Global Air Conditioning Market 2017-2021

  • ID: 4027572
  • Report
  • Region: Global
  • 74 pages
  • TechNavio
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FEATURED COMPANIES

  • Blue Star
  • Electrolux
  • Haier
  • Ingersoll Rand
  • LG
  • Mitsubishi Electric
  • MORE
About Air Conditioning

Air conditioning systems are deployed in buildings for the efficient management of humidity and temperature. The technology in these air conditioning systems has been transforming and witnessing innovations in fields like compressor technology, coolers, filters, and drying agents. These technological advancements are aimed at enhancing performance and reducing energy costs. Air conditioning systems are approaching the standard equipment status in developing economies.

The analysts forecast the global air conditioning market to grow at a CAGR of 8.61% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global air conditioning market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of air conditioning systems.

The market is divided into the following segments based on geography:

- Americas
- APAC
- Europe
- MEA

The report, Global Air Conditioning Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Daikin
- GREE Electric Appliances
- Midea
- Mitsubishi Electric
- Panasonic
- Toshiba Carrier

Other prominent vendors
- Blue Star
- Electrolux
- Haier
- Hitachi
- Ingersoll Rand
- Johnson Controls
- LG
- Samsung

Market drivers
- Increasing demand for inverter air conditioners.
- For a full, detailed list, view the full report

Market challenges
- Changes in regulatory actions.
- For a full, detailed list, view the full report

Market trends
- Increasing adoption of central air conditioning systems.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Blue Star
  • Electrolux
  • Haier
  • Ingersoll Rand
  • LG
  • Mitsubishi Electric
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Vendor segmentation
  • Common currency conversion rates
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by products
  • Global air conditioning market by product
  • Global splits market
  • Global chillers market
  • Global airside market
  • Global single packaged market
  • Global window units market
  • Global portables market
Part 07: Product life cycle analysis
  • Global air conditioning market product lifecycle analysis
Part 08: Geographical segmentation
  • Global air conditioning market by geography
  • Air conditioning market in APAC
  • Air conditioning market in Americas
  • Air conditioning market in Europe
  • Air conditioning market in MEA
Part 09: Market drivers
  • Rise in residential construction activity
  • Affluent growth in developing countries
  • Increasing demand for inverter air conditioners
  • Growing environmental consciousness
Part 10: Impact of drivers

Part 11: Market challenges
  • Change in regulatory actions
  • Rising energy consumption
  • Uncertain weather conditions
  • Volatility in oil prices
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • Rising investment in R&D
  • Growing demand for integrated systems
  • Growing popularity of smart thermostats
  • Increasing adoption of central air conditioning systems
Part 14: Vendor landscape
  • Competitive scenario
  • Daikin
  • GREE Electric Appliances
  • Midea
  • Mitsubishi Electric
  • Panasonic
  • Toshiba Carrier
  • Other prominent vendors
Part 15: Appendix
  • List of abbreviations
Part 16: About the Author

List of Exhibits

Exhibit 01: Standard conversion rates
Exhibit 02: Product offerings
Exhibit 03: Global air conditioning market: Overview
Exhibit 04: Global air conditioning market 2016-2021 ($ billions)
Exhibit 05: Global air conditioning market 2016-2021 (millions of units)
Exhibit 06: Five forces analysis
Exhibit 07: Global air conditioning market: Overview by product
Exhibit 08: Global air conditioning market: Product segmentation 2016
Exhibit 09: Global air conditioning market: Product segmentation 2021
Exhibit 10: Global air conditioning market: Lucrativeness by products 2021
Exhibit 11: Split air conditioners: Product segmentation
Exhibit 12: Global splits market 2016-2021 ($ billions)
Exhibit 13: Global splits market: Sub-segment 2016 (by volume)
Exhibit 14: Global chillers market 2016-2021 ($ billions)
Exhibit 15: Global chillers market: Product segmentation by volume 2016
Exhibit 16: Global airside market 2016-2021 ($ billions)
Exhibit 17: Global airside market: Product segmentation by volume 2016
Exhibit 18: Global single packaged market 2016-2021 ($ billions)
Exhibit 19: Global single packaged market: Product segmentation by volume 2016
Exhibit 20: Global window units market 2016-2021 ($ billions)
Exhibit 21: Global portables market 2015-2020 ($ billions)
Exhibit 22: Global air conditioning market: Product lifecycle analysis
Exhibit 23: Global air conditioning market by geography 2016
Exhibit 24: Urbanization rates in APAC 2015-2020 (% of overall population)
Exhibit 25: Air conditioning market in APAC 2016-2021 ($ billions)
Exhibit 26: Air conditioning market in APAC by select countries 2016 (%)
Exhibit 27: CAGR of air conditioning market in APAC by select countries 2016-2021
Exhibit 28: Air conditioning market in Americas 2016-2021 ($ billions)
Exhibit 29: Air conditioning market in Americas by select countries 2016 (%)
Exhibit 30: Air conditioning market in Europe 2016-2021 ($ billions)
Exhibit 31: Air conditioning market in Europe by select countries 2016 (%)
Exhibit 32: Air conditioning market in MEA 2016-2021 ($ billions)
Exhibit 33: Global residential construction spending (YoY change) 2012-2015
Exhibit 34: Share of middle-class population in APAC and MEA 2010-2030 (% of overall population)
Exhibit 35: Impact of drivers
Exhibit 36: Global warming potential of refrigerants
Exhibit 37: List of delisted refrigerants for commercial refrigeration
Exhibit 38: Phasedown of the fluorinated gases 2015-2020
Exhibit 39: Energy consumption by household appliances
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Rising investment in R&D for patents 2015-2016
Exhibit 42: Product offerings of Daikin
Exhibit 43: Product offerings of GREE Electric Appliances
Exhibit 44: Product offerings of Midea
Exhibit 45: Product offerings of Mitsubishi Electric
Exhibit 46: Product offerings of Panasonic
Exhibit 47: Product offerings of Toshiba Carrier
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Blue Star
  • Electrolux
  • Haier
  • Ingersoll Rand
  • LG
  • Mitsubishi Electric
  • MORE
New Report Released: - Global Air Conditioning Market 2017-2021

The author of the report recognizes the following companies as the key players in the global air conditioning market: Daikin, GREE Electric Appliances, Midea, Mitsubishi Electric, Panasonic, and Toshiba Carrier.

Other Prominent Vendors in the market are: Blue Star, Electrolux, Haier, Hitachi, Ingersoll Rand, Johnson Controls, LG, and Samsung.

Commenting on the report, an analyst from the research team said: “One trend in the market is growing demand for integrated systems. HVAC controls and building systems are witnessing more integration, driving demand among end-users who seek the benefits of streamlining systems, such as lighting and access controls. This allows higher energy efficiency in managing building systems as it allows control from one interface. This also facilitates the elimination of redundancy in systems and provides better occupant comfort, owing to better management. For instance, access controls integrated with HVAC controls allows building manages to use a single platform to monitor cooling and increase or decrease the cooling based on the number of people in the air conditioning environment. While these systems have already gained popularity in commercial office buildings, they are gaining popularity in hotels, healthcare facilities, schools, and retail outlets.”

According to the report, one driver in the market is affluent growth in developing countries. Developing countries are growing increasingly affluent. Most of these countries lie in the tropics and subtropics where the temperatures are high, due to which air conditioning is shifting from the high luxury segment to the mainstream category in residential and commercial settings. Earlier, air conditioners were treated as a status symbol in developing countries like India. However, the growth of the middle-class population in these regions because of the development of dual income households increases the disposable and per capita income of people. While the US has been the biggest user of air conditioning, developing countries such as India, China, Bangladesh, Pakistan, Indonesia, and the Philippines are set to surpass the US in the future. The growing middle-class population in these regions increases the demand for air conditioners. Following the living standard improvements and growing demand from consumers, the expansion of the air conditioning market is expected to further accelerate.

Further, the report states that one challenge in the market is volatility in oil prices. Oil prices are dependent on various factors beyond the company’s control, including the supply and demand of oil, weather conditions, and political influences among others. According to the US Energy Information Administration (EIA), North Sea Brent crude oil prices averaged $47/barrel in August 2015, a $10/b decrease over that in July 2015. This third consecutive monthly decrease in prices reflects the concerns about the lower economic growth in emerging markets, expectations of higher oil exports from Iran, and continuing growth in global inventories. EIA forecasts that Brent crude oil prices will average $54/b in 2015 and $59/b in 2016. West Texas Intermediate (WTI) crude oil prices in 2015 and 2016 are forecast to average $5/b lower than the Brent price. The price of WTI declined from $94.6/b in January 2014 to $47.2/b in January 2015 to $31.6/b in January 2016. With the decision of OPEC members to continue with the current production levels and Saudi Arabia’s decision to cut the selling price by $1.9/b for Asian importers, the price of crude oil is expected to remain volatile in the short term.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Daikin
  • GREE Electric Appliances
  • Midea
  • Mitsubishi Electric
  • Panasonic
  • Toshiba Carrier
  • Blue Star
  • Electrolux
  • Haier
  • Hitachi
  • Ingersoll Rand
  • Johnson Controls
  • LG
  • Samsung
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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