Air Conditioning Systems Market, By Air Conditioner Type (Slit, Rooftop, Indoor Packaged, and chillers), By Duct Type (Ducted and Ductless), By Technology (Manual/Semi-Automatic and Automatic), By Application (Automotive Air Conditioning, Commercial Air Conditioning, Industrial Air Conditioning, and Residential Air Conditioning), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI33519 | Publish Date: February 2024 | No. of Pages: 168

Global Air Conditioning Systems Market Overview

Introduction:

Air Conditioning Systems Market was valued at US$ 134.5 Billion in 2024 and is projected to grow at a CAGR of 6.70% to reach US$ 256.9 Billion by 2034.

Air conditioning systems are machines used for conditioning and distributing air to a required space. These systems can be used in cars, hotels, large office buildings, and households. Air conditioning systems helps to control temperature as well as humidity in specific space.Air conditioning systems are machines used for conditioning and distributing air to a required space. These systems can be used in cars, hotels, large office buildings, and households. Air conditioning systems helps to control temperature as well as humidity in specific space.

Global Air Conditioning Systems Market Dynamics

Increasing adoption of air conditioning systems in cars, hotels, large office buildings, malls, theaters, cruise liners, hospitals, and households is factor driving growth of the global air conditioning systems market. In addition, less energy consumption by air conditioning systems create more demands for these systems propelling growth of the target market. However, high initial costs of system and installation are factors restraining growth of the global air conditioning systems market.

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Global Air Conditioning Systems Market Segmentation

Global air conditioning systems market has been segmented into air conditioner type, duct type, technology, application, and region.

On the basis of air conditioner type, the target market has been segmented into slit, rooftop, indoor packaged, and chillers. On the basis of duct type, the global air conditioning systems market has been categorized into ducted and ductless. On the basis of technology, the global market is bifurcated into manual/semi-automatic and automatic. On the basis of application, the global air conditioning systems market has been classified into automotive air conditioning, commercial air conditioning, industrial air conditioning, and residential air conditioning.

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On the basis of region, the global air conditioning systems market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing urbanization and infrastructure development and growth in construction and automotive sectors in the countries of the region. In addition, rising adoption of air conditioning systems due to energy efficiency is factor supporting growth of the Asia Pacific air conditioning systems market. Also, the market in North America is expected to account for second-highest revenue share in the global market, followed by the market in Europe.

Global Air Conditioning Systems Market Key Issues Addressed

Key players operating in the global air conditioning systems market includes Panasonic Corporation, Mitsubishi Corporation, Midea Group Co., Ltd., LG Electronics, Haier Electronics Group Co., Ltd., Daikin Industries, Ltd., Voltas Limited, Whirlpool Corporation, AB Electrolux (publ), and Hitachi Ltd.

Global Air Conditioning Systems Market Table of Contents

Table of Contents

Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Conditioner Type
  - Market Snippet, By Duct Type
  - Market Snippet, By Technology
  - Market Snippet, By Application
  - Market Snippet, By Region
- Opportunity Map Analysis
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Recent Approvals
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
Global Air Conditioning Systems Market, By Air Conditioner Type, 2019 – 2029, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  - Y-o-Y Growth Analysis (%), 2019 – 2029
  - Segment Trends
- Split
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Rooftop
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Indoor Packaged
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Chillers
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
Global Air Conditioning Systems Market, By Duct Type, 2019 – 2029, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  - Y-o-Y Growth Analysis (%), 2019 – 2029
  - Segment Trends
- Ducted
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Ductless
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
Global Air Conditioning Systems Market, By Technology, 2019 – 2029, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  - Y-o-Y Growth Analysis (%), 2019 – 2029
  - Segment Trends
- Manual/Semi-Automatic
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Automatic
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
Global Air Conditioning Systems Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  - Y-o-Y Growth Analysis (%), 2019 – 2029
  - Segment Trends
- Automotive Air Conditioning
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Commercial Air Conditioning
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Industrial Air Conditioning
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Residential Air Conditioning
  - Overview
  - Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
Global Air Conditioning Systems Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
  - Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
  - Y-o-Y Growth Analysis (%), 2019 – 2029
  - Regional Trends
- North America
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - U.S.
    - Canada
- Europe
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - Germany
    - UK
    - France
    - Russia
    - Italy
    - Switzerland
    - Sweden
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - China
    - India
    - Australia & New Zealand
    - Japan
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - Brazil
    - Mexico
    - Argentina and Chile
    - Rest of Latin America
- Middle East
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - GCC
    - Israel
    - Rest of Middle East
- Africa
  - Market Size and Forecast (US$ Mn), By Air Conditioner Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Duct Type, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
  - Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
    - South Africa
    - Central Africa
    - North Africa
Competitive Landscape
- Heat Map Analysis
- Company Profiles
  - Toray Industries Inc.
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Mitsubishi Corporation
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Midea Group Co., Ltd.
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - LG Electronics
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Haier Electronics Group Co., Ltd.
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Daikin Industries, Ltd.
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Voltas Limited
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Whirlpool Corporation
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview

- - - Business Strategy
  - AB Electrolux (publ)
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
  - Hitachi Ltd
    - Company Overview
    - Product Portfolio
    - Key Highlights
    - Financial Overview
    - Business Strategy
- Analyst Views
Section
- Research Methodology
- About Us
- Contact

FAQs

What is the scope of the market research report?

The market report has been segmented on the basis of air conditioner type, duct type, technology, application and region.

What are the growing factors related with the Air Conditioning Systems Market growth?

air conditioning systems market is projected to grow from US$ 129.2 billion in 2019 to US$ 213.1 billion by 2029. Global air conditioning systems market is expected to register moderate growth

What are the regions considered in the report & which region will dominate the market?

air conditioning systems market has been segmented into air conditioner type, duct type, technology, application, and region.

What are the leading players in the Air Conditioning Systems Market?

The leading players operating in the includes Panasonic Corporation, Mitsubishi Corporation, Midea Group Co., Ltd., LG Electronics, Haier Electronics Group Co., Ltd., Daikin Industries, Ltd., Voltas Limited, Whirlpool Corporation, AB Electrolux (publ), and Hitachi Ltd.

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