Global Air Conditioning Systems Market Growth 2023-2029

Global Air Conditioning Systems Market Growth 2023-2029

Product Code:455482

Published Date: Feb 08,2023

Pages: 107

Region: Global

Category: Machinery & Equipment

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Air conditioning (often referred to as AC, A/C) is the process of removing heat and moisture from the interior of an occupied space, to improve the comfort of occupants. Air conditioning can be used in both domestic and commercial environments. This process is most commonly used to achieve a more comfortable interior environment, typically for humans and other animals; however, air conditioning is also used to cool/dehumidify rooms filled with heat-producing electronic devices, such as computer servers, power amplifiers, and even to display and store some delicate products, such as artwork.

LPI (LP Information)' newest research report, the “Air Conditioning Systems Industry Forecast” looks at past sales and reviews total world Air Conditioning Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Air Conditioning Systems sales for 2023 through 2029. With Air Conditioning Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air Conditioning Systems industry.

This Insight Report provides a comprehensive analysis of the global Air Conditioning Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air Conditioning Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Air Conditioning Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Conditioning Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air Conditioning Systems.

The global Air Conditioning Systems market size is projected to grow from US$ 102520 million in 2022 to US$ 197950 million in 2029; it is expected to grow at a CAGR of 197950 from 2023 to 2029.

Global Air Conditioning Systems key players include Gree, Midea, Daikin, Haier, Johnson Controls–Hitachi, etc. Global top five manufacturers hold a share about 65%.

Asia-Pacific is the largest market, with a share about 65%, followed by North America and Europe, both have a share about 30 percent. 
In terms of product, Split Air Conditioner is the largest segment, with a share over 50%. And in terms of application, the largest application is Residential, followed by Commercial.

This report presents a comprehensive overview, market shares, and growth opportunities of Air Conditioning Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Split Air Conditioner
    Vertical Air Conditioner
    Chillers

Segmentation by application
    Residential
    Commercial

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Gree
    Midea
    Daikin
    Haier
    Johnson Controls–Hitachi
    TCL
    AUX
    Mitsubishi Electric
    Hisense
    Toshiba Carrier
    Trane
    Changhong
    Chigo
    Sharp

Key Questions Addressed in this Report
What is the 10-year outlook for the global Air Conditioning Systems market?
What factors are driving Air Conditioning Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Air Conditioning Systems market opportunities vary by end market size?
How does Air Conditioning Systems break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?