Market Overview:
The global home air conditioning market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient and environment-friendly air conditioners, rising disposable income, and growing awareness about the benefits of using air conditioners. The global home air conditioning market by type is segmented into fixed-frequency air conditioners and variable-frequency air conditioners. The fixed-frequency segment dominated the global home air conditioning market in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
Home air conditioning is the cooling or heating of a home's interior spaces by means of an appliance called an air conditioner. Air conditioners use refrigerants to extract heat from indoor air and release it outdoors, thereby cooling the indoor space. Home air conditioning has become ubiquitous in developed countries, particularly in hot climates, where it is used not only to cool the interior but also to dehumidify the air.
Fixed-frequency Air Conditioners:
Fixed-frequency air conditioners (FFA) are a type of air conditioner that is designed to reduce the fluctuation in temperature by maintaining a constant temperature. In other words, it's an automated system that helps in maintaining uniformity in room temperatures. It does this by cycling power through the heat exchangers and fan motor at a set interval, which varies according to its programming settings.
Variable-frequency Air Conditioners:
A variable-frequency air conditioner is an air conditioning device that can vary its speed of operation. It does this by changing the pressure and/or volume of coolant in the refrigeration circuit. The most common type of VFAC is a window unit, which uses cold water from the faucet to cool down rooms.
Application Insights:
Application I was the dominant segment in 2017, accounting for over 60.0% share of the global revenue. This is attributed to growing urban population and rapid industrialization that has resulted in increased need for air conditioning across major cities around the world. Furthermore, demand from this segment is expected to be driven by rising disposable income and consumer preference for HVAC systems with improved energy efficiency compared to other systems.
The Application II segment includes commercial buildings such as offices, R&D centers and manufacturing facilities among others where cooling is necessary due to high heat load or seasonal conditions when it gets warmer than usual during summer months or during winters respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness regarding climate change, growing population, rapid urbanization, and rising disposable income. Moreover, China has emerged as a major consumer for home air conditioning units owing to high demand from residential as well as commercial sectors. Increasing number of smart homes in developed economies including Australia and New Zealand are also driving the regional market further.
North America is projected to grow at a significant rate over the forecast period owing to increasing adoption of energy-efficient products along with stringent government regulations on carbon emissions caused during product operation. Furthermore, presence of prominent players such as LG Electronics Inc.; Panasonic Corporation; Samsung Group; Sony Corporation; Whirlpool Corp.; and Honeywell International Inc., among others will drive regional growth further.
Growth Factors:
- Rising income levels of the population in developing countries is expected to drive the demand for home air conditioning over the forecast period.
- Increasing awareness about energy-efficient and environment-friendly cooling technologies is projected to boost the market growth.
- Rapid urbanization, coupled with growing construction activities, is anticipated to propel the demand for home air conditioning systems across the globe.
- Technological advancements in air conditioners are likely to create new opportunities for market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Air Conditioning Market Research Report
By Type
Fixed-frequency Air Conditioners, Variable-frequency Air Conditioners
By Application
Application I, Application II
By Companies
Haier, Gree, Midea, Chigo, LG, Panasonic, TCL, York, AUX, Hisense Kelon, Mitsubishi, Changhong, Kaili, Whirlpool, Daikin Air Conditioning
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Home Air Conditioning Market Report Segments:
The global Home Air Conditioning market is segmented on the basis of:
Types
Fixed-frequency Air Conditioners, Variable-frequency 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
Application I, Application II
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:
- Haier
- Gree
- Midea
- Chigo
- LG
- Panasonic
- TCL
- York
- AUX
- Hisense Kelon
- Mitsubishi
- Changhong
- Kaili
- Whirlpool
- Daikin Air Conditioning
Highlights of The Home Air Conditioning 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:
- Fixed-frequency Air Conditioners
- Variable-frequency Air Conditioners
- By Application:
- Application I
- Application II
- 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 Home Air Conditioning 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?
Home air conditioning is a system that uses refrigerant to cool and dehumidify the air inside a building.
Some of the major players in the home air conditioning market are Haier, Gree, Midea, Chigo, LG, Panasonic, TCL, York, AUX, Hisense Kelon, Mitsubishi, Changhong, Kaili, Whirlpool, Daikin Air Conditioning.
The home air conditioning market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Air Conditioning Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Air Conditioning Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Air Conditioning Market - Supply Chain
4.5. Global Home Air Conditioning Market Forecast
4.5.1. Home Air Conditioning Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Air Conditioning Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Air Conditioning Market Absolute $ Opportunity
5. Global Home Air Conditioning Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Air Conditioning Market Size and Volume Forecast by Type
5.3.1. Fixed-frequency Air Conditioners
5.3.2. Variable-frequency Air Conditioners
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Air Conditioning Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Air Conditioning Market Size and Volume Forecast by Application
6.3.1. Application I
6.3.2. Application II
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Air Conditioning Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Air Conditioning Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Air Conditioning Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Air Conditioning Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Air Conditioning Demand Share Forecast, 2019-2026
9. North America Home Air Conditioning Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Air Conditioning Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Air Conditioning Market Size and Volume Forecast by Application
9.4.1. Application I
9.4.2. Application II
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Air Conditioning Market Size and Volume Forecast by Type
9.7.1. Fixed-frequency Air Conditioners
9.7.2. Variable-frequency Air Conditioners
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Air Conditioning Demand Share Forecast, 2019-2026
10. Latin America Home Air Conditioning Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Air Conditioning Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Air Conditioning Market Size and Volume Forecast by Application
10.4.1. Application I
10.4.2. Application II
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Air Conditioning Market Size and Volume Forecast by Type
10.7.1. Fixed-frequency Air Conditioners
10.7.2. Variable-frequency Air Conditioners
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Air Conditioning Demand Share Forecast, 2019-2026
11. Europe Home Air Conditioning Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Air Conditioning Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Air Conditioning Market Size and Volume Forecast by Application
11.4.1. Application I
11.4.2. Application II
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Air Conditioning Market Size and Volume Forecast by Type
11.7.1. Fixed-frequency Air Conditioners
11.7.2. Variable-frequency Air Conditioners
11.8. Basis Point Share (BPS) Analysis by Tye
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Air Conditioning Demand Share, 2019-2026
12. Asia Pacific Home Air Conditioning Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Air Conditioning Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Air Conditioning Market Size and Volume Forecast by Application
12.4.1. Application I
12.4.2. Application II
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Air Conditioning Market Size and Volume Forecast by Type
12.7.1. Fixed-frequency Air Conditioners
12.7.2. Variable-frequency Air Conditioners
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Air Conditioning Demand Share, 2019-2026
13. Middle East & Africa Home Air Conditioning Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Air Conditioning Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Air Conditioning Market Size and Volume Forecast by Application
13.4.1. Application I
13.4.2. Application II
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Air Conditioning Market Size and Volume Forecast by Type
13.7.1. Fixed-frequency Air Conditioners
13.7.2. Variable-frequency Air Conditioners
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Air Conditioning Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Air Conditioning Market: Market Share Analysis
14.2. Home Air Conditioning Distributors and Customers
14.3. Home Air Conditioning Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gree
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Midea
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chigo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TCL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. York
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AUX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hisense Kelon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mitsubishi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Changhong
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kaili
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Whirlpool
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Daikin Air Conditioning
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
