Global air conditioners market stood at
$ 121 billion in 2017 and is projected to grow at a CAGR of 11.8% to reach $
231 billion by 2023. Anticipated growth in the market can be predominantly attributed
to soaring temperature and humidity levels across the globe coupled with rising
acceptance of air conditioners as a utility product rather than a luxury
product. Additionally, emergence of technologically advanced air conditioners,
such as air conditioners with inverter and air purification technologies, is
further anticipated to positively influence the global air conditioners market
through forecast period. A major demand for air conditioners is emanating from
Asia-Pacific due to rapid infrastructure development and rising inclination of
people towards lifestyle products across the region.
Years considered for this report:
Historical
Years: 2013-2016
Base
Year: 2017
Estimated
Year: 2018
Forecast
Period: 2019–2023
Objective of the Study:
- To
analyze and forecast market size of global air conditioners market.
- To
define, classify and forecast global air conditioners market on the basis
of product type (Chillers, VRF, Ductable Split, Light Commercial Air
Conditioner and Others), Region (North America, South America, Europe,
Asia-Pacific and MEA) and company shares.
- To scrutinize the detailed market segmentation
and forecast the market size in terms of value by segmenting global air
conditioners into five regions namely, North America, South America,
Europe, Asia-Pacific and MEA.
- To identify tailwinds and headwinds for global
air conditioners market.
- To strategically profile the leading players,
which are involved in the supply of air conditioners across the globe.
Click here to download the brochure
Some of the major players operating in global
air conditioners market are Daikin Industries Ltd., Gree Electrical Appliances,
Inc. of Zhuhai, United Technologies Corporation, Midea
Group Co. Ltd., Hitachi-Johnson
Controls Air Conditioning, Inc., Ingersoll-Rand plc, LG
Electronics Inc., Qingdao Haier Co. Ltd., Panasonic Corporation, and Toshiba
Corporation.
TechSci Research performed primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of air conditioner manufacturers and suppliers around the globe.
Subsequently, we conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research was able to include
manufacturers that could not be identified due to the limitations of secondary
research. TechSci Research analyzed product offerings, end use sector/s, and
regional presence of all major air conditioners suppliers across the globe.
TechSci
Research calculated the market size for global air conditioners market using a
bottom-up approach, wherein manufacturers’ value & volume sales data for
different types of air conditioners (Chillers, VRFs, Ductable Splits, Light
Commercial Air Conditioners and Others) was recorded
and subsequently forecast for the future years was made. TechSci Research
sourced these values from industry experts and company representatives and externally
validated through analyzing historical sales data of respective manufacturers to arrive
at the overall market size. Various secondary sources such as company annual
reports, white papers, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Air conditioners
manufacturers, suppliers, distributors and other stakeholders
- Associations,
organizations, associations and alliances related to air conditioners
- Government
bodies such as regulating authorities and policy makers
- Market
research and consulting firms
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as air
conditioners manufacturers, distributors, dealers and policy makers. The report
also provides insights about
which market segments
should be targeted over the coming years in order to strategize investments and
capitalize on growth of the market.
Report Scope:
In this report, the global air conditioners market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Market,
by Product Type:
- Global
Air Conditioners Market
- Chillers
- VRFs
- Ductable
Splits
- Light
Commercial Air Conditioners
- Others
- Market,
by Product Type:
- Global
Light Commercial Air Conditioners Market
- High
Wall Splits
- Windows
- Cassettes
- Concealed
Ductable Splits
- Market,
by Region:
- North
America
- South
America
- Europe
- Asia-Pacific
- MEA
- Market,
by Company:
- Daikin
Industries, Ltd.
- Gree
Electrical Appliances, Inc. of Zhuhai
- United
Technologies Corporation
- Midea
Group Co. Ltd.
- Others
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in the global air conditioners market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Channel Partner Analysis
- Detailed list of distributors and dealers
across the country.
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Product Information
- Detailed analysis of new products in the
market and their driving forces.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com