global air conditioners market to be valued usd138.03 billion by 2026
DESCRIPTION
According to TechSci Research report, “Global Air Conditioners Market By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others), By Light Commercial Air Conditioners (High Wall Splits, Window Air Conditioners, Cassettes and Concealed Ductable Splits), By Region, Competition, Forecast Opportunities, 2026F”, the global air conditioners market is expected to reach USD138.03 billion by 2026F with a CAGR of 4.42% during forecast period.https://bit.ly/3wXcZ9bTRANSCRIPT
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
GLOBAL AIR CONDITIONERS MARKET
FORECAST & OPPORTUNITIES
2016 – 2026F
© TechSci Research 2
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Brand Satisfaction
4.4. Challenges Faced Post Purchase
5. Global Air Conditioners Market Outlook, 2016-2026F
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1.By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others)
5.2.1.1.Light Commercial Air Conditioners Market Share - By Product Type (High Wall Splits, Window Air Conditioners, Cassettes and Concealed Ductable Splits)
5.2.2. By Region
5.2.3. By Company (2020)
5.3. Market Map (By Product Type, By Region)
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6. Asia-Pacific Air Conditioners Market Outlook, 2016-2026F
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.1.1. Light Commercial Air Conditioners Market Share - By Product Type
6.2.2. By Country
6.2.2.1. China Air Conditioners Market Outlook, 2016-2026F
6.2.2.1.1. Market Size & Forecast
6.2.2.1.1.1. By Value & Volume
6.2.2.1.2. Market Share & Forecast
6.2.2.1.2.1. By Product Type
6.2.2.1.2.2. By End Use Sector
6.2.2.2. Japan Air Conditioners Market Outlook, 2016-2026F
6.2.2.2.1. Market Size & Forecast
6.2.2.2.1.1. By Value & Volume
6.2.2.2.2. Market Share & Forecast
6.2.2.2.2.1. By Product Type
6.2.2.2.2.2. By End Use Sector
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6.2.2.3. India Air Conditioners Market Outlook, 2016-2026F
6.2.2.3.1. Market Size & Forecast
6.2.2.3.1.1. By Value & Volume
6.2.2.3.2. Market Share & Forecast
6.2.2.3.2.1. By Product Type
6.2.2.3.2.2. By End Use Sector
6.2.2.4. Indonesia Air Conditioners Market Outlook, 2016-2026F
6.2.2.4.1. Market Size & Forecast
6.2.2.4.1.1. By Value & Volume
6.2.2.4.2. Market Share & Forecast
6.2.2.4.2.1. By Product Type
6.2.2.4.2.2. By End Use Sector
6.2.2.5. Vietnam Air Conditioners Market Outlook, 2016-2026F
6.2.2.5.1. Market Size & Forecast
6.2.2.5.1.1. By Value & Volume
6.2.2.5.2. Market Share & Forecast
6.2.2.5.2.1. By Product Type
6.2.2.5.2.2. By End Use Sector
Table of Contents
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S. No. Contents
7. North America Air Conditioners Market Outlook, 2016-2026F
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.1.1. Light Commercial Air Conditioners Market Share - By Product Type
7.2.2. By Country
7.2.2.1. United States Air Conditioners Market Outlook, 2016-2026F
7.2.2.1.1. Market Size & Forecast
7.2.2.1.1.1. By Value & Volume
7.2.2.1.2. Market Share & Forecast
7.2.2.1.2.1. By Product Type
7.2.2.1.2.2. By End Use Sector
7.2.2.2. Canada Air Conditioners Market Outlook, 2016-2026F
7.2.2.2.1. Market Size & Forecast
7.2.2.2.1.1. By Value & Volume
7.2.2.2.2. Market Share & Forecast
7.2.2.2.2.1. By Product Type
7.2.2.2.2.2. By End Use Sector
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7.2.2.3. Mexico Air Conditioners Market Outlook, 2016-2026F
7.2.2.3.1. Market Size & Forecast
7.2.2.3.1.1. By Value & Volume
7.2.2.3.2. Market Share & Forecast
7.2.2.3.2.1. By Product Type
7.2.2.3.2.2. By End Use Sector
8. Europe Air Conditioners Market Outlook, 2016-2026F
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.1.1. Light Commercial Air Conditioners Market Share - By Product Type
8.2.2. By Country
8.2.2.1. Russia Air Conditioners Market Outlook, 2016-2026F
8.2.2.1.1. Market Size & Forecast
8.2.2.1.1.1. By Value & Volume
8.2.2.1.2. Market Share & Forecast
8.2.2.1.2.1. By Product Type
8.2.2.1.2.2. By End Use Sector
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8.2.2.2. Italy Air Conditioners Market Outlook, 2016-2026F
8.2.2.2.1. Market Size & Forecast
8.2.2.2.1.1. By Value & Volume
8.2.2.2.2. Market Share & Forecast
8.2.2.2.2.1. By Product Type
8.2.2.2.2.2. By End Use Sector
8.2.2.3. France Air Conditioners Market Outlook, 2016-2026F
8.2.2.3.1. Market Size & Forecast
8.2.2.3.1.1. By Value & Volume
8.2.2.3.2. Market Share & Forecast
8.2.2.3.2.1. By Product Type
8.2.2.3.2.2. By End Use Sector
8.2.2.4. Spain Air Conditioners Market Outlook, 2016-2026F
8.2.2.4.1. Market Size & Forecast
8.2.2.4.1.1. By Value & Volume
8.2.2.4.2. Market Share & Forecast
8.2.2.4.2.1. By Product Type
8.2.2.4.2.2. By End Use Sector
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S. No. Contents
8.2.2.5. United Kingdom Air Conditioners Market Outlook, 2016-2026F
8.2.2.5.1. Market Size & Forecast
8.2.2.5.1.1. By Value & Volume
8.2.2.5.2. Market Share & Forecast
8.2.2.5.2.1. By Product Type
8.2.2.5.2.2. By End Use Sector
9. Middle East & Africa Air Conditioners Market Outlook, 2016-2026F
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.1.1. Light Commercial Air Conditioners Market Share - By Product Type
9.2.2. By Country
9.2.2.1. Saudi Arabia Air Conditioners Market Outlook, 2016-2026F
9.2.2.1.1. Market Size & Forecast
9.2.2.1.1.1. By Value & Volume
9.2.2.1.2. Market Share & Forecast
9.2.2.1.2.1. By Product Type
9.2.2.1.2.2. By End Use Sector
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9.2.2.2. Egypt Air Conditioners Market Outlook, 2016-2026F
9.2.2.2.1. Market Size & Forecast
9.2.2.2.1.1. By Value & Volume
9.2.2.2.2. Market Share & Forecast
9.2.2.2.2.1. By Product Type
9.2.2.2.2.2. By End Use Sector
9.2.2.3. UAE Air Conditioners Market Outlook, 2016-2026F
9.2.2.3.1 Market Size & Forecast
9.2.2.3.1.1. By Value & Volume
9.2.2.3.2. Market Share & Forecast
9.2.2.3.2.1. By Product Type
9.2.2.3.2.2. By End Use Sector
9.2.2.4. Turkey Air Conditioners Market Outlook, 2016-2026F
9.2.2.4.1 Market Size & Forecast
9.2.2.4.1.1. By Value & Volume
9.2.2.4.2. Market Share & Forecast
9.2.2.4.2.1. By Product Type
9.2.2.4.2.2. By End Use Sector
Table of Contents
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S. No. Contents
10. South America Air Conditioners Market Outlook, 2016-2026F
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.1.1. Light Commercial Air Conditioners Market Share - By Product Type
10.2.2. By Country
10.2.2.1. Brazil Air Conditioners Market Outlook, 2016-2026F
10.2.2.1.1. Market Size & Forecast
10.2.2.1.1.1. By Value & Volume
10.2.2.1.2. Market Share & Forecast
10.2.2.1.2.1. By Product Type
10.2.2.1.2.2. By End Use Sector
10.2.2.2. Argentina Air Conditioners Market Outlook, 2016-2026F
10.2.2.2.1. Market Size & Forecast
10.2.2.2.1.1. By Value & Volume
10.2.2.2.2. Market Share & Forecast
10.2.2.2.2.1. By Product Type
10.2.2.2.2.2. By End Use Sector
Table of Contents
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S. No. Contents
10.2.2.3. Colombia Air Conditioners Market Outlook, 2016-2026F
10.2.2.3.1. Market Size & Forecast
10.2.2.3.1.1. By Value & Volume
10.2.2.3.2. Market Share & Forecast
10.2.2.3.2.1. By Product Type
10.2.2.3.2.1. By End Use Sector
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Impact of COVID-19 on Global Air Conditioners Market
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Top 10 Leading Companies)
14.2.1. Daikin Industries, Ltd.
14.2.2. Gree Electric Appliances Inc.
14.2.3. Carrier Global Corporation
14.2.4. Midea Group Co., Ltd.
14.2.5. Samsung Electronics Co. Ltd.
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14.2.6. Panasonic Corporation
14.2.7. Mitsubishi Electric Corporation
14.2.8. Johnson Controls-Hitachi Air Conditioning Limited
14.2.9. Toshiba Corporation
14.2.10. Trane Technologies plc
15. Strategic Recommendations
16. About Us & Disclaimer
13© TechSci Research
List of Figures
Figure No. Title
Figure 1: Global Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 2: Global Population (Million), 2015-2019
Figure 3: Global Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 4: Global Air Conditioners Market Share, By Product Type, By Volume, 2016-2026F
Figure 5: Global Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 6: Global Air Conditioners Market Share, By Region, By Value, 2020 & 2026F
Figure 7: Global Air Conditioners Market Share, By Company, By Value, 2020
Figure 8:Global Air Conditioners Market Map, By Product Type, Market Size (USD Billion) & Growth Rate (%),2020
Figure 9: Global Air Conditioners Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2020
Figure 10:Asia-Pacific Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-
2026F
Figure 11: Asia-Pacific Country-wise Population (Million) for the year 2019
Figure 12: Asia-Pacific Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 13: Asia-Pacific Air Conditioners Market Share, By Product Type, By Volume, 2016-2026F
Figure 14:Asia-Pacific Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2016-
2026F
Figure 15: Asia-Pacific Air Conditioners Market Share, By Country, By Value, 2016-2026F
Figure 16: China Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 17: China Population, 2015-2019 (Million)
Figure 18: China Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 19: China Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 20: China Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
14© TechSci Research
List of Figures
Figure No. Title
Figure 21:China Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 22: Japan Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 23: Japan Population, 2015-2019 (Million)
Figure 24: Japan Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 25: Japan Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 26: Japan Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 27:Japan Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 28: India Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 29: India Population, 2015-2019 (Million)
Figure 30: India Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 31: India Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 32: India Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 33:India Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Figure 34:Indonesia Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 35: Indonesia Population, 2015-2019 (Million)
Figure 36: Indonesia Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 37:Indonesia Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &
2026F
Figure 38: Indonesia Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
15© TechSci Research
List of Figures
Figure No. Title
Figure 39:Indonesia Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020
& 2026F
Figure 40:Vietnam Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 41: Vietnam Population, 2015-2019 (Million)
Figure 42: Vietnam Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 43:Vietnam Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &2026F
Figure 44: Vietnam Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 45:Vietnam Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 46:North America Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units),2016-2026F
Figure 47: North America Population (Million), By Country, 2016-2019
Figure 48: North America Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 49: North America Air Conditioners Market Share, By Product Type, By Volume, 2016-2026F
Figure 50:North America Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2016-
2026F
Figure 51: North America Air Conditioners Market Share, By Country, By Value, 2016-2026F
Figure 52:United States Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units),
2016-2026F
Figure 53: United States Population, 2015-2019 (Million)
Figure 54: United States Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 55:United States Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &
2026F
16© TechSci Research
List of Figures
Figure No. Title
Figure 56: United States Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 57:United States Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value,2020 & 2026F
Figure 58:Canada Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 59: Canada Population, 2015-2019 (Million)
Figure 60: Canada Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 61: Canada Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 62: Canada Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 63:Canada Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 64: Mexico Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 65: Mexico Population, 2015-2019 (Million)
Figure 66: Mexico Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 67: Mexico Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 68: Mexico Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 69:Mexico Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Figure 70: Europe Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 71: Europe Population (Million), 2015-2019
Figure 72: Europe Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 73: Europe Air Conditioners Market Share, By Product Type, By Volume, 2016-2026F
Figure 74: Europe Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
17© TechSci Research
List of Figures
Figure No. Title
Figure 75: Europe Air Conditioners Market Share, By Country, By Value, 2016-2026F
Figure 76: Russia Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 77: Russia Population, 2015-2019 (Million)
Figure 78: Russia Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 79: Russia Light Commercial Air Conditioners Market Share, By Product Type, By Value, 20120 & 2026F
Figure 80: Russia Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 81:Russia Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 82: Italy Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 83: Italy Population, 2015-2019 (Million)
Figure 84: Italy Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 85: Italy Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 86: Italy Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 87:Italy Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Figure 88: France Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 89: France Population, 2015-2019 (Million)
Figure 90: France Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 91: France Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 92: France Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 93:France Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
18© TechSci Research
List of Figures
Figure No. Title
Figure 94: Spain Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 95: Spain Population, 2015-2019 (Million)
Figure 96: Spain Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 97: Spain Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 98: Spain Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 99:Spain Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 100:United Kingdom Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units),2016-2026F
Figure 101: United Kingdom Population, 2015-2019 (Million)
Figure 102: United Kingdom Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 103:United Kingdom Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020
& 2026F
Figure 104: United Kingdom Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 105:United Kingdom Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value,
2020 & 2026F
Figure 106:Middle East & Africa Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units),
2016-2026F
Figure 107: Middle East & North Africa Population, 2015-2019 (Million)
Figure 108: Middle East & Africa Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
Figure 109: Middle East & Africa Air Conditioners Market Share, By Product Type, By Volume, 2016-2026F
Figure 110:Middle East & Africa Light Commercial Air Conditioners Market Share, By Product Type, By Value,
2016-2026F
19© TechSci Research
List of Figures
Figure No. Title
Figure 111: Middle East & Africa Air Conditioners Market Share, By Country, By Value, 2016-2026F
Figure 112:Saudi Arabia Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-
2026F
Figure 113: Saudi Arabia Population, 2015-2019 (Million)
Figure 114: Saudi Arabia Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 115:Saudi Arabia Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &2026F
Figure 116: Saudi Arabia Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 117:Saudi Arabia Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value,2020 & 2026F
Figure 118: Egypt Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 119: Egypt Population, 2015-2019 (Million)
Figure 120: Egypt Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 121: Egypt Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 122: Egypt Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 123:Egypt Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Figure 124: UAE Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 125: UAE Population, 2015-2019 (Million)
Figure 126: UAE Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 127: UAE Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
20© TechSci Research
List of Figures
Figure No. Title
Figure 128: UAE Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 129:UAE Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Figure 130: Turkey Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 131: Turkey Population, 2015-2019 (Million)
Figure 132: Turkey Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 133: Turkey Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 134: Turkey Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 135:Turkey Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 136:South America Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units),2016-2026F
Figure 137: South America Population (Million), By Select Country, 2015-2019
Figure 138: South America Air Conditioners Market Share, By Product Type, By Value, 2020-2026F
Figure 139: South America Air Conditioners Market Share, By Product Type, By Volume, 2020-2026F
Figure 140:South America Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020-
2026F
Figure 141: South America Air Conditioners Market Share, By Country, By Value, 2020-2026F
Figure 142: Brazil Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 143: Brazil Population, 2015-2019 (Million)
Figure 144: Brazil Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 145: Brazil Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
21© TechSci Research
List of Figures
Figure No. Title
Figure 146: Brazil Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 147:Brazil Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &2026F
Figure 148:Argentina Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 149: Argentina Population, 2015-2019 (Million)
Figure 150: Argentina Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 151:Argentina Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &2026F
Figure 152: Argentina Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 153:Argentina Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020& 2026F
Figure 154:Colombia Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
Figure 155: Colombia Population, 2015-2019 (Million)
Figure 156: Colombia Air Conditioners Market Share, By Product Type, By Value, 2020 & 2026F
Figure 157:Colombia Light Commercial Air Conditioners Market Share, By Product Type, By Value, 2020 &
2026F
Figure 158: Colombia Air Conditioners Market Share, By End Use Sector, By Value, 2020 & 2026F
Figure 159:Colombia Air Conditioners Commercial End Use Market Share, By End Use Sector, By Value, 2020 &
2026F
Product Overview
© TechSci Research 23
Scope of ReportProduct of Interest (POI): Air Conditioners
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
GLOBAL AIR CONDITIONERSMARKET
LIGHT COMMERCIAL AIR CONDITIONERS
PRODUCT TYPE
• Chillers
• VRFs
• Ductable Splits
• Light Commercial Air
Conditioners
• Others
REGION
• Europe
• North America
• Asia-Pacific
• South America
• Middle East & Africa
• High Wall Splits
• Windows
• Cassettes
• Concealed Ductable Splits
Air conditioners are electrical appliances used to control humidity, ventilation, andtemperature of a particular area. Based on product type, air conditioners can besegregated into chillers, VRFs, ductable splits, light commercial air conditioners andothers.
Market Segmentation
Research Methodology
25© TechSci Research
Research Methodology
25
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing list of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global air conditioners market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the global air conditioners
market.
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
26© TechSci Research
Research Methodology
26
Baseline Methodology
Our dedicated team has analyzed the outlook of various segments of this market, while considering the major influencing factors
such as soaring temperature and humidity, etc., which are expected to drive the growth of the market during the next 5 years. The
study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in the global air conditioners market.
Methodology Followed for Calculation of Market Size:
• Market Size By Value & Volume : Market size, in terms of value & volume, for the year 2020 was calculated based on
information collected through exhaustive secondary research and primary surveys, with various key opinion
leaders/stakeholders, such as air conditioners supplier companies, channel partners, utilities companies, market influencers &
end users, industry experts, and other industry participants.
• The team interviewed more than 25 air conditioner companies, 500 end users and 10-15 industry experts in the global air
conditioners market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking
standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
27© TechSci Research
Research Methodology
27
• Respondents were asked about the current and future market growth rates, market shares by product type, by end use sector,
and by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares
generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across
various segments were further triangulated from other stakeholders depending upon the type of Air Conditioners.
Methodology Followed for Forecasting:
• Market shares by product type, by end use sector, by region and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue
generated from various types of Air Conditioner segments. The final shares were calculated by taking the geometric mean of the
responses gathered from key opinion leaders after eliminating the outliers.
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey
results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
Global Air Conditioners market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
28© TechSci Research
Research Methodology
28
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci
Research also used the impact analysis during short, medium and long term period to estimate and analyze the market demand
scenario. It should be noted that the figures compiled are only for the organized market including market share data. The currency
used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Daikin Industries, Ltd
▪ Gree Electric Appliances Inc.
▪ Carrier Global Corporation
▪ Midea Group Co., Ltd.
▪ Samsung Electronics Co. Ltd.
▪ Panasonic Corporation
▪ Mitsubishi Electric Corporation
▪ Johnson Controls-Hitachi Air Conditioning
Limited
▪ Toshiba Corporation
▪ Trane Technologies plc
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ BP Statistics
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
© TechSci Research 29
Industry Brief
According to TechSci Research report, “Global Air Conditioners Market By Product Type (Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others), By
Light Commercial Air Conditioners (High Wall Splits, Window Air Conditioners, Cassettes and Concealed Ductable Splits), By Region, Competition, Forecast Opportunities,
2026F”, the global air conditioners market is expected to reach USD138.03 billion by 2026F with a CAGR of 4.42% during forecast period. During the forecast period, sales of air
conditioners are expected to increase due to a booming construction sector, rising disposable income, a growing real estate sector, and rising industrialization around the world.
Governments in various countries are introducing various construction projects with the goal of improving infrastructure, which is expected to have a positive impact on global air
conditioners market over the next five years. Temperatures are rising all over the world as a result of global warming, increasing demand for air conditioners. The primary driver
of the global air conditioners market's growth is changing climatic conditions. Furthermore, the majority of emerging countries, which frequently experience rapid economic
growth, are located partially (e.g., China or India, or coastal areas in Central and South America) or entirely (South-East Asia, Sub-Saharan Africa) in tropical areas. Their
demand for air cooling is constantly increasing in order to improve consumer comfort. The National Oceanic and Atmospheric Administration (NOAA) reported that 2020 was the
second-warmest year after 2016. This year-on-year increase in temperature thus aids the global growth of the air conditioners market.
In 2020, air-conditioning components were in short supply due to a disruption in the supply chain, as China has completely shut down their manufacturing production, and every
industry player around the world is connected to China in some way for the supply of equipment. Wuhan, Hubei Province, is the epicenter of the COVID-19 outbreak in central
China, and it serves as a hub for US, European, and Japanese electronic suppliers.
The global air conditioners market is segmented into by product type, by light commercial air conditioners, by region and by company. In terms of product type, the market can
be segregated into Chillers, VRFs, Ductable Splits, Light Commercial Air Conditioners and Others. Out of these, light commercial air conditioners market had registered highest
market share of around more than 75% among all air conditioners products followed by chillers in 2020, whereas VRFs are the fastest growing segment in the air conditioners
market.
In terms of light commercial air conditioners market, high wall splits have accounted for the majority of market share in the global air conditioners market followed by windows,
owing to their various advantages such as energy efficiency, lower running cost, easy availability and integration of latest technologies. Inverter-based split air conditioners are
an emerging technology and is expected to gain popularity in the coming years on account of high level of energy efficiency and lower running cost.
In terms of regional analysis, the global air conditioners market is segment into Asia-Pacific, Europe, North America, South America and Middle East & Africa. Among these, the
Asia-Pacific region is dominating the global air conditioners market followed by North America in 2020. Air conditioners are in high demand in countries with large populations,
such as China, Japan, and India. Changing climatic conditions, combined with a growing consumer preference for lifestyle-oriented products, have fueled the growth of the Asia-
Pacific air conditioners market over the years. In 2020, North America became the world's second largest market for air conditioners. Growth in air conditioner demand in North
America can be attributed to an increasing population base, rising consumer purchasing power, growing urbanization, and a growing preference for lifestyle-oriented products.
In terms of company, major players operating in global air conditioners market include Daikin Industries, Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Midea
Group Co., Ltd., Samsung Electronics Co., Ltd. and others. Among which Daikin Industries, Ltd., have accounted the majority of market share in 2020 in the global air
conditioners market. Leading players are focusing on expanding their product portfolios to maintain sustainable growth in the market. The companies are also expanding their
distribution reach across various countries and surge in the distribution of air conditioners in the market.
“The global air conditioners market is anticipated to register healthy growth during forecast period. Factors such as rapid economic development of emerging economies,
growing demand for energy efficient air conditioners across the globe, growing smart home market, easy financing & emergence of new payment modes, solar hybrid air
conditioners are booming the demand of air conditioners market globally”. said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
© TechSci Research 30
Sample Data - Snapshot
Global Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2016-2026F
CAGR 2016-2020By Value: xx%
By Volume: xx%
CAGR 2021E-2026FBy Value: xx%
By Volume: xx%
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Value (USD Billion) Volume (Million Units)
North America Air Conditioners Market Share, By Product Type, By Value, 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F
Light Commercial Air Conditioners 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
VRFs 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Chillers 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Ductable Splits 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
United States Air Conditioners Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026FBy Value (USD Billion) By Volume (Million Units)
CAGR 2016-2020By Value: xx%
By Volume: xx%
CAGR 2021E-2026FBy Value: xx%
By Volume: xx%
© TechSci Research 31
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Report Name: GLOBAL AIR CONDITIONERS MARKET
FORECAST & OPPORTUNITIES
2016 – 2026F
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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