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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 (2017-2027); 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 2022-2027. 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.

 

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

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

 

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 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
  • Application
  • Region
Breakup by Type
  • Split System
  • Packaged Unit
  • Rooftop System
Breakup by Application
  • Residential 
  • Commercial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Daikin Industries Ltd.
  • Carrier Corporation
  • Lennox International Inc.
  • Blue Star Limited
  • Fujitsu General Limited
  • 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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Central Air Conditioning Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Central Air Conditioning Historical Market (2017-2021) 
    8.3    Global Central Air Conditioning Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Packaged Unit
            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    Rooftop System
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Central Air Conditioning  Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    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 of America 
            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    United Kingdom
            9.2.3.2    Germany
            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    Japan
            9.3.3.3    India
            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    Key Indicators for Demand
    10.4    Key Indicators for Price 
11    Value Chain Analysis
12    Competitive Landscape 

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Daikin Industries Ltd.
            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    Carrier Corporation
            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    Lennox International Inc.
            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    Blue Star Limited
            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    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Central Air Conditioning Market: Key Industry Highlights, 2017 and 2027
2.    Global Central Air Conditioning Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Central Air Conditioning Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Central Air Conditioning Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Central Air Conditioning Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Central Air Conditioning Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Central Air Conditioning Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Central Air Conditioning Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Central Air Conditioning Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2022 and 2027.

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 2022-2027, 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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