Global Air Conditioning Market 2021-2025

The publisher has been monitoring the air conditioning market and it is poised to grow by $19.60 billion during 2021-2025, progressing at a CAGR of about 3% 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in residential construction activity and product innovation leading to portfolio extension and product premiumization.

The air conditioning market analysis includes the product segment and geographic landscape.

The air conditioning market is segmented as below:

By Product

• Splits
• Chillers
• Airside
• Others

By Geography

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the increasing demand for IoT sensor-based air conditioners as one of the prime reasons driving the air conditioning market growth during the next few years.

The report on 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, Daikin Industries Ltd., Haier Smart Home Co. Ltd., Johnson Controls International Plc, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Samsung Electronics Co. Ltd., Toshiba Corp., 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 the accurate market growth.