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Global Air Conditioners (AC) Market: By Type: Window AC, Central AC, Mini Split AC, Others; By Size: <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU; By End Use; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Air Conditioners (AC) Market Outlook

The global air conditioners (AC) market attained a value of about USD 131.08 billion in 2021. The market is further expected to grow at a CAGR of 6.8% during the forecast period of 2022-2027.

 

The Necessity of Air Conditioners (AC) is Driving the Growth of the Market

The global market for air conditioners is being driven by the commonality of air conditioning systems in residential, commercial, transportation, and religious places like temples and churches, among others. Owing to the rising temperatures as a result of global warming, air conditioners are rapidly becoming a necessity than a luxury, which is a major factor influencing the growth of the market positively. The market growth can further be associated with the introduction of energy-efficient air conditioning and the rising consumer inclination towards portable ACs.

 

Global Air Conditioners (AC) Market

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In addition to this, the inflating disposable incomes, growing purchasing power, and the availability of different sizes and shapes of air conditioners in the market are further proving impetus to the market growth. The market, however, witnessed a restrained growth due to supply chain restrictions and limited consumer spending amidst the global pandemic in 2020. Nevertheless, the market is exhibiting a healthy growth with the recommencement of international trade, reopening of hypermarkets and electronic stores, and boom of e-commerce.

 

Air Conditioners: Industry Definition and Segmentation

Air conditioners refer to a system that is used to cool down the temperature of an indoor environment by eradicating the existing heat and moisture. Most commonly, air conditioners are available in three types, including window AC, central AC, and mini split AC, depending upon the size of the room.

On the basis of type, the market can be segmented into:

  • Window AC
  • Central AC
  • Mini Split AC
  • Others

Based on size, the market can be divided into:

  • <12K BTU
  • 12K-36K BTU
  • 36K-60K BTU
  • 60K+ BTU

The market, based on end-user, can be categorised into:

  • Commercial
  • Residential

On the basis of distribution channel, the market can be classified into:

  • Hypermarkets
  • Electronic Stores
  • Online
  • Others

The EMR report looks into the regional markets of air conditioners (AC) like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Rising Popularity of Energy Efficient ACs Fitted with Air Purifiers Boosting the Market Growth of Air Conditioners

The growth in the market can be attributed to the constantly advancing air conditioning technology. Growing consumer awareness regarding energy efficient cooling systems, which not only aid in cutting down electricity bills but are also environmentally sustainable, the demand for such air conditioners is rapidly gaining consumer attention, and hence propelling the market growth. In addition to energy efficient ACs, the incorporation of air filters in air conditioners to improve the air quality by removing pollutants like dust and dirt is another growth driving factor of the market.

With the increasing human population, air pollution is also rising from different sources, which is giving rise to many health problems, such as asthma and bronchitis, the demand for air conditioners equipped with air filters that are capable of removing pollen, bacteria, and viruses, among others, are invigorating the market growth.

 

Key Industry Players in the Global Air Conditioners (AC) Market

The report presents a detailed analysis of the following key players in the global air conditioners (AC) market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • Nortek
  • AB Electrolux
  • LG Electronics
  • DAIKIN INDUSTRIES, Ltd.,
  • Fujitsu General Limited
  • Johnson Controls
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Size, End Use, Distribution Channel, Region
Breakup by Type Window AC, Central AC, Mini Split AC, Others
Breakup by Size <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU
Breakup by End Use Commercial, Residential
Breakup by Distribution Channel Hypermarkets, Electronic Stores, Online, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd.,, Fujitsu General Limited, Johnson Controls, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Air Conditioners (AC) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Air Conditioners (AC) Historical Market (2017-2021) 
    8.3    Global Air Conditioners (AC) Market Forecast (2022-2027)
    8.4    Global Air Conditioners (AC) Market by Type
        8.4.1    Window AC
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Central AC
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Mini Split AC
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Air Conditioners (AC) Market by Size
        8.5.1    <12K BTU
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2     12K-36K BTU
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3     36K-60K BTU
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
       8.5.4      60K+ BTU
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
 8.6    Global Air Conditioners (AC) Market by End Use
        8.6.1    Commercial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Residential
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Air Conditioners (AC) Market by Distribution Channel
        8.7.1    Hypermarket
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Electronic Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Air Conditioners (AC) Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    Germany
            9.2.3.2    United Kingdom
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    India
            9.3.3.3    Japan
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nortek
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AB Electrolux
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    LG Electronics
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    DAIKIN INDUSTRIES, Ltd.,
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Fujitsu General Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Johnson Controls
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Air Conditioners (AC) Market: Key Industry Highlights, 2017 and 2027
2.    Global Air Conditioners (AC) Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Air Conditioners (AC) Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Air Conditioners (AC) Historical Market: Breakup by Size (USD Billion), 2017-2021
5.    Global Air Conditioners (AC) Market Forecast: Breakup by Size (USD Billion), 2022-2027
6.    Global Air Conditioners (AC) Historical Market: Breakup by End Use (USD Billion), 2017-2021
7.    Global Air Conditioners (AC) Market Forecast: Breakup by End Use (USD Billion), 2022-2027
8.    Global Air Conditioners (AC) Historical Market: Breakup by Distribution Channels (USD Billion), 2017-2021
9.    Global Air Conditioners (AC) Market Forecast: Breakup by Distribution Channels (USD Billion), 2022-2027
10.    Global Air Conditioners (AC) Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Air Conditioners (AC) Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Air Conditioners (AC) Market Structure

Key Questions Answered in the Report

The global air conditioners (AC) market attained a value of nearly USD 131.08 billion in 2021.

The market is projected to grow at a CAGR of 6.8% in the forecast period of 2022-2027.

The market is being driven by the rising demand for air conditioning systems due to  rising temperatures and rising disposable incomes.

The development of energy efficient air conditioning systems equipped with air filters to improve air quality by removing pollutants, dust, and dirt from the environment is boosting the growth of the market.

The major regional markets for air conditioners (AC) are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The major types of air conditioners (AC) are window AC, central AC, and mini split AC, among others.

The different sizes of air conditioners are under <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU.

The significant end uses of air conditioners are commercial and residential.

The various distribution channels of air conditioners are hypermarket, electronic stores, and online, among others.

The major players in the industry are Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others.

Analyst Review

The global air conditioners (AC) market attained a value of about USD 131.08 billion in 2021, driven by the commonality of air conditioning systems in commercial and residential settings. Aided by the introduction of energy efficient air conditioners, the market is expected to grow at a CAGR of 6.8% in the forecast period of 2022-2027.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. Based on type, the market can be segmented into window AC, central AC, and mini split AC, among others. The market, based on size, can be categorised into <12K BTU, 12K-36K BTU, 36K-60K BTU, 60K+ BTU. On the basis of end use, the market classifications include commercial and residential. Based on distribution channel, the market can be divided into hypermarkets, electronic stores, and online, among others. The major regional markets for air conditioners (AC) are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the above industry are Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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