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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217286

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217286

Air-Conditioning Equipment Global Market Opportunities And Strategies To 2032

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PAGES: 175 Pages
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“Air-Conditioning Equipment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on air-conditioning equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for air-conditioning equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The air-conditioning equipment market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Unitary Air Conditioners; Room Air Conditioners; Packaged Terminal Air Conditioners; Chillers; Absorption Liquid Chillers

2) By Components: Refrigerant; Compressor; Condenser Coil; Expansion Valve; Evaporator Coil

3) By Application: Residential; Commercial

Companies Mentioned: Daikin Industries Ltd.; Lennox International Inc.; Hitachi Ltd.; Panasonic Corporation; Electrolux AB

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the air-conditioning equipment market are: Daikin Industries Ltd, Lennox International Inc, Hitachi Ltd, Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd, Samsung Electronics Co. Ltd, Sharp Corporation, and Ingersoll-Rand.

The global air-conditioning equipment market will grow from $222.27 billion in 2022 to $231.53 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The air-conditioning equipment market is expected to grow to $281.59 billion in 2027 at a CAGR of 5.0%.

The air-conditioning equipment market consists of sales of window air conditioners, portable air conditioners, wall hung split or multi head split air conditioners, ducted air conditioning. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The air-conditioning equipment refers to a device used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces.

The Asia Pacific was the largest region in the air-conditioning equipment market in 2022. North America was the second largest region in the air-conditioning equipment market. The regions covered in the air-conditioning equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main product types of air- conditioning equipment are unitary air conditioners, room air conditioners, packaged terminal air conditioners, chillers, and absorption liquid chillers. A chiller refers to a device that controls the temperature by circulating a liquid like water or heat medium as a cooling liquid whose temperature was adjusted by the refrigerant cycle. The components are refrigerant, compressor, condenser coil, expansion valve, and evaporator coil. The various applications involved are residential and commercial.

Increasing urbanization and industrialization are projected to boost the demand for air-conditioning equipment during the forecast period. The surge in urban population and the growing number of industrial activities are expected to generate a high requirement for HVAC equipment including air-conditioning equipment. According to the publication by Our World In Data, people living in urban areas worldwide are projected to reach about 7 billion people by the end of 2050. Moreover, according to United Nations-Habitat's World Cities Report 2022, the urbanization in is predicted to grow to 675 million in 2035, which is the 2nd highest behind China's 1 billion urban population. Therefore, rapid urbanization is driving the growth of the air-conditioning equipment market.

The high cost of air-conditioning installation and replacement limits air-conditioning equipment's market growth over the forecast period. Air-conditioner installments include installation of an electric conduit from the disconnect to the air conditioner, indoor evaporator coil, outside electric disconnect, outdoor pad, PVC pipe a drain line, and new copper line set from the indoor coil to the air conditioner. The cost of installation depends on the complexity of the electrical modifications and ranges from $100 -$600. The cost of replacement for an air conditioner in a residential building may range from $4,400 to $13,000. The price of entry-level or single-stage air conditioner ranges from $4,400 - $8,000, mid-range or two-stage air conditioner from $6,200 - $9,500, and high-end or variable speed air conditioner ranges from $8,200 - $13,000. Thus, the high cost of air-conditioning installation and replacement is likely to have a negative impact on the growth of the market.

The countries covered in the air-conditioning equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The air-conditioning equipment market research report is one of a series of new reports from The Business Research Company that provides air-conditioning equipment market statistics, including air-conditioning equipment industry global market size, regional shares, competitors with an air-conditioning equipment market share, detailed air-conditioning equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air-conditioning equipment industry. This air-conditioning equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r2394

Table of Contents

1. Executive Summary

2. Air-Conditioning Equipment Market Characteristics

3. Air-Conditioning Equipment Market Trends And Strategies

4. Air-Conditioning Equipment Market - Macro Economic Scenario

4.1 COVID-19 Impact On Air-Conditioning Equipment Market

4.2 Ukraine-Russia War Impact On Air-Conditioning Equipment Market

4.3 Impact Of High Inflation On Air-Conditioning Equipment Market

5. Air-Conditioning Equipment Market Size And Growth

  • 5.1. Global Air-Conditioning Equipment Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Air-Conditioning Equipment Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Air-Conditioning Equipment Market Segmentation

  • 6.1. Global Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Unitary Air Conditioners
  • Room Air Conditioners
  • Packaged Terminal Air Conditioners
  • Chillers
  • Absorption Liquid Chillers
  • 6.2. Global Air-Conditioning Equipment Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Refrigerant
  • Compressor
  • Condenser Coil
  • Expansion Valve
  • Evaporator Coil
  • 6.3. Global Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Residential
  • Commercial

7. Air-Conditioning Equipment Market Regional And Country Analysis

  • 7.1. Global Air-Conditioning Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Air-Conditioning Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Air-Conditioning Equipment Market

  • 8.1. Asia-Pacific Air-Conditioning Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Air-Conditioning Equipment Market

  • 9.1. China Air-Conditioning Equipment Market Overview
  • 9.2. China Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Air-Conditioning Equipment Market

  • 10.1. India Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Air-Conditioning Equipment Market

  • 11.1. Japan Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Air-Conditioning Equipment Market

  • 12.1. Australia Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Air-Conditioning Equipment Market

  • 13.1. Indonesia Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Air-Conditioning Equipment Market

  • 14.1. South Korea Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Air-Conditioning Equipment Market

  • 15.1. Western Europe Air-Conditioning Equipment Market Overview
  • 15.2. Western Europe Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Air-Conditioning Equipment Market

  • 16.1. UK Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Air-Conditioning Equipment Market

  • 17.1. Germany Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Air-Conditioning Equipment Market

  • 18.1. France Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Air-Conditioning Equipment Market

  • 19.1. Eastern Europe Air-Conditioning Equipment Market Overview
  • 19.2. Eastern Europe Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Air-Conditioning Equipment Market

  • 20.1. Russia Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Air-Conditioning Equipment Market

  • 21.1. North America Air-Conditioning Equipment Market Overview
  • 21.2. North America Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Air-Conditioning Equipment Market

  • 22.1. USA Air-Conditioning Equipment Market Overview
  • 22.2. USA Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Air-Conditioning Equipment Market

  • 23.1. South America Air-Conditioning Equipment Market Overview
  • 23.2. South America Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Air-Conditioning Equipment Market

  • 24.1. Brazil Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Air-Conditioning Equipment Market

  • 25.1. Middle East Air-Conditioning Equipment Market Overview
  • 25.2. Middle East Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Air-Conditioning Equipment Market

  • 26.1. Africa Air-Conditioning Equipment Market Overview
  • 26.2. Africa Air-Conditioning Equipment Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Air-Conditioning Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Air-Conditioning Equipment Market Competitive Landscape And Company Profiles

  • 27.1. Air-Conditioning Equipment Market Competitive Landscape
  • 27.2. Air-Conditioning Equipment Market Company Profiles
    • 27.2.1. Daikin Industries Ltd.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Lennox International Inc.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Hitachi Ltd.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Panasonic Corporation
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Electrolux AB
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Air-Conditioning Equipment Market

29. Air-Conditioning Equipment Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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