The Air Conditioner Market is projected to reach USD 276000.82 million by 2030 with CAGR of 8.6 % between 2024 to 2030. An air conditioner (AC) works by collecting hot air from a given space, processing it within itself with the help of a refrigerant and a bunch of coils and then releasing cool air into the same space where the hot air had originally been collected. Air conditioners consist of four major components an evaporator, compressor, condenser and expansion valve.
There are number of factors including how large the area is to be cooled, the total heat generated inside the enclosed area, etc. that helps to decide which air conditioner system to use. Window air conditioner, Split air conditioner, Packaged Air Conditioner and Central Air Conditioning System are some of most popular air conditioner systems. Window air conditioner is the most commonly used air conditioner for single rooms. The split air conditioner comprises of two parts: the outdoor unit and the indoor unit. Packaged Air Conditioner used to cool more than two rooms or a larger space at your home or office. Central air conditioning is used for cooling big buildings, houses, offices, entire hotels, gyms, movie theaters, factories etc.
An evaporator is basically a heat exchanger coil that collects heat from inside a room through a refrigerant gas. Compressor is basically a device where compression of the gaseous refrigerant occurs. The condenser receives the vaporized refrigerant from the compressor and converts it back to liquid and expels the heat outside. Expansion valve also known as the throttling device, is located between the two sets of coils (the chilled coils of the evaporator and the hot coils of the condenser). It keeps tabs on the amount of refrigerant moving towards the evaporator.
A direct expansion air conditioning (DX) system uses a refrigerant vapour expansion/compression (RVEC) cycle to directly cool the supply air to the given space. The Multi-connected Units air conditioning systems are used to connect more than one indoor units to one outdoor. The global market for air conditioning systems comprises Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The global market for air conditioning systems includes Asia Pacific, North America, Latin America, Europe, the Middle East and Africa. Asia Pacific is the largest market for air conditioning system in the world.
Air Conditioner Market: Product Type
Air Conditioner Market: End Users/Application Analysis
Air Conditioner Market : Competitive Analysis
Geographical analysis of Air Conditioner Market:
Global Air Conditioner Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD 154917.9 million |
Forecast Value (2030) |
USD 276000.82 million |
CAGR (2022 to 2028) |
8.6 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Air Conditioner Market was valued at around USD 154917.9 million in 2023 & estimated to reach USD 276000.82 million by 2030.
Air Conditioner Market is likely to grow at compounded annual growth rate (CAGR) of 8.6% between 2024 to 2030.
Some of the top companies included in the research report are
Yes, the report includes COVID 19 impact on the market.
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