Global Air Conditioning Market to Reach $19.65 Billion During 2023-2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Air Conditioning Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The air conditioning market is forecast to grow by $19.65 bn during 2022-2027, accelerating at a CAGR of 2.87% during the forecast period. The report on the air conditioning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in residential construction activity, product innovation leading to portfolio extension and product premiumization, and increasing demand for inverter air conditioners.

The air conditioning market is segmented as below:

By Product

• Splits
• Chillers
• Airside
• Others

By Distribution Channel

• Offline
• Online

By Geographical Landscape

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the increase in the use of R32 refrigerant in split ACs as one of the prime reasons driving the air conditioning market growth during the next few years. Also, increased adoption of omnichannel distribution and multichannel marketing and the introduction of smart hybrid air conditioners will lead to sizable demand in the market.

The report on the air conditioning market covers the following areas:

• Air conditioning market sizing
• Air conditioning market forecast
• Air conditioning market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading air conditioning market vendors that include AB Electrolux, Blue Star Ltd., Daikin Industries Ltd., DeLonghi Appliances S.r.l., Emerson Electric Co., Fujitsu Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, LG Electronics Inc., MIDEA Group, Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Trane Technologies Plc, Transform Holdco LLC, Toshiba Corp., Voltas Ltd., and Whirlpool Corp. Also, the air conditioning market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

A selection of companies mentioned in this report includes

• AB Electrolux
• Blue Star Ltd.
• Daikin Industries Ltd.
• DeLonghi Appliances S.r.l.
• Emerson Electric Co.
• Fujitsu Ltd.
• Haier Smart Home Co. Ltd.
• Hitachi Ltd.
• Honeywell International Inc.
• Johnson Controls International Plc
• LG Electronics Inc.
• MIDEA Group
• Mitsubishi Electric Corp.
• Panasonic Holdings Corp.
• Samsung Electronics Co. Ltd.
• Trane Technologies Plc
• Transform Holdco LLC
• Toshiba Corp.
• Voltas Ltd.
• Whirlpool Corp.

For more information about this report visit https://www.researchandmarkets.com/r/e82yuh

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