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The Air conditioning System Market size was valued at USD 116.50 Billion in 2023. It is expected to grow to USD 285.65 Billion by 2032 and grow at a CAGR of 10.50 % over the forecast period of 2024-2032.
The air conditioning system market has witnessed substantial growth in recent years, driven by rising global temperatures, increasing urbanization, and the growing demand for energy-efficient solutions. The market's expansion is primarily fueled by the escalating need for temperature control in homes and offices. As of 2023, the U.S. air conditioning system market is valued at approximately USD 27 billion, encompassing residential, commercial, and industrial sectors. This growth is largely driven by an increasing demand for energy-efficient and smart HVAC systems. In terms of market segmentation, residential air conditioning systems represent about 60% of the total market revenue. This category includes central air conditioners, ductless systems, and window units. Conversely, commercial air conditioning systems account for roughly 30% of the market, covering larger installations used in office buildings, shopping malls, and industrial applications. As urban populations grow and disposable incomes increase, more households are investing in air conditioning systems, especially in regions with hot climates. In the commercial sector, businesses are prioritizing the comfort of their employees and customers, leading to higher adoption of air conditioning solutions.
Traditional air conditioning units are notorious for their high energy consumption and environmental impact. However, technological advancements have led to the development of more efficient systems that reduce energy use and minimize greenhouse gas emissions. Innovations such as inverter technology, which adjusts the speed of the compressor to match cooling needs, have become increasingly popular. For Example, Carrier Global Corporation has made significant strides in air conditioning technology with its innovative solutions. The company’s air conditioning units are equipped with advanced inverter technology, which features variable-speed compressors. This technology enhances energy efficiency by adjusting the cooling output precisely to match the specific needs of the space, resulting in reduced energy consumption. Additionally, Carrier’s Infinity Series air conditioners integrate smart technology through the Carrier Cor Wi-Fi thermostat. This system allows users to control their air conditioning units remotely, offering real-time monitoring and management of energy usage. These systems not only offer convenience but also enhance energy efficiency by allowing users to monitor and adjust their energy usage in real time.
Market Dynamics
Drivers
The increase in requests for air conditioning units in healthcare centers and private establishments is due to the essential requirement of preserving specific environmental conditions to guarantee patient safety and operational effectiveness. In medical settings, it is essential to closely regulate temperature and humidity levels to avoid contamination, control infection risks, and maintain ideal conditions for patients and delicate medical equipment. Air conditioning systems are essential in medical clinics for keeping a clean environment, managing air contaminants, and ensuring the comfort of patients and staff. In surgical theaters, it is crucial to keep a stable temperature and humidity level to prevent bacterial growth and ensure the effectiveness of sterile procedures. Sophisticated HVAC systems are utilized to meet these requirements and also ensure cost-effective energy usage. Moreover, diagnostic centers and private practices are also increasingly incorporating advanced air conditioning systems to improve patient satisfaction and protect their equipment. For instance, radiology facilities with MRI machines and other imaging equipment must control temperature to avoid overheating and maintain the effective operation of these expensive devices. Likewise, dental clinics need accurate temperature regulation to ensure patient comfort during treatments and to preserve the lifespan of dental tools.
Significant mechanical advancements are causing major changes in the Air Conditioning (AC) System Market, resulting in more efficient, environmentally friendly, and technologically advanced systems. One important development is the inverter technology advancement that enables AC units to regulate their cooling output based on the room's temperature requirements. This technology improves both energy efficiency and reduces strain on the compressor, extending the unit's lifespan. Furthermore, there is a growing popularity in smart AC systems that are connected to IoT, allowing users to remotely manage and oversee their devices through smartphones or other connected gadgets. This new development enables improved energy efficiency and individualized temperature regulation, with advantages for both home and business environments. Advancements in Variable Refrigerant Flow (VRF) systems are transforming the cooling operations of large-scale industrial applications. VRF technology enables accurate temperature regulation in various areas of a structure, enhancing comfort and reducing energy consumption. These systems are being more and more utilized in office buildings, hotels, and shopping malls to effectively manage different cooling requirements.
Restraints
The expensive nature of environmentally friendly products continues to be a major obstacle in the Air Conditioning System Market. Although consumers are becoming more aware of and wanting eco-friendly air conditioning options, the high costs associated with these products are preventing them from being widely accepted. Air conditioning systems that are environmentally sustainable, including ones that utilize natural refrigerants like R-32 or CO2, or integrate energy-efficient technologies like variable speed compressors and smart controls, come with increased production expenses. The expenses are increased due to cutting-edge research and development, specific materials, and more rigorous adherence to environmental regulations. For example, switching from traditional HFC-based refrigerants to more eco-friendly alternatives may lead to a 10-20% increase in the total system cost. Furthermore, energy-efficient air conditioning units, which can lower long-term operational expenses, usually come with a higher initial cost, limiting access for budget-conscious consumers and small businesses.
Segment Analysis
The unitary segment led the air conditioning market in 2023 with a market share of 40%, due to its broad use in residential, commercial, and industrial areas. Unitary air conditioning systems are small, self-contained units made for use in a single area, which is why they are commonly used in residences and small businesses. Their dominant presence is fueled by their flexibility and simple installation process, particularly in areas experiencing urban population growth and rising disposable incomes. For example, Carrier and Daikin provide unitary systems designed for homes, offering energy-efficient options customized for different climate requirements.
The rooftop sector is experiencing a rapid growth rate during 2024-2032 in the air conditioning systems market, largely due to its widespread utilization in commercial and industrial settings. Roof-mounted units are commonly placed on the top of big structures like malls, stores, and office buildings to offer centralized cooling for various areas. The rising need for cooling solutions that are energy-efficient and save space in urban areas has driven the expansion of this sector. Lennox and Trane provide specialized rooftop units with advanced features such as variable speed fans and energy recovery ventilators, tailored for the unique requirements of large-scale facilities.
By Technology
The inverter segment held a market share of over 60% in 2023 and dominated the market. This technology improves energy efficiency by reducing power usage during times of low demand, resulting in notable decreases in electricity costs. Compared to non-inverter models, inverter ACs provide accurate temperature control, operate more quietly, and have a longer lifespan. They are especially ideal for residential and commercial uses where energy efficiency and comfort are top priorities. An example is Daikin, which provides a variety of inverter-based air conditioners known for their excellent energy efficiency and advanced features, making them a favored option for households and businesses seeking affordable and environmentally friendly cooling options.
Non-inverter segment accounted for a faster CAGR during 2024-2032, as it consists of conventional air conditioning systems that use a compressor with a set speed that runs at maximum power or is completely shut down. This repeated switching can lead to increased energy usage and less accurate temperature regulation in contrast to inverter versions. Non-inverter air conditioners are typically more affordable initially and are commonly utilized in scenarios where the initial expense is a major consideration. They are typically seen in smaller residential settings or locations with a steady and predictable need for cooling. LG offers non-inverter air conditioners for customers on a budget who require dependable, simple cooling solutions without the added expense of inverter technology.
Regional Analysis
Asia-Pacific dominated the market in 2023 with a market share of 40%. Rapid urbanization, rising incomes, and extreme weather conditions are driving the Asia-Pacific region to become the most expanded market for air conditioning systems. China and India are seeing a rise in residential and commercial building projects, which is increasing the need for more advanced cooling systems. Daikin Industries and LG Electronics are actively broadening their range of products and improving their distribution channels in this area. The increase in middle-class families and infrastructure advancements in developing nations drive strong market expansion, making Asia-Pacific a central target for international air conditioning companies.
North America is to become the fastest-growing segment during 2024-2032, due to its strong infrastructure and high living standards. Extreme weather conditions in the area, specifically scorching summers, play a big role in the high demand for energy-efficient cooling technologies. Major companies such as Carrier Global Corporation and Trane Technologies have a dominant presence, providing advanced solutions like intelligent thermostats and environmentally friendly systems. Furthermore, the focus on upgrading older buildings with contemporary, energy-saving air conditioning systems contributes to the expansion of the market. The area is also advantageous due to strict rules that encourage the implementation of cutting-edge and eco-friendly cooling technologies.
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The major key players of these sectors are Haier Group Corporation, LG Electronics Inc., Daikin Industries Ltd., United Technologies Corporation, Hitachi-Johnson Controls Air Conditioners Inc., Carrier Corporation, Mitsubishi Electric Corporation, Mahle GmbH, Denson Corporation, Calsonic Kansei Corporation, Sanden Holdings Corporation, Eberspaecher Holding GmbH & Co., Valeo SA, Keihin Corporation, Subros Limited.
Recent Development
In March 2023, Daikin introduced a new range of Variable Refrigerant Volume air conditioning system VRV 5 S-series. The S-series is characterized by environmental friendliness, as it uses refrigerant R-32 with a low global warming potential. The unit is also compact, which is suitable for urban populations.
In June 2023, Carrier announced a new AquaEdge springless centrifugal chiller, which possesses outstanding efficiency and environmental performance. 19DV offers excellent full- and part-load performance, has a low global warming potential refrigerant, and advanced controls. This chiller is designed for large commercial use.
In April 2023, Mitsubishi Electric launched a new type of residential air conditioning system ZTL series. The series is highly efficient, and uses a refrigerant R-32 with a low global warming potential. The unit is also equipped with advanced airflow control.
| Report Attributes | Details |
| Market Size in 2023 | USD 116.50 Billion |
| Market Size by 2032 | USD 285.65 Billion |
| CAGR | CAGR of 10.50 % From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Unitary, Rooftop, PTAC) • by Technology (Inverter and Non-inverter) • by End use (Residential, Commercial, Industrial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Haier Group Corporation, LG Electronics Inc., Daikin Industries Ltd., United Technologies Corporation, Hitachi-Johnson Controls Air Conditioners Inc., Carrier Corporation, Mitsubishi Electric Corporation, Mahle GmbH, Denson Corporation, Calsonic Kansei Corporation, Sanden Holdings Corporation, Eberspaecher Holding GmbH & Co., Valeo SA, Keihin Corporation, Subros Limited. |
| Key Drivers |
• The requirement for medical clinics and individual facilities has gone up fundamentally. • Major mechanical advancements are presently being initiated to make AC frameworks. |
| RESTRAINTS |
• The cost of environmentally sustainable items is still prohibitively expensive. |
Ans: Expected to grow at a CAGR of 6.36% over the forecast period of 2024-2032.
Ans:The Air conditioning System Market size was valued at USD 116.59 Billion in 2023. It is expected to grow to USD 215.51 Billion by 2032.
Ans: The major growth factor of the Air conditioning System Market is the requirement for medical clinics and individual facilities have gone up fundamentally.
Ans: The Unitary segment dominated the Air conditioning System Market.
Ans:Asia Pacific dominated the Air conditioning System Market in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1Manufacturing Output, by Region, (2020-2023)
5.2 Utilization Rates, by Region, (2020-2023)
5.3 Maintenance and Downtime Metrix
5.4 Technological Adoption Rates, by Region
5.5 Export/Import Data, by Region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Air conditioning System Market Segmentation, by Type
7.1 Chapter Overview
7.2 Unitary
7.2.1 Unitary Market Trends Analysis (2020-2032)
7.2.2 Unitary Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Rooftop
7.3.1 Rooftop Market Trends Analysis (2020-2032)
7.3.2 Rooftop Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 PTAC
7.4.1 PTAC Market Trends Analysis (2020-2032)
7.4.2 PTAC Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Air conditioning System Market Segmentation, by Technology
8.1 Chapter Overview
8.2 Inverter
8.2.1 Inverter Market Trends Analysis (2020-2032)
8.2.2 Inverter Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Non-inverter
8.3.1 Non-inverter Market Trends Analysis (2020-2032)
8.3.2 Non-inverter Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Air conditioning System Market Segmentation, by End User
9.1 Chapter Overview
9.2 Residential
9.2.1 Residential Market Trends Analysis (2020-2032)
9.2.2 Residential Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.1 Commercial
9.2.1.1Commercial Market Trends Analysis (2020-2032)
9.2.1.2 Commercial Market Size Estimates and Forecasts to 2032 (USD Billion)
9.2.2 Industrial
9.2.2.1 Industrial Market Trends Analysis (2020-2032)
9.2.2.2 Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.4 North America Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.5 North America Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.6.2 USA Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.6.3 USA Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.7.2 Canada Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.7.3 Canada Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.8.3 Mexico Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.6.3 Poland Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.7.3 Romania Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.5 Western Europe Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.6.3 Germany Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.7.2 France Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.7.3 France Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.8.3 UK Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.9.3 Italy Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.10.3 Spain Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.13.3 Austria Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.5 Asia Pacific Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.6.2 China Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.6.3 China Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.7.2 India Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.7.3 India Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.8.2 Japan Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.8.3 Japan Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.9.3 South Korea Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.10.3 Vietnam Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.11.3 Singapore Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.12.2 Australia Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.12.3 Australia Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.5 Middle East Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.6.3 UAE Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.4 Africa Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.5 Africa Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Air conditioning System Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.4 Latin America Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.5 Latin America Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.6.3 Brazil Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.7.3 Argentina Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.8.3 Colombia Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Air conditioning System Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Air conditioning System Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Air conditioning System Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
11. Company Profiles
11.1 Haier Group Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 LG Electronics Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Daikin Industries Ltd.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 United Technologies Corporation
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Hitachi-Johnson Controls Air Conditioners Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Carrier Corporation
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Mitsubishi Electric Corporation
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Mahle GmbH
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Denson Corporation
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Calsonic Kansei Corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Unitary
Rooftop
PTAC
By Technology
Inverter
Non-inverter
By End User
Residential
Commercial
Industrial
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REGIONAL COVERAGE:
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US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
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Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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