Market Overview

Solar air conditioning refers to air conditioning systems that consumes solar power to offer air conditioning effects. Using passive solar thermal energy, solar air conditioning emits conditioned air through a thermally driven refrigeration process. Solar air conditioning systems are used in residential, commercial, and industrial spaces to reduce electricity cost. Increasing environmental concerns to save electricity among people and organizations has helped the solar air conditioning market to grow at a substantial rate. Moreover, demand for solar air conditioning systems is increasing due to increasing global temperature in the recent past. For instance according to National Oceanic and Atmospheric Agency (NOAA )data, the 2017 average global temperature across land and ocean surface areas was increased by 0.84°C (1.51°F).

Global solar air conditioning market is expected to witness significant growth during the forecast period (2018–2026). The market growth is majorly attributed to changing lifestyle and demand for increasing comfort among people and increasing government initiatives to enhance the share of solar energy in power consumption.

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Market Dynamics

The demand for solar air conditioning systems is increasing due to growing population and disposable income. For instance according to 2017 United Nations report, world’s population is expected to reach 8.6 billion in 2030 from 7.6 billion in 2017. Solar air conditioning system uses renewable energy source and produces very few greenhouse gases, which is expected to reduce harmful carbon emissions. Use of solar energy also reduces demand for electric grids that rely on fossils fuels. These factors are expected to boost growth of the solar air conditioning market over the forecast period. Rise of electricity rates and the need to reduce energy consumption, has indirectly boosted a steady increase in the demand for and use of solar air conditioning system.

Detailed Segmentation

Global Solar Air Conditioning Market, By Power Source:

Hybrid Solar A/C

100% Grid off A/C

Global Solar Air Conditioning Market, By Product Type:

Split Solar A/C

Window Solar A/C

Cassette Solar A/C

Floor Standing Solar A/C

Global Solar Air Conditioning Market, By Capacity:

1 Ton

1.5 Ton

2 Ton and Above

Global Solar Air Conditioning Market, By End User:

Residential

Commercial

Industrial

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Major players operating in the global solar air conditioning market include, Lennox, Videocon, Harvest Air Conditioner, HotSpot Energy Inc., Aussie Solar World, Solair World International, Icesolair, Gree, Midea Group Onyx Solar ac, and others.

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