The global air conditioning (AC) market size was estimated to USD 95,080 million in 2018 and expected to grow at a CAGR of 3.8% during the forecast period. Air conditioning is a process of removing heat and moisture from a space, by cooling the area. The utilization of the air conditioning has increased in the developing countries due to increase in the high disposable income of individual and lifestyle changes. ACs are utilized in different sectors such as domestic sectors, commercial sectors & industrial sectors. The increased demand for ACs has been observed in all the sectors. Government regulations on refrigerants are forcing the manufacturers to develop energy efficient and eco-friendly products. There have been many technological developments observed in the market due to phasing out of key refrigerants. Once the most preferred refrigerants CFCs will be completely replaced by other refrigerants in next few years. Similarly, HCFCs, also phasing out and completely replaced by HFCs and other refrigerants in near future. Manufacturers are moving towards eco-friendlier alternatives such as HFOs and natural refrigerants. New product such as power efficient and inverter ACs are driving the global market. The growth of automobile sector is also influencing the global air conditioning market.
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Geographically, the global air conditioning market is divided into North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific represents the largest market and is considered the fastest developing market in the global market. The interest for air conditioning systems in Asia Pacific is expected going to be driven by Japan, China, and India. Moreover, the technological advancement in air conditioning is expected to drive the interest for air conditioning systems during the forecast period.
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Air conditioning Market segmentation
By application
Residential
Commercial
Industrial
Healthcare
Institution
Automotive
Others
By type
Splits
Rooftop
Indoor packaged
Chillers
Vrf
Ahu/fcu
By duct type
Ducted
Ductless
By refrigerant type
Hcfc
Hfc
Hfo
Natural refrigerant
Competitive landscape
Key strategies
Key company analysis
Regional analysis
North american
United states
Canada
European
Uk
Germany
Spain
France
Italy
Roe
Asia pacific
India
China
Japan
Roapac
Rest of the world
Company profiles
Amana
Blue star
Carrier
Daikin industries ltd.
Danfoss a/s
Electrolux ab
Godrej
Gree electric
Guangdong chigo air conditioning co., ltd
Haier electronics group co., ltd
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