Market Overview:
The global air condition units market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air conditioners in commercial and industrial applications, and the growing awareness about energy-efficient air conditioners. The global air condition units market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into direct expansion units, multi-connected units, and others. The direct expansion unit segment accounted for a major share of the global air conditioner market in 2017 owing to its high efficiency and low cost as compared to other types of ACs.
Product Definition:
Air Condition Units is a piece of equipment which cools and dehumidifies the air in a room or building. Air Conditioning is important because it helps to improve the quality of the air by controlling humidity and temperature levels.
Direct Expansion Units:
Direct expansion units are used to increase the capacity of an air conditioner by receiving and dissipating heat from its refrigeration mechanism. They consist of a condenser, compressor, evaporator and a fan. The basic function of direct expansion is to provide more cooling capacity at the same ambient temperature as compared to that offered by an air conditioner with integrated mode cooling functions.
Multi-connected Units:
Multi-connected units are used in air conditioners to cool the room. It helps in maintaining a uniform temperature and reduces the noise generated by refrigeration systems. These devices work on different principles depending upon its type which includes absorption, evaporation, condensation and radiation.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growing number of air conditioner installations in hotels, restaurants and other food service industries is expected to drive the demand for these systems over the forecast period. Furthermore, increasing spending on renovation projects at popular tourist destinations across various regions is anticipated to positively impact market growth during the forecast period.
The industrial application segment accounted for a significant share in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to factors such as government initiatives encouraging investments in manufacturing sectors across various countries including China, India Japan Mexico Brazil etc., which has resulted in increased demand for cooling equipment among heavy machinery manufacturers and other industries such as chemical, petrochemical etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing adoption of air conditioners for residential and commercial applications. Furthermore, presence of key manufacturers such as Honeywell, Emerson Electric Co., and Johnson Controls in this region is anticipated to propel industry growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rising demand from developing countries such as China and India. Increasing population coupled with rising disposable income will drive product demand further resulting in increased sales volume for air conditioners across these markets which will have a positive impact on overall market growth over the coming years.
Growth Factors:
- Rising income levels of the population in developing countries is expected to drive the demand for air conditioners, as these units are considered a necessity in most households.
- Rapid urbanization and growing construction activities are also anticipated to boost the sales of air conditioners in the coming years.
- The increasing use of air conditioners in commercial establishments such as offices, hospitals, and retail stores is also projected to fuel market growth over the forecast period.
- Technological advancements that have led to the development of more energy-efficient and eco-friendly AC units are likely to propel demand for these products in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Condition Units Market Research Report
By Type
Direct Expansion Units, Multi-connected Units, Others
By Application
Commercial, Industrial, Others
By Companies
Daikin, Johnson Controls, Mc Quay International, Carrier, Trane, Dunham Bush, Hitachi, Toshiba, Mitsubishi Electric, GREE, Daikin, Haier, Nanjing TICA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Air Condition Units Market Report Segments:
The global Air Condition Units market is segmented on the basis of:
Types
Direct Expansion Units, Multi-connected Units, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daikin
- Johnson Controls
- Mc Quay International
- Carrier
- Trane
- Dunham Bush
- Hitachi
- Toshiba
- Mitsubishi Electric
- GREE
- Daikin
- Haier
- Nanjing TICA
Highlights of The Air Condition Units Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Direct Expansion Units
- Multi-connected Units
- Others
- By Application:
- Commercial
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Condition Units Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air condition unit is a device that helps to keep a room or building cool by removing heat from the air.
Some of the major players in the air condition units market are Daikin, Johnson Controls, Mc Quay International, Carrier, Trane, Dunham Bush, Hitachi, Toshiba, Mitsubishi Electric, GREE, Daikin, Haier, Nanjing TICA.
The air condition units market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Condition Units Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Condition Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Condition Units Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Condition Units Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Condition Units Market Size & Forecast, 2020-2028
4.5.1 Air Condition Units Market Size and Y-o-Y Growth
4.5.2 Air Condition Units Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Direct Expansion Units
5.2.2 Multi-connected Units
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Condition Units Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Condition Units Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Direct Expansion Units
9.6.2 Multi-connected Units
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Direct Expansion Units
10.6.2 Multi-connected Units
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Direct Expansion Units
11.6.2 Multi-connected Units
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Direct Expansion Units
12.6.2 Multi-connected Units
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Direct Expansion Units
13.6.2 Multi-connected Units
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Condition Units Market: Competitive Dashboard
14.2 Global Air Condition Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daikin
14.3.2 Johnson Controls
14.3.3 Mc Quay International
14.3.4 Carrier
14.3.5 Trane
14.3.6 Dunham Bush
14.3.7 Hitachi
14.3.8 Toshiba
14.3.9 Mitsubishi Electric
14.3.10 GREE
14.3.11 Daikin
14.3.12 Haier
14.3.13 Nanjing TICA
