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Air Conditioning (AC) Market By Product Type (Room/Unitary Air Conditioners, Chillers, VRF Systems, Coolers and Others), By Component (Compressor, Evaporator, Fan, Condenser Coil and Others), By Technology (Automatic, Manual/Semi-Automatic, invertor, Spit A/C and Others) and By Application (Commercial, Residential and Industrial): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2019–2026

Covid-19

Global Air Conditioning (AC) Market Size, Share

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Industry Insights

The report encompasses an extensive inter-market segmental analysis of the air conditioning (AC) market. The report delivers historical analysis of the air conditioning market from a global perspective. The report examines historical trends and projected trends expected to be witnessed in the air conditioning (AC) market. The comprehensive analysis of the market statistics at the global as well as the regional levels is delivered for an in-depth perspective of the global air conditioning (AC) market. The historical statistics include yearly data from 2016 to 2019 and anticipated trends impacting the air conditioning market during the period 2020 to 2026. The quantitative figures are offered in the statistical format including both volume
(K Units) and value (USD Billion) for 2016 – 2026. The qualitative data is incorporated with trend analysis and provides vital market dynamics (directly or indirectly impacting the global market) such as growth drivers, restraints, challenges, and opportunities.

Our analyst through multiple industry analysis models provides key business strategies and vital information on the competitive landscape of the air conditioning (AC) market in our report.

Porter’s Five Forces framework which studies industry attractiveness influencers of an industry provides knowledge about the competitive strategies adopted by various direct and indirect stakeholders affecting the entire value chain of the air conditioning (AC) market. The report also encompasses PESTLE analysis and SWOT analysis in reference to the level of business competition within the market.

The report further offers competitive analysis including market shares of prominent industry players and gives an outline of the market position held by major players in the air conditioning (AC) market. Moreover, the study offers extensive coverage of key strategic advancements observed in the market in particular to new product development and launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the air conditioning (AC) market.

The research study delivers a critical assessment of the air conditioning (AC) industry by sensibly segmenting the market on the basis of product type, component, application, technology, and regions. On the basis of product type segmentation, the market is classified into the room/unitary air conditioners, chillers, VRF systems, coolers, and others. In terms of component segmentation, the market is bifurcated into the compressor, evaporator, fan, condenser coil, and others. On the basis of technology, the market is divided into automatic, manual/semi-automatic, invertor, spit a/c and others and by application, it is segmented into commercial, residential and industrial.

Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the air conditioning (AC) industry includes the holistic market trends and overall statistics of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The consumer behavior and purchasing patterns of the consumers in the air conditioning market worldwide are majorly based on the level of technology adoption and changing lifestyles. The regional market share is mostly influenced by the economic conditions within a particular region.

Prominent players operating in the air conditioning (AC) market covered in this report include Midea Group, Hisense Electric Co., Carrier Corporation, Panasonic Corporation, Hitachi Ltd., Samsung Electronics Ltd., LG Electronics Inc., Daikin Industries Ltd., Electrolux AB, Sharp Corporation, Mitsubishi Electric Corporation. Additional inclusions are considered for the customized offering.

logoThe categorization of the Air Conditioning (AC) Market by its scope and segmentation is as follows:

logo By Product Type Segmentation Analysis

  • Room/Unitary Air Conditioners
  • Chillers
  • VRF Systems
  • Coolers
  • Others

logo By Component Segmentation Analysis

  • Compressor
  • Evaporator
  • Fan
  • Condenser Coil
  • Others

logo By Technology Segmentation Analysis

  • Automatic
  • Manual/Semi-Automatic
  • Invertor
  • Spit A/C
  • Others

logo By Application Segmentation Analysis

  • Commercial
  • Residential
  • Industrial

logo Regional Segmentation Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

logoKey Pointers Addressed by the Report

  • Historical data and forecast analysis of the market
  • Drivers and Restraints affecting market dynamics
  • Exhaustive analysis about the future market trends
  • Comprehensive information about the leading market segments and regions
  • Potential opportunities for the players in the market
  • Business strategies by the major players operating in the global market
  • Strategic developments made by the competitive players and in-depth analysis about its impact on market growth

Covid-19

Air Conditioning (AC) Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

logoKey Insights from Primary Research

  • On conclusion of wide-ranging interviews with high ranking executives of number of firms operating in the air conditioning (AC) market, our research team predicts the global air conditioning (AC) market to foresee an excellent double digit growth of around 12 % CAGR during period between 2020 and 2026.
  • The interviewee’s insights predict the global air conditioning market value to surpass an enormous figure of USD 310 Billion. These predictions were further compared to prediction obtained through secondary research conducted by our analyst team.
  • Regionally, Asia-Pacific region will continue to dominate the global market share with more than 55 % of share. The respondents also believe Asia Pacific region to exhibit the fastest growth on account of rising per capita income especially in India, Southeast Asia and China.
  • Based on product type submarket, the room/utility air conditioners are expected to foresee increase in greater amount of consumption while holding largest segmental market share among product types.
  • The Split A/C and Automatic air conditioning technology based products are expected to constitute for more than 70 % of global air conditioning devices consumed.
  • Residential segment is expected to continue to remain highest consuming segment with projected market value of greater than USD 175 Billion.

logoKey Recommendations from Analysts

  • Our key insights gained through analysis suggest for greater focus in Asia Pacific region as it possess the extreme potential for air conditioning market development and expansion.
  • Consumers are precariously choosing products which are both environment and pocket friendly. Wide range of products with various brands and differentiated pricing are available in the market thereby allowing customers multiple options for purchase.
  • The omni-channel presence will be beneficial for growth of business in highly diverse Asian market. Furthermore, emphasis should be given on greater relationship with the down channel distributors in markets like India whereas greater online presence and competitive pricing will play significant role in market expansion in China.
  • Our analysts predict the market to witness the fastest growth between 2023-2026 owing to increasing per capita income in Asian population as well as rising effect of global warming leading temperature increase majority parts of Asia.

logoTop Investment Pockets – By Product Type

Air-Conditioning-(AC)-Market

Covid-19

Air Conditioning (AC) Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Midea Group
  • Hisense Electric Co.
  • Carrier Corporation
  • Panasonic Corporation
  • Hitachi Ltd.
  • Samsung Electronics Ltd.
  • LG Electronics Inc.
  • Daikin Industries Ltd.
  • Electrolux AB
  • Sharp Corporation
  • Mitsubishi Electric Corporation.

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Air Conditioning (AC) Market.
According to Facts and Factors research report, the global Air Conditioning (AC) Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Air Conditioning (AC) Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Air Conditioning (AC) Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Air Conditioning (AC) Market in North America over coming decade.
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