The increasing disposable income of people and growing travel and tourism activities are the other important factors propelling the demand for commercial air-conditioners across the globe. Due to these factors, the volume of sales of commercial air conditioners (AC) is expected to rise from 17.6 million units in 2019 to 25.4 million units by 2030. The commercial AC market is predicted to exhibit a CAGR of 3.5% during the forecast period (2020–2030).

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In addition to this, several countries all around the world are intending on conducting major infrastructural development projects over the next few years such as the renovation and construction of metro rail systems, airports, residential buildings, and office complexes and this will further push the demand for commercial air-conditioners.

Commercial air-conditioners are widely required in various buildings and sectors such as healthcare, hospitality, transportation, government, office & building, and supermarket/hypermarket. Out of these end-users, the hospitality sector is expected to register the highest utilization of commercial air-conditioners during the forecast period. This is mainly attributed to the flourishing tourism industry throughout the world.

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According to the United Nations World Tourism Organization (UNWTO), the international tourism industry recorded a growth of 7% during 2016–17 and it is expected to growth further in the coming years. The thriving construction industry is one of the major factors contributing toward the soaring demand for commercial air-conditioners across the world. The thriving construction industry is one of the major factors contributing toward the soaring demand for commercial air-conditioners across the world. As per many studies and reports, the valuation of the global construction sector is expected to increase from $10.5 trillion in 2017 to $12.8 trillion by 2022.