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Air-Conditioning Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030

  • ID: 5323186
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Hitachi Ltd.
  • Johnson Controls
  • LG Electronics
  • Nortek
  • Rheem
Air-Conditioning Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global air-conditioning equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:

Where is the largest and fastest growing market for the air-conditioning equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Air-Conditioning Equipmen market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider air-conditioning equipment market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The air-conditioning equipment market section of the report gives context. It compares the air-conditioning equipment market with other segments of the air-conditioning equipment market by size and growth, historic and forecast.
Scope

Markets Covered:

1) By Product Type: Unitary Air Conditioners; Room Air Conditioners; Packaged Terminal Air Conditioners; Chillers; Absorption Liquid Chillers2) By Components: Refrigerant; Compressor; Condenser Coil; Expansion Valve; Evaporator Coil 3) By Application: Residential; Commercial

Companies Mentioned: Daikin Industries Ltd.; Lennox International Inc.; Hitachi Ltd.; Panasonic Corporation; Electrolux AB

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This product will be delivered in 1-3 business days
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Hitachi Ltd.
  • Johnson Controls
  • LG Electronics
  • Nortek
  • Rheem
1. Executive Summary

2. Air-Conditioning Equipment Market Characteristics

3. Air-Conditioning Equipment Market Trends and Strategies

4. Impact of COVID-19 on Air-Conditioning Equipment

5. Air-Conditioning Equipment Market Size and Growth
5.1. Global Air-Conditioning Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Air-Conditioning Equipment Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Air-Conditioning Equipment Market Segmentation
6.1. Global Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Unitary Air Conditioners
  • Room Air Conditioners
  • Packaged Terminal Air Conditioners
  • Chillers
  • Absorption Liquid Chillers
6.2. Global Air-Conditioning Equipment Market, Segmentation by Components, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Refrigerant
  • Compressor
  • Condenser Coil
  • Expansion Valve
  • Evaporator Coil
6.3. Global Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Residential
  • Commercial
7. Air-Conditioning Equipment Market Regional and Country Analysis
7.1. Global Air-Conditioning Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Air-Conditioning Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Air-Conditioning Equipment Market
8.1. Asia-Pacific Air-Conditioning Equipment Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Air-Conditioning Equipment Market
9.1. China Air-Conditioning Equipment Market Overview
9.2. China Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Air-Conditioning Equipment Market
10.1. India Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Air-Conditioning Equipment Market
11.1. Japan Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Air-Conditioning Equipment Market
12.1. Australia Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Air-Conditioning Equipment Market
13.1. Indonesia Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Air-Conditioning Equipment Market
14.1. South Korea Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Air-Conditioning Equipment Market
15.1. Western Europe Air-Conditioning Equipment Market Overview
15.2. Western Europe Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Air-Conditioning Equipment Market
16.1. UK Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Air-Conditioning Equipment Market
17.1. Germany Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Air-Conditioning Equipment Market
18.4. France Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Air-Conditioning Equipment Market
19.1. Eastern Europe Air-Conditioning Equipment Market Overview
19.2. Eastern Europe Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Air-Conditioning Equipment Market
20.1. Russia Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Air-Conditioning Equipment Market
21.1. North America Air-Conditioning Equipment Market Overview
21.2. North America Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Air-Conditioning Equipment Market
22.1. USA Air-Conditioning Equipment Market Overview
22.2. USA Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Air-Conditioning Equipment Market
23.1. South America Air-Conditioning Equipment Market Overview
23.2. South America Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Air-Conditioning Equipment Market
24.1. Brazil Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Air-Conditioning Equipment Market
25.1. Middle East Air-Conditioning Equipment Market Overview
25.2. Middle East Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Air-Conditioning Equipment Market
26.1. Africa Air-Conditioning Equipment Market Overview
26.2. Africa Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Air-Conditioning Equipment Market Competitive Landscape and Company Profiles
27.1. Air-Conditioning Equipment Market Competitive Landscape
27.2. Air-Conditioning Equipment Market Company Profiles
27.2.1. Daikin Industries Ltd.
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Lennox International Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Hitachi Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Panasonic Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Electrolux AB
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

29. Key Mergers and Acquisitions in the Air-Conditioning Equipment Market

29. Air-Conditioning Equipment Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Hitachi Ltd.
  • Johnson Controls
  • LG Electronics
  • Nortek
  • Rheem
Major players in the air-conditioning equipment market are Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, and Ingersoll-Rand.

The global air-conditioning equipment market is expected to grow from $179.64 billion in 2020 to $186.24 billion in 2021 at a compound annual growth rate (CAGR) of 3.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.54 billion in 2025 at a CAGR of 7.4%.

The air-conditioning equipment market consists of sales of air-conditioning equipment by entities (organizations, sole traders, and partnerships) that produce air-conditioning equipment which is used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces. The air-conditioning equipment market is segmented into compressors and condensers. Only goods and services traded between entities or sold to end consumers are included.

The high cost of air-conditioning installation and replacement limits air-conditioning equipment’s market growth over the forecast period. Air-conditioner installments include installation of an electric conduit from the disconnect to the air conditioner, indoor evaporator coil, outside electric disconnect, outdoor pad, PVC pipe a drain line, and new copper line set from the indoor coil to the air conditioner. The cost of installation depends on the complexity of the electrical modifications and ranges from $100 -$600. The cost of replacement for an air conditioner in a residential building may range from $4,400 to $13,000. The price of entry-level or single-stage air conditioner ranges from $4,400 - $8,000, mid-range or two-stage air conditioner from $6,200 - $9,500, and high-end or variable speed air conditioner ranges from $8,200 - $13,000. Thus, the high cost of air-conditioning installation and replacement is likely to have a negative impact on the growth of the market.

The air-conditioning equipment market covered in this report is segmented by product type into unitary air conditioners; room air conditioners; packaged terminal air conditioners; chillers; absorption liquid chillers. It is also segmented by components into refrigerant; compressor; condenser coil; expansion valve; evaporator coil and by application into residential; commercial.

Increasing urbanization and industrialization is projected to boost the demand for air-conditioning equipment during the forecast period. The surge in urban population and the growing number of industrial activities expected to generate a high requirement for HVAC equipment including air-conditioning equipment. According to the publication by Our World In Data, published in September 2018, 4 billion people were living in urban areas worldwide and is projected to reach about 7 billion people by the end of 2050. Moreover, the degree of urbanization in India increased from 34.0% in 2018 to 34.47% in 2019 and is predicted to grow further over the coming years. Therefore, rapid urbanization is expected to drive the market for air-conditioning equipment during the period.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Daikin Industries Ltd.
  • Lennox International Inc.
  • Hitachi Ltd.
  • Panasonic Corporation
  • Electrolux AB
  • Mitsubishi Electric Corporation
  • MIDEA Group Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Sharp Corporation
  • Ingersoll-Rand
  • Johnson Controls
  • LG Electronics
  • Rheem
  • Nortek
  • United Technologies Corp.
Note: Product cover images may vary from those shown

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