Report Description

Global Air Conditioners Market By Product Type (Light Commercial Air Conditioner, Ductable Splits, VRF, Chiller and Others), By Region (Asia-Pacific, North America, Europe, South America and MEA), Competition Forecast & Opportunities, 2013 - 2023

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.


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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

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