compliances are expected to increase as the greenhouse gas emission, and electricity consumption is growing at a rapid pace. In many of the regions, 70% of the electricity consumption at residential spaces is on account of using air conditioner devices. More than 40 countries have implemented standards and labeling policies for the models. Therefore, on-going improvements in technology are mainly driven by regulatory compliance and amenability.
AIR CONDITIONER MARKET SEGMENTATION
This research report includes a detailed segmentation by
- Type
- Applications
- Geography
INSIGHTS BY TYPE
The demand for single and multi-split models is growing rapidly. The growing electricity consumption has driven the high adoption of grade 1 RAC, with better energy efficiency and low cost. Although window units are inexpensive, the popularity is declined as they restrict the natural flow of air and light and produce a high level of vibration and noise.
Single split air conditioner devices are majorly replacing window AC models in the residential sector, as they are highly efficient. The efficiency is estimated to be up to 30% more than the other types of devices. Non-inverter types single split devices are majorly in demand in low-income countries as the inverter type has a high installation cost.
Multi-split AC is used to cool multiple rooms. The multi-split segment is one of the fastest-growing as these allow for multiple types of indoor units. The decline in window AC has resulted in the growth of both single and multi-split models. Multi-split devices are mainly used in the commercial sector, especially in small offices.
Commercial air conditioner devices are mainly used to provide air conditioning to a large space making use of highly efficient cooling systems. VRF systems are mainly the HFC-compliant, while packaged models are still dependent on HCFC refrigerant in APAC and the Middle East. Japan, Oceania, and the US to a larger extent have shifted entirely to HFC refrigerants. China and other APAC countries have emerged as major end-users of multi-split devices. VRFs are replacing chillers in many regions and have a higher potential in the future. Packaged air conditioner devices and VRF systems provide significant opportunities for energy savings through reduced greenhouse gas emissions. The usage is high in Europe and North America, growing steadily in other regions. Smaller commercial buildings such as hotels and offices are the major end-users.
INSIGHTS BY APPLICATION
As the requirement for air conditioning is growing, the residential sector is exhibiting stronger demand than the commercial sector. The growth in the residential construction market and the replacement market are the major drivers for the demand in the residential sector. Soaring temperatures across regions, due to global warming, have increased the demand even from those regions which were earlier characterized by ideal climatic conditions. Changing climatic conditions, affordability, and lifecycle cost savings play a major role in increasing market demand.
The demand for air conditioners and air purifier from the commercial sector is growing significantly. The sector makes use of highly efficient models as they can afford a high initial investment. The advent of flexible/co-working spaces has provided more opportunity for the manufacturers, as they account for up to 6% of the total office space in 20 of the principal global markets (cities of US, Western Europe, Middle East, China, Australia, Japan, South Korea, and India). Furthermore, the growth of low-cost airlines across all regions has not only pushed up the air traffic but also has led to the development of new airports. Most airlines in APAC exhibited double-digit growth. The reason attributed – modernization of airport, the launch of many greenfield airports, an increase in the number of low-cost carriers, and overall regional economic growth. Hence, the growth in commercial spaces and low-cost air travel are expected to influence sales in the commercial sector.
INSIGHTS BY GEOGRAPHY
The growth in APAC is largely driven by metropolitan and tier 2 cities with high disposable income. China, India, and Southeast Asian countries are some of the regions, which have a high potential for the market. The largely untapped tier 2 and tier 3 cities' growth rate for AC consumption is slow and offsets the rapid growth witnessed in major urban hubs.
The North American AC market has been boosted by high capital investments and the rise in the consumer income, aided by tax cuts. The trend is positive and bullish in the market. The competition is high and the pricing structure plays an important differentiating factor. The demand is mainly for high-energy efficient devices. Stringent administrative guidelines on reducing the energy consumption will have a major impact on the industry with respect to cost and selling price. The US air conditioner market share is driven by the rise in residential construction and the growing demand for replacements.
The European market has been growing steadily with respect to value; however, the volume has been stagnant. The long-term outlook for demand in Europe is moderately positive, while the short-term outlook is very bright. Extended summers and heat waves are increasing the demand in the short term. The demand is on the rise in Latin America, as the temperatures soar in summers to very high degrees, and also, the disposable income of the population has grown significantly.
INSIGHTS BY VENDORS
The competitive intensity for the air conditioner market is higher in APAC currently on account of a largely untapped market. Vendors compete on various factors such as brand, geographical presence, product portfolio, features of the products, refrigerants used, power consumption, and efficiency of the products developed.
The global air conditioner market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:
Market Segmentation by Type
- RAC
- Single Split ACs
- Window ACs
- Multi Split ACs
- CAC
- PAC
- VRF
By Application
- Residential Sector
- Commercial Sector
- Office Space
- Airports and Public Utilities
- Hospitality
- Hospitals
- Industrial and Others
By Geography
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Russia
- Switzerland
- APAC
- China
- Japan
- India
- Australia
- Indonesia
- South Korea
- North America
- US
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- Turkey
- South Africa
- UAE
- Egypt
SNAPSHOT
The global air conditioner (AC) market by revenue is expected to grow at a CAGR of over 5% during the period 2018−2024.
The following factors are likely to contribute to the growth of the air conditioner market during the forecast period:
- Increased Demand for VRF Air Conditioners
- Growth in the Construction Market
- Energy Efficiency and CHG Emission Cut Down
- Multiple of Barriers to High Energy Efficient ACs
Base Year: 2018
Forecast Year: 2019–2024
The study considers the present scenario of the global air conditioner (AC) market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply sides of the market. It also profiles and examines leading companies and other prominent companies operating in the air conditioner market.
Key Vendors
- Bluestar
- Carrier
- Daikin
- Johnson Controls
- LG
- Midea
- Mitsubishi Electric
- Panasonic
- Samsung
- Voltas
Other Prominent Vendors
- Bosch
- Chigo
- Cruise
- Dunham-Bush
- Fedders
- Fujitsu
- Galanz
- Godrej
- Gree
- Haier
- Hitachi
- IFB
- Lloyd Electric
- Micromax
- Onida
- Sanyo
- TCL
- Toshiba
- Trane
- Whirlpool
Market Segmentation by Type
- RAC
- Single Split ACs
- Window ACs
- Multi Split ACs
- CAC
- PAC
- VRF
Market Segmentation by Application
- Residential Sector
- Commercial Sector
- Office Space
- Airports and Public Utilities
- Hospitality
- Hospitals
- Industrial and Others
Market Segmentation by Geography
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Russia
- Switzerland
- APAC
- China
- Japan
- India
- Australia
- Indonesia
- South Korea
- North America
- US
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- MEA
- Saudi Arabia
- Turkey
- South Africa
- UAE
- Egypt
Frequently Asked Questions
What is the growth forecast of the global Air Conditioner market size?
What are the major factors for the increased demand for air conditioners in residential applications?
Who are the leading vendors, and what are their market shares?
Which segment is going to witness maximum growth during the forecast period?
What are the considerable factors that will boost market growth?
List of Exhibits
Exhibit 1 Segmentation of Global Air Conditioner Market
Exhibit 2 Market Size Calculation Approach 2018
Exhibit 3 AC Penetration in Households
Exhibit 4 GDP Growth 2010–2023 (annual % change)
Exhibit 5 Global GDP Growth 2017 (annual % change)
Exhibit 6 Increased Demand for VRF Air Conditioners
Exhibit 7 Increasing Affordability of ACs
Exhibit 8 Growth in Construction Sector
Exhibit 9 Unfavorable Raw Material Dynamics
Exhibit 10 Price of Refrigerants – China ($/kg)
Exhibit 11 US-China Trade Issues
Exhibit 12 Inconsistent Environmental Protection Guidelines
Exhibit 13 Energy Efficiency & Reduction in GHG Emissions
Exhibit 14 Degrowth of Window ACs
Exhibit 15 Barriers to Adoption of Energy-efficient ACs
Exhibit 16 Global Air Conditioner Market 2018−2024 ($ billion)
Exhibit 17 Global Air Conditioner Market 2018−2024 (million units)
Exhibit 18 Five Forces Analysis 2018
Exhibit 19 Incremental Growth by Air Conditioner Type 2018−2024 ($ billion)
Exhibit 20 Incremental Growth by Air Conditioner Type 2018−2024 (million units)
Exhibit 21 Growth Momentum (Based on Value)
Exhibit 22 Global RAC Market 2018−2024 ($ billion)
Exhibit 23 Global Market 2018−2024 (million units)
Exhibit 24 Global Window AC Market 2018−2024 ($ billion)
Exhibit 25 Global Market 2018−2024 (million units)
Exhibit 26 Global Single Split Air Conditioner Market 2018−2024 ($ billion)
Exhibit 27 Global Market 2018−2024 (million units)
Exhibit 28 Global Multi-split Air Conditioner Market 2018−2024 ($ billion)
Exhibit 29 Global Market 2018−2024 (million units)
Exhibit 30 Global CAC Market 2018−2024 ($ billion)
Exhibit 31 Global Market 2018−2024 (million units)
Exhibit 32 Global Packaged Air Conditioner Market 2018−2024 ($ billion)
Exhibit 33 Global Market 2018−2024 (million units)
Exhibit 34 Global VRF Air Conditioner Market 2018−2024 ($ billion)
Exhibit 35 Global Market 2018−2024 (million units)
Exhibit 36 Incremental Growth by Application Type 2018−2024 (Value)
Exhibit 37 Global Residential Air Conditioner Market 2018−2024 ($ billion)
Exhibit 38 Global Commercial Air Conditioner Market 2018−2024 ($ billion)
Exhibit 39 Global Office Air Conditioner Market 2018−2024 ($ billion)
Exhibit 40 International Passenger Traffic Growth in March 2018 (YoY)
Exhibit 41 Global Airports & Public Utilities Air Conditioner Market 2018−2024 ($ billion)
Exhibit 42 Global Hospitality Air Conditioner Market 2018−2024 ($ billion)
Exhibit 43 Global Hospitals Air Conditioner Market 2018−2024 ($ billion)
Exhibit 44 Global Industrial & Other Air Conditioner Market 2018−2024 ($ billion)
Exhibit 45 Incremental Growth by Geography 2018−2024
Exhibit 46 Incremental Growth by Geography 2018−2024
Exhibit 47 Market Share and Growth Momentum (Based on Value)
Exhibit 48 Air Conditioner Market in APAC 2018–2024 ($ billion)
Exhibit 49 Market in APAC 2018–2024 (million units)
Exhibit 50 Incremental Growth in APAC 2018−2024 (Value)
Exhibit 51 Incremental Growth in APAC 2018−2024 (Volume)
Exhibit 52 Market in China 2018−2024 ($ billion)
Exhibit 53 Market in China 2018−2024 (million units)
Exhibit 54 Market in Japan 2018–2024 ($ billion)
Exhibit 55 Market in Japan 2018–2024 (million units)
Exhibit 56 Market in South Korea 2018–2024 ($ billion)
Exhibit 57 Market in South Korea 2018–2024 (million units)
Exhibit 58 Market in Australia 2018–2024 ($ billion)
Exhibit 59 Market in Australia 2018–2024 (million units)
Exhibit 60 Market in India 2018–2024 ($ billion)
Exhibit 61 Market in India 2018–2024 (million units)
Exhibit 62 Market in Indonesia 2018–2024 ($ billion)
Exhibit 63 Market in Indonesia 2018–2024 (million units)
Exhibit 64 Air Conditioner Market in North America 2018–2024 ($ billion)
Exhibit 65 Market in North America 2018–2024 (million units)
Exhibit 66 Incremental Growth in North America 2018−2024 (Value)
Exhibit 67 Incremental Growth in North America 2018−2024 (Volume)
Exhibit 68 Market in US 2018–2024 ($ billion)
Exhibit 69 Market in US 2018–2024 (million units)
Exhibit 70 Market in Canada 2018–2024 ($ billion)
Exhibit 71 Market in Canada 2018–2024 ($ billion)
Exhibit 72 Air Conditioner Market in Europe 2018–2024 ($ billion)
Exhibit 73 Market in Europe 2018–2024 (million units)
Exhibit 75 Incremental Growth in Europe 2018−2024 (Value)
Exhibit 76 Incremental Growth in Europe 2018−2024 (Volume)
Exhibit 77 Market in Italy 2018–2024 ($ billion)
Exhibit 78 Market in Italy 2018–2024 (thousand units)
Exhibit 79 Market in Russia 2018–2024 ($ billion)
Exhibit 80 Market in Russia 2018–2024 (thousand units)
Exhibit 81 Market in Spain 2018–2024 ($ billion)
Exhibit 82 Market in Spain 2018–2024 (thousand units)
Exhibit 83 Market in France 2018–2024 ($ billion)
Exhibit 84 Market in France 2018–2024 (thousand units)
Exhibit 85 Market in Germany 2018–2024 ($ billion)
Exhibit 86 Market in Germany 2018–2024 (thousand units)
Exhibit 87 Market in UK 2018–2024 ($ billion)
Exhibit 88 Market in UK 2018–2024 (thousand units)
Exhibit 89 Market in Switzerland 2018–2024 ($ billion)
Exhibit 90 Market in Switzerland 2018–2024 (thousand units)
Exhibit 91 Air Conditioner Market in Latin America 2018–2024 ($ billion)
Exhibit 92 Market in Latin America 2018–2024 (million units)
Exhibit 93 Incremental Growth in Latin America 2018–2024 (Value)
Exhibit 94 Incremental Growth in Latin America 2018–2024 (Volume)
Exhibit 95 Market in Brazil 2018–2024 ($ billion)
Exhibit 96 Market in Brazil 2018–2024 (thousand units)
Exhibit 97 Market in Mexico 2018–2024 ($ billion)
Exhibit 98 Market in Mexico 2018–2024 (thousand units)
Exhibit 99 Market in Argentina 2018–2024 ($ billion)
Exhibit 100 Market in Argentina 2018–2024 (thousand units)
Exhibit 101 Market in Colombia 2018–2024 ($ billion)
Exhibit 102 Market in Colombia 2018–2024 (thousand units)
Exhibit 103 Air Conditioner Market in MEA 2018–2024 ($ billion)
Exhibit 104 Market in MEA 2018–2024 (million units)
Exhibit 105 Incremental Growth in MEA 2018–2024 (Value)
Exhibit 106 Incremental Growth in MEA 2018–2024 (Volume)
Exhibit 107 Market in Saudi Arabia 2018–2024 ($ billion)
Exhibit 108 Market in Saudi Arabia 2018–2024 (thousand units)
Exhibit 109 Market in Egypt 2018–2024 ($ billion)
Exhibit 110 Market in Egypt 2018–2024 (thousand units)
Exhibit 111 Market in Turkey 2018–2024 ($ billion)
Exhibit 112 Market in Turkey 2018–2024 (thousand units)
Exhibit 113 Market in South Africa 2018–2024 ($ billion)
Exhibit 114 Market in South Africa 2018–2024 (thousand units)
Exhibit 115 Market in UAE 2018–2024 ($ billion)
Exhibit 116 Market in UAE 2018–2024 (thousand units)
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2018
Table 3 Hospital Industry Datapoint of Major Countries in APAC
Table 4 Healthcare Facilities in Singapore 2017
Table 5 Air Conditioner Market in APAC by Type 2018−2024 ($ billion)
Table 6 Market in APAC by Type 2018−2024 (million units)
Table 7 Market in APAC by Application 2018−2024 ($ billion)
Table 8 Commercial Air Conditioner Market in APAC 2018−2024 ($ billion)
Table 9 Market in China by Type 2018−2024 ($ billion)
Table 10 Market in China by Type 2018−2024 (million units)
Table 11 Market in China by Application 2018−2024 ($ billion)
Table 12 Market in Japan by Type 2018−2024 ($ billion)
Table 13 Market in Japan by Type 2018−2024 (million units)
Table 14 Market in Japan by Application 2018−2024 ($ billion)
Table 15 Market in South Korea by Type 2018−2024 ($ billion)
Table 16 Market in South Korea by Type 2018−2024 (thousand units)
Table 17 Market in South Korea by Application 2018−2024 ($ billion)
Table 18 Market in Australia by Type 2018−2024 ($ billion)
Table 19 Market in Australia by Type 2018−2024 (thousand units)
Table 20 Market in Australia by Application 2018−2024 ($ billion)
Table 21 Market in India by Type 2018−2024 ($ billion)
Table 22 Market in India by Type 2018−2024 (million units)
Table 23 Market in India by Application 2018−2024 ($ billion)
Table 24 Market in Indonesia by Type 2018−2024 ($ billion)
Table 25 Market in Indonesia by Type 2018−2024 (thousand units)
Table 26 Market in Indonesia by Application 2018−2024 ($ billion)
Table 27 Air Conditioner Market in North America by Type 2018−2024 ($ billion)
Table 28 Market in North America by Type 2018−2024 (million units)
Table 29 Market in North America by Application 2018−2024 ($ billion)
Table 30 Commercial Air Conditioner Market in North America 2018−2024 ($ billion)
Table 31 Market in US by Type 2018−2024 ($ billion)
Table 32 Market in US by Type 2018−2024 (million units)
Table 33 Market in US by Application 2018−2024 ($ billion)
Table 34 Market in Canada by Type 2018−2024 ($ billion)
Table 35 Market in Canada by Type 2018−2024 (million units)
Table 36 Market in Canada by Application 2018−2024 ($ billion)
Table 37 Air Conditioner Market in Europe by Type 2018−2024 ($ billion)
Table 38 Market in Europe by Type 2018−2024 (million units)
Table 39 Market in Europe by Application 2018−2024 ($ billion)
Table 40 Commercial Air Conditioner Market in Europe 2018−2024 ($ billion)
Table 41 Market in Italy by Type 2018−2024 ($ billion)
Table 42 Market in Italy by Type 2018−2024 (thousand units)
Table 43 Market in Italy by Application 2018−2024 ($ billion)
Table 44 Market in Russia by Type 2018−2024 ($ billion)
Table 45 Market in Russia by Type 2018−2024 (thousand units)
Table 46 Market in Russia by Application 2018−2024 ($ billion)
Table 47 Market in Spain by Type 2018−2024 ($ billion)
Table 48 Market in Spain by Type 2018−2024 (thousand units)
Table 49 Market in Spain by Application 2018−2024 ($ billion)
Table 50 Market in France by Type 2018−2024 ($ billion)
Table 51 Market in France by Type 2018−2024 (thousand units)
Table 52 Market in France by Application 2018−2024 ($ billion)
Table 53 Market in Germany by Type 2018−2024 ($ billion)
Table 54 Market in Germany by Type 2018−2024 (thousand units)
Table 55 Market in Germany by Application 2018−2024 ($ billion)
Table 56 Market in UK by Type 2018−2024 ($ billion)
Table 57 Market in UK by Type 2018−2024 (thousand units)
Table 58 Market in UK by Application 2018−2024 ($ billion)
Table 59 Market in Switzerland by Type 2018−2024 ($ billion)
Table 60 Market in Switzerland by Type 2018−2024 (thousand units)
Table 61 Market in Switzerland by Application 2018−2024 ($ billion)
Table 62 Air Conditioner Market in Latin America by Type 2018−2024 ($ billion)
Table 63 Market in Latin America by Type 2018−2024 (million units)
Table 64 Market in Latin America by Application 2018−2024 ($ billion)
Table 65 Commercial Air Conditioner Market in Latin America 2018−2024 ($ billion)
Table 66 Market in Brazil by Type 2018−2024 ($ billion)
Table 67 Market in Brazil by Type 2018−2024 (thousand units)
Table 68 Market in Brazil by Application 2018−2024 ($ billion)
Table 69 Market in Mexico by Type 2018−2024 ($ billion)
Table 70 Market in Mexico by Type 2018−2024 (thousand units)
Table 71 Market in Mexico by Application 2018−2024 ($ billion)
Table 72 Market in Argentina by Type 2018−2024 ($ billion)
Table 73 Market in Argentina by Type 2018−2024 (thousand units)
Table 74 Market in Argentina by Application 2018−2024 ($ billion)
Table 75 Market in Colombia by Type 2018−2024 ($ billion)
Table 76 Market in Colombia by Type 2018−2024 (thousand units)
Table 77 Market in Colombia by Application 2018−2024 ($ billion)
Table 78 Air Conditioner Market in MEA by Type 2018−2024 ($ billion)
Table 79 Market in MEA by Type 2018−2024 (million units)
Table 80 Market in MEA by Application 2018−2024 ($ billion)
Table 81 Commercial Air Conditioner Market in MEA 2018−2024 ($ billion)
Table 82 Market in Saudi Arabia by Type 2018−2024 ($ billion)
Table 83 Market in Saudi Arabia by Type 2018−2024 (thousand units)
Table 84 Market in Saudi Arabia by Application 2018−2024 ($ billion)
Table 85 Market in Egypt by Type 2018−2024 ($ billion)
Table 86 Market in Egypt by Type 2018−2024 (thousand units)
Table 87 Market in Egypt by Application 2018−2024 ($ billion)
Table 88 Market in Turkey by Type 2018−2024 ($ billion)
Table 89 Market in Turkey by Type 2018−2024 (thousand units)
Table 90 Market in Turkey by Application 2018−2024 ($ billion)
Table 91 Market in South Africa by Type 2018−2024 ($ billion)
Table 92 Market in South Africa by Type 2018−2024 (thousand units)
Table 93 Market in South Africa by Application 2018−2024 ($ billion)
Table 94 Market in UAE by Type 2018−2024 ($ billion)
Table 95 Market in UAE by Type 2018−2024 (thousand units)
Table 96 Market in UAE by Application 2018−2024 ($ billion)
Table 97 Daikin: Product Offerings
Table 98 Voltas: Product Offerings
Table 99 Bluestar: Product Offerings
Table 100 LG: Product Offerings
Table 101 Samsung: Product Offerings
Table 102 Mitsubishi Electric: Product Offerings
Table 103 Panasonic: Product Offerings
Table 104 Johnson Controls: Product Offerings
Table 105 Carrier: Product Offerings
Table 106 Midea: Product Offerings
Table 107 Chigo: Key Product Offerings
Table 108 Trane: Key Product Offerings
Table 109 Dunham-Bush: Key Product Offerings
Table 110 Gree: Key Product Offerings
Table 111 Fujitsu: Key Product Offerings
Table 112 Hitachi: Key Product Offerings
Table 113 Lloyd: Key Product Offerings
Table 114 Toshiba: Key Product Offerings
Table 115 Haier: Key Product Offerings
Table 116 Bosch: Key Product Offerings
Table 117 TCL: Key Product Offerings
Table 118 Whirlpool: Key Product Offerings
Table 119 Sanyo: Key Product Offerings
Table 120 Godrej: Key Product Offerings
Table 121 Micromax: Key Product Offerings
Table 122 Onida: Key Product Offerings
Table 123 Cruise: Key Product Offerings
Table 124 Fedders: Key Product Offerings
Table 125 Galanz: Key Product Offerings
Table 126 IFB: Key Product Offerings
Table 127 Global Air Conditioner Market by Type ($ billion)
Table 128 Global Market by Type (Revenue %)
Table 129 Global Air Conditioner Market by Type (million units)
Table 130 Global Market by Type (Volume %)
Table 131 Global Room Air Conditioner Market by Type ($ billion)
Table 132 Global Market by Type (Revenue %)
Table 133 Global Room Air Conditioner Market by Type (million units)
Table 134 Global Market by Type (Volume %)
Table 135 Global Commercial Air Conditioner Market by Type ($ billion)
Table 136 Global Market by Type (Revenue %)
Table 137 Global Commercial Air Conditioner Market by Type (million units)
Table 138 Global Market by Type (Volume %)
Table 139 Global Air Conditioner Market by Application ($ billion)
Table 140 Global Market by Application (Revenue %)
Table 141 Global Air Conditioner Market by Geography ($ billion)
Table 142 Global Market by Geography (Revenue %)
Table 143 Global Air Conditioner Market by Geography (million units)
Table 144 Global Market by Geography (Volume %)
Table 145 Market in APAC by AC Type 2018−2024 ($ billion)
Table 146 Market in APAC by AC Type 2018−2024 (million units)
Table 147 Market in APAC by Application 2018−2024 ($ billion)
Table 148 Market in North America by Type 2018−2024 ($ billion)
Table 149 Market in North America by Type 2018−2024 (million units)
Table 150 Market in North America by Application 2018−2024 ($ billion)
Table 151 Market in Europe by Type 2018−2024 ($ billion)
Table 152 Market in Europe by Type 2018−2024 (million units)
Table 153 Market in Europe by Application 2018−2024 ($ billion)
Table 154 Market in Latin America by Type 2018−2024 ($ billion)
Table 155 Market in Latin America by Type 2018−2024 (million units)
Table 156 Market in Latin America by Application 2018−2024 ($ billion)
Table 157 Market in MEA by Type 2018−2024 ($ billion)
Table 158 Market in MEA by Type 2018−2024 (million units)
Table 159 Market in MEA by Application 2018−2024 ($ billion)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Type
4.4.2 Market Segmentation by Application
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Key Insights
7.1.2 Raw Material Insights
7.2 Macro economic Factors
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Increased Demand for VRF Air Conditioners
8.1.2 Increasing Affordability of ACs
8.1.3 Growth in Construction Sector
8.2 Market Growth Restraints
8.2.1 Unfavorable Raw Material Dynamics
8.2.2 US-China Trade Issues
8.2.3 Inconsistent Environmental Protection Guidelines
8.3 Market Opportunities & Trends
8.3.1 Energy Efficiency & Reduction in GHG Emissions
8.3.2 Degrowth of Window ACs
8.3.3 Barriers to Adoption of Energy-efficient ACs
9 Market Landscape
9.1 Market Overview
9.2 Market Size & Forecast by Value & Volume
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Air Conditioner Market by AC Type
10.1 Market Snapshot & Growth Engine by Value
10.2 Market Snapshot & Growth Engine by Volume
10.2.1 Market Overview
10.2.2 Key Insights
10.3 Room Air Conditioner
10.3.1 Market Size & Forecast by Value & Volume
10.3.2 Window AC: Market Size & Forecast by Value & Volume
10.3.3 Single Split AC: Market Size & Forecast by Value & Volume
10.3.4 Multi-split AC: Market Size & Forecast by Value & Volume
10.4 Commercial Air Conditioner
10.4.1 Market Size & Forecast by Value & Volume
10.4.2 Packaged AC: Market Size & Forecast by Value & Volume
10.4.3 VRF AC: Market Size & Forecast by Value & Volume
11 Air Conditioner Market by Application Type
11.1 Market Snapshot & Growth Engine by Value
11.2 Market Overview
11.3 Residential Sector
11.3.1 Market Size & Forecast by Value
11.4 Commercial Sector
11.4.1 Market Size & Forecast by Value
11.4.2 Office Space: Market Size & Forecast
11.4.3 Airports & Public Utilities: Market Size & Forecast
11.4.4 Hospitality: Market Size & Forecast
11.4.5 Hospitals: Market Size & Forecast
11.4.6 Industrial & Others: Market Size & Forecast
12 Air Conditioner Market by Geography
12.1 Market Snapshot & Growth Engine by Value
12.2 Market Snapshot & Growth Engine by Volume
12.3 Overview
12.3.1 Key Insights
13 APAC
13.1 Air Conditioner Market Overview
13.1.1 Key Insights
13.2 Market Size & Forecast By Value & Volume
13.2.1 Market by Air Conditioner Type (Value & Volume)
13.2.2 Market by Application (Value)
13.3 Key Countries By Value & Volume
13.3.1 China: Market Size & Forecast by Value & Volume
13.3.2 Market by Type (Value & Volume)
13.3.3 Market by Application (Value)
13.3.4 Japan: Market Size & Forecast by Value & Volume
13.3.5 Market by Type (Value & Volume)
13.3.6 Market by Application (Value)
13.3.7 South Korea: Market Size & Forecast by Value & Volume
13.3.8 Market by Type (Value & Volume)
13.3.9 Market by Application (Value)
13.3.10 Australia: Market Size & Forecast by Value & Volume
13.3.11 Market by Type (Value & Volume)
13.3.12 Market by Application (Value)
13.3.13 India: Market Size & Forecast by Value & Volume
13.3.14 Market by Type (Value & Volume)
13.3.15 Market by Application (Value)
13.3.16 Indonesia: Market Size & Forecast by Value & Volume
13.3.17 Market by Type (Value & Volume)
13.3.18 Market by Application (Value)
14 North America
14.1 Air Conditioner Market Overview
14.2 Market Size & Forecast By Value & Volume
14.2.1 Market by Air Conditioner Type (Value & Volume)
14.2.2 Market by Application (Value)
14.3 Key Countries By Value & Volume
14.3.1 US: Market Size & Forecast by Value & Volume
14.3.2 Market by Type (Value & Volume)
14.3.3 Market by Application (Value)
14.3.4 Canada: Market Size & Forecast by Value & Volume
14.3.5 Market by Type (Value & Volume)
14.3.6 Market by Application (Value)
15 Europe
15.1 Air Conditioner Market Overview
15.1.1 Key Insights
15.2 Market Size & Forecast by Value & Volume
15.2.1 Market by Air Conditioner Type (Value & Volume)
15.2.2 Market by Application (Value)
15.1 Key Countries by Value & Volume
15.1.1 Italy: Market Size & Forecast by Value & Volume
15.1.2 Market by Type (Value & Volume)
15.1.3 Market by Application (Value)
15.1.4 Russia: Market Size & Forecast by Value & Volume
15.1.5 Market by Type (Value & Volume)
15.1.6 Market by Application (Value)
15.1.7 Spain: Market Size & Forecast by Value & Volume
15.1.8 Market by Type (Value & Volume)
15.1.9 Market by Application (Value)
15.1.10 France: Market Size & Forecast by Value & Volume
15.1.11 Market by Type (Value & Volume)
15.1.12 Market by Application (Value)
15.1.13 Germany: Market Size & Forecast by Value & Volume
15.1.14 Market by Type (Value & Volume)
15.1.15 Market by Application (Value)
15.1.16 UK: Market Size & Forecast by Value & Volume
15.1.17 Market by Type (Value & Volume)
15.1.18 Market by Application (Value)
15.1.19 Switzerland: Market Size & Forecast by Value & Volume
15.1.20 Market by Type (Value & Volume)
15.1.21 Market by Application (Value)
16 Latin America
16.1 Air Conditioner Market Overview
16.1.1 Key Insights
16.2 Market Size & Forecast by Value & Volume
16.2.1 Market by Air Conditioner Type (Value & Volume)
16.2.2 Market by Application (Value)
16.3 Key Countries by Value & Volume
16.3.1 Brazil: Market Size & Forecast by Value & Volume
16.3.2 Market by Type (Value & Volume)
16.3.3 Market by Application (Value)
16.3.4 Mexico: Market Size & Forecast by Value & Volume
16.3.5 Market by Type (Value & Volume)
16.3.6 Market by Application (Value)
16.3.7 Argentina: Market Size & Forecast by Value & Volume
16.3.8 Market by Type (Value & Volume)
16.3.9 Market by Application (Value)
16.3.10 Colombia: Market Size & Forecast by Value & Volume
16.3.11 Market by Type (Value & Volume)
16.3.12 Market by Application (Value)
17 Middle-East & Africa
17.1 Air Conditioner Market Overview
17.1.1 Key Insights
17.2 Market Size & Forecast By Value & Volume
17.2.1 Market by Air Conditioner Type (Value & Volume)
17.2.2 Market by Application (Value)
17.3 Key Countries By Value & Volume
17.3.1 Saudi Arabia: Market Size & Forecast by Value & Volume
17.3.2 Market by Type (Value & Volume)
17.3.3 Market by Application (Value)
17.3.4 Egypt: Market Size & Forecast by Value & Volume
17.3.5 Market by Type (Value & Volume)
17.3.6 Market by Application (Value)
17.3.7 Turkey: Market Size & Forecast by Value & Volume
17.3.8 Market by Type (Value & Volume)
17.3.9 Market by Application (Value)
17.3.10 South Africa: Market Size & Forecast by Value & Volume
17.3.11 Market by Type (Value & Volume)
17.3.12 Market by Application (Value)
17.3.13 UAE: Market Size & Forecast by Value & Volume
17.3.14 Market by Type (Value & Volume)
17.3.15 Market by Application (Value)
18 Competitive Landscape
18.1 Competition Overview
19 Key Company Profiles
19.1 Daikin
19.1.1 Business Overview
19.1.2 Major Products and Offerings
19.1.3 Key Strengths
19.1.4 Key Strategies
19.1.5 Key Opportunities
19.2 Voltas
19.2.1 Business Overview
19.2.2 Major Product Offerings
19.2.3 Key Strengths
19.2.4 Key Strategies
19.2.5 Key Opportunities
19.3 Bluestar
19.3.1 Business Overview
19.3.2 Major Product Offerings
19.3.3 Key Strengths
19.3.4 Key Strategies
19.3.5 Key Opportunities
19.4 Lg
19.4.1 Business Overview
19.4.2 Major Product Offerings
19.4.3 Key Strengths
19.4.4 Key Strategies
19.4.5 Key Opportunities
19.5 Samsung
19.5.1 Business Overview
19.5.2 Major Product Offerings
19.5.3 Key Strengths
19.5.4 Key Strategies
19.5.5 Key Opportunities
19.6 Mitsubishi Electric
19.6.1 Business Overview
19.6.2 Major Product Offerings
19.6.3 Key Strengths
19.6.4 Key Strategies
19.6.5 Key Opportunities
19.7 PANASONIC
19.7.1 Business Overview
19.7.2 Major Product Offerings
19.7.3 Key Strengths
19.7.4 Key Strategies
19.7.5 Key Opportunities
19.8 Johnson Controls
19.8.1 Business Overview
19.8.2 Major Product Offerings
19.8.3 Key Strengths
19.8.4 Key Strategies
19.8.5 Key Opportunities
19.9 Carrier
19.9.1 Business Overview
19.9.2 Major Product Offerings
19.9.3 Key Strengths
19.9.4 Key Strategies
19.9.5 Key Opportunities
19.10 Midea
19.10.1 Business Overview
19.10.2 Major Product Offerings
19.10.3 Key Strengths
19.10.4 Key Strategies
19.10.5 Key Opportunities
20 Other Prominent Vendors
20.1 Chigo
20.1.1 Business Overview
20.1.2 Product Offerings
20.2 Trane
20.2.1 Business Overview
20.2.2 Product Offerings
20.3 Dunham-Bush
20.3.1 Business Overview
20.3.2 Product Offerings
20.4 Gree
20.4.1 Business Overview
20.4.2 Product Offerings
20.5 Fujitsu
20.5.1 Business Overview
20.5.2 Product Offerings
20.6 Hitachi
20.6.1 Business Overview
20.6.2 Product Offerings
20.7 Lloyd Electric
20.7.1 Business Overview
20.7.2 Product Offerings
20.8 Toshiba
20.8.1 Business Overview
20.8.2 Product Offerings
20.9 Haier
20.9.1 Business Overview
20.9.2 Product Offerings
20.10 Bosch
20.10.1 Business Overview
20.10.2 Product Offerings
20.11 TCL
20.11.1 Business Overview
20.11.2 Product Offerings
20.12 Whirlpool
20.12.1 Business Overview
20.12.2 Product Offerings
20.13 Sanyo
20.13.1 Business Overview
20.13.2 Product Offerings
20.14 Godrej
20.14.1 Business Overview
20.14.2 Product Offerings
20.15 Micromax
20.15.1 Business Overview
20.15.2 Product Offerings
20.16 Onida
20.16.1 Business Overview
20.16.2 Product Offerings
20.17 Cruise
20.17.1 Business Overview
20.17.2 Product Offerings
20.18 Fedders
20.18.1 Business Overview
20.18.2 Product Offerings
20.19 Galanz
20.19.1 Business Overview
20.19.2 Product Offerings
20.20 IFB
20.20.1 Business Overview
20.20.2 Product Offerings
21 Report Summary
21.1 Key Takeaways
21.2 Quantitative Summary
21.2.1 Type of AC (Value)
21.2.2 Type of AC (Volume)
21.2.3 RAC (Value)
21.2.4 RAC (Volume)
21.2.5 CAC (Value)
21.2.6 CAC (Volume)
21.2.7 Application (Value)
21.2.8 Geography (Value)
21.2.9 Geography (Volume)
21.2.10 APAC
21.2.11 North America
21.2.12 Europe
21.2.13 Latin America
21.2.14 Middle East & Africa
22 Appendix
22.1 Abbreviations
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Frequently Asked Questions
What is the growth forecast of the global Air Conditioner market size?
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Published : August 2020