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Report
Global Air Conditioners (AC) Market Report and Forecast 2023-2028
Market Report I 2023-04-06 I 128 Pages I EMR Inc.
Global Air Conditioners Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global air conditioners market attained a value of USD 139.73 billion in 2022. Aided by the rising global temperatures, urbanisation, and increasing disposable income, the market is projected to grow at a CAGR of 6.8% between 2023 and 2028 to reach a value of USD 207.21 billion by 2028.
Air conditioners are devices that regulate temperature, humidity, and air quality within a designated space. They work by removing heat and moisture from the interior of an occupied space to improve the comfort of occupants. Air conditioners are available in various types, such as split systems, central systems, window units, and portable units. They are widely used in residential, commercial, and industrial applications to provide a comfortable indoor environment. The growth of the air conditioners market is primarily driven by the increasing global temperatures due to climate change. As the average temperatures rise, the demand for air conditioning systems to maintain a comfortable indoor environment is expected to grow. This, in turn, is expected to drive the sales of air conditioners worldwide.
Another key factor propelling the growth of the air conditioners market is the rapid urbanisation taking place across the globe. Moreover, the rising disposable income among consumers is another significant factor contributing to the growth of the air conditioners market for air conditioners. As the purchasing power of consumers increases, the demand for air conditioning systems is expected to rise, as they are considered essential for maintaining a comfortable living environment.
Furthermore, technological advancements and innovations in the air conditioning industry are expected to support the growth of the air conditioners market. Manufacturers are focusing on developing energy-efficient and environmentally friendly air conditioning systems to cater to the increasing consumer demand for sustainable products. The introduction of air conditioners with inverter technology, smart controls, and energy-saving features is expected to create new growth opportunities for the market.
In addition, the increasing focus on improving indoor air quality is anticipated to fuel the demand for air conditioners with air purification capabilities. Air pollution is a major concern in urban areas, and air conditioners with built-in air purifiers can help in maintaining a healthy indoor environment by filtering out harmful particles and pollutants. The growing awareness about the importance of indoor air quality is expected to drive the demand for air conditioners with integrated air purification systems and boost the growth of the air conditioners market.
Market Segmentation?
The market can be divided on the basis of type, size, end use, distribution channel, and region.
Market Breakup by Type:
- Window AC
- Central AC
- Mini Split AC
- Others
Market Segmentation by Size:
- <12K BTU
- 12K-36K BTU
- 36K-60K BTU
- 60K+ BTU
Market Segregation by End Use:
- Commercial
- Residential
Market Classification by Distribution Channel:
- Hypermarket
- Electronic Stores
- Online
- Others
Market Division by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape?
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global air conditioner companies. Some of the major key players explored in the report by Expert Market Research are as follows:???
- Nortek
- AB Electrolux
- LG Electronics
- DAIKIN INDUSTRIES, Ltd.,
- Fujitsu General Limited
- Johnson Controls
- Others
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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.?
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Air Conditioners (AC) Market Analysis
8.1 Key Industry Highlights
8.2 Global Air Conditioners (AC) Historical Market (2018-2022)
8.3 Global Air Conditioners (AC) Market Forecast (2023-2028)
8.4 Global Air Conditioners (AC) Market by Type
8.4.1 Window AC
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Central AC
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Mini Split AC
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Air Conditioners (AC) Market by Size
8.5.1 <12K BTU
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 12K-36K BTU
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 36K-60K BTU
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 60K+ BTU
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Air Conditioners (AC) Market by End Use
8.6.1 Commercial
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Residential
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Air Conditioners (AC) Market by Distribution Channel
8.7.1 Hypermarket
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Electronic Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Online
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Air Conditioners (AC) Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Air Conditioners (AC) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Air Conditioners (AC) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Air Conditioners (AC) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Air Conditioners (AC) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Air Conditioners (AC) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nortek
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AB Electrolux
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 LG Electronics
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 DAIKIN INDUSTRIES, Ltd.,
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Fujitsu General Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Johnson Controls
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
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