GLOBAL AIR CONDITIONER MARKET SIZE TO REACH USD 145 BILLION BY 2024, GROWING AT A CAGR OF 5% DURING THE FORECAST PERIOD

Air Conditioner Market Size, Share, & Trends Analysis Report by 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)), and Geography (Europe, APAC, North America, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2024

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Most Exhaustive Report

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282 Pages

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159 Tables

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116 Charts

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5 Regions

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24 Countries

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30 Companies

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3 Market Segment

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 global AC market is highly competitive with a high influx of global, regional, and local players. The majority of the global air conditioner market share is captured by global companies such as Daikin, Voltas, LG, Carrier, and Midea. To maintain a competitive edge with other players, the global players are focusing on developing innovative products and increasing their product portfolio by making considerable investments in R&D. Global companies have come up with new strategies such as the introduction of new products, marketing, and promotional activities, investing in joint ventures, and following dual-brand strategies in some regions to capture the market.

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

Frequently Asked Questions

What is the growth forecast of the global Air Conditioner market size?

The global Air Conditioner Market size will reach USD 145 billion in 2025.

What are the major factors for the increased demand for air conditioners in residential applications?

The growth in the residential construction market and the replacement market are the major drivers for the air conditioner demand in the residential sector.

Who are the leading vendors, and what are their market shares?

Bluestar, Carrier, Daikin, Johnson Controls, LG, Midea, Mitsubishi Electric, Panasonic, Samsung, and Voltas are the leading vendors in the market.

Which segment is going to witness maximum growth during the forecast period?

The multi-split air conditioner segment is one of the fastest-growing as these allow for multiple types of indoor units.

What are the considerable factors that will boost market growth?

Growth in the Construction Market, Energy Efficiency and CHG Emission Cut Down, Multiple of Barriers to High Energy Efficient ACs are the major factors driving the market growth

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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

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

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)

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