Market Overview:
The global marine air conditioning systems 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 leisure ships and commercial ships across the globe. Additionally, the growing awareness about energy-efficient air conditioning systems is also contributing to the growth of this market. Refrigerant air conditioners are expected to dominate the global marine air conditioning systems market during the forecast period. This can be attributed to their high efficiency and low power consumption as compared with evaporative air conditioners.
Product Definition:
Marine air conditioning systems provide air conditioning for use on boats and ships. They are used to keep the vessel comfortable for the crew and passengers, and to protect valuable equipment from overheating.
Refrigerant Air Conditioners:
Refrigerant air conditioners are used to remove the heat from a closed system. In refrigeration systems, refrigerant is used to maintain the temperature of an enclosed space at a low level by removing heat from it. Refrigerants can be classified as natural and synthetic based on their chemical properties.
Evaporative Air Conditioners:
An evaporative air conditioner is a heat pump which works by moving the air around instead of using electricity to make cold air. It does this by using water or wetting agent which causes the coolant to absorb heat from the surroundings and then re-radiates it, keeping your room temperature steady.
Application Insights:
The commercial ships application segment led the global marine air conditioning systems market in 2017 and is projected to register a CAGR of XX% from 2018 to 2030. The growth can be attributed to the growing demand for cruise services across various regions coupled with an increase in spending on refurbishing old vessels.
The leisure ships segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for luxury yacht vacations, which often require large passenger-carrying capacity vessels. Furthermore, stringent regulations regarding air pollution and fuel costs are likely to drive demand for larger recreational boats that use more energy efficient technologies such as marine air conditioning systems.
Leisure yachts accounted for around 40% of total revenue share in 2016 while commercial ships contributed around 60%. Increasing disposable income levels across various regions including Asia Pacific and Middle East & Africa are anticipated drive yacht sales significantly thereby influencing industry trends positively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region is attributed to increasing ship traffic in coastal areas, which leads to an increase in energy consumption for marine air conditioning systems. Moreover, rising disposable income and tourism activities are anticipated to drive demand for recreational and commercial vessels in countries such as China, India, Thailand, Singapore and Malaysia. This will lead to a rise in energy consumption for these applications over the next eight years.
Europe was valued at USD X billion owing to stringent regulations regarding carbon emissions from ships coupled with growing environmental awareness among consumers pertaining maritime transportation modes across countries such as Germany and U.K.
Growth Factors:
- Increasing demand for marine air conditioning systems from the shipping and cruise liner industries to meet the growing need for comfort and energy efficiency in vessels.
- Proliferation of luxury yachts and boats, which is expected to drive the demand for high-end marine air conditioning systems.
- Development of new technologies that offer better performance, lower power consumption, and reduced weight in marine air conditioning systems.
- Growing popularity of eco-friendly refrigerants such as ammonia and CO2 that help reduce greenhouse gas emissions from vessels powered by these airconditioning systems .
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Air Conditioning Systems Market Research Report
By Type
Refrigerant Air Conditioners, Evaporative Air Conditioners
By Application
Leisure Ships, Commercial Ships
By Companies
Carrier, Daikin, Dometic, FRIGOMAR, Johnson Controls, Aqua-Air, Accel, Bronswerk Marine, Clion-Marine, Flagship Marine, Carrier
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Marine Air Conditioning Systems Market Report Segments:
The global Marine Air Conditioning Systems market is segmented on the basis of:
Types
Refrigerant Air Conditioners, Evaporative Air Conditioners
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
Leisure Ships, Commercial Ships
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:
- Carrier
- Daikin
- Dometic
- FRIGOMAR
- Johnson Controls
- Aqua-Air
- Accel
- Bronswerk Marine
- Clion-Marine
- Flagship Marine
- Carrier
Highlights of The Marine Air Conditioning Systems 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:
- Refrigerant Air Conditioners
- Evaporative Air Conditioners
- By Application:
- Leisure Ships
- Commercial Ships
- 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 Marine Air Conditioning Systems 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?
Marine air conditioning systems are used to cool and dehumidify the air inside a ship or boat. They work by using refrigerant gases to create a cooling effect, and they can be powered by either electricity or diesel fuel.
Some of the major players in the marine air conditioning systems market are Carrier, Daikin, Dometic, FRIGOMAR, Johnson Controls, Aqua-Air, Accel, Bronswerk Marine, Clion-Marine, Flagship Marine, Carrier.
The marine air conditioning systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Air Conditioning Systems 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 Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size & Forecast, 2018-2028
4.5.1 Marine Air Conditioning Systems Market Size and Y-o-Y Growth
4.5.2 Marine Air Conditioning Systems Market Absolute $ Opportunity
Chapter 5 Global Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Type
5.2.1 Refrigerant Air Conditioners
5.2.2 Evaporative Air Conditioners
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Applications
6.2.1 Leisure Ships
6.2.2 Commercial Ships
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Air Conditioning Systems 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 Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Analysis and Forecast
9.1 Introduction
9.2 North America Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Type
9.6.1 Refrigerant Air Conditioners
9.6.2 Evaporative Air Conditioners
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 Marine Air Conditioning Systems Market Size Forecast by Applications
9.10.1 Leisure Ships
9.10.2 Commercial Ships
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 Marine Air Conditioning Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Type
10.6.1 Refrigerant Air Conditioners
10.6.2 Evaporative Air Conditioners
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 Marine Air Conditioning Systems Market Size Forecast by Applications
10.10.1 Leisure Ships
10.10.2 Commercial Ships
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 Marine Air Conditioning Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Type
11.6.1 Refrigerant Air Conditioners
11.6.2 Evaporative Air Conditioners
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 Marine Air Conditioning Systems Market Size Forecast by Applications
11.10.1 Leisure Ships
11.10.2 Commercial Ships
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 Marine Air Conditioning Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Air Conditioning Systems 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 Marine Air Conditioning Systems Market Size Forecast by Type
12.6.1 Refrigerant Air Conditioners
12.6.2 Evaporative Air Conditioners
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 Marine Air Conditioning Systems Market Size Forecast by Applications
12.10.1 Leisure Ships
12.10.2 Commercial Ships
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) Marine Air Conditioning Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Air Conditioning Systems 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) Marine Air Conditioning Systems Market Size Forecast by Type
13.6.1 Refrigerant Air Conditioners
13.6.2 Evaporative Air Conditioners
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) Marine Air Conditioning Systems Market Size Forecast by Applications
13.10.1 Leisure Ships
13.10.2 Commercial Ships
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 Marine Air Conditioning Systems Market: Competitive Dashboard
14.2 Global Marine Air Conditioning Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier
14.3.2 Daikin
14.3.3 Dometic
14.3.4 FRIGOMAR
14.3.5 Johnson Controls
14.3.6 Aqua-Air
14.3.7 Accel
14.3.8 Bronswerk Marine
14.3.9 Clion-Marine
14.3.10 Flagship Marine
14.3.11 Carrier
