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Regional Analysis

Global Air Conditioners (AC) Market Share, Size, Forecast; 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: Commercial, Residential; By Distribution Channel: Hypermarket, Electronic Stores, Online, Others; Regional Analysis; Competitive Landscape; 2024-2032

Air Conditioners (AC) Market Regional Analysis

Due to its rapid infrastructural development and growing population preference for lifestyle goods, the Asia Pacific region is anticipated to dominate the market. The market in the region is expanding as a result of a growing middle class, rising temperatures brought on by climate change, and increased consumer spending power. The market is also anticipated to be driven by rising commercial and residential development activity in various Asia Pacific countries, particularly in India and China, along with the consumer preferences for lifestyle items.

 

North American is expected to witness significant growth in the global air conditioners (AC) market primarily powered by replacement sales. The regional market is anticipated to rise as a result of ongoing technical advancements and increasing government promotional efforts to boost the adoption of energy-efficient air conditioning systems. A rise in use of smart thermostats and inverter air conditioners has contributed to the increased demand for air conditioning systems from both commercial and residential applications.

 

Air Conditioners (AC) Market Report Snapshots

Air Conditioners (AC) Market Size

Air Conditioners (AC) Market Analysis

Air Conditioners (AC) Companies

Air Conditioners (AC) Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Opportunities and Challenges in the Market
8    Global Air Conditioners (AC) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Air Conditioners (AC) Historical Market (2018-2023) 
    8.3    Global Air Conditioners (AC) Market Forecast (2024-2032)
    8.4    Global Air Conditioners (AC) Market by Type
        8.4.1    Window AC
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Central AC
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Mini Split AC
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Air Conditioners (AC) Market by Size
        8.5.1    <12K BTU
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2     12K-36K BTU
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3     36K-60K BTU
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
       8.5.4      60K+ BTU
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
 8.6    Global Air Conditioners (AC) Market by End Use
        8.6.1    Commercial
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Residential
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Air Conditioners (AC) Market by Distribution Channel
        8.7.1    Hypermarket
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Electronic Stores
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Online
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global Air Conditioners (AC) Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Air Conditioners (AC) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Air Conditioners (AC) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Air Conditioners (AC) Market  Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Air Conditioners (AC) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Air Conditioners (AC) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nortek
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    AB Electrolux
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    LG Electronics
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    DAIKIN INDUSTRIES, Ltd.,
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Fujitsu General Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Johnson Controls
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Air Conditioners (AC) Market: Key Industry Highlights, 2018 and 2032
2.    Global Air Conditioners (AC) Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Air Conditioners (AC) Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Air Conditioners (AC) Historical Market: Breakup by Size (USD Billion), 2018-2023
5.    Global Air Conditioners (AC) Market Forecast: Breakup by Size (USD Billion), 2024-2032
6.    Global Air Conditioners (AC) Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Air Conditioners (AC) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Air Conditioners (AC) Historical Market: Breakup by Distribution Channels (USD Billion), 2018-2023
9.    Global Air Conditioners (AC) Market Forecast: Breakup by Distribution Channels (USD Billion), 2024-2032
10.    Global Air Conditioners (AC) Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Air Conditioners (AC) Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Air Conditioners (AC) Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Air Conditioners (AC) Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Air Conditioners (AC) Market Structure

Key Questions Answered in the Report

In 2023, the global market reached a value of nearly USD 149.51 billion.

The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.

The major drivers of the market include the incorporation of air filters in air conditioners, inflating disposable incomes, growing middle class population, and rising temperatures due to climate change.

Growing consumer awareness regarding energy efficient cooling systems and emergence of technologically advanced air conditioners are the key industry trends.

The major regional markets are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various types of AC in the market are central AC, window AC, and mini split AC, among others.

Based on size, the market is divided into <12K BTU, 12K-36K BTU, 36K-60K BTU, and 60K+ BTU.

The end-uses of the market are commercial and residential.

The several distribution channels in the market 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 149.51 billion in 2023, 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 2024-2032.

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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