Global air conditioning market expected to reach around USD 292.7 billion by 2025, at a CAGR approximately 11.7% for the forecast period from 2019 to 2025. The global air conditioning market is likely to grow significantly in the upcoming years, due to improving economic conditions, rising per capita income, and increasing pollution levels.
Air Conditioning Market
The report analyzes and forecasts the air conditioning market on the basis of product, component, technology, end-user, and region. The study shows past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of market dynamics gives a brief insight into the drivers and restraints of the air conditioning market along with their impact on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the air conditioning market on a regional level.
The report gives a transparent view of the air conditioning market. We have included a detailed competitive scenario and portfolio of prominent vendors operating in the global air conditioning market. To understand the competitive landscape of the air conditioning market, an analysis of Porter’s Five Forces model for the market has also been included. The report offer market attractiveness analysis, wherein all the segments are benchmarked based on their general attractiveness, market size, and growth rate.
The study provides a crucial view of the air conditioning market based on product, component, technology, end-user, and region. All the segments are analyzed based on present and future trends and the market is estimated from 2019 to 2025. By product, the market includes room/unitary air conditioners, chillers, VRF systems, coolers, and others. By component, the market includes a compressor, evaporator, fan, and condenser coil. The technology segment includes automatic air conditioning, manual/semi-automatic air conditioning, inverter, split A/C, and others. The end-user segment includes commercial, residential, industrial, and others. The market is analyzed based on five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players of the global air conditioning market 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, and Mitsubishi Electric Corporation.
This report segments the global air conditioning market into:
Global Air Conditioning Market: By Product
Global Air Conditioning Market: By Component
Global Air Conditioning Market: By Technology
Global Air Conditioning Market: By End-User
Global Air Conditioning Market: By Region