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Air Conditioning Systems - Market Analysis, Trends, and Forecasts

  • ID: 338682
  • Report
  • February 2020
  • Region: Global
  • 158 Pages
  • Global Industry Analysts, Inc
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Air Conditioning Systems market worldwide is projected to grow by 48.6 Million Units, driven by a compounded growth of 5.5%. Room Air Conditioner, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 137.7 Million Units by the year 2025, Room Air Conditioner will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 4.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 1.7 Million Units to the region's size and clout in the next 5 to 6 years. Over 1.4 Million Units worth of projected demand in the region will come from Rest of Europe markets. In Japan, Room Air Conditioner will reach a market size of 7.8 Million Units by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.8% over the next couple of years and add approximately 14.5 Million Units in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. 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 Industries, Ltd.
  • Daikin Airconditioning India Pvt. Ltd.
  • Daikin Air Conditioning Saudi Arabia LLC
  • 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.
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

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: 2018-2025

TABLE 2: Air Conditioning Systems Global Retrospective Market Scenario in Thousand Units by Region/Country: 2009-2017

TABLE 3: Air Conditioning Systems Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Room Air Conditioner (Product Segment) World Market by Region/Country in Thousand Units: 2018 to 2025

TABLE 5: Room Air Conditioner (Product Segment) Historic Market Analysis by Region/Country in Thousand Units: 2009 to 2017

TABLE 6: Room Air Conditioner (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Packaged Air Conditioner (Product Segment) Potential Growth Markets Worldwide in Thousand Units: 2018 to 2025

TABLE 8: Packaged Air Conditioner (Product Segment) Historic Market Perspective by Region/Country in Thousand Units: 2009 to 2017

TABLE 9: Packaged Air Conditioner (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

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: 2018 to 2025

TABLE 11: Air Conditioning Systems Market in the United States by Product Segment: A Historic Review in Thousand Units for 2009-2017

TABLE 12: United States Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

CANADA

TABLE 13: Canadian Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 14: Canadian Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2009-2017

TABLE 15: Air Conditioning Systems Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

JAPAN

TABLE 16: Japanese Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2018-2025

TABLE 17: Air Conditioning Systems Market in Japan: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 18: Japanese Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

CHINA

TABLE 19: Chinese Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 20: Air Conditioning Systems Historic Market Analysis in China in Thousand Units by Product Segment: 2009-2017

TABLE 21: Chinese Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

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: 2018-2025

TABLE 23: Air Conditioning Systems Market in Europe: A Historic Market Perspective in Thousand Units by Region/Country for the Period 2009-2017

TABLE 24: European Air Conditioning Systems Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 25: European Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 26: Air Conditioning Systems Market in Europe in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 27: European Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

FRANCE

TABLE 28: Air Conditioning Systems Market in France by Product Segment: Estimates and Projections in Thousand Units for the Period 2018-2025

TABLE 29: French Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2009-2017

TABLE 30: French Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

GERMANY

TABLE 31: Air Conditioning Systems Market in Germany: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2025

TABLE 32: German Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 33: German Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ITALY

TABLE 34: Italian Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 35: Air Conditioning Systems Historic Market Analysis in Italy in Thousand Units by Product Segment: 2009-2017

TABLE 36: Italian Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 38: Air Conditioning Systems Market in the United Kingdom: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 39: United Kingdom Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

SPAIN

TABLE 40: Spanish Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 41: Spanish Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2009-2017

TABLE 42: Air Conditioning Systems Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

RUSSIA

TABLE 43: Russian Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2018 to 2025

TABLE 44: Air Conditioning Systems Market in Russia by Product Segment: A Historic Review in Thousand Units for 2009-2017

TABLE 45: Russian Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 46: Rest of Europe Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 47: Air Conditioning Systems Market in Rest of Europe in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 48: Rest of Europe Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 49: Asia-Pacific Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Region/Country: 2018-2025

TABLE 50: Air Conditioning Systems Market in Asia-Pacific: Historic Market Analysis in Thousand Units by Region/Country for the Period 2009-2017

TABLE 51: Asia-Pacific Air Conditioning Systems Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

TABLE 52: Air Conditioning Systems Market in Asia-Pacific by Product Segment: Estimates and Projections in Thousand Units for the Period 2018-2025

TABLE 53: Asia-Pacific Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2009-2017

TABLE 54: Asia-Pacific Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 55: Air Conditioning Systems Market in Australia: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2025

TABLE 56: Australian Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 57: Australian Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

INDIA

TABLE 58: Indian Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 59: Indian Air Conditioning Systems Historic Market Review by Product Segment in Thousand Units: 2009-2017

TABLE 60: Air Conditioning Systems Market in India: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

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 2018-2025

TABLE 62: South Korean Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 63: Air Conditioning Systems Market Share Distribution in South Korea by Product Segment: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 65: Air Conditioning Systems Market in Rest of Asia-Pacific: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 66: Rest of Asia-Pacific Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

LATIN AMERICA

TABLE 67: Latin American Air Conditioning Systems Market Trends by Region/Country in Thousand Units: 2018-2025

TABLE 68: Air Conditioning Systems Market in Latin America in Thousand Units by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 69: Latin American Air Conditioning Systems Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

TABLE 70: Latin American Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 71: Air Conditioning Systems Historic Market Analysis in Latin America in Thousand Units by Product Segment: 2009-2017

TABLE 72: Latin American Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

ARGENTINA

TABLE 73: Argentinean Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 74: Air Conditioning Systems Market in Argentina in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 75: Argentinean Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

BRAZIL

TABLE 76: Air Conditioning Systems Market in Brazil by Product Segment: Estimates and Projections in Thousand Units for the Period 2018-2025

TABLE 77: Brazilian Air Conditioning Systems Historic Market Scenario in Thousand Units by Product Segment: 2009-2017

TABLE 78: Brazilian Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

MEXICO

TABLE 79: Air Conditioning Systems Market in Mexico: Recent Past, Current and Future Analysis in Thousand Units by Product Segment for the Period 2018-2025

TABLE 80: Mexican Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 81: Mexican Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

REST OF LATIN AMERICA

TABLE 82: Rest of Latin America Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2018 to 2025

TABLE 83: Air Conditioning Systems Market in Rest of Latin America by Product Segment: A Historic Review in Thousand Units for 2009-2017

TABLE 84: Rest of Latin America Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

MIDDLE EAST

TABLE 85: The Middle East Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Region/Country: 2018-2025

TABLE 86: Air Conditioning Systems Market in the Middle East by Region/Country in Thousand Units: 2009-2017

TABLE 87: The Middle East Air Conditioning Systems Market Share Breakdown by Region/Country: 2009, 2019, and 2025

TABLE 88: The Middle East Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018 to 2025

TABLE 89: The Middle East Air Conditioning Systems Historic Market by Product Segment in Thousand Units: 2009-2017

TABLE 90: Air Conditioning Systems Market in the Middle East: Percentage Share Breakdown of Sales by Product Segment for 2009, 2019, and 2025

IRAN

TABLE 91: Iranian Market for Air Conditioning Systems: Annual Sales Estimates and Projections in Thousand Units by Product Segment for the Period 2018-2025

TABLE 92: Air Conditioning Systems Market in Iran: Historic Sales Analysis in Thousand Units by Product Segment for the Period 2009-2017

TABLE 93: Iranian Air Conditioning Systems Market Share Analysis by Product Segment: 2009 VS 2019 VS 2025

ISRAEL

TABLE 94: Israeli Air Conditioning Systems Market Estimates and Forecasts in Thousand Units by Product Segment: 2018-2025

TABLE 95: Air Conditioning Systems Market in Israel in Thousand Units by Product Segment: A Historic Review for the Period 2009-2017

TABLE 96: Israeli Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

SAUDI ARABIA

TABLE 97: Saudi Arabian Air Conditioning Systems Market Growth Prospects in Thousand Units by Product Segment for the Period 2018-2025

TABLE 98: Air Conditioning Systems Historic Market Analysis in Saudi Arabia in Thousand Units by Product Segment: 2009-2017

TABLE 99: Saudi Arabian Air Conditioning Systems Market by Product Segment: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 101: United Arab Emirates Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 102: Air Conditioning Systems Market Share Distribution in United Arab Emirates by Product Segment: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 104: Rest of Middle East Air Conditioning Systems Historic Market Analysis in Thousand Units by Product Segment: 2009-2017

TABLE 105: Rest of Middle East Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

AFRICA

TABLE 106: African Air Conditioning Systems Market Estimates and Projections in Thousand Units by Product Segment: 2018 to 2025

TABLE 107: Air Conditioning Systems Market in Africa by Product Segment: A Historic Review in Thousand Units for 2009-2017

TABLE 108: African Air Conditioning Systems Market Share Breakdown by Product Segment: 2009 VS 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 110

Note: Product cover images may vary from those shown
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