Market Overview: Air Conditioner Market FY2023-2028
This reports provides an essential and dependable overview of the Air Conditioner Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Air Conditioner Market Report Coverage Details:
- Base Year: 2022
- Historical Data: 2018-21
- Forecast Period: 2023-2028
- CAGR: 5.98% (2023-2028)
The Global Air Conditioner Market is valued at USD 195 Billion in 2022 and is projected to grow at a CAGR of around 5.98% during the forecast period, i.e., 2023-2028.
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Air Conditioner Market Opportunity:
The Introduction of Advanced and Eco-Friendly Models – Technological advancements and increased customer demand, particularly from the Asia-Pacific region, are likely to create ample opportunities. In addition, environmentally friendly models that can effectively replace conventional ACs in the residential, commercial, and automotive markets are becoming increasingly popular as a result of significant changes in government regulations, such as the ban on the use of R-22 refrigerants. Thus, a growing number of companies that make electronic spare parts help manufacturers get easy access to the parts they need to design and package AC, which allows the market to expand, creating a replacement requirement that boosts the industry’s overall growth rate.
Air Conditioner Market Segmentation Analysis – FY2023-2028
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Air Conditioner Market (2023-2028). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Air Conditioner Market segmentation is enlisted below:
By Type
- Window AC
- Split AC
- Floor Standing AC
- Cassette AC
- Packaged AC
- Ducted Split AC
- Centralized AC
By Technology
- Manual
- Automatic
By End User
- Residential
- Commercial Buildings
- Retail
- Health Care
- Hospitality
- Government & Transportation
- Oil & Gas
- Others
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By Sales Channel
- Direct Sales
- Online
- Authorized Distributors
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Air Conditioner Market Competitive Landscape
Alfa Laval, Bluestar, Carrier, Daikin Industries, Electrolux, Gree, Haier Group, Hitachi, LG Electronics, Mitsubishi Electric, Panasonic, Samsung, Trane Technologies, Voltas, Whirlpool.
Air Conditioner Industry News:
- In January 2022, at the AHR Expo, which took place in Las Vegas, LG Electronics USA presented its brand-new and extensive 2022 line-up of HVAC solutions for residential, light commercial, and commercial applications.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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