The global Air Conditioning Systems Market size is anticipated to reach USD 195.65 billion by 2025. It is also expected to register a 9.9% CAGR during the forecasted period, 2019 to 2025. The rising need for good quality of air for breathing and ventilation is driving the market demand for such systems.
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Market Synopsis of Air Conditioning Systems Market:
The technology segment of the inverter held the largest share across the global market in 2018 due to the rapidly increasing demand for energy-efficient systems and the ability of new systems to replace conventional ones. The non-inverter technology segment is anticipated to witness moderate growth from 2019 to 2025.
North America accounted for a share of 15% across the global market in 2018 due to the increasing adoption of such systems for air ventilation at homes and commercial buildings. While the Asia Pacific region held the largest share of more than 50% owing to surging usage of such systems across countries like India and China. Also, hot and humid climate prevailing across this region is further expected to create demand for such systems.
The air conditioning system market includes key players such as Carrier Corporation, Electrolux, Haier, Inc., ALFA LAVAL, and Ingersoll-Rand plc. These players are investing hugely in R&Ds to gain a competitive advantage over other players. They are also adopting several strategies like mergers, acquisitions, and joint ventures to widen their product reach and to expand their product portfolio.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Air Conditioning Systems: Market Variables, Trends & Scope
Chapter 4 Air Conditioning Systems: Product Estimates & Trend Analysis
Chapter 5 Air Conditioning Systems: Application Estimates & Trend Analysis
Chapter 6 Air Conditioning Systems: End-use Estimates & Trend Analysis
Chapter 7 Air Conditioning Systems: Industrial End-use Estimates & Trend Analysis
Chapter 8 Air Conditioning Systems: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Air Conditioning Systems: Manufacturers Company Profiles
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