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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Air Conditioners (AC) Market Analysis
The various types of AC in the market are mini split AC, window AC, and central AC, among others. The market is split into four categories according on size: < 12K BTU, 12K–36K BTU, 36K–60K BTU, and 60K+ BTU. The end-uses of the market are commercial and residential. The several distribution channels in the market are hypermarket, electronic stores, and online, among others.
The regional markets for air conditioners (AC) can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The comprehensive EMR study offers a detailed analysis of the market based on a SWOT analysis and Porter's five forces model.
Air Conditioners (AC) Market Report Snapshots
Air Conditioners (AC) Market Size
Air Conditioners (AC) Market Analysis
Air Conditioners (AC) Companies
Air Conditioners (AC) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market reached a value of nearly USD 149.51 billion.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The major drivers of the market include the incorporation of air filters in air conditioners, inflating disposable incomes, growing middle class population, and rising temperatures due to climate change.
Growing consumer awareness regarding energy efficient cooling systems and emergence of technologically advanced air conditioners are the key industry trends.
The major regional markets are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of AC in the market are central AC, window AC, and mini split AC, among others.
Based on size, the market is divided into <12K BTU, 12K-36K BTU, 36K-60K BTU, and 60K+ BTU.
The end-uses of the market are commercial and residential.
The several distribution channels in the market are hypermarket, electronic stores, and online, among others.
The major players in the industry are Nortek, AB Electrolux, LG Electronics, DAIKIN INDUSTRIES, Ltd., Fujitsu General Limited, and Johnson Controls, among others.
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