Air Conditioning Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Air Conditioning Equipment Trends and Forecast

The future of the global air conditioning equipment market looks promising with opportunities in the residential, commercial, and industrial markets. The global air conditioning equipment market is expected to reach an estimated $179.4 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are rising number of commercial and industrial construction projects and continual growth of industrial activities.

A more than 150-page report is developed to help in your business decisions.

Air Conditioning Equipment by Segment

The study includes a forecast for the global air conditioning equipment by type, end use, and region.

Air Conditioning Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Split System
• Variable Refrigerant Flow (VRF)
• Air Handling Units
• Chillers
• Fan Coils
• Indoor Packaged and Roof Tops
• Others

Air Conditioning Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial

Air Conditioning Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Air Conditioning Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air conditioning equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air conditioning equipment companies profiled in this report include-

• Daikin Industries
• Hitachi
• Electrolux AB
• Mitsubishi Electric
• Johnson Controls

Air Conditioning Equipment Market Insights

Lucintel forecasts that split system is expected to witness the highest growth over the forecast period.

Within this market, residential is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Air Conditioning Equipment Market

Market Size Estimates: Air conditioning equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Air conditioning equipment market size by type, end use, and region in terms of value ($B).

Regional Analysis: Air conditioning equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the air conditioning equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air conditioning equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the air conditioning equipment market size?

Answer: The global air conditioning equipment market is expected to reach an estimated $179.4 billion by 2030.

Q2. What is the growth forecast for air conditioning equipment market?

Answer: The global air conditioning equipment market is expected to grow with a CAGR of 5.9% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the air conditioning equipment market?

Answer: The major drivers for this market are rising number of commercial and industrial construction projects and continual growth of industrial activities.

Q4. What are the major segments for air conditioning equipment market?

Answer: The future of the air conditioning equipment market looks promising with opportunities in the residential, commercial, and industrial markets.

Q5. Who are the key air conditioning equipment market companies?

Answer: Some of the key air conditioning equipment companies are as follows:

• Daikin Industries
• Hitachi
• Electrolux AB
• Mitsubishi Electric
• Johnson Controls

Q6. Which air conditioning equipment market segment will be the largest in future?

Answer: Lucintel forecasts that split system is expected to witness the highest growth over the forecast period.

Q7. In air conditioning equipment market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the air conditioning equipment market by type (split system, variable refrigerant flow (VRF), air handling units, chillers, fan coils, indoor packaged and roof tops, and others), end use (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?