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Air Conditioning Systems - Global Market Trajectory & Analytics

  • ID: 338682
  • Report
  • May 2020
  • Region: Global
  • 248 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Air Conditioning Systems market worldwide will grow by a projected 37.4 Million Units, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.2%. Room Air Conditioner, one of the segments analyzed and sized in this study, is forecast to grow at over 4.4% and reach a market size of 132.7 Million Units by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Room Air Conditioner market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.7% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 933.8 Thousand Units to the region's size over the next 7 to 8 years. In addition, over 945.1 Thousand Units worth of projected demand in the region will come from Rest of the European markets. In Japan, the Room Air Conditioner segment will reach a market size of 6.9 Million Units by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Air Conditioning Systems market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7.9% over the next couple of years and add approximately 11.7 Million Units in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Air Conditioning Systems market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

AB Electrolux, Carrier Corp, Daikin Air Conditioning Saudi Arabia LLC, Daikin Airconditioning India Pvt. Ltd, Daikin Industries, Ltd, GE Appliances, Gree Electric Appliances Inc, Johnson Controls-Hitachi Air Conditioning, LG Electronics, Midea Group, Mitsubishi Heavy Industries Ltd, Panasonic Corp, Samsung Electronics Co, Ltd, Toshiba Carrier Corp, Trane Inc, Whirlpool Corp.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
AC Demand: An Indicator of Economic Health
RACs Continue to Champion the Cause for Global ACs Market
Strong Construction Activity to Drive Steady Growth in Air Conditioning Systems
Commercial Air Conditioning Market on Growth Path
Recent Market Activity
Market Outlook
Developed Markets Exhibit Modest Growth Prospects
Developing Markets to Turbocharge Future Growth
India and China - Major Growth Drivers
Impact Assessment of Recent Past Economic Upheavals on Air Conditioning Market
Competition
Key Competitive Factors
Increased Organizational Restructuring
Asian Players Call The Shots
Global Competitor Market Shares
Air Conditioning Systems Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
AB Electrolux (Sweden)
Carrier Corporation (USA)
Daikin Industries, Ltd. (Japan)
Daikin Airconditioning India Pvt. Ltd. (India)
Daikin Air Conditioning Saudi Arabia LLC (Saudi Arabia)
GE Appliances (USA)
Gree Electric Appliances Inc. (China)
Johnson Controls-Hitachi Air Conditioning (Japan)
LG Electronics (South Korea)
Midea Group (China)
Mitsubishi Heavy Industries Ltd. (Japan)
Panasonic Corporation (Japan)
Samsung Electronics Co. Ltd. (South Korea)
Toshiba Carrier Corporation (Japan)
Trane Inc. (USA)
Whirlpool Corporation (USA)

3. MARKET TRENDS & DRIVERS
GROWTH DRIVERS
Rise in Residential Construction Activity Fuels Market Expansion
Favorable Demographic and Economic Trends Strengthen Market Prospects
Ballooning Global Population Pushes Demand
Rapid Urbanization Spurs Demand for Household Appliances
Burgeoning Middle Class Population Stimulates Market Growth
Rising Standards of Living Drive Market Growth
Building Renovations & Home Restructuring Projects Offer Growth Opportunities
Transition in Family Systems Drive Demand
Online Sales Continue to Grab Market Share
Replacement Demand Presents Sizeable Market Opportunity
MARKET TRENDS, ISSUES & CHALLENGES
Split ACs and Mini-Splits Surge in Demand
Windows/Through the Wall ACs Face Competition from Split Models
AC Manufacturer Relocate Production Units to Low Cost Destinations
HVAC Industry - Buffeted by Change
Enhanced Energy Efficiency: The New Mantra in HVAC Systems
GHG Emissions Contribute to Global Warming
Low-GWP A/C Systems - The Answer to Reduced GHG Emissions
Energy Efficient Air Conditioning Systems on the Rise
Deployment of Environment-Friendly Refrigerants Increases in ACs
Green Refrigerants to Replace Hydro Fluorocarbons
Inverter Air Conditioners - The Current Flavor
Solar Powered ACs Grow in Demand
Market Challenges
Soaring Electricity Prices to Dampen Growth Prospects
Uncertain Weather Conditions Upset Market Growth
Rising Production Costs Lower Profit Margins for Manufacturers
TECHNOLOGICAL INNOVATIONS AND ADVANCEMENTS
Technological Advancements Driving A/C System's Energy Efficiency, while Minimizing GHG Emissions
Low-GWP Refrigerants - Policy Prospects
Developing Sustainable A/C Systems
Stanford Researchers Showcase New Refrigeration Cooling Method
Hybrid Liquid Desiccant Air Conditioning System for Reducing Consumption of Electrical Power
HECU Technology for Condensing Units Equipped with DC Compressors
Technology Innovations Spearhead Market Growth
Magnetic Air-Conditioning
Rising Popularity of Radio-Frequency-Based Technologies
HVAC Technologies Making Homes More Convenient
3-D Printed Air Conditioners
Wholly Automated Homes
Smart Homes
Geothermal Heating Pumps
Sensor-Driven Ventilation
Air Conditioning System Powered by Ice
Thermal Powered Air Conditioning System
Motion Activated Air Conditioning System

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Air Conditioning Systems Global Market Estimates and Forecasts in Thousand Units by Region/Country: 2020-2027
TABLE 2: Air Conditioning Systems Global Retrospective Market Scenario in Thousand Units by Region/Country: 2012-2019
TABLE 3: Air Conditioning Systems Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Room Air Conditioner (Product Segment) World Market by Region/Country in Thousand Units: 2020 to 2027
TABLE 5: Room Air Conditioner (Product Segment) Historic Market Analysis by Region/Country in Thousand Units: 2012 to 2019
TABLE 6: Room Air Conditioner (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Packaged Air Conditioner (Product Segment) Potential Growth Markets Worldwide in Thousand Units: 2020 to 2027
TABLE 8: Packaged Air Conditioner (Product Segment) Historic Market Perspective by Region/Country in Thousand Units: 2012 to 2019
TABLE 9: Packaged Air Conditioner (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Air Conditioning Systems Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 10: United States Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027
TABLE 11: Air Conditioning Systems Market in the United States by Product Segment: A Historic Review in Thousand Units for 2012-2019
TABLE 12: United States Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
CANADA
TABLE 13: Canadian Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
TABLE 14: Canadian Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2012-2019
TABLE 15: Air Conditioning Systems Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
JAPAN
TABLE 16: Japanese Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
TABLE 17: Air Conditioning Systems Market in Japan: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
TABLE 18: Japanese Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
CHINA
TABLE 19: Chinese Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
TABLE 20: Air Conditioning Systems Historic Market Analysis in China in Thousand Units by Product Segment: 2012-2019
TABLE 21: Chinese Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Air Conditioning Systems Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 22: European Air Conditioning Systems Market Demand Scenario in Thousand Units by Region/Country: 2020-2027
TABLE 23: Air Conditioning Systems Market in Europe: A Historic Market Perspective in Thousand Units by Region/Country for the Period 2012-2019
TABLE 24: European Air Conditioning Systems Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
TABLE 26: Air Conditioning Systems Market in Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
TABLE 27: European Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
FRANCE
TABLE 28: Air Conditioning Systems Market in France by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027
TABLE 29: French Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2012-2019
TABLE 30: French Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
GERMANY
TABLE 31: Air Conditioning Systems Market in Germany: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027
TABLE 32: German Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 33: German Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ITALY
TABLE 34: Italian Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
TABLE 35: Air Conditioning Systems Historic Market Analysis in Italy in Thousand Units by Product Segment: 2012-2019
TABLE 36: Italian Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 37: United Kingdom Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
TABLE 38: Air Conditioning Systems Market in the United Kingdom: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
TABLE 39: United Kingdom Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
SPAIN
TABLE 40: Spanish Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
TABLE 41: Spanish Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2012-2019
TABLE 42: Air Conditioning Systems Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
RUSSIA
TABLE 43: Russian Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027
TABLE 44: Air Conditioning Systems Market in Russia by Product Segment: A Historic Review in Thousand Units for 2012-2019
TABLE 45: Russian Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 46: Rest of Europe Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
TABLE 47: Air Conditioning Systems Market in Rest of Europe in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 49: Asia-Pacific Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Region/Country: 2020-2027
TABLE 50: Air Conditioning Systems Market in Asia-Pacific: Historic Market Analysis in Thousand Units by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Air Conditioning Systems Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Air Conditioning Systems Market in Asia-Pacific by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027
TABLE 53: Asia-Pacific Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2012-2019
TABLE 54: Asia-Pacific Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 55: Air Conditioning Systems Market in Australia: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027
TABLE 56: Australian Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 57: Australian Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
INDIA
TABLE 58: Indian Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
TABLE 59: Indian Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2012-2019
TABLE 60: Air Conditioning Systems Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
SOUTH KOREA
TABLE 61: Air Conditioning Systems Market in South Korea: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2027
TABLE 62: South Korean Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 63: Air Conditioning Systems Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 64: Rest of Asia-Pacific Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
TABLE 65: Air Conditioning Systems Market in Rest of Asia-Pacific: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
TABLE 66: Rest of Asia-Pacific Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 67: Latin American Air Conditioning Systems Market Trends by Region/Country in Thousand Units: 2020-2027
TABLE 68: Air Conditioning Systems Market in Latin America in Thousand Units by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Air Conditioning Systems Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
TABLE 71: Air Conditioning Systems Historic Market Analysis in Latin America in Thousand Units by Product Segment: 2012-2019
TABLE 72: Latin American Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 73: Argentinean Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
TABLE 74: Air Conditioning Systems Market in Argentina in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
TABLE 75: Argentinean Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
BRAZIL
TABLE 76: Air Conditioning Systems Market in Brazil by Product Segment: Estimates and Projections in Thousand Units for the Period 2020-2027
TABLE 77: Brazilian Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2012-2019
TABLE 78: Brazilian Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
MEXICO
TABLE 79: Air Conditioning Systems Market in Mexico: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027
TABLE 80: Mexican Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 81: Mexican Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 82: Rest of Latin America Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027
TABLE 83: Air Conditioning Systems Market in Rest of Latin America by Product Segment: A Historic Review in Thousand Units for 2012-2019
TABLE 84: Rest of Latin America Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 85: The Middle East Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Region/Country: 2020-2027
TABLE 86: Air Conditioning Systems Market in the Middle East by Region/Country in Thousand Units: 2012-2019
TABLE 87: The Middle East Air Conditioning Systems Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020 to 2027
TABLE 89: The Middle East Air Conditioning Systems Historic Market by Product Segment in Thousand Units: 2012-2019
TABLE 90: Air Conditioning Systems Market in the Middle East: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
IRAN
TABLE 91: Iranian Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2020-2027
TABLE 92: Air Conditioning Systems Market in Iran: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2012-2019
TABLE 93: Iranian Air Conditioning Systems Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
ISRAEL
TABLE 94: Israeli Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2020-2027
TABLE 95: Air Conditioning Systems Market in Israel in Thousand Units by Product Segment: A Historic Review for the Period 2012-2019
TABLE 96: Israeli Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 97: Saudi Arabian Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2020-2027
TABLE 98: Air Conditioning Systems Historic Market Analysis in Saudi Arabia in Thousand Units by Product Segment: 2012-2019
TABLE 99: Saudi Arabian Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 100: Air Conditioning Systems Market in the United Arab Emirates: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2027
TABLE 101: United Arab Emirates Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 102: Air Conditioning Systems Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 103: Air Conditioning Systems Market in Rest of Middle East: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2020-2027
TABLE 104: Rest of Middle East Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2012-2019
TABLE 105: Rest of Middle East Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
AFRICA
TABLE 106: African Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2020 to 2027
TABLE 107: Air Conditioning Systems Market in Africa by Product Segment: A Historic Review in Thousand Units for 2012-2019
TABLE 108: African Air Conditioning Systems Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 110
Note: Product cover images may vary from those shown
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