Market Research Reports

Air Conditioning Systems Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012 - 2018

95pages
Published Date: 2013-01-22
 

Description





Changing weather conditions, development in air conditioning technology, rising disposable income of the consumers in the developing regions like Asia Pacific, demand for energy efficient models and replacement need in the developed regions such as North America and Europe are driving the air conditioning systems market worldwide. This report provides complete insights of the air conditioning systems and the factors responsible for driving this market.  This includes market trends, price trends, growth patterns, and market estimates by revenue and volume. The competitive scenario among the existing players and their growth strategies have also been discussed in this report. 

For the purpose of the research, the global air conditioning systems market has been segmented based on equipment type, application and geography. The different types of air conditioning systems covered under equipment type are portable, windows, splits, single packaged, chillers and airside. A cross sectional analysis of the different air conditioning equipment market based on the geographic segments is also provided in the report. Splits air conditioning systems is the largest market at present and will maintain its leading position in the next five years. The application segment has been categorized into: residential, commercial and industrial. The commercial sector is further segregated into construction, tourism and hotel industry, tents and others. In the application segment residential sector is expected to grow at a CAGR of 10.7% from 2012 to 2018. Apart from revenue, volume, market trend, and price trend of the air conditioning systems by equipment types and geography, have also been analyzed in this report.

A cross-sectional analysis of above mentioned segmentations is also included for the four geographies, namely North America, Europe, Asia Pacific and RoW. Asia Pacific is the largest market and held nearly 34.4% of the global air conditioning systems market in 2012. Asia Pacific will maintain its leading position in future due to the increasing demand of air conditioning systems in this region.

Furthermore, in-depth assessment of key factors which are driving and restraining the air conditioning systems market are included for the better understanding of market dynamics. Apart from the drivers and restraints, the detailed opportunity assessment included in this report will help stakeholders to design more informed future growth strategies. Porter’s five forces analysis, value chain analysis and market share analysis covered in this report will help the stakeholders to understand the intensity of competition in the air conditioning systems market at different levels.

We have used secondary research for deriving our market numbers for each segment and further validated our analysis with C-level executives of the major companies operating in the air conditioning systems market by means of primary research, to finally come up with our results.

Table of Contents




Table of Content

Chapter 1 Preface
1.1 Research scope and description
1.2 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Air Conditioning Systems Market Analysis
3.1 Market overview
3.2 Market dynamics
      3.2.1 Drivers
              3.2.1.1 Increasing need of energy efficiency, fueling replacement of traditional air conditioners
              3.2.1.2 Growing consumer awareness about environment
              3.2.1.3 Rise in disposable incomes in developing regions
              3.2.1.4 Growth in the construction industry
              3.2.1.5 Improving living standards across the globe
     3.2.2 Restraints
              3.2.2.1 Decrease in profit margins
              3.2.2.2 Energy consumption and effect on environment
     3.2.3 Opportunities
              3.2.3.1 Adoption of energy efficient models in untapped markets
3.3 Market trends and future outlook
3.4 Porter’s five forces analysis
     3.4.1 Bargaining power of suppliers
     3.4.2 Bargaining power of buyers
     3.4.3 Threat of substitutes
     3.4.4 Threat of new entrants
     3.4.5 Competitive rivalry
3.5 Value Chain Analysis
     3.5.1 Procurement of raw materials
     3.5.2 Production process
     3.5.3 Marketing and distribution
     3.5.4 Services and end users

Chapter 4 Market Segmentation I: Air Conditioning Systems Market Analysis, by Equipment Type
4.1 Overview
4.2 Portable air conditioning systems
     4.2.1 Market overview
     4.2.2 Revenue analysis
     4.2.3 Volume analysis
     4.2.4 Pricing trend and forecast
4.3 Windows air conditioning systems
     4.3.1 Market overview
     4.3.2 Revenue analysis
     4.3.3 Volume analysis
     4.3.4 Pricing trend and forecast
4.4 Splits
     4.4.1 Market overview
     4.4.2 Revenue analysis
     4.4.3 Volume analysis
     4.4.4 Pricing trend and forecast
4.5 Single Packaged
     4.5.1 Market overview
     4.5.2 Revenue analysis
     4.5.3 Volume analysis
     4.5.4 Pricing trend and forecast
4.6 Chillers
     4.6.1 Market overview
     4.6.2 Revenue analysis
     4.6.3 Volume analysis
     4.6.4 Pricing trend and forecast
4.7 Airside
     4.7.1 Market overview
     4.7.2 Revenue analysis
     4.7.3 Volume analysis
     4.7.4 Pricing trend and forecast

Chapter 5 Market Segmentation Ii: Air Conditioning Systems Market Analysis, by End Use
5.1 Overview
5.2 Residential air conditioning systems market
     5.2.1 Market overview
     5.2.2 Residential air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
5.3 Commercial air conditioning systems
     5.3.1 Market overview
     5.3.2 Commercial air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
     5.3.3 Construction
             5.3.3.1 Market overview
             5.3.3.2 Construction air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
     5.3.4 Tourism and hotel industry
              5.3.4.1 Market overview
              5.3.4.2 Tourism and hotel industry air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
     5.3.5 Tents: New end-use segment
              5.3.5.1 Market overview
              5.3.5.2 Tents air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
     5.3.6 Other end use
              5.3.6.1 Market overview
              5.3.6.2 Other end use air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
5.4 Industrial air conditioning
     5.4.1 Market overview
     5.4.2 Air conditioning systems in industrial sector market size and forecast, 2011 – 2018 (in Million Units and USD Million)

Chapter 6 Geographic Analysis
6.1 Overview
6.2 North America air conditioning systems market
      6.2.1 Overview
      6.2.2 Market trends
      6.2.3 North America air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
6.3 Europe air conditioning systems market
      6.3.1 Overview
      6.3.2 Market trends
      6.3.3 Europe air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
6.4 Asia Pacific air conditioning systems market
      6.4.1 Overview
      6.4.2 Market trends
      6.4.3 Asia Pacific air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
6.5 RoW air conditioning systems market
      6.5.1 Overview
      6.5.2 Market trends
      6.5.3 RoW air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)

Chapter 7 Competitive Landscape
7.1 Market Share by key players
7.2 Competitive strategies by key players

Chapter 8 Recommendations
8.1 Market strategy for success
8.2 Barriers to be considered

Chapter 9 Company Profiles
9.1 Daikin Industries Ltd
      9.1.1 Company overview
      9.1.2 Financial overview
      9.1.3 Business strategies
      9.1.4 Recent developments
9.2 Mitsubishi Corporation
      9.2.1 Company overview
      9.2.2 Financial overview
      9.2.3 Business strategies
      9.2.4 Recent developments
9.3 Haier Electronics Group Co., Ltd.
      9.3.1 Company overview
      9.3.2 Financial overview
      9.3.3 Business strategies
      9.3.4 Recent developments
9.4 Samsung Electronics
      9.4.1 Company overview
      9.4.2 Financial overview
      9.4.3 Business strategies
      9.4.4 Recent developments
9.5 Electrolux AB
      9.5.1 Company overview
      9.5.2 Financial overview
      9.5.3 Company strategies
      9.5.4 Recent developments
9.6 LG Electronics
      9.6.1 Company overview
      9.6.2 Financial overview
      9.6.3 Business strategies
      9.6.4 Recent developments
9.7 Panasonic
      9.7.1 Company Overview
      9.7.2 Financial Overview
      9.7.3 Business Strategies
      9.7.4 Recent Developments
9.8 Carrier
      9.8.1 Company overview
      9.8.2 Financial overview
      9.8.3 Business strategy
      9.8.4 Recent developments
9.9 Hitachi Ltd.
      9.9.1 Company overview
      9.9.2 Financial overview
      9.9.3 Business strategy
      9.9.4 Recent developments
9.10 Sharp Corporation
      9.10.1 Company overview
      9.10.2 Financial overview
      9.10.3 Business strategy

List of Figures 

Fig. 1 Global air conditioning systems market attractiveness, by geography
Fig. 2 Global air conditioning systems market attractiveness, by equipment type
Fig. 3 Global portable air conditioning system market revenue share, by geography 2012 vs. 2018 (%)
Fig. 4 Global portable air conditioning systems market volume share, by geography 2012 vs. 2018 (%)
Fig. 5 Global portable air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 6 Global windows air conditioning systems market revenue share, by geography 2012 vs. 2018 (%)
Fig. 7 Global windows air conditioning systems market volume share, by geography 2012 vs. 2018 (%)
Fig. 8 Global windows air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 9 Global splits air conditioning systems market revenue share, by geography 2012 vs. 2018 (%)
Fig. 10 Global splits air conditioning systems market volume share, by geography 2012 vs. 2018 (%)
Fig. 11 Global splits air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 12 Global single packaged air conditioning systems market revenue share, by geography 2012 vs. 2018 (%)
Fig. 13 Global single packaged air conditioning systems market volume share, by geography 2012 vs. 2018 (%)
Fig. 14 Global single packaged air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 15 Global chillers air conditioning systems market revenue share, by geography 2012 vs. 2018 (%)
Fig. 16 Global chillers air conditioning systems market volume share, by geography 2012 vs. 2018 (%)
Fig. 17 Global chillers air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 18 Global airside air conditioning systems market revenue share, by geography 2012 vs. 2018 (%)
Fig. 19 Global airside air conditioning systems market volume, by geography 2012 vs. 2018 (%)
Fig. 20 Global airside air conditioning systems price trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 21 Global air conditioning systems market attractiveness, by end use
Fig. 22 Global residential air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
Fig. 23 Global air conditioning systems in commercial sector market size and forecast, 2011 - 2018 (in Million Units and USD Million)
Fig. 24 Global construction air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
Fig. 25 Global tourism and hotel industry air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
Fig. 26 Global tents air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
Fig. 27 Global other end use air conditioning systems market size and forecast, 2011 – 2018 (in Million Units and USD Million)
Fig. 28 Industrial air conditioning systems market size and forecast, 2011 - 2018 (in Million Units and USD Million)
Fig. 29 Global air conditioning market size and forecast, by geography 2011 (USD Million)
Fig. 30 Global air conditioning pricing trend and forecast, by geography 2011 – 2018 (USD/Unit)
Fig. 31 Market share by key air conditioning systems vendors, 2011
Fig. 32 Daikin Corporation net revenue shares by business segments, 2010 & 2011 (%)
Fig. 33 Daikin Corporation net sales, 2010 & 2011 (USD Billion)
Fig. 34 Mitsubishi Corporation financial performance, 2011 – 2012 (USD Million)
Fig. 35 Haier Electronics Group financial performance, 2009 – 2011 (USD Billion)
Fig. 36 Samsung Electronics financial performance, 2009 – 2011 (USD Million)
Fig. 37 Electrolux AB net sales, 2010 & 2011 (USD Million)
Fig. 38 LG Electronics net sales share by product segment, 2010 & 2011 (%)
Fig. 39 LG Electronics net sales, 2010 & 2011 (USD Billion)
Fig. 40 Panasonic Corporation revenue shares, by business segments 2010 & 2011 (%)
Fig. 41 Panasonic Corporation net sales, 2010 & 2011 (USD Billion)
Fig. 42 Carrier net sales, 2010, 2011 (USD Million)
Fig. 43 Hitachi net revenue, 2011, 2012 (USD Million)
Fig. 44 Sharp Corporation net sales, 2011, 2012 (USD Million)

List of Tables

Table 1 Per capita income of major countries in Asia Pacific (USD)
Table 2 Luxury goods sales, 2006 – 2011
Table 3 Global portable air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 4 Global portable air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 5 Global windows air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 6 Global windows air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 7 Global splits air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 8 Global splits air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 9 Global single packaged air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 10 Global single packaged air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 11 Global chillers air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 12 Global chillers air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 13 Global airside air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 14 Global airside air conditioning systems market volume and forecast, by geography 2011 - 2018 (Thousand Units)
Table 15 Global air conditioning systems market revenue and forecast, by geography 2011 - 2018 (USD Million)
Table 16 Global air conditioning systems market volume and forecast, by geography 2011 - 2018 (Million Units)
Table 17 North America air conditioning systems market revenue and forecast, by equipment Type 2011 - 2018 (USD Million)
Table 18 North America air conditioning systems market volume and forecast, by equipment type 2011 - 2018 (Thousand Units)
Table 19 Europe air conditioning systems market revenue and forecast, by equipment type 2011 - 2018 (USD Million)
Table 20 Europe air conditioning systems market volume and forecast, by equipment type 2011 - 2018 (Thousand Units)
Table 21 Asia Pacific air conditioning systems market revenue and forecast, by equipment type 2011 - 2018 (USD Million)
Table 22 Asia Pacific air conditioning systems market volume and forecast, by equipment type 2011 - 2018 (Thousand Units)
Table 23 RoW air conditioning systems market revenue and forecast, by equipment type 2011 - 2018 (USD Million)
Table 24 RoW air conditioning systems market volume and forecast, by equipment type 2011 - 2018 (Thousand Units)

Market Overview




After the temporary setback because of economic recession, the world market for air conditioning systems is expected to see remarkable recovery due to increasing acceptance of air conditioning systems in households. This market is estimated to reach the value of 114.30 million units in volume sales by the year 2017. Growth in future is expected as a result of increasing adoption of energy efficient models, specifically, inverter based ACs, and rapidly growing replacement demand. Healthy demand from the Asian market is also expected to augment the growth of the air conditioning systems market. 

Improvements in consumer disposable incomes, increasing spending on power, and increase in construction activity in residential and commercial sectors are major factors spurring the growth of the air conditioning industry. Improvements in housing standards is boosting the demand for room air conditioners while growing number of building permits for construction of malls, industrial facilities, and office space is driving the market for packaged air conditioners. Rise in capital expenditure is also expected to boost the demand for packaged air conditioning systems in the immediate future. 

Inverter based ACs that are capable of offering sufficient reduction in power consumption by adjusting compressor’s running speed and controlling voltage and current frequency, are gaining popularity worldwide in recent years. Growing consumer awareness on energy conservation and environmental concerns will also drive the demand of this market in upcoming years. 

Market Segmentation Based on Type
  • Room Air Conditioners
  • Packaged Air Conditioners 
  • Split Air Conditioners 
  • Mini-Split Air-Conditioners 
  • Ductless Air Conditioning Systems 
  • Terminal Air Conditioning Systems 
  • Central Air Conditioners 
  • Packaged Central Air Conditioners
Market Segmentation Based on Application
  • Residential Air Conditioning 
  • Commercial Air Conditioning 
  • Construction Sector 
  • Tourism & Hotel Industry 
  • Tents: New End-Use Segment 
  • Industrial Air Conditioning 
  • Automotive Air Conditioning
This research report on air conditioning systems market analyzes this market based on its segments and major geographies. Geographies analyzed under this research report include 
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World 
This report is a comprehensive study of current market trends, growth drivers, factors affecting market growth, industry structure, and market projections for upcoming years. The report also include analysis of recent technological developments in this market, Porter’s five force model analysis, and complete company profiles of top industry players. This report also provides review of micro and macro factors significant with respect to existing market players and new entrants with value chain analysis. 

Major Players

Some of the key players of this market are Carrier Corporation, Daikin Industries, Ltd., Electrolux AB, General Electric Company, Hitachi Ltd., Lennox Industries Inc., LG Electronics Inc., Mitsubishi Electric Corporation, NORDYNE Inc., Panasonic Corporation, Samsung Electronics Corp., Sanden Corporation, Sharp Corporation, Toshiba Carrier Corporation, Whirlpool Corporation, Johnson Controls Inc., and others. 

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Free Market Analysis




With advancements in air conditioning technology and rising demand in both developed and developing regions, the air conditioning systems market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide are rising disposable incomes of consumers in developing regions like Asia Pacific, need of replacing obsolete systems in developed countries such as North America and Europe, increasing awareness of energy efficiency and eco-friendly products, and demand of intelligent air conditioning systems. Inverter based and solar based air conditioning systems are expected to witness significant growth in the near future due to their energy efficient features.

North America is the largest market for portable air conditioning systems and accounts for more than one-third of the global portable air conditioning systems market. Europe follows North America as the second fastest region in terms of growth, albeit slightly restricted owing to the fact that the region has been struggling with debt crisis for a prolonged time now, and this is undoubtedly expected to slow the growth of the market in the region. North America and Europe have been the fastest growing markets for portable air conditioning systems as they are able to efficiently meet the climatic conditions of these regions. Asia Pacific region, Middle East and Africa will have slower growth, as climatic conditions do not provide sufficient cooling loads to handle the extreme temperature of this region. The same is expected to other tropical countries too.

Asia Pacific represents the largest regional market in the global air conditioning systems industry, accounting for more than one-third of the market share in 2012. The huge customer base, the fast economical expansion, growing demand in the construction industry, and the rising income level of the middle class, are major contributors to the growth of air conditioning systems market in this region. China and Japan represent the largest markets in Asia Pacific, with China expected to capture one third of the world demand through 2018. India and Indonesia are expected to exhibit double digit growth during the forecast period. The demand for air conditioning systems in Asia Pacific is expected to grow at a CAGR of 8.3% from 2012 to 2018.

global-portable-air-conditioning-systems-price-trend-and-forecast-by-geography
The market of Asia Pacific region is price sensitive, but the improving disposable income of consumers in this region will allow them to purchase the products which are conventionally considered as luxury products. The growing awareness about intelligent, energy efficient and environment friendly products in this region will increase the demand of air conditioning systems. The uncertainties about climatic conditions such as warmer summers are one of the major factors playing a crucial role in the growth of the air conditioning systems in the Asia Pacific region. The demand for split air conditioners has increased in the last five years due to increase in demand for Japanese Ducted systems and VRF’s. Also, the air conditioning system with intelligent cooling, efficient compressors, remote access, and natural refrigerants are attracting the customers of the Asia Pacific region.

The air conditioning systems market is dominated by several major players, such as Daikin Industries Ltd., LG Electronics, Mitsubishi Corporation, Samsung Electronics, Carrier, Haier Electronics Group Co., Ltd, and many more. The market has high competitive rivalry, and small players will find it difficult to establish themselves in the market. They have several environmental challenges besides having to compete with key players and their strategies of acquisition. 

 

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