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Air Conditioning Systems Market Trends

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 2019 - 2027

Air Conditioning Systems Market Witness Massive Prospects from Rise in Adoption of Advanced HVAC in Commercial Applications

A large combinations of heating, ventilation, and cooling (HVAC) systems are expanding the options for air conditioning systems in range of industrial and commercial applications. The growing demand for different types of air conditioning systems to meet the applications of commercial buildings is a key driver for prospects of the air conditioning systems market.

Over the years, the rapid expansion of the industries in urban areas of emerging economies has spurred facility managers to upgrade their HVACs. Players in the market are responding to the demands by offering advanced filters and ventilation systems that need less maintenance and are cost-effective. Commercial HVAC systems are contributing sizable revenues to the global air conditioning systems market.

Over the years, the strides made in services sector in various emerging economies has spurred the demand for VRV (variable refrigerant volume) systems for offices. Employers have become more conscious about ensuring a cosy ambient for the workers throughout the years by improvising the HVAC systems.

Maintenance is a key aspect that has increasing shaped the decision making for adopters on the choice of HVAC in the air conditioning systems market. Enormous advancements have been made in control systems and electronics. This has helped reduce the downtime. The growing demand for air conditioning systems in hotels, retail stores, and educational institutions is expanding the horizon of the market.

Rise in per capital income of developing economies has propelled momentum to the demand for and sales of air conditioning systems in residential apartments. Brands are adopting new micromarketing strategies such as offers and discounts to allure customers across the various end users, thereby boosting the revenue generation prospect of various players in the air conditioning systems. Growing focus on preventive maintenance is a key aspect that has propelled new avenues for players across the value chain in the market.

Air Conditioning Systems Market: Snapshot

Global air conditioning system market is expected to grow at a significant pace as a result of the requirement to keep healthy indoor air being damaged from thermal environmental factors including temperature, humidity, and air pressure. Majority of the companies are working on energy efficient products as a result of rising consumer awareness towards the requirement of energy conservation. Moreover, concerns associated with air pollution have also spurred the demand for air purifying technologies, a trend that 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$ 160.3 bn by 2027.

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Commercial Segment is expected to grow at a Higher Pace

In term of application, air conditioning system market has been segmented into commercial, residential, automotive, and industrial sectors. Commercial segment accounted for the major application in 2018, with a market share of 40%. This segment is poised to retain its lead through 2027 as a result of increasing usage of air conditioning systems in areas such as construction, hotel and tourism, hospitals, clinics, and healthcare. By volume, however, the residential application segment dominated the market in 2018. This segment is also anticipated to expand at the highest CAGR based on revenue from 2019 to 2027

On the basis of type of equipment, the air conditioning systems market is bifurcated into 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 2018. This segment also dominated the air conditioning systems market by volume. 

fa global air conditioning systems market

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Asia Pacific Is the Largest and Fastest Growing Market

In terms of region, the air conditioning systems market has been segmented into North America, Latin America, Europe, Asia Pacific, 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 forecasted to significantly drive the demand for air conditioning systems in the coming years. Rising number of commercial buildings in India and China will also boost the sales of air conditioning system in Asia Pacific.

North America also accounted for the significant share in this 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. U.S. accounted for major share in this region. However, 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.

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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. 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. Increasing demand for energy-efficient products will further drive market growth in the coming years.

Growing Consumer Awareness in Air Conditioning Systems Market Drive Market

A wide range of heating, ventilating, and air conditioning systems (HVAC) are used in commercial and residential establishments. Their operations has attracted attention among facility managers who have been relentlessly pursuing to adopt technologies that reduce the energy consumption or those that improve the energy efficiency considerably. This is one of the key technological propositions attracting potential consumers in the air conditioning systems market. This makes huge business sense, the reason having to do with the fact established by a body of studies that residential buildings consume huge energy worldwide. Hence, the need for improving the operational parameters is imperative for industry players and governments around the world. A number of modelling techniques have offered huge promise in relation to dynamic optimization, hence rendering huge savings for end users. The growing use of HVAC systems in multi-zone buildings is a key trend boosting the prospects in the air conditioning systems market. IAQ variables and thermal comfort are some of the key criteria used to evaluate the exact need in these applications. In various technological strides, MPC controllers have also been a key focus for manufacturers of HVAC. Growing number of field studies has helped them make correct evaluations. 

The fallouts and aftermath of COVID-19 pandemic has disrupted the economic and health systems worldwide. The pandemic on one hand lent massive morbidity and mortality in the affected population, while on the other crippled several business activities, particularly in second and third quarter in 2020. The post-pandemic world has witnessed numerous new business models and game-changing strategic frameworks catching on momentum in recent months. Companies in the air conditioning systems market have also been influenced by these macroeconomic and microeconomic trends. The pandemic also saw a large percentage of populations being confined to their homes and many severely suffered from loss in incomes. All these income patterns carved out the need for new consumer propositions for industry players to stay afloat in the market.

Air Conditioning Systems Market Trends

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Frequently Asked Questions

What is the Air Conditioning Systems market size ?

Air Conditioning Systems market is projected to reach US$160.3 bn by 2027

Who are the key players in the Air Conditioning Systems market ?

Daikin Industries Ltd., Gree Electric Appliances, Inc., and Carrier Corporation, Panasonic Corporation, Mitsubishi Corporation, and The Midea Group are few of the key vendors in the Air Conditioning Systems market.

What is the CAGR for Air Conditioning Systems market ?

The Air Conditioning Systems market is expected to grow at a CAGR of 5.1% during 2019-2027

What are the segments covered in the Air Conditioning Systems market report ?

Transparency Market Research has segmented the Air Conditioning Systems market By Equipment - (Portable air conditioning systems, Windows air conditioning systems, Splits, Cassette ACs, Single Packaged, Chillers, Airside) and By Application - (Industrial, Commercial, Residential, Automotive)

What are the key factors driving the growth of Air Conditioning Systems market ?

The key factors driving the Air Conditioning Systems market growth are: Adoption of Green Technology to Drive Growth Prospects of Market

Table of Content

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, 2019 – 2027 (US$ Mn and Million Units) and Year-on-Year Growth (%) 

3. Global Air Conditioning Systems Market Analysis, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (US$ Mn and Million Units) 

     4.1. Key Trends Analysis     

     4.2. North America Air Conditioning Systems Market Analysis, By Equipment Type, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (US$ Mn and Million Units) 

     5.1. Key Trends Analysis

     5.2. Europe Air Conditioning Systems Market Analysis, By Equipment Type, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (US$ Mn and Million Units) 

     6.1. Key Trends Analysis

     6.2. Asia Pacific Air Conditioning Systems Market Analysis, By Equipment Type, 2019 – 2027 (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, 2019 – 2027 (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, 2019 – 2027 (US$ Mn and Million Units)

            6.4.1. Conventional Stores

                    6.4.1.1. DIY Stores

                    6.4.1.2. Furniture stores

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

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 (%)

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