Air-Conditioning Equipment Market
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per the air-conditioning equipment market report by The Business Research Company, 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.
The global air-conditioning equipment market size 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global air-conditioning equipment market size is expected to grow to $281.59 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the air-conditioning equipment market include 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 air-conditioning equipment market is segmented –
• By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers
• By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
• By Application: Residential, Commercial
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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 Table Of Content For The Air-conditioning equipment Market Include:
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
5. Air-Conditioning Equipment Market Size And Growth
27. Air-Conditioning Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air-Conditioning Equipment Market
29. Air-Conditioning Equipment Market Future Outlook and Potential Analysis
The “Global Air-Conditioning Equipment Market Report 2023” from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market’s historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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