The global Air Conditioning market is anticipated to grow at a significant CAGR of 9.7% during the forecast period. One of the major factors driving the growth of the market includes the rapid rise in the global urban population. Ongoing technological advancements to reduce component size and price to increase the affordability of ACs by middle-income individuals is another factor to promote the growth of the air conditioning market, especially in emerging economies across the globe.
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The COVID-19 pandemic has had a considerable impact on the Air Conditioning market. The spread of COVID-19 had a detrimental influence on the market due to supply chain disruptions as a result of protracted plant closures around the world. The COVID-19 pandemic has broken out, and the situation is still uncertain. However, there are facts to consider. AC is a highly seasonal sales product and the manufacturers have been adversely impacted by the Covid-19 outbreak along with the lockdown imposed by the government as the sales have come to grinding halt during the peak sales season. During the first wave of the pandemic in March 2020, manufacturers faced were left with high inventory and no sales.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Air Conditioning Market Report Segment
By Application
- Residential
- Commercial
- Industrial
- Others
By Type
- Split Type & Window AC
- Rooftop
- Indoor Packaged Air Conditioners
- VRF
- Chillers
- Others (AHU/FCU)
By Refrigerant Type
- HCFC (Hydrochlorofluorocarbons)
- HFC (Hydrofluorocarbons)
- HFO ((Hydrofluoric-Olefin))
- Natural Refrigerant
Global Air Conditioning Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air conditioning market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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