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Published Date: 2016-07-12Number of Pages: 189

Air Conditioning Systems Market (Equipment - Portable air conditioning systems, Windows air conditioning systems, Splits, Cassette ACs, Single Packaged, Chillers, Airside; Application - Industrial, Commercial, Residential, Automotive; Distribution Channel - Conventional Stores (DIY Stores, Furniture Stores, and Supermarkets) and Company-owned/Authorized Stores (Dealers and Installers)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Air Conditioning Systems Market: Snapshot

Air conditioning systems have been witnessing a surge in demand from both commercial and residential applications, with the popularity of smart thermostats and inverter air conditioners rising with increasing adoption. The focus of most manufacturers of air conditioning systems is energy efficiency, given escalating global concerns over energy conservation. Concerns associated with air pollution have also spurred the demand for air purifying technologies, a trend the air conditioning systems market has been capitalizing on.

The presence of a large number of leading players makes the global air conditioning systems market extremely competitive. This is projected to give the market a significant boost in the coming years, with the opportunity in this market amounting to over US$167 bn by 2024.

Usage of Air Conditioning Systems Across Commercial Sector Continues to Grow Stronger

Air conditioning systems find application in commercial, residential, automotive, and industrial sectors. Accounting for a revenue share of almost 40% in 2015, the commercial segment dominated the overall air conditioning systems market. This segment is poised to retain its lead through 2024 driven by the growing usage of air conditioning systems in areas such as hotel and tourism, construction, hospitals, clinics, and healthcare. By volume, however, the residential application segment dominated the market in 2015. This segment is also anticipated to expand at the highest CAGR based on revenue from 2016 to 2024.

By type of equipment, the air conditioning systems market includes window, portable, cassette ACs, split, chillers, single packaged, and airside air conditioning systems. Split air conditioning systems are the most preferred kind and accounted for a revenue share of over 76% in 2015. This segment also dominated the air conditioning systems market by volume.

 

air-conditioning-systems-market

 

Japan, China, and India Emerge as Strong Contenders in APAC Market

The global market for air conditioning systems comprises Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. By revenue, Asia Pacific is projected to dominate the global market for air conditioning systems with a share of over 55% during the forecast period. The demand for air conditioning systems in Asia Pacific is likely to be driven by Japan, China, and India. In addition, the replacement of air conditioning systems with energy-efficient equipment is forecast to significantly drive the demand for air conditioning systems in the coming years.

Europe is projected to witness moderate growth during the forecast period, with the EU7 countries likely to present the most attractive opportunities for players in the air conditioning systems market. Growing awareness about energy-efficient air conditioning systems in building automation and control has driven their demand in the last decade.

The North America air conditioning systems market is also a strong contender and in 2015, the U.S. held the largest share in the regional market. The changing standards of the American Society of Heating, Refrigerating and Air Conditioning, ongoing technological evolution, and the presence of several regulatory policies have been accelerating the demand for energy-efficient, technologically advanced, and eco-friendly air conditioning systems in North America.

The air conditioning systems markets in Latin America as well as the Middle East and Africa are forecast to witness sustainable growth in the near future, fueled by the increasing adoption of smart air conditioning systems in countries such as the UAE, Saudi Arabia, Turkey, and Israel.

Table of Contents

1. Preface
     1.1. Research Scope
     1.2. Market Segmentation
     1.3. Research Methodology

2. Executive Summary
     2.1. Global Air Conditioning Systems Market Snapshot
     2.2. Global Air Conditioning Systems Market Revenue and Volume, 2014 – 2024 (US$ Mn and Million Units) and Year-on-Year Growth (%) 

3. Global Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     3.1. Overview
     3.2. Key Trends Analysis
     3.3. Market Dynamics
            3.3.1. Drivers
            3.3.2. Restraints
            3.3.3. Opportunities
     3.4. Price Trends Analysis: Air Conditioning Systems Market
     3.5. Global Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            3.5.1. Overview
            3.5.2. Portable air conditioning systems
            3.5.3. Windows air conditioning systems
            3.5.4. Splits
            3.5.5. Cassette ACs
            3.5.6. Single Packaged
            3.5.7. Chillers
            3.5.8. Airside
     3.6. Global Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            3.6.1. Overview
            3.6.2. Industrial
            3.6.3. Commercial
            3.6.4. Residential
            3.6.5. Automotive
     3.7. Global Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            3.7.1. Overview
            3.7.2. Conventional Stores
                    3.7.2.1. DIY Stores
                    3.7.2.2. Furniture stores
                    3.7.2.3. Supermarkets
            3.7.3. Company-owned/Authorized Stores
                    3.7.3.1. Dealers
                    3.7.3.2. Installers
     3.8. Competitive Landscape
            3.8.1. Market Positioning of Key Players, 2015
            3.8.2. Competitive Strategies Adopted by Leading Players
            3.8.3. Recommendations

4. North America Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     4.1. Key Trends Analysis     
     4.2. North America Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            4.2.1. Portable air conditioning systems
            4.2.2. Windows air conditioning systems
            4.2.3. Splits
            4.2.4. Cassette ACs
            4.2.5. Single Packaged
            4.2.6. Chillers
            4.2.7. Airside
     4.3. North America Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            4.3.1. Industrial
            4.3.2. Commercial
            4.3.3. Residential
            4.3.4. Automotive
     4.4. North America Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            4.4.1. Conventional Stores
                    4.4.1.1. DIY Stores
                    4.4.1.2. Furniture stores
                    4.4.1.3. Supermarkets
            4.4.2. Company Owned/ Authorized Stores
                    4.4.2.1. Dealers
                    4.4.2.2. Installers

5. Europe Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     5.1. Key Trends Analysis
     5.2. Europe Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            5.2.1. Portable air conditioning systems
            5.2.2. Windows air conditioning systems
            5.2.3. Splits
            5.2.4. Cassette ACs
            5.2.5. Single Packaged
            5.2.6. Chillers
            5.2.7. Airside
     5.3. Europe Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            5.3.1. Industrial
            5.3.2. Commercial
            5.3.3. Residential
            5.3.4. Automotive
     5.4. Europe Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            5.4.1. Conventional Stores
                    5.4.1.1. DIY Stores
                    5.4.1.2. Furniture stores
                    5.4.1.3. Supermarkets
            5.4.2. Company Owned/ Authorized Stores
                    5.4.2.1. Dealers
                    5.4.2.2. Installers

6. Asia Pacific Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     6.1. Key Trends Analysis
     6.2. Asia Pacific Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            6.2.1. Portable air conditioning systems
            6.2.2. Windows air conditioning systems
            6.2.3. Splits
            6.2.4. Cassette ACs
            6.2.5. Single Packaged
            6.2.6. Chillers
            6.2.7. Airside
     6.3. Asia Pacific Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            6.3.1. Industrial
            6.3.2. Commercial
            6.3.3. Residential
            6.3.4. Automotive
     6.4. Asia Pacific Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            6.4.1. Conventional Stores
                    6.4.1.1. DIY Stores
                    6.4.1.2. Furniture stores
                    6.4.1.3. Supermarkets
            6.4.2. Company Owned/ Authorized Stores
                    6.4.2.1. Dealers
                    6.4.2.2. Installers

7. Middle-East and Africa (MEA) Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     7.1. Key Trends Analysis
     7.2. Middle-East and Africa Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            7.2.1. Portable air conditioning systems
            7.2.2. Windows air conditioning systems
            7.2.3. Splits
            7.2.4. Cassette ACs
            7.2.5. Single Packaged
            7.2.6. Chillers
            7.2.7. Airside
     7.3. Middle-East and Africa Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            7.3.1. Industrial
            7.3.2. Commercial
            7.3.3. Residential
            7.3.4. Automotive
     7.4. Asia Pacific Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            7.4.1. Conventional Stores
                    7.4.1.1. DIY Stores
                    7.4.1.2. Furniture stores
                    7.4.1.3. Supermarkets
            7.4.2. Company Owned/ Authorized Stores
                    7.4.2.1. Dealers
                    7.4.2.2. Installers

8. Latin America Air Conditioning Systems Market Analysis, 2014 – 2024 (US$ Mn and Million Units) 
     8.1. Key Trends Analysis
     8.2. Latin America Air Conditioning Systems Market Analysis, By Equipment Type, 2014 – 2024 (US$ Mn and Million Units)
            8.2.1. Portable air conditioning systems
            8.2.2. Windows air conditioning systems
            8.2.3. Splits
            8.2.4. Cassette ACs
            8.2.5. Single Packaged
            8.2.6. Chillers
            8.2.7. Airside
     8.3. Latin America Air Conditioning Systems Market Analysis, By Application, 2014 – 2024 (US$ Mn and Million Units)
            8.3.1. Industrial
            8.3.2. Commercial
            8.3.3. Residential
            8.3.4. Automotive
     8.4. Latin America Air Conditioning Systems Market Analysis, By Distribution Channel, 2014 – 2024 (US$ Mn and Million Units)
            8.4.1. Conventional Stores
                    8.4.1.1. DIY Stores
                    8.4.1.2. Furniture stores
                    8.4.1.3. Supermarkets
            8.4.2. Company Owned/ Authorized Stores
                    8.4.2.1. Dealers
                    8.4.2.2. Installers

9. Global Air Conditioning Systems Market, Country Snippets (US$ Mn and Million Units)
     9.1. The U.S.
     9.2. Canada
     9.3. The U.K.
     9.4. Germany
     9.5. France
     9.6. Spain
     9.7. Italy
     9.8. China
     9.9. Japan
     9.10. India
     9.11. Indonesia
     9.12. The UAE
     9.13. Saudi Arabia
     9.14. South Africa
     9.15. Brazil
     9.16. Mexico
     9.17. Argentina

10. Company Profiles
     10.1. Daikin Industries Ltd  
            10.1.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.1.2. Market Presence, By Segment and Geography
            10.1.3. Key Developments
            10.1.4. Strategy and Historical Roadmap
            10.1.5. Revenue and Operating Profits
     10.2. Mitsubishi Corporation
            10.2.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.2.2. Market Presence, By Segment and Geography
            10.2.3. Key Developments
            10.2.4. Strategy and Historical Roadmap
            10.2.5. Revenue and Operating Profits
     10.3. Haier Electronics Group Co., Ltd.
            10.3.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.3.2. Market Presence, By Segment and Geography
            10.3.3. Key Developments
            10.3.4. Strategy and Historical Roadmap
            10.3.5. Revenue and Operating Profits
     10.4. Samsung Electronics
            10.4.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.4.2. Market Presence, By Segment and Geography
            10.4.3. Key Developments
            10.4.4. Strategy and Historical Roadmap
            10.4.5. Revenue and Operating Profits
     10.5. Electrolux AB
            10.5.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.5.2. Market Presence, By Segment and Geography
            10.5.3. Key Developments
            10.5.4. Strategy and Historical Roadmap
            10.5.5. Revenue and Operating Profits
     10.6. LG Electronics
            10.6.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.6.2. Market Presence, By Segment and Geography
            10.6.3. Key Developments
            10.6.4. Strategy and Historical Roadmap
            10.6.5. Revenue and Operating Profits
     10.7. Panasonic Corporation
            10.7.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.7.2. Market Presence, By Segment and Geography
            10.7.3. Key Developments
            10.7.4. Strategy and Historical Roadmap
            10.7.5. Revenue and Operating Profits
     10.8. Carrier Corporation
            10.8.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.8.2. Market Presence, By Segment and Geography
            10.8.3. Key Developments
            10.8.4. Strategy and Historical Roadmap
            10.8.5. Revenue and Operating Profits
     10.9. Hitachi Ltd.
            10.9.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.9.2. Market Presence, By Segment and Geography
            10.9.3. Key Developments
            10.9.4. Strategy and Historical Roadmap
            10.9.5. Revenue and Operating Profits
     10.10. Sharp Corporation
            10.10.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.10.2. Market Presence, By Segment and Geography
            10.10.3. Key Developments
            10.10.4. Strategy and Historical Roadmap
            10.10.5. Revenue and Operating Profits
     10.11. Gree Electric Appliances, Inc.
            10.11.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.11.2. Market Presence, By Segment and Geography
            10.11.3. Key Developments
            10.11.4. Strategy and Historical Roadmap
            10.11.5. Revenue and Operating Profits
     10.12. Hisense International Co. Ltd.
            10.12.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.12.2. Market Presence, By Segment and Geography
            10.12.3. Key Developments
            10.12.4. Strategy and Historical Roadmap
            10.12.5. Revenue and Operating Profits
     10.13. The Midea Group
            10.13.1. Company Details (HQ, Foundation Year, Employee Strength)
            10.13.2. Market Presence, By Segment and Geography
            10.13.3. Key Developments
            10.13.4. Strategy and Historical Roadmap
            10.13.5. Revenue and Operating Profits

 

List of Figures

Figure 1: Air Conditioning Systems Average Selling Price (US$), By Equipment Type, 2014 & 2024 (1/2)
Figure 2: Air Conditioning Systems Average Selling Price (US$), By Equipment Type, 2014 & 2024 (2/2)
Figure 3: Global Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 4: Global Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 5: Global Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 6: Global Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 7: Global Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)
Figure 8: Market Positioning of Key Players, 2015
Figure 9: North America Key Trends Analysis
Figure 10: North America Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 11: North America Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 12: North America Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 13: North America Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 14: North America Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)
Figure 15: Europe Key Trends Analysis
Figure 16: Europe Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 17: Europe Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 18: Europe Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 19: Europe Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 20: Europe Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)
Figure 21: Asia Pacific Key Trends Analysis
Figure 22: Asia Pacific Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 23: Asia Pacific Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 24: Asia Pacific Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 25: Asia Pacific Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 26: Asia Pacific Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)
Figure 27: Middle East and Africa Key Trends Analysis
Figure 28: MEA Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 29: MEA Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 30: MEA Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 31: MEA Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 32: MEA Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)
Figure 33: Latin America Key Trends Analysis
Figure 34: Latin America Air Conditioning Systems Market Revenue and Volume Share, By Equipment Type, 2014 – 2024 (%)
Figure 35: Latin America Air Conditioning Systems Market Revenue and Volume Share, By Application, 2014 – 2024 (%)
Figure 36: Latin America Air Conditioning Systems Market Revenue and Volume Share, By Distribution Channel, 2014 – 2024 (%)
Figure 37: Latin America Air Conditioning Systems Market Revenue and Volume Share, By Conventional Stores, 2014 – 2024 (%)
Figure 38: Latin America Air Conditioning Systems Market Revenue and Volume Share, By Company Owned Stores, 2014 – 2024 (%)

List of Tables

Table 1: Global Market Snapshot (Revenue)
Table 2: Global Market Snapshot (Volume)
Table 3: Global Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 4: Global Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 5: Global Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 6: Global Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 7: Global Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 8: Global Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 9: Global Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 10: Global Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 11: Global Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 12: Global Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 13: North America Market Snapshot (Revenue)
Table 14: North America Market Snapshot (Volume)
Table 15: North America Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 16: North America Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 17: North America Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 18: North America Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 19: North America Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 20: North America Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 21: North America Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 22: North America Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 23: North America Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 24: North America Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 25: Europe Market Snapshot (Revenue)
Table 26: Europe Market Snapshot (Volume)
Table 27: Europe Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 28: Europe Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 29: Europe Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 30: Europe Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 31: Europe Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 32: Europe Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 33: Europe Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 34: Europe Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 35: Europe Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 36: Europe Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 37: Asia Pacific Market Snapshot (Revenue)
Table 38: Asia Pacific Market Snapshot (Volume)
Table 39: Asia Pacific Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 40: Asia Pacific Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 41: Asia Pacific Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 42: Asia Pacific Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 43: Asia Pacific Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 44: Asia Pacific Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 45: Asia Pacific Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 46: Asia Pacific Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 47: Asia Pacific Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 48: Asia Pacific Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 49: Middle East and Africa Market Snapshot (Revenue)
Table 50: Middle East and Africa Market Snapshot (Volume)
Table 51: MEA Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 52: MEA Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 53: MEA Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 54: MEA Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 55: MEA Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 56: MEA Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 57: MEA Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 58: MEA Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 59: MEA Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 60: MEA Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 61: Latin America Market Snapshot (Revenue)
Table 62: Latin America Market Snapshot (Volume)
Table 63: Latin America Air Conditioning Systems Market Revenue, By Equipment Type, 2014 – 2024 (US$ Bn)
Table 64: Latin America Air Conditioning Systems Market Volume, By Equipment Type, 2014 – 2024 (Million Units)
Table 65: Latin America Air Conditioning Systems Market Revenue, By Application, 2014 – 2024 (US$ Bn)
Table 66: Latin America Air Conditioning Systems Market Volume, By Application, 2014 – 2024 (Million Units)
Table 67: Latin America Air Conditioning Systems Market Revenue, By Distribution Channel, 2014 – 2024 (US$ Bn)
Table 68: Latin America Air Conditioning Systems Market Volume, By Distribution Channel, 2014 – 2024 (Million Units)
Table 69: Latin America Air Conditioning Systems Market Revenue, By Conventional Stores, 2014 – 2024 (US$ Bn)
Table 70: Latin America Air Conditioning Systems Market Volume, By Conventional Stores, 2014 – 2024 (Million Units)
Table 71: Latin America Air Conditioning Systems Market Revenue, By Company Owned Stores, 2014 – 2024 (US$ Bn)
Table 72: Latin America Air Conditioning Systems Market Volume, By Company Owned Stores, 2014 – 2024 (Million Units)
Table 73: Global Air Conditioning Systems Market Revenue Analysis, Country Snippets, 2014 – 2024 (US$ Bn)
Table 74: Global Air Conditioning Systems Market Volume Analysis, Country Snippets, 2014 – 2024 (Million Units)
Table 75: Global Air Conditioning Systems Market Revenue and Volume Analysis, Country Snippets

Global Air Conditioning Systems Market: Overview 

Air conditioning systems are systems that adjust the properties of air, primarily humidity and temperature, to more favorable conditions. There are various types of air conditioning systems available, including windows, portable, splits, single packaged, cassette, airside, and chillers. They find application across industrial, residential, automotive, and commercial sectors. These systems are available in the market through distribution channels, including furniture stores, DIY stores, supermarkets, and company authorized/owned stores. The changing climatic conditions worldwide are creating a staggering volume of demand for air conditioning systems. 

According to Transparency Market Research (TMR), the global air conditioning systems market is poised to reach a valuation of US$167 bn by 2024 from US$104.4 bn in 2015, expanding at a CAGR of 5.1% between 2016 and 2024. The report is a professional study of the market, covering all the important parameters extensively. It presents the statistics pertaining to every segment as well as the overall market in a graphical form in order to provide an immaculate understanding to readers. 

Global Air Conditioning Systems Market: Drivers and Restraints 

The rapid expansion in the construction and housing sector worldwide is one of the primary factors supplementing the growth of the global air conditioning systems market. Stringent government regulations pertaining to emissions and technological evolutions are stoking the growth of the market. Moreover, the burgeoning demand from the commercial sector coupled with the rising consumer expectations is providing a fillip to the global market. Consumers are paying higher attention to the indoor quality, which in turn is translating into the greater uptake of advanced air-purifying technologies. 

On the other hand, air conditioning systems consume greater energy, which limits their widespread adoption. Nevertheless, the emergence of green technologies and energy-efficient systems are likely to address the issue and shape the future of the market. 

Global Air Conditioning Systems Market: Geographical Segmentation 

Asia Pacific will continue to dominate the market until 2024, accounting for over 55% of the overall market revenue. The high demand for air conditioning systems in countries such as Japan, China, and India is fuelling the growth of the region. The increasing emphasis on replacing air conditioning systems with energy-efficient equipment is also contributing the growth of the region. North America will also be a prominent market, with the U.S. being at the forefront of growth. The standards set by the American Society of Heating, Refrigerating and Air Conditioning and ongoing technological advancements are escalating the growth of the region. 

The market in Europe is expected to witness moderate growth, with the EU7 being the major revenue contributors. The rising awareness regarding the benefits offered by energy-efficient air conditioning systems in building automation and control is propelling the growth of the region. The growth of Latin America can be attributed to the growing adoption of smart air conditioning systems. In the Middle East and Africa, countries such as the U.A.E., Turkey, Israel, and Saudi Arabia are the sights of high growth rate. 

Global Air Conditioning Systems Market: Competitive Landscape 

The majority of players in the global air conditioning systems market are focusing towards integrating products in order to expand their customer outreach. Apart from this, strategic partnerships and acquisitions are also looked upon as viable strategies for consolidating the presence. The leading players in the market are Daikin Industries Ltd., Gree Electric Appliances Inc., and Carrier Corporation. Other prominent companies operating in the global air conditioning systems market are Haier Electronics Group Co., Mitsubishi Corporation, Panasonic Corporation, LG Electronics, The Midea Group, Ltd., and Hitachi Ltd. 


 
 
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