Market Overview:
The global air conditioning system market is expected to exhibit a CAGR of 6.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
An air conditioning (AC) system is a type of compressor-based refrigerant machine that functions by removing heat and moisture from the air and replacing it with cooler air in an enclosed space. Generally, the system comprises a compressor, evaporator and condenser coils, fan, and chemical refrigerant. The AC system creates a comfortable environment that helps in increasing human efficiency, along with circulating filtered air inside a confined space by restraining the entry of dust particles or smoke. Due to this, these systems are widely installed across the residential, commercial, and industrial spaces.
Over the years, there has been an increase in the construction of residential complexes, shopping malls, hospitals, hotels, multiplexes, and auditoriums, particularly in emerging regions like the Asia Pacific, the Middle East, North Africa, and Latin America. This has further increased the demand for AC systems for cooling and maintaining indoor air quality. Additionally, rising environmental concerns and various governmental regulations for reducing carbon emissions have led to increased consumer inclination toward energy-efficient and green AC systems globally. In addition to this, the launch of various government initiatives for promoting the need for eco-friendly product variants has also augmented the market growth. For instance, the ‘Super-Efficient Air Conditioning Program’ was launched by the Energy Efficiency Services Limited, Government of India, for replacing conventional AC systems with their new and eco-friendly counterparts. Moreover, with the advent of the latest technologies, several manufacturers are introducing R-22 free systems to minimize heat emissions, thereby providing a positive thrust to the market. However, there has been a decline in the sales of AC systems due to the spread of the coronavirus disease (COVID-19) as the exports of AC components from China remain suspended.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global air conditioning system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel, technology and end-use.
Breakup by Product Type:
- Unitary
- Rooftop
- PTAC
- Others
Unitary air conditioning (UAC) systems are currently the most popular product type.
Breakup by Distribution Channel:
- Specialty Stores
- Supermarkets and Hypermarkets
- Online
- Others
On the basis of the distribution channel, the majority of AC systems are distributed through specialty stores.
Breakup by Technology:
Nowadays, consumers prefer AC systems with inverter technology over conventional or non-inverter AC systems.
Breakup by End Use:
- Residential
- Commercial
- Industrial
At present, there has been increasing use of AC systems in the commercial sector.
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
The Asia Pacific currently exhibits a clear dominance in the market.
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the air conditioning system companies are being Carrier Corporation, DAIKIN INDUSTRIES, Ltd., Electrolux North America, Inc., Haier Group Corporation, Hitachi-Johnson Controls Air Conditioning Inc., Lennox International Inc., LG Electronics Inc., Midea Group Co., Ltd., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., etc.
Report Coverage:
Report Features |
Details |
---|
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Billion |
Segment Coverage |
Product Type, Distribution Channel, Technology, End Use, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Carrier Corporation, DAIKIN INDUSTRIES, Ltd., Electrolux North America, Inc., Haier Group Corporation, Hitachi-Johnson Controls Air Conditioning Inc., Lennox International Inc., LG Electronics Inc., Midea Group Co., Ltd., Mitsubishi Electric Corporation, Panasonic Corporation and Samsung Electronics Co. Ltd. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Air Conditioning System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Unitary
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Rooftop
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PTAC
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Specialty Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Technology
8.1 Inverter
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-Inverter
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use
9.1 Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
12.1 Overview
12.2 Inbound Logistics
12.3 Operations
12.4 Outbound Logistics
12.5 Marketing and Sales
12.6 Service
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Carrier Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 DAIKIN INDUSTRIES, Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Electrolux North America, Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Haier Group Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Hitachi-Johnson Controls Air Conditioning Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Lennox International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 LG Electronics Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Midea Group Co., Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Mitsubishi Electric Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Panasonic Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Samsung Electronics Co. Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Air Conditioning System Market: Major Drivers and Challenges
Figure 2: Global: Air Conditioning System Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Air Conditioning System Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Air Conditioning System Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Air Conditioning System Market: Breakup by Technology (in %), 2021
Figure 6: Global: Air Conditioning System Market: Breakup by End Use (in %), 2021
Figure 7: Global: Air Conditioning System Market: Breakup by Region (in %), 2021
Figure 8: Global: Air Conditioning System Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Air Conditioning System (Unitary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Air Conditioning System (Unitary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Air Conditioning System (Rooftop) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Air Conditioning System (Rooftop) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Air Conditioning System (PTAC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Air Conditioning System (PTAC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Air Conditioning System (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Air Conditioning System (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Air Conditioning System (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Air Conditioning System (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Air Conditioning System (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Air Conditioning System (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Air Conditioning System (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Air Conditioning System (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Air Conditioning System (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Air Conditioning System (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Air Conditioning System (Inverter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Air Conditioning System (Inverter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Air Conditioning System (Non-Inverter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Air Conditioning System (Non-Inverter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Air Conditioning System (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Air Conditioning System (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Air Conditioning System (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Air Conditioning System (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Air Conditioning System (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Air Conditioning System (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia Pacific: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia Pacific: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Air Conditioning System Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Air Conditioning System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Air Conditioning System Industry: SWOT Analysis
Figure 84: Global: Air Conditioning System Industry: Value Chain Analysis
Figure 85: Global: Air Conditioning System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Air Conditioning System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Air Conditioning System Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Air Conditioning System Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Air Conditioning System Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Air Conditioning System Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: Global: Air Conditioning System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Air Conditioning System Market: Competitive Structure
Table 8: Global: Air Conditioning System Market: Key Players