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Air Conditioning Comprehensive Study by Application (Residential, Commercial, Industrial), Equipment Types (Portable AC, Window AC, Split AC, Cassette AC, Centralized AC) Players and Region - Global Market Outlook to 2030
Air Conditioning Market by XX Submarkets | Forecast Years 2024-2030
About Air Conditioning
Air conditioning is not just luxury, it is increasing demand for applications ranging through domestic, commercial, industrial and transport. The purpose of air conditioning is to control the temperature, humidity, and air movement of the indoor environment. The atmospheric air always contains moisture in the form of water vapour depends on the temperature. Air conditioning needs are commonly predominantly by ventilation. | Attributes | Details |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2023 |
| Unit | Value (USD N) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies.The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japan Players will contribute the maximum growth to Global Air Conditioning market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Samsung Electronics Co. Ltd. (South Korea), Mitsubishi Corporation (Japan), Daikin Industries Ltd. (Japan), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Electrolux AB (Sweden), Midea Group Co. Ltd (China), Siemens AG (Germany), Sharp Corporation (Japan) and Hitachi Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Carrier Corporation (United States), Toshiba Corporation (Japan) and Denso Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Air Conditioning market by , Application (Residential, Commercial and Industrial) and Region. On the basis of geography, the market of Air Conditioning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Equipment Types, the sub-segment i.e. Portable AC will boost the Air Conditioning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of Split Air ConditionersMarket Growth Drivers:
Growing Demand of Environmentally Friendly Refrigerators and Rising Middle Class Purchasing PowerChallenges:
Rapidly Decarbonising Of Electricity SupplyOpportunities:
The Resumption of Growth in Construction Activities Started To Benefit Air Conditioning Markets and Strong Demand Coming from Food Chain StoresMarket Leaders and their expansionary development strategies
In June 2023, Xiaomi’s announced a strategic partnership with Panasonic air conditioners. This collaboration will involve resource sharing in the research, development, production, and manufacturing of air conditioning products, forming a cross-domain strategic alliance.In February 2023, Samsung has launched range of air conditioners in India, including its premium WindFree air conditioners. This new range meets consumer needs for an air conditioner that combines fast cooling, clean air, energy efficiency, convenience and great aesthetics.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.
Report Objectives / Segmentation Covered
By Application
- Residential
- Commercial
- Industrial
By Equipment Types
- Portable AC
- Window AC
- Split AC
- Cassette AC
- Centralized AC
By Regions
- South America
- Brazil
- Argentina
- Rest of South America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- Italy
- United Kingdom
- Netherlands
- Rest of Europe
- MEA
- Middle East
- Africa
- North America
- United States
- Canada
- Mexico
- 1. Market Overview
- 1.1. Introduction
- 1.2. Scope/Objective of the Study
- 1.2.1. Research Objective
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Demand of Environmentally Friendly Refrigerators
- 3.2.2. Rising Middle Class Purchasing Power
- 3.3. Market Challenges
- 3.3.1. Rapidly Decarbonising Of Electricity Supply
- 3.4. Market Trends
- 3.4.1. Growing Demand of Split Air Conditioners
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Air Conditioning, by Application, Equipment Types and Region (value and price ) (2018-2023)
- 5.1. Introduction
- 5.2. Global Air Conditioning (Price)
- 6. Air Conditioning: Manufacturers/Players Analysis
- 6.1. Competitive Landscape
- 6.1.1. Market Share Analysis
- 6.1.1.1. Top 3
- 6.1.1.2. Top 5
- 6.1.1. Market Share Analysis
- 6.2. Peer Group Analysis (2023)
- 6.3. BCG Matrix
- 6.4. Company Profile
- 6.4.1. Samsung Electronics Co. Ltd. (South Korea)
- 6.4.1.1. Business Overview
- 6.4.1.2. Products/Services Offerings
- 6.4.1.3. Financial Analysis
- 6.4.1.4. SWOT Analysis
- 6.4.2. Mitsubishi Corporation (Japan)
- 6.4.2.1. Business Overview
- 6.4.2.2. Products/Services Offerings
- 6.4.2.3. Financial Analysis
- 6.4.2.4. SWOT Analysis
- 6.4.3. Daikin Industries Ltd. (Japan)
- 6.4.3.1. Business Overview
- 6.4.3.2. Products/Services Offerings
- 6.4.3.3. Financial Analysis
- 6.4.3.4. SWOT Analysis
- 6.4.4. LG Electronics Inc. (South Korea)
- 6.4.4.1. Business Overview
- 6.4.4.2. Products/Services Offerings
- 6.4.4.3. Financial Analysis
- 6.4.4.4. SWOT Analysis
- 6.4.5. Panasonic Corporation (Japan)
- 6.4.5.1. Business Overview
- 6.4.5.2. Products/Services Offerings
- 6.4.5.3. Financial Analysis
- 6.4.5.4. SWOT Analysis
- 6.4.6. Electrolux AB (Sweden)
- 6.4.6.1. Business Overview
- 6.4.6.2. Products/Services Offerings
- 6.4.6.3. Financial Analysis
- 6.4.6.4. SWOT Analysis
- 6.4.7. Midea Group Co. Ltd (China)
- 6.4.7.1. Business Overview
- 6.4.7.2. Products/Services Offerings
- 6.4.7.3. Financial Analysis
- 6.4.7.4. SWOT Analysis
- 6.4.8. Siemens AG (Germany)
- 6.4.8.1. Business Overview
- 6.4.8.2. Products/Services Offerings
- 6.4.8.3. Financial Analysis
- 6.4.8.4. SWOT Analysis
- 6.4.9. Sharp Corporation (Japan)
- 6.4.9.1. Business Overview
- 6.4.9.2. Products/Services Offerings
- 6.4.9.3. Financial Analysis
- 6.4.9.4. SWOT Analysis
- 6.4.10. Hitachi Ltd. (Japan)
- 6.4.10.1. Business Overview
- 6.4.10.2. Products/Services Offerings
- 6.4.10.3. Financial Analysis
- 6.4.10.4. SWOT Analysis
- 6.4.1. Samsung Electronics Co. Ltd. (South Korea)
- 6.1. Competitive Landscape
- 7. Global Air Conditioning Sale, by Application, Equipment Types and Region (value and price ) (2025-2030)
- 7.1. Introduction
- 7.2. Global Air Conditioning (Price)
- 8. Appendix
- 8.1. Acronyms
- 9. Methodology and Data Source
- 9.1. Methodology/Research Approach
- 9.1.1. Research Programs/Design
- 9.1.2. Market Size Estimation
- 9.1.3. Market Breakdown and Data Triangulation
- 9.2. Data Source
- 9.2.1. Secondary Sources
- 9.2.2. Primary Sources
- 9.3. Disclaimer
- 9.1. Methodology/Research Approach
List of Tables
- Table 1. Company Basic Information, Sales Area and Its Competitors
- Table 2. Company Basic Information, Sales Area and Its Competitors
- Table 3. Company Basic Information, Sales Area and Its Competitors
- Table 4. Company Basic Information, Sales Area and Its Competitors
- Table 5. Company Basic Information, Sales Area and Its Competitors
- Table 6. Company Basic Information, Sales Area and Its Competitors
- Table 7. Company Basic Information, Sales Area and Its Competitors
- Table 8. Company Basic Information, Sales Area and Its Competitors
- Table 9. Company Basic Information, Sales Area and Its Competitors
- Table 10. Company Basic Information, Sales Area and Its Competitors
- Table 11. Research Programs/Design for This Report
- Table 12. Key Data Information from Secondary Sources
- Table 13. Key Data Information from Primary Sources
List of Figures
- Figure 1. Porters Five Forces
- Figure 2. Supply/Value Chain
- Figure 3. PESTEL analysis
- Figure 4. Global Air Conditioning share by Players 2023 (%)
- Figure 5. Global Air Conditioning share by Players (Top 3) 2023(%)
- Figure 6. Global Air Conditioning share by Players (Top 5) 2023(%)
- Figure 7. BCG Matrix for key Companies
- Figure 8. Samsung Electronics Co. Ltd. (South Korea) Revenue, Net Income and Gross profit
- Figure 9. Samsung Electronics Co. Ltd. (South Korea) Revenue: by Geography 2023
- Figure 10. Mitsubishi Corporation (Japan) Revenue, Net Income and Gross profit
- Figure 11. Mitsubishi Corporation (Japan) Revenue: by Geography 2023
- Figure 12. Daikin Industries Ltd. (Japan) Revenue, Net Income and Gross profit
- Figure 13. Daikin Industries Ltd. (Japan) Revenue: by Geography 2023
- Figure 14. LG Electronics Inc. (South Korea) Revenue, Net Income and Gross profit
- Figure 15. LG Electronics Inc. (South Korea) Revenue: by Geography 2023
- Figure 16. Panasonic Corporation (Japan) Revenue, Net Income and Gross profit
- Figure 17. Panasonic Corporation (Japan) Revenue: by Geography 2023
- Figure 18. Electrolux AB (Sweden) Revenue, Net Income and Gross profit
- Figure 19. Electrolux AB (Sweden) Revenue: by Geography 2023
- Figure 20. Midea Group Co. Ltd (China) Revenue, Net Income and Gross profit
- Figure 21. Midea Group Co. Ltd (China) Revenue: by Geography 2023
- Figure 22. Siemens AG (Germany) Revenue, Net Income and Gross profit
- Figure 23. Siemens AG (Germany) Revenue: by Geography 2023
- Figure 24. Sharp Corporation (Japan) Revenue, Net Income and Gross profit
- Figure 25. Sharp Corporation (Japan) Revenue: by Geography 2023
- Figure 26. Hitachi Ltd. (Japan) Revenue, Net Income and Gross profit
- Figure 27. Hitachi Ltd. (Japan) Revenue: by Geography 2023
List of companies from research coverage that are profiled in the study
- Samsung Electronics Co. Ltd. (South Korea)
- Mitsubishi Corporation (Japan)
- Daikin Industries Ltd. (Japan)
- LG Electronics Inc. (South Korea)
- Panasonic Corporation (Japan)
- Electrolux AB (Sweden)
- Midea Group Co. Ltd (China)
- Siemens AG (Germany)
- Sharp Corporation (Japan)
- Hitachi Ltd. (Japan)
Additional players considered in the study are as follows:
Carrier Corporation (United States)
,
Toshiba Corporation (Japan)
,
Denso Corporation (Japan)
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Key Highlights of Report
Feb 2024
218 Pages
62 Tables
Base Year: 2023
Coverage: 15+ Companies; 18 Countries
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"We employ Market statistics, Industry benchmarking, Patent analysis, and Technological Insights to derive requirements and provide customize scope of work."
Frequently Asked Questions (FAQ):
The standard version of the report profiles players such as Samsung Electronics Co. Ltd. (South Korea), Mitsubishi Corporation (Japan), Daikin Industries Ltd. (Japan), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Electrolux AB (Sweden), Midea Group Co. Ltd (China), Siemens AG (Germany), Sharp Corporation (Japan) and Hitachi Ltd. (Japan) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Growing Demand of Split Air Conditioners" is seen as one of major influencing trends for Air Conditioning Market during projected period 2023-2030.
The Air Conditioning market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.