Solar Air Conditioning Market Grow with a CAGR of 4.52% through 2030

The Global Solar Air Conditioning Market is growing due to rising energy demand, increasing electricity costs, growing environmental concerns, and supportive government policies.

According to TechSci Research report, “Solar Air Conditioning Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the global Solar Air Conditioning Market stood at USD 598.78 Million in 2024 and is expected to grow USD 780.52 Million by 2030 with a CAGR of 4.52% during the forecast period. The global solar air conditioning market is witnessing steady growth as rising energy consumption, escalating electricity costs, and growing environmental concerns drive demand for sustainable cooling solutions. With air conditioning accounting for a significant share of global electricity usage, especially in rapidly urbanizing regions, the need for renewable-based alternatives has become more urgent. Solar air conditioning offers a promising solution by utilizing solar photovoltaic (PV) panels or solar thermal energy to power cooling systems, thereby reducing dependence on conventional electricity sources. The increasing frequency of heatwaves and rising global temperatures are further fueling demand, making solar ACs an attractive option for both residential and commercial users.

Technological innovation has been central to the market’s momentum, particularly with the advent of hybrid solar air conditioning systems. Unlike purely solar-powered systems, hybrid units combine solar energy with grid electricity or batteries, ensuring reliable operation even during periods of low sunlight. This adaptability has made hybrid models more appealing to consumers and businesses alike, positioning them as the leading product type in the market. Additionally, advances in solar PV technology, such as high-efficiency panels, bifacial modules, and smart inverters, are making solar energy capture more cost-effective and accessible. Energy storage innovations, particularly lithium-ion and solid-state batteries, are further enhancing the feasibility of solar ACs by enabling round-the-clock usage.

Growing global focus on climate change mitigation and carbon footprint reduction is expected to accelerate demand, as cooling systems remain one of the largest contributors to global energy consumption and emissions. International agreements such as the Paris Accord and national renewable energy mandates are pressuring governments and industries to invest in cleaner technologies, creating fertile ground for solar AC adoption. Additionally, the rapid decline in solar PV panel costs over the past decade has made solar energy more economically viable, while financing schemes, tax incentives, and net metering policies are further reducing barriers for consumers. The increasing integration of solar ACs into green buildings and smart city projects is another significant driver, as developers and policymakers seek sustainable infrastructure solutions.

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The global Solar Air Conditioning Market is segmented into type, end use, distribution channel, and region.

Based on end use, residential segment was the dominating category in the global solar air conditioning market, supported by rising demand for energy-efficient and cost-saving cooling solutions among households. With increasing electricity tariffs and growing awareness of renewable energy, homeowners are turning to solar ACs as a sustainable alternative to conventional systems. Hybrid solar ACs, in particular, are gaining popularity in urban and semi-urban areas due to their reliability, ease of installation, and ability to reduce electricity bills. Government incentives, tax rebates, and financing options further encourage residential adoption, positioning this segment at the forefront of market growth globally.

Based on region, North America is emerging as the fastest-growing region in the global solar air conditioning market, fueled by strong government support, rising environmental awareness, and growing demand for energy-efficient cooling solutions. The United States and Canada are witnessing increasing adoption of solar ACs, supported by tax credits, rebates, and renewable energy programs such as the U.S. Federal Investment Tax Credit (ITC). Rapid advancements in solar PV technology, coupled with declining panel and battery storage costs, are further driving adoption across residential, commercial, and industrial sectors. Additionally, the region’s focus on reducing carbon emissions, integrating renewable energy into smart homes, and meeting green building standards is accelerating demand, positioning North America as a key growth hotspot in the market.

Major companies operating in the global Solar Air Conditioning Market are:

• Lennox International Inc.
• NingBo Deye Inverter Technology Co.，Ltd.
• ICESolair Pty Ltd.
• Videocon Industries Limited
• HotSpot Energy, Inc.
• Solair World
• Gree Electric Appliances Inc.
• Midea Group
• Haier Group Corporation
• Nexus Solar Energy Pvt Ltd. 

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“The global solar air conditioning market is driven by rising energy demand, growing electricity costs, supportive government incentives, and the push for reducing carbon emissions through renewable energy adoption. At the same time, major trends include the rapid uptake of hybrid solar AC systems, integration of smart IoT technologies, and the growing role of solar ACs in green buildings and smart city projects. Declining solar PV and battery storage costs are also making these systems more accessible and attractive for both residential and commercial users”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Solar Air Conditioning Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Solar Thermal AC, Hybrid Solar AC, Others), By End Use (Residential, Commercial), By Distribution Channel (Online, Offline), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global Solar Air Conditioning Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Solar Air Conditioning Market.

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