Air Conditioners Market - Global Industry Size, Share, Trends, Opportunity and Forecast, By Type, By End Use, By Distribution Channel, By Region & Competition, 2020-2030F

Description

Global Air Conditioners Market was valued at USD 108.18 Billion in 2024 and is expected to grow to USD 140.52 Billion by 2030 with a CAGR of 4.46%. The global air conditioners market has been experiencing steady growth, driven by rising urbanization, increasing disposable incomes, and a growing demand for energy-efficient cooling solutions. Rapid industrialization and extreme weather conditions, particularly heatwaves, have further fueled the adoption of residential, commercial, and industrial air conditioning systems. Technological advancements, such as inverter ACs, smart connectivity, and environmentally friendly refrigerants, are shaping market trends and enhancing energy efficiency. Key regions witnessing significant demand include Asia-Pacific, North America, and Europe, with Asia-Pacific leading due to hot climates and expanding middle-class populations.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 108.18 Billion
Market Size 2030	USD 140.52 Billion
CAGR 2025-2030	4.46%
Fastest Growing Segment	Online
Largest Market	Asia Pacific

Key Market Drivers

Rising Urbanization and Increasing Disposable Income

One of the most significant drivers of the global air conditioners market is the rapid urbanization occurring across developing and developed regions. In 2024, India's urban population stands at 461 million, growing at 2.3% annually, with cities expected to contribute 75% of the nation's income by 2031. As more people migrate to cities for better employment and lifestyle opportunities, the demand for modern residential and commercial infrastructure grows. Urban households increasingly prefer comfortable living environments, which include air conditioning as a standard amenity. Alongside urbanization, rising disposable incomes are enabling consumers to afford advanced cooling solutions. Middle-class households in countries such as China, India, Brazil, and Southeast Asian nations are expanding rapidly, fueling the demand for energy-efficient and technologically advanced air conditioners. The growing willingness to invest in comfort and convenience directly boosts market adoption, particularly for residential ACs, window units, and split systems.

Key Market Challenges

High Energy Consumption and Operational Costs

One of the primary challenges restraining the growth of the global air conditioners market is the high energy consumption associated with conventional AC systems. Air conditioners, particularly older models and non-inverter units, consume significant amounts of electricity, leading to increased operational costs for consumers and businesses. In regions with high electricity tariffs, this can make air conditioning less affordable, especially for middle- and lower-income households. Additionally, rising energy consumption contributes to environmental concerns such as greenhouse gas emissions and climate change, prompting governments to impose stricter energy efficiency regulations. These factors collectively discourage widespread adoption of air conditioning in price-sensitive markets and create a demand for more energy-efficient solutions, which often come at a higher upfront cost.

Key Market Trends

Growing Adoption of Smart and IoT-Enabled Air Conditioners

One of the most prominent trends in the air conditioners market is the increasing adoption of smart and IoT-enabled systems. In 2024, the U.S. Department of Energy's Appliance and Equipment Standards Program implemented efficiency standards for over 70 products, including smart home appliances, resulting in a USD 105 billion reduction in utility bills for American households and businesses. Modern consumers are seeking devices that offer convenience, remote control, and energy efficiency, driving manufacturers to integrate connectivity features into their products. Smart ACs can be controlled via mobile apps, voice assistants, or home automation systems, allowing users to schedule operations, adjust temperature settings remotely, and monitor energy consumption in real-time. Additionally, these systems often incorporate AI-based learning algorithms that optimize cooling patterns based on user behavior and environmental conditions, further enhancing efficiency and comfort. The integration of IoT technology not only attracts tech-savvy consumers but also aligns with the broader smart home trend, making smart air conditioners a key growth segment globally.

Key Market Players

Daikin Industries, Ltd.
Gree Electric Appliances Inc.
Midea Group Co., Ltd.
Carrier Global Corporation
Samsung Electronics Co., Ltd.
Panasonic Corporation
Mitsubishi Electric Corporation
Johnson Controls-Hitachi Air Conditioning Limited
Toshiba Corporation
Trane Technologies plc

Report Scope:

In this report, the Global Air Conditioners Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Air Conditioners Market, By Type:

Splits
VRF
Windows
HVAC Chillers
Others

Air Conditioners Market, By End Use:

Residential
Commercial

Air Conditioners Market, By Distribution Channel:

Supermarkets/Hypermarkets
Multi-Branded Stores
Online
Others

Air Conditioners Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- Japan
- India
- South Korea
- Vietnam
South America
- Argentina
- Colombia
- Brazil
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Air Conditioners Market.

Available Customizations:

Global Air Conditioners Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Introduction

1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. Research Methodology

2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer Analysis

4.1. Brand Awareness
4.2. Factor Influencing Purchase Decision

5. Global Air Conditioners Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Splits, VRF, Windows, HVAC Chillers, Others),
- 5.2.2. By End Use (Residential, Commercial)
- 5.2.3. By Distribution Channel (Supermarkets/Hypermarkets, Multi-Branded Stores, Online, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
5.3. Market Map

6. North America Air Conditioners Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End Use
- 6.2.3. By Distribution Channel
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Air Conditioners Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By End Use
    - 6.3.1.2.3. By Distribution Channel
- 6.3.2. Canada Air Conditioners Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By End Use
    - 6.3.2.2.3. By Distribution Channel
- 6.3.3. Mexico Air Conditioners Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By End Use
    - 6.3.3.2.3. By Distribution Channel

7. Europe Air Conditioners Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End Use
- 7.2.3. By Distribution Channel
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. France Air Conditioners Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By End Use
    - 7.3.1.2.3. By Distribution Channel
- 7.3.2. Germany Air Conditioners Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By End Use
    - 7.3.2.2.3. By Distribution Channel
- 7.3.3. Spain Air Conditioners Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By End Use
    - 7.3.3.2.3. By Distribution Channel
- 7.3.4. Italy Air Conditioners Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By End Use
    - 7.3.4.2.3. By Distribution Channel
- 7.3.5. United Kingdom Air Conditioners Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By End Use
    - 7.3.5.2.3. By Distribution Channel

8. Asia-Pacific Air Conditioners Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Distribution Channel
- 8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1.China Air Conditioners Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By End Use
    - 8.3.1.2.3. By Distribution Channel
- 8.3.2.Japan Air Conditioners Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By End Use
    - 8.3.2.2.3. By Distribution Channel
- 8.3.3. India Air Conditioners Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By End Use
    - 8.3.3.2.3. By Distribution Channel
- 8.3.4. Vietnam Air Conditioners Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By End Use
    - 8.3.4.2.3. By Distribution Channel
- 8.3.5. South Korea Air Conditioners Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By End Use
    - 8.3.5.2.3. By Distribution Channel

9. Middle East & Africa Air Conditioners Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End Use
- 9.2.3. By Distribution Channel
- 9.2.4. By Country
9.3. MEA: Country Analysis
- 9.3.1. South Africa Air Conditioners Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By End Use
    - 9.3.1.2.3. By Distribution Channel
- 9.3.2. Saudi Arabia Air Conditioners Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By End Use
    - 9.3.2.2.3. By Distribution Channel
- 9.3.3. UAE Air Conditioners Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By End Use
    - 9.3.3.2.3. By Distribution Channel
- 9.3.4. Turkey Air Conditioners Market Outlook
  - 9.3.4.1. Market Size & Forecast
    - 9.3.4.1.1. By Value
  - 9.3.4.2. Market Share & Forecast
    - 9.3.4.2.1. By Type
    - 9.3.4.2.2. By End Use
    - 9.3.4.2.3. By Distribution Channel

10. South America Air Conditioners Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End Use
- 10.2.3. By Distribution Channel
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Air Conditioners Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By End Use
    - 10.3.1.2.3. By Distribution Channel
- 10.3.2. Argentina Air Conditioners Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By End Use
    - 10.3.2.2.3. By Distribution Channel
- 10.3.3. Colombia Air Conditioners Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By End Use
    - 10.3.3.2.3. By Distribution Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Disruptions: Conflicts, Pandemics and Trade Barriers

14. Porters Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Company Profiles
- 15.1.1. Daikin Industries, Ltd.
  - 15.1.1.1. Business Overview
  - 15.1.1.2. Company Snapshot
  - 15.1.1.3. Products & Services
  - 15.1.1.4. Financials (As Per Availability)
  - 15.1.1.5. Key Market Focus & Geographical Presence
  - 15.1.1.6. Recent Developments
  - 15.1.1.7. Key Management Personnel
- 15.1.2. Gree Electric Appliances Inc.
- 15.1.3. Midea Group Co., Ltd.
- 15.1.4. Carrier Global Corporation
- 15.1.5. Samsung Electronics Co., Ltd.
- 15.1.6. Panasonic Corporation
- 15.1.7. Mitsubishi Electric Corporation
- 15.1.8. Johnson Controls-Hitachi Air Conditioning Limited
- 15.1.9. Toshiba Corporation
- 15.1.10. Trane Technologies plc