Global Central Air Conditioning Market Report and Forecast 2024-2032

Global Central Air Conditioning Market Outlook

The global central air conditioning market is expected to grow at a CAGR of 6.7% during the period 2024-2032. The market is expected to be driven by changing climatic conditions and growing demand from the commercial construction sector. North America, Europe and Asia are expected to be key markets.

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Global Market Likely to be Driven by Demand for Energy-efficient Central Air Conditioning Solutions and Consumers’ Desire for Increased Comfort

Increasing income levels, modernization and rising standards of living are significantly influencing the domestic and the commercial HVAC industry, and demand for technologically advanced and energy-efficient central air conditioning systems is increasing. In the commercial construction industry, the selection of an appropriate central air conditioning system is important as a wrong selection could increase initial or running costs of the system and decrease comfort and indoor air quality.

Central air conditioning is a system wherein air is cooled at a central location and distributed to and from rooms by one or several fans and ductwork. In central air conditioning systems, cool air is circulated through an arrangement of supply and return conduits. Supply channels and registers (i.e., cavities in walls, floors, or ceilings covered with grills) transfer cool air from the air conditioner to the house. As this cooled air warms while circulating through the house, it drifts back to the central air conditioner through return ducts and registers. Central air conditioners are more efficient, quiet, easy to operate and convenient than room air conditioners. A central air conditioning system is generally used to cool houses, factories, big buildings, offices, hotels, etc. For big areas to cool, central air conditioning is probably the most appropriate alternative.

A central air conditioner may be a split-system unit or a packaged unit. In a split-type central air conditioning system, an outdoor cabinet holds the outdoor heat exchanger, fan, and compressor, while an indoor cabinet holds the indoor heat exchanger and blower. In several split-system air conditioners, the indoor cabinet may hold a furnace or an indoor heat exchanger of a heat pump. If a house already has a furnace but not an air conditioner, a split-system may be an economical alternative.

In a packaged system, the heat exchangers, compressor, fan, and blower are held in a cabinet; the cabinet is generally kept on a roof or on a concrete slab next to the foundation of the house. This kind of air conditioning system is also employed in small commercial buildings. Supply and return ducts extend from the interiors through the structure’s exterior wall or roof to link with the packaged air conditioner. Packaged air conditioning systems generally include electric heating coils or a natural gas furnace. The grouping of air conditioner and central heater does away with the need for a separate furnace.

Efficient and High-performance Central Air Conditioning Solutions Expected to Drive Market Growth

Several leading companies offer efficient solutions that deliver high performance. These include American Standard, Heil, Trane, Bryant, Goodman, Amana, Carrier, York, Lennox, Rheem, etc. Each brand offers unique central air conditioning features and characteristics such as high energy efficiency, silent functioning, greater reliability, attractive warranty cover, smart home options, extensive range, cost-efficiency, good customer care, etc.

However, higher costs associated with some solutions might hinder market growth.

Global Central Air Conditioning Market Segmentation

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By type, the market is segmented into:

• Split System
• Packaged Unit
• Rooftop System

By application, the market is divided into:

• Residential 
• Commercial

By region, the market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Global Central Air Conditioning Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Daikin Industries Ltd.
• Carrier Corporation
• Lennox International Inc.
• Blue Star Limited
• Fujitsu General Limited
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Central Air Conditioning Market Report Snapshots

Central Air Conditioning Market Size

Central Air Conditioning Market Growth

Central Air Conditioning Companies