Market Overview:
The global packaged air conditioners 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 and environment-friendly packaged air conditioners across the globe. Additionally, the growing construction and infrastructure sector is also fueling the demand for packaged air conditioners globally. The global packaged AC with water cooled condenser segment is projected to grow at a CAGR of 6% from 2018 to 2030, while the global packaged AC with air cooled condenser segment is projected to grow at a CAGR of 4% from 2018 to 2030. The residential application segment accounted for majority share of the global market in 2017 and is expected to dominate during forecast period as well owing rising consumer awareness about energy efficiency coupled with government initiatives towards promotion of energy efficient appliances across various countries worldwide. In terms of region, North America held dominant position in 2017.
Product Definition:
Packaged air conditioners are a type of air conditioning unit that is designed to be installed in a single room or area. They consist of an outdoor unit and an indoor unit, which are connected by pipes that carry the refrigerant. Packaged air conditioners are important because they can provide cooling for a specific area, rather than cooling the entire house.
Packaged AC with Water Cooled Condenser:
Packaged air conditioners with water-cooled condensers are estimated to witness significant growth in the packaged air conditioning market over the forecast period. The primary factor responsible for this growth is their ability to provide cooling, even at low power consumption as compared to conventional systems.
Packaged AC with Air Cooled Condenser:
Packaged air conditioners are used to provide cooling to commercial and residential areas. These air conditioners work on the principle of condensation by using a packaged refrigerant that is held in an insulated container. The heat generated by the condenser is absorbed by the refrigerant creating a temperature difference, which drives the compressor and provides cooling effect.
Application Insights:
The residential application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing number of residential constructions and renovation activities across the globe. In addition, growing urbanization in developing countries is expected to contribute toward segment growth over the forecast period.
Packaged air conditioners are widely used in light commercial use (hotels, restaurants, shops) as well as small to medium offices due to their ability to provide comfortable cooling experience at a low cost while reducing electricity consumption by up to 30%. Growing IT industry along with rising demand for smart buildings is anticipated drive demand from small and medium offices over the forecast period.
Increasing disposable income levels coupled with rapid urbanization has resulted in an increased number of construction projects across various regions including Latin America and Asia Pacific which is likely drive market expansion on a positive note during the study period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to increasing awareness regarding energy conservation and sustainable living, growing purchasing power of consumers, and government initiatives for infrastructure development. Moreover, the presence of key players such as Honeywell International Inc.; Emerson Electric Co.; and Siemens AG is expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising construction activities in emerging economies such as China & India on account of increasing need for office spaces by businesses due their expansion plans along with rising number of residential projects especially affordable housing schemes by governments are some other factors driving regional market growth. In addition, improving standard of living coupled with rise in disposable income will boost consumer spending on household appliances including air conditioners which will further propel industry growth during the projected period from 2018 to 2030 (calendar year).
Growth Factors:
- Increasing demand for packaged air conditioners from the commercial sector on account of growing number of retail stores, restaurants, and hotels.
- Rising popularity of inverter technology in packaged air conditioners that helps save energy and results in lower electricity bills.
- Growing demand for ductless mini-split systems owing to their ability to cool specific areas as opposed to an entire room or space.
- Increasing installation of packaged air conditioners in residential buildings due to rising temperatures across the globe as a result of global warming phenomenon5 Increased spending by consumers on home appliances, including packaged air conditioners, owing to improving economic conditions
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Air Conditioners Market Research Report
By Type
Packaged AC with Water Cooled Condenser, Packaged AC with Air Cooled Condenser
By Application
Residential, Light Commercial Use (Hotels,Restaurants,Shops), Small to Medium Offices, Others
By Companies
Carrier, Daikin, Ingersoll Rand, Johnson Controls, Gree, Mitsubishi Electric, Bosch, Panasonic, Midea, Samsung, York, Hitachi, Toshiba, Haier, Goodman Manufacturing Company, Rheem, Trane, S.K.M Air Conditioning LLC
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Air Conditioners Market Report Segments:
The global Packaged Air Conditioners market is segmented on the basis of:
Types
Packaged AC with Water Cooled Condenser, Packaged AC with Air Cooled Condenser
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
Residential, Light Commercial Use (Hotels,Restaurants,Shops), Small to Medium Offices, 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:
- Carrier
- Daikin
- Ingersoll Rand
- Johnson Controls
- Gree
- Mitsubishi Electric
- Bosch
- Panasonic
- Midea
- Samsung
- York
- Hitachi
- Toshiba
- Haier
- Goodman Manufacturing Company
- Rheem
- Trane
- S.K.M Air Conditioning LLC
Highlights of The Packaged Air Conditioners 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:
- Packaged AC with Water Cooled Condenser
- Packaged AC with Air Cooled Condenser
- By Application:
- Residential
- Light Commercial Use (Hotels,Restaurants,Shops)
- Small to Medium Offices
- 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 Packaged Air Conditioners 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?
Packaged air conditioners are a type of air conditioning system that is installed in buildings. They come in different sizes and can be mounted on the wall or ceiling.
Some of the major companies in the packaged air conditioners market are Carrier, Daikin, Ingersoll Rand, Johnson Controls, Gree, Mitsubishi Electric, Bosch, Panasonic, Midea, Samsung, York, Hitachi, Toshiba, Haier, Goodman Manufacturing Company, Rheem, Trane, S.K.M Air Conditioning LLC.
The packaged air conditioners 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 Packaged Air Conditioners 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 Packaged Air Conditioners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Packaged Air Conditioners 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 Packaged Air Conditioners 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 Packaged Air Conditioners Market Size & Forecast, 2018-2028
4.5.1 Packaged Air Conditioners Market Size and Y-o-Y Growth
4.5.2 Packaged Air Conditioners Market Absolute $ Opportunity
Chapter 5 Global Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Type
5.2.1 Packaged AC with Water Cooled Condenser
5.2.2 Packaged AC with Air Cooled Condenser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Light Commercial Use (Hotels
6.2.3 Restaurants
6.2.4 Shops)
6.2.5 Small to Medium Offices
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Air Conditioners 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 Packaged Air Conditioners 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 Packaged Air Conditioners Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Type
9.6.1 Packaged AC with Water Cooled Condenser
9.6.2 Packaged AC with Air Cooled Condenser
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 Packaged Air Conditioners Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Light Commercial Use (Hotels
9.10.3 Restaurants
9.10.4 Shops)
9.10.5 Small to Medium Offices
9.10.6 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 Packaged Air Conditioners Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Type
10.6.1 Packaged AC with Water Cooled Condenser
10.6.2 Packaged AC with Air Cooled Condenser
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 Packaged Air Conditioners Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Light Commercial Use (Hotels
10.10.3 Restaurants
10.10.4 Shops)
10.10.5 Small to Medium Offices
10.10.6 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 Packaged Air Conditioners Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Type
11.6.1 Packaged AC with Water Cooled Condenser
11.6.2 Packaged AC with Air Cooled Condenser
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 Packaged Air Conditioners Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Light Commercial Use (Hotels
11.10.3 Restaurants
11.10.4 Shops)
11.10.5 Small to Medium Offices
11.10.6 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 Packaged Air Conditioners Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Air Conditioners 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 Packaged Air Conditioners Market Size Forecast by Type
12.6.1 Packaged AC with Water Cooled Condenser
12.6.2 Packaged AC with Air Cooled Condenser
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 Packaged Air Conditioners Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Light Commercial Use (Hotels
12.10.3 Restaurants
12.10.4 Shops)
12.10.5 Small to Medium Offices
12.10.6 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) Packaged Air Conditioners Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Air Conditioners 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) Packaged Air Conditioners Market Size Forecast by Type
13.6.1 Packaged AC with Water Cooled Condenser
13.6.2 Packaged AC with Air Cooled Condenser
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) Packaged Air Conditioners Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Light Commercial Use (Hotels
13.10.3 Restaurants
13.10.4 Shops)
13.10.5 Small to Medium Offices
13.10.6 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 Packaged Air Conditioners Market: Competitive Dashboard
14.2 Global Packaged Air Conditioners 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 Ingersoll Rand
14.3.4 Johnson Controls
14.3.5 Gree
14.3.6 Mitsubishi Electric
14.3.7 Bosch
14.3.8 Panasonic
14.3.9 Midea
14.3.10 Samsung
14.3.11 York
14.3.12 Hitachi
14.3.13 Toshiba
14.3.14 Haier
14.3.15 Goodman Manufacturing Company
14.3.16 Rheem
14.3.17 Trane
14.3.18 S.K.M Air Conditioning LLC
