Air conditioning (AC) is preferred in the humid regions, to sustain in extremely hot climatic conditions. The rising number of deaths due to unbearable heat conditions has increased the AC adoption in tropical countries. According to the IndustryARC estimations, the global air conditioning market size stood at $124.6 billion in 2018. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.20% throughout the forecast period 2019-2025.
The IndustryARC report, titled: “Air Conditioning Market: By Product Type (Unitary, Split, Others), By Design, By Mount Type (Windowed, Standalone, Roof Top, Others), By Capacity, By Energy Rating, By Component, By End-Use (Residential, Commercial, Industrial,); By Geography – Forecast (2019 - 2025)” provides an in-depth analysis of the air conditioning market trends, air conditioning market forecast, air conditioning market growth, and strategic analysis of the global air conditioning market.
Air Conditioning Market: Leading Segments
The exemplary performance of the air conditioning systems across-the-board climatic conditions of Japan is attributing for the growth of APAC AC market. The rising in the number of heat-related incidence reported by the hospitals in Asian countries owing to high temperature across this region. As of June 2018, half of South Asia’s population, nearly 800 million people were residing in the hot-spots of the high-temperature region. Particularly India, China, Bangladesh, Pakistan, and Indonesia are the massively populated countries which are exposed to extremely hot climatic conditions. The above-mentioned factors reveal that Asia is in the high-temperature zone which needs air conditioning on a higher scale. Therefore, APAC held leading share of 35.80% when compared to other regions in the global air conditioning market. Starvation for ACs in this region has boosted the share of APAC in the global AC market. According to Urban Climate Change Research Network estimations, almost 100 most heavily populated cities summer highs are estimated to reach at least 95 degrees Fahrenheit by 2050 out of which 24 cities are in India.
Unitary ACs, split ACs, packaged ACs, chillers, airside systems, hybrid ACs, and condensing units are widely used ACs. Among them, window AC, split AC, packaged AC are the majorly used in the residential sector. People are switching to high-efficiency air conditioners which maintain air purity conditions in the indoor spaces. The growing number of residencies are getting equipped with more efficient central air conditioning systems. Furthermore, AC application in the residential end-use industry has been notified to be the fastest growing among other industries, which is anticipated to grow with a CAGR of 5.92% during the forecast period 2019-2025.
Air Conditioning Market: Disruptive Trends
o Advanced designs of ACs which are accomplished with wireless control and 4D express cooling are boosting the growth of air conditioning market. AC offers superior comfort and better health through its durability.
o Increasing demand for air conditioning in the industries owing to the necessity of precision results in terms of temperature and humidity control in several industrial processes.
o AC plays a prominent role in coordinating with the architectural design, energy consumption, and sound emissions to restructure the best conditions for an individual to sustain. AC is mainly used for a smoothly running the operations of the IT sector.
Air Conditioning Market: Competitive Landscape
Denso Corporation, MAHLE GmBH, Calsonic Kansei Corporation, Eberspaecher Holding GmbH & Co. KG, Keihin Corporation, Sanden Holdings Corporation, Hanon Systems, Mitsubishi Heavy Industries Ltd., Valeo SA, and Subros Limited are the key air conditioning market share players which are contributing for the growth of the global air conditioning market.
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B. HVAC Equipment Market
C. U.S. HVAC Equipment Market
D. Refrigerant Market
What can you expect from the report?
The air conditioning market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.