Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1675423
PUBLISHER: IMARC | PRODUCT CODE: 1675423
Commercial Air Conditioner Market by Type (Chillers, Split Units, Packaged Unit, Variable Refrigerant Flow, and Others), Installation Type, End User, and Region 2025-2033
PUBLISHED:
PAGES: 139 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The global commercial air conditioner (AC) market size reached 19.3 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 28.4 Million Units by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033. The rising installation of advanced and energy-efficient cooling systems in hospitality establishments, elevating temperatures and humidity levels worldwide, and increasing acceptance of ACs as utility products represent some of the key factors driving the market.
Commercial air conditioners are electrical appliances designed to chill, heat, and dehumidify air in defined, usually enclosed spaces. They rely on a refrigeration cycle to treat the air and work by drawing the warm air from the room and replacing it with cooler air. They generally combine the heating and cooling systems into a single rooftop unit for optimum energy consumption. They aid in maintaining a comfortable temperature and air quality for customers and employees in commercial spaces of all sizes. They are widely available in different cooling capacities, power, and settings, such as chillers, central air conditioning systems, packaged units, and multi-split and ductless mini-split air conditioners. Since these units require a significant amount of space, they are commonly installed on the rooftops of buildings, which also assists in preventing noise from disturbing the inhabitants or business operations. As a result, commercial air conditioners are extensively deployed in various commercial settings, including shopping malls, offices, schools, gyms, hotels, restaurants, shops, and movie theaters.
Commercial Air Conditioner (AC) Market Trends:
Due to the rapid growth of the hospitality and travel and tourism industries, there is a surge in the installation of advanced systems in hotels, restaurants, and resorts to improve guest satisfaction, comfort, and retention. This, coupled with the escalating demand for energy-efficient cooling systems, especially from regions with soaring temperature and humidity levels, represents the primary factor driving the market growth. Additionally, the combined effects of ozone layer depletion and constantly worsening climate conditions owing to elevating air pollution levels and global warming have led to a gradual increase in the average temperature worldwide. In line with this, the rising acceptance of air conditioning systems as utility products instead of luxury items on account of climate change has augmented the product demand to maintain cool and comfortable temperatures in commercial spaces. Furthermore, the introduction of stringent government regulations on refrigerants is prompting manufacturers to develop energy-efficient and eco-friendly products. Along with this, the launch of innovative product variants by key players, such as commercial air conditioners embedded with energy-saving features and inverter and air purification technologies, has catalyzed the market growth. Other factors, including rapid urbanization and industrialization, increasing construction of commercial spaces, improving lifestyles, and ongoing technological advancements, are also anticipated to provide a positive thrust to market growth.
Key Market Segmentation:
Type Insights:
- Commercial Air Conditioner (AC) Market
- Chillers
- Split Units
- Packaged Unit
- Variable Refrigerant Flow (VRF)
- Others
Installation Type Insights:
- New Installation
- Retrofit
End User Insights:
- Healthcare
- Educational/Institutional
- Public/Government
- Retail
- Hospitality
- Manufacturing
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific was the largest market for commercial air conditioners (AC). Some of the factors driving the Asia-Pacific commercial air conditioner (AC) market included the expanding hospitality sector due to the rising number of tourists traveling to Asia-Pacific countries, growing commercialization, escalating demand for cooling equipment owing to high-temperature levels in the region, etc.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global commercial air conditioner (AC) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Airedale International Air Conditioning Ltd. (Modine Manufacturing Company), Blue Star Limited, Carrier Global Corporation, Daikin Industries Ltd., Fujitsu General Limited, Gree Electric Appliances Inc., Haier Group Corporation, Hitachi Ltd., LG Electronics Inc., Mitsubishi Electric Corporation, Panasonic Holdings Corporation, Samsung Electronics Co. Ltd., Voltas Limited, etc. Kindly note that this only represents a partial list of companies and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global commercial air conditioner (AC) market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global commercial air conditioner (AC) market?
- What is the impact of each driver, restraint, and opportunity on the global commercial air conditioner (AC) market?
- What are the key regional markets?
- Which countries represent the most attractive commercial air conditioner (AC) market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the commercial air conditioner (AC) market?
- What is the breakup of the market based on the installation type?
- Which is the most attractive installation type in the commercial air conditioner (AC) market?
- What is the breakup of the market based on end user?
- Which is the most attractive end user in the commercial air conditioner (AC) market?
- What is the competitive structure of the global commercial air conditioner (AC) market?
- Who are the key players/companies in the global commercial air conditioner (AC) market?
Product Code: SR112025A7738
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Commercial Air Conditioner (AC) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Chillers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Split Units
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Packaged Unit
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Variable Refrigerant Flow (VRF)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Installation Type
- 7.1 New Installation
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Retrofit
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Healthcare
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Educational/Institutional
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Public/Government
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Retail
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Hospitality
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Manufacturing
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Airedale International Air Conditioning Ltd. (Modine Manufacturing Company)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Blue Star Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Carrier Global Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Daikin Industries Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Fujitsu General Limited
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Gree Electric Appliances Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Haier Group Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Hitachi Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 LG Electronics Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Mitsubishi Electric Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Panasonic Holdings Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Samsung Electronics Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Voltas Limited
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.1 Airedale International Air Conditioning Ltd. (Modine Manufacturing Company)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR112025A7738
List of Figures
- Figure 1: Global: Commercial Air Conditioner Market: Major Drivers and Challenges
- Figure 2: Global: Commercial Air Conditioner Market: Sales Volume (in Million Units), 2019-2024
- Figure 3: Global: Commercial Air Conditioner Market Forecast: Sales Volume (in Million Units), 2025-2033
- Figure 4: Global: Commercial Air Conditioner Market: Sales Value (in Billion USD), 2019-2024
- Figure 5: Global: Commercial Air Conditioner Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 6: Global: Commercial Air Conditioner Market: Breakup by Type (in %), 2024
- Figure 7: Global: Commercial Air Conditioner Market: Breakup by Installation Type (in %), 2024
- Figure 8: Global: Commercial Air Conditioner Market: Breakup by End User (in %), 2024
- Figure 9: Global: Commercial Air Conditioner Market: Breakup by Region (in %), 2024
- Figure 10: Global: Commercial Air Conditioner (Chillers) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Commercial Air Conditioner (Chillers) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Commercial Air Conditioner (Split Units) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Commercial Air Conditioner (Split Units) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Commercial Air Conditioner (Packaged Unit) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Commercial Air Conditioner (Packaged Unit) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Commercial Air Conditioner (Variable Refrigerant Flow (VRF)) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Commercial Air Conditioner (Variable Refrigerant Flow (VRF)) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Commercial Air Conditioner (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Commercial Air Conditioner (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Commercial Air Conditioner (New Installation) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Commercial Air Conditioner (New Installation) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Commercial Air Conditioner (Retrofit) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Commercial Air Conditioner (Retrofit) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Commercial Air Conditioner (Healthcare) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Commercial Air Conditioner (Healthcare) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Commercial Air Conditioner (Educational/Institutional) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Commercial Air Conditioner (Educational/Institutional) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Commercial Air Conditioner (Public/Government) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Commercial Air Conditioner (Public/Government) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Commercial Air Conditioner (Retail) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Commercial Air Conditioner (Retail) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Commercial Air Conditioner (Hospitality) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Commercial Air Conditioner (Hospitality) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Global: Commercial Air Conditioner (Manufacturing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Global: Commercial Air Conditioner (Manufacturing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: North America: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: North America: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: United States: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: United States: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Canada: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Canada: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Asia-Pacific: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Asia-Pacific: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: China: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: China: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Japan: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Japan: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: India: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: India: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: South Korea: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: South Korea: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Australia: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Australia: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Indonesia: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Indonesia: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Others: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Others: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Europe: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Europe: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Germany: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Germany: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: France: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: France: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: United Kingdom: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: United Kingdom: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Italy: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Italy: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Spain: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Spain: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Russia: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Russia: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Others: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Others: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Latin America: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Latin America: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Brazil: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Brazil: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Mexico: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Mexico: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Others: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Others: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 82: Middle East and Africa: Commercial Air Conditioner Market: Sales Value (in Million USD), 2019 & 2024
- Figure 83: Middle East and Africa: Commercial Air Conditioner Market: Breakup by Country (in %), 2024
- Figure 84: Middle East and Africa: Commercial Air Conditioner Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 85: Global: Commercial Air Conditioner Industry: Drivers, Restraints, and Opportunities
- Figure 86: Global: Commercial Air Conditioner Industry: Value Chain Analysis
- Figure 87: Global: Commercial Air Conditioner Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Commercial Air Conditioner Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Commercial Air Conditioner Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Global: Commercial Air Conditioner Market Forecast: Breakup by Installation Type (in Million USD), 2025-2033
- Table 4: Global: Commercial Air Conditioner Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 5: Global: Commercial Air Conditioner Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Commercial Air Conditioner Market: Competitive Structure
- Table 7: Global: Commercial Air Conditioner Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.