Air Conditioning Global Industry Analysis and Outlook 2030

Written by saurabh » Updated on: November 19th, 2024

Projection of Revenue Growth:

The Air Conditioning Market size was valued at US$ 162.81 Bn in 2023 and the total revenue is expected to grow at 9.8% through 2024 to 2030, reaching nearly US$ 313.25 Bn.

Air Conditioning Market Overview

Maximize Market Research has recently published a report on the Air Conditioning market, combining primary and secondary data that has been meticulously analyzed by domain experts. The report offers insights into the Air Conditioning market from both global and regional perspectives.

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Air Conditioning Market Report Scope and Research Methodology

The Air Conditioning report highlights the competitive dynamics of the global Air Conditioning market, offering valuable insights into both national and international competition. Expert analysts have detailed the profiles of major players, considering crucial factors such as operational domains, production capacities, and product offerings. The report thoroughly evaluates these companies using key indicators like company size, market share, growth, revenue, production volume, and profits.

Air Conditioning Market Regional Insights

The report offers an in-depth analysis of the growth trends in the global Air Conditioning market, focusing on key regions such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, each of which plays a crucial role in shaping the market's global dynamics.

Air Conditioning Market Segmentation

by Technology

Manual/Semi-automatic Air conditioning

Automatic air conditioning

by Component

Compressor

Evaporator

Fan

Condenser Coil

by Product

Room/Unitary Air Conditioners

Chillers

VRF Systems

Coolers

Others

by End-User

Automotive

Commercial

Industrial

Residential

Air Conditioning Market Key Players

1. Daikin Industries Ltd.

2. Gree Electrical Appliances, Inc. of Zhuhai

3. United Technologies Corporation

4. Midea Group Co. Ltd.

5. Hitachi-Johnson Controls Air Conditioning, Inc.

6. Ingersoll-Rand plc.

7. LG Electronics Inc.

8. Qingdao Haier Co. Ltd.

9. Panasonic Corporation

10. Toshiba Corporation

11. Eberspaecher

12. Hanon Systems

13. Keihin Corporation

14. Sanden Holdings Corporation

15. Mitsubishi Heavy Industries Ltd.

16. Subros Limited

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Conclusion:

The global Air Conditioning Market, valued at USD 162.81 billion in 2023, is anticipated to expand significantly, reaching nearly USD 313.25 billion by 2030, driven by a robust CAGR of 9.8%. This growth is fueled by the increasing necessity of air conditioning systems in both residential and commercial settings, propelled by rising disposable incomes, advancements in technology, and heightened demand for energy-efficient solutions. Despite the challenges posed by high initial costs and strict regulations, the market is rebounding from pandemic-induced disruptions, with substantial growth in regions such as Asia-Pacific and North America. The evolving landscape of air conditioning technology and applications is set to reshape the market, offering substantial opportunities for innovation and expansion.

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