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Global Central Air Conditioning Market: By Type: Split System, Packaged Unit, Rooftop System; By Application: Residential, Commercial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Central Air Conditioning Market Outlook
The global central air conditioning market is expected to grow at a CAGR of 6.7% during the period 2023-2028. The market is expected to be driven by changing climatic conditions and growing demand from the commercial construction sector. North America, Europe and Asia are expected to be key markets.
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Global Market Likely to be Driven by Demand for Energy-efficient Central Air Conditioning Solutions and Consumers’ Desire for Increased Comfort
Increasing income levels, modernization and rising standards of living are significantly influencing the domestic and the commercial HVAC industry, and demand for technologically advanced and energy-efficient central air conditioning systems is increasing. In the commercial construction industry, the selection of an appropriate central air conditioning system is important as a wrong selection could increase initial or running costs of the system and decrease comfort and indoor air quality.
Central air conditioning is a system wherein air is cooled at a central location and distributed to and from rooms by one or several fans and ductwork. In central air conditioning systems, cool air is circulated through an arrangement of supply and return conduits. Supply channels and registers (i.e., cavities in walls, floors, or ceilings covered with grills) transfer cool air from the air conditioner to the house. As this cooled air warms while circulating through the house, it drifts back to the central air conditioner through return ducts and registers. Central air conditioners are more efficient, quiet, easy to operate and convenient than room air conditioners. A central air conditioning system is generally used to cool houses, factories, big buildings, offices, hotels, etc. For big areas to cool, central air conditioning is probably the most appropriate alternative.
A central air conditioner may be a split-system unit or a packaged unit. In a split-type central air conditioning system, an outdoor cabinet holds the outdoor heat exchanger, fan, and compressor, while an indoor cabinet holds the indoor heat exchanger and blower. In several split-system air conditioners, the indoor cabinet may hold a furnace or an indoor heat exchanger of a heat pump. If a house already has a furnace but not an air conditioner, a split-system may be an economical alternative.
In a packaged system, the heat exchangers, compressor, fan, and blower are held in a cabinet; the cabinet is generally kept on a roof or on a concrete slab next to the foundation of the house. This kind of air conditioning system is also employed in small commercial buildings. Supply and return ducts extend from the interiors through the structure’s exterior wall or roof to link with the packaged air conditioner. Packaged air conditioning systems generally include electric heating coils or a natural gas furnace. The grouping of air conditioner and central heater does away with the need for a separate furnace.
Efficient and High-performance Central Air Conditioning Solutions Expected to Drive Market Growth
Several leading companies offer efficient solutions that deliver high performance. These include American Standard, Heil, Trane, Bryant, Goodman, Amana, Carrier, York, Lennox, Rheem, etc. Each brand offers unique central air conditioning features and characteristics such as high energy efficiency, silent functioning, greater reliability, attractive warranty cover, smart home options, extensive range, cost-efficiency, good customer care, etc.
However, higher costs associated with some solutions might hinder market growth.
Global Central Air Conditioning Market Segmentation
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By type, the market is segmented into:
- Split System
- Packaged Unit
- Rooftop System
By application, the market is divided into:
- Residential
- Commercial
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Central Air Conditioning Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Daikin Industries Ltd.
- Carrier Corporation
- Lennox International Inc.
- Blue Star Limited
- Fujitsu General Limited
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Central Air Conditioning Market Analysis
8.1 Key Industry Highlights
8.2 Global Central Air Conditioning Historical Market (2018-2022)
8.3 Global Central Air Conditioning Market Forecast (2023-2028)
8.4 Global Central Air Conditioning Market by Type
8.4.1 Split System
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Packaged Unit
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Rooftop System
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Central Air Conditioning Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Central Air Conditioning Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Central Air Conditioning Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Central Air Conditioning Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Central Air Conditioning Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Central Air Conditioning Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Central Air Conditioning Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 Daikin Industries Ltd.
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 Carrier Corporation
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 Lennox International Inc.
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 Blue Star Limited
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 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Central Air Conditioning Market: Key Industry Highlights, 2018 and 2028
2. Global Central Air Conditioning Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Central Air Conditioning Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Central Air Conditioning Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Central Air Conditioning Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Central Air Conditioning Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Central Air Conditioning Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Central Air Conditioning Market Structure
Key Questions Answered in the Report
The global central air conditioning market is projected to grow at a CAGR of 6.7% between 2023 and 2028.
The major drivers of the market include the increasing income levels, modernisation, rising standards of living, technologically advanced concepts, use of artificial intelligence and the internet of things (IoT), and high investment in the research and development of efficient products.
The changing climatic conditions and growing demand from the commercial construction sector are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is divided into split system, packaged unit, and rooftop system.
The major applications are residential and commercial.
The major players in the industry are Daikin Industries Ltd., Carrier Corporation, Lennox International Inc., Blue Star Limited, and Fujitsu General Limited, among others.
Analyst Review
The global central air conditioning market was driven by the changing climatic conditions in the historical period. Aided by the technologically advanced concepts and growing demand from the commercial construction sector, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.7%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into split system, packaged unit, and rooftop system. The major applications are residential and commercial. The major regional markets for central air conditioning are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Daikin Industries Ltd., Carrier Corporation, Lennox International Inc., Blue Star Limited, and Fujitsu General Limited, 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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