Market Overview:
The global industrial central air conditioner market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient type industrial central air conditioners and rising application of industrial central air conditioners in food industry, automobile industry, and other industries. However, the high installation cost may restrain the growth of this market during the forecast period. On the basis of type, the global industrial central air conditioner market is segmented into energy-efficient type and non-energy saving type. The energy-efficient type segment is expected to grow at a higher CAGR than non-energy saving type during the forecast period owing to its benefits such as low power consumption and environment friendly operations.
Product Definition:
An industrial central air conditioner is a large-scale air conditioning system used to cool or heat a factory, warehouse, or other large building. Industrial central air conditioners are often used in conjunction with heating systems in the winter.
Energy-efficient Type:
The global energy-efficient type market is expected to witness significant growth over the forecast period. The major driving factors for this market are growing concerns towards environment and energy conservation, rising fuel prices, and increasing government regulations on conventional power plants. Energy efficient types have a higher thermal efficiency as compared to conventional central air conditioners which means they use less power while delivering the same cooling effect.
Non-energy Saving Type:
Central air conditioners are used to maintain the temperature and humidity levels in an industrial environment. They also provide dehumidification, ventilation, and air purification. The non-energy saving type of central air conditioner is primarily used in industries that have a variable or constant load demand.
The variable load demand can be due to heavy production processes or due to seasonal variations where high performance is required during summer when the process loads are at their peak.
Application Insights:
The food industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to factors such as rapid urbanization, increasing disposable income, changing lifestyle and dietary habits of consumers. Furthermore, technological advancements in air conditioners along with rising demand for processed foods are anticipated to drive the global market over the forecast period.
Automobile industry is another significant application segment that accounted for a share of 15% in 2017 owing to factors such as stringent government regulations on temperature control cars & trucks and aircraft fuselages/body sections during transportation or storage facilities respectively. Other applications include pharmaceutical industries where air conditioning systems are used for manufacturing laboratories or R&D centers which require controlled temperature & humidity levels inside buildings or rooms respectively. Increasing R&D activities by major players coupled with growing emphasis on improving production efficiency across various industries worldwide is likely to propel product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization and industrialization, which has resulted in an increasing requirement for HVAC systems across various industries. Furthermore, emerging economies such as China and India are projected to witness strong economic growth over the coming years, thereby driving product demand.
The food industry is one of the major sectors that use central air conditioners in order to maintain proper temperature throughout their facilities. Central air conditioner units help reduce moisture content within foods by maintaining constant temperatures throughout a warehouse or plant; this results in improved shelf life of perishable foods as well as increased revenue for food manufacturers. Moreover, rising concerns regarding employee health & safety while working at high temperatures have led major industries such as automotive and metal manufacturing to adopt central air conditioning solutions across their plants globally (excepting North America).
Growth Factors:
- Increasing demand for energy-efficient industrial central air conditioners
- Growing popularity of green buildings, which require more efficient cooling systems
- Proliferation of data centers and other large commercial facilities, which are driving demand for industrial central air conditioners
- Rising temperatures due to climate change, which is increasing the need for air conditioning
- Technological advancements that are making industrial central air conditioners more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Central Air Conditioner Market Research Report
By Type
Energy-efficient Type, Non-energy Saving Type
By Application
Food Industry, Automobile Industry, Other
By Companies
Airwell, Carrier, Daikin Industries, Gree Electric Appliances Inc, Haier, Ingersoll-Rand, Johnson Controls, LG Electronics, Lennox International, Mitsubishi Electric, Nortek, Panasonic, Toshiba, Voltas
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Central Air Conditioner Market Report Segments:
The global Industrial Central Air Conditioner market is segmented on the basis of:
Types
Energy-efficient Type, Non-energy Saving Type
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
Food Industry, Automobile Industry, Other
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:
- Airwell
- Carrier
- Daikin Industries
- Gree Electric Appliances Inc
- Haier
- Ingersoll-Rand
- Johnson Controls
- LG Electronics
- Lennox International
- Mitsubishi Electric
- Nortek
- Panasonic
- Toshiba
- Voltas
Highlights of The Industrial Central Air Conditioner 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:
- Energy-efficient Type
- Non-energy Saving Type
- By Application:
- Food Industry
- Automobile Industry
- Other
- 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 Industrial Central Air Conditioner 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
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- Product & Brand Management
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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?
Industrial Central Air Conditioner is a type of air conditioner that is designed for use in industrial settings. These units are typically smaller and more compact than traditional air conditioners, making them easier to transport and install. They also tend to be more efficient, providing better cooling performance at a lower cost than larger models.
Some of the major players in the industrial central air conditioner market are Airwell, Carrier, Daikin Industries, Gree Electric Appliances Inc, Haier, Ingersoll-Rand, Johnson Controls, LG Electronics, Lennox International, Mitsubishi Electric, Nortek, Panasonic, Toshiba, Voltas.
The industrial central air conditioner 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 Industrial Central Air Conditioner 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 Industrial Central Air Conditioner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Central Air Conditioner 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 Industrial Central Air Conditioner 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 Industrial Central Air Conditioner Market Size & Forecast, 2020-2028
4.5.1 Industrial Central Air Conditioner Market Size and Y-o-Y Growth
4.5.2 Industrial Central Air Conditioner 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 Energy-efficient Type
5.2.2 Non-energy Saving Type
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 Food Industry
6.2.2 Automobile Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Central Air Conditioner 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 Industrial Central Air Conditioner 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 Energy-efficient Type
9.6.2 Non-energy Saving Type
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 Food Industry
9.10.2 Automobile Industry
9.10.3 Other
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 Energy-efficient Type
10.6.2 Non-energy Saving Type
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 Food Industry
10.10.2 Automobile Industry
10.10.3 Other
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 Energy-efficient Type
11.6.2 Non-energy Saving Type
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 Food Industry
11.10.2 Automobile Industry
11.10.3 Other
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 Energy-efficient Type
12.6.2 Non-energy Saving Type
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 Food Industry
12.10.2 Automobile Industry
12.10.3 Other
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 Energy-efficient Type
13.6.2 Non-energy Saving Type
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 Food Industry
13.10.2 Automobile Industry
13.10.3 Other
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 Industrial Central Air Conditioner Market: Competitive Dashboard
14.2 Global Industrial Central Air Conditioner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airwell
14.3.2 Carrier
14.3.3 Daikin Industries
14.3.4 Gree Electric Appliances Inc
14.3.5 Haier
14.3.6 Ingersoll-Rand
14.3.7 Johnson Controls
14.3.8 LG Electronics
14.3.9 Lennox International
14.3.10 Mitsubishi Electric
14.3.11 Nortek
14.3.12 Panasonic
14.3.13 Toshiba
14.3.14 Voltas
