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Global Commercial Air Condition (AC) Market to Reach a Volume of 28.66 million units by 2032, Aided by Adoption of Energy Efficient Smart Air Conditions

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Commercial Air Conditioner (AC) Market

Global Commercial Air Conditioner (AC) Market Size, Forecast: By Type: Chillers, Split Units, Packaged Unit, Variable Refrigerant Flow (VRF), Others; By Installation Type: New Installation, Retrofit; By End User: Healthcare, Educational/ Institutional, Public/ Government, Retail, Others; Regional Analysis; Competitive Landscape; 2024-2032

*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 Commercial Air Conditioner (AC) Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Commercial Air Conditioner (AC) Historical Market (2018-2023) 
    8.3    Global Commercial Air Conditioner (AC) Market Forecast (2024-2032)
    8.4    Global Commercial Air Conditioner (AC) Market by Type
        8.4.1    Chillers
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Split Units 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Packaged Unit
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Variable Refrigerant Flow (VRF)
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Commercial Air Conditioner (AC) Market by Installation Type
        8.5.1    New Installation
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Retrofit
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Commercial Air Conditioner (AC) Market by End User 
        8.6.1    Healthcare
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Educational/ Institutional 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Public/ Government
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Retail
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Hospitality
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Manufacturing 
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
    8.7    Global Commercial Air Conditioner (AC) Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Commercial Air Conditioner (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 Commercial  Air Conditioner (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 Commercial Air Conditioner (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 Commercial Air Conditioner (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 Commercial Air Conditioner (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    Johnson Controls International plc
            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    LG Electronics Inc.
            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    Mitsubishi Electric Corporation
            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 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    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Commercial Air Conditioner (AC) Market: Key Industry Highlights, 2018 and 2032
2.    Global Commercial Air Conditioner (AC) Historical Market: Breakup by Type (Million Units), 2018-2023
3.    Global Commercial Air Conditioner (AC) Market Forecast: Breakup by Type (Million Units), 2024-2032
4.    Global Commercial Air Conditioner (AC) Historical Market: Breakup by Installation Type (Million Units), 2018-2023
5.    Global Commercial Air Conditioner (AC) Market Forecast: Breakup by Installation Type (Million Units), 2024-2032
6.    Global Commercial Air Conditioner (AC) Historical Market: Breakup by End User (Million Units), 2018-2023
7.    Global Commercial Air Conditioner (AC) Market Forecast: Breakup by End User (Million Units), 2024-2032
8.    Global Commercial Air Conditioner (AC) Historical Market: Breakup by Region (Million Units), 2018-2023
9.    Global Commercial Air Conditioner (AC) Market Forecast: Breakup by Region (Million Units), 2024-2032
10.    North America Commercial Air Conditioner (AC) Historical Market: Breakup by Country (Million Units), 2018-2023
11.    North America Commercial Air Conditioner (AC) Market Forecast: Breakup by Country (Million Units), 2024-2032
12.    Europe Commercial Air Conditioner (AC) Historical Market: Breakup by Country (Million Units), 2018-2023
13.    Europe Commercial Air Conditioner (AC) Market Forecast: Breakup by Country (Million Units), 2024-2032
14.    Asia Pacific Commercial Air Conditioner (AC) Historical Market: Breakup by Country (Million Units), 2018-2023
15.    Asia Pacific Commercial Air Conditioner (AC) Market Forecast: Breakup by Country (Million Units), 2024-2032
16.    Latin America Commercial Air Conditioner (AC) Historical Market: Breakup by Country (Million Units), 2018-2023
17.    Latin America Commercial Air Conditioner (AC) Market Forecast: Breakup by Country (Million Units), 2024-2032
18.    Middle East and Africa Commercial Air Conditioner (AC) Historical Market: Breakup by Country (Million Units), 2018-2023
19.    Middle East and Africa Commercial Air Conditioner (AC) Market Forecast: Breakup by Country (Million Units), 2024-2032
20.    Global Commercial Air Conditioner (AC) Market Structure

Key Questions Answered in the Report

What was the global commercial air conditioner (AC) market size in 2023?

In 2023, the global commercial air conditioner (AC) market attained a volume of nearly 19.53 million units.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 28.66 million units by 2032.

What are the major industry drivers?

The major drivers of the industry, such as the increasing population, rapid industrialisation and urbanisation, rising disposable income, and growing technological advancements, are expected to aid the growth of the market.

What are the key industry trends of the global commercial air conditioner (AC) market?

The key market trends guiding the growth of the industry include the constantly worsening atmospheric conditions and the growing demand for energy-efficient AC units.

What are the major regional markets of commercial air conditioner (AC), according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the different types of commercial air conditioner (AC)?

Chillers, split units, packaged unit, and variable refrigerant flow (VRF), among others are the different types of the product.

What are the major segments based on installation type, considered within the market report?

The major installation types considered within the market report are new installation and retrofit.

What are the significant end users of commercial air conditioner (AC) in the industry?

The end user includes healthcare, educational/ institutional, public/ government, retail, hospitality, and manufacturing.

Who are the key industry players, according to the report?

The major players in the industry are Johnson Controls International plc, LG Electronics Inc., Mitsubishi Electric Corporation, and Daikin Industries Limited, among others.

Analyst Review

The global commercial air conditioner (AC) market attained a volume of 19.53 million units in 2023, driven by the rapidly increasing population and urbanisation. Aided by the growing consumer preference for energy-efficient AC units, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.4%. The market is projected to reach 28.66 million units by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market can be categorised into chillers, split units, packaged unit, and variable refrigerant flow (VRF), among others. Based on installation type, the industry can be divided into new installation and retrofit. Based on end user, the market can be divided into healthcare, educational/ institutional, public/ government, retail, hospitality, and manufacturing. The major regional markets for commercial air conditioner (AC) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Johnson Controls International plc, LG Electronics Inc., Mitsubishi Electric Corporation, and Daikin Industries 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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