Report Update: May 1, 2024

World - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights

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Air Conditioning System Market

The air conditioning system market is a rapidly growing industry that deals with the manufacturing, distribution, and installation of air conditioning systems for residential, commercial, and industrial use. The market is driven by the increasing demand for air conditioning systems due to factors such as rising temperatures, urbanization, and the need for enhanced comfort in various settings. The global air conditioning system market was valued at $140.93 billion in 2019 and is projected to reach $240.81 billion by 2027, with a CAGR of 7.2% during the forecast period.

Key Drivers of the Market

1. Rising temperatures: With global temperatures on the rise, the demand for air conditioning systems has been increasing significantly. Heatwaves and extreme weather conditions in many regions have made air conditioning a necessity rather than a luxury.

2. Urbanization: The rapid growth of urban areas has led to increased construction activities, which, in turn, boosts the demand for air conditioning systems. The expanding middle-class population in developing countries is also driving the market growth.

3. Technological advancements: The air conditioning industry has witnessed significant technological advancements in recent years, leading to the development of more energy-efficient and eco-friendly systems. This has attracted consumers and government regulations favoring energy-efficient products.

Market Segmentation

The air conditioning system market can be segmented based on product type, application, and region.

1. Product Type:

Splits Systems: These are the most common type of air conditioning systems, which consist of an indoor unit and an outdoor unit connected by refrigerant pipes.
VRF (Variable Refrigerant Flow) Systems: These systems are known for their flexibility and energy efficiency, allowing individual control over different zones.
Chillers: These are large-scale air conditioning systems used in commercial and industrial buildings.
Window and Portable Air Conditioners: These are compact and convenient systems often used for residential purposes or small office spaces.

2. Application:

Residential: The residential sector accounts for a significant share of the market due to the increasing number of households adopting air conditioning systems for enhanced comfort.
Commercial: The commercial sector includes offices, retail spaces, hotels, and other commercial buildings that require air conditioning for the comfort of employees and customers.
Industrial: Industrial air conditioning systems are used in manufacturing facilities, warehouses, and other industrial settings to maintain optimum working conditions and protect equipment.

Regional Analysis

The air conditioning system market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia Pacific dominates the market, accounting for the largest share due to the high demand from countries like China, India, and Japan. The rapid urbanization and rising income levels in these countries are driving the market growth. North America and Europe also hold significant market shares due to their mature economies and high standards of living.

Key Players

The air conditioning system market is highly competitive and characterized by the presence of several major players. Some of the key players in the market include Daikin Industries, Ltd., Carrier Corporation, LG Electronics Inc., Trane Technologies plc, Mitsubishi Electric Corporation, Johnson Controls International plc, Samsung Electronics Co., Ltd., Panasonic Corporation, Fujitsu General Limited, and Hitachi, Ltd.

In conclusion, the air conditioning system market is witnessing significant growth driven by factors such as rising temperatures, urbanization, and technological advancements. With the increasing demand for energy-efficient and eco-friendly systems, the market is expected to continue its upward trajectory in the coming years.

This report provides an in-depth analysis of the global air conditioning machine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
Prodcom 28251240 - Air conditioning machines of a kind used in motor vehicles
Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023