Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Central Air Conditioning Market Size

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.

 

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.

 

Central Air Conditioning Market Report Snapshots

Central Air Conditioning Market Size

Central Air Conditioning Market Growth

Central Air Conditioning Companies

 

*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

The global central air conditioning market is projected to grow at a CAGR of 6.7% between 2025 and 2034.

The major drivers of the market include the increasing income levels, modernisation, rising standards of living, technologically advanced concepts, use of artificial intelligence and the internet of things (IoT), and high investment in the research and development of efficient products.

The changing climatic conditions and growing demand from the commercial construction sector are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Based on type, the market is divided into split system, packaged unit, and rooftop system.

The major applications are residential and commercial.

The major players in the industry are Daikin Industries Ltd., Carrier Corporation, Lennox International Inc., Blue Star Limited, and Fujitsu General Limited, among others.

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