Air conditioning systems are systems that adjust the properties of air, primarily humidity and temperature, to more favorable conditions. There are various types of air conditioning systems available, including windows, portable, splits, single packaged, cassette, airside, and chillers.
Asia Pacific will continue to dominate the market until 2025, accounting for over 60% of the overall market revenue. The high demand for air conditioning systems in countries such as Japan, China, and India is fuelling the growth of the region. The increasing emphasis on replacing air conditioning systems with energy-efficient equipment is also contributing the growth of the region. North America will also be a prominent market, with the U.S. being at the forefront of growth. The standards set by the American Society of Heating, Refrigerating and Air Conditioning and ongoing technological advancements are escalating the growth of the region.
The market in Europe is expected to witness moderate growth, with the EU7 being the major revenue contributors. The rising awareness regarding the benefits offered by energy-efficient air conditioning systems in building automation and control is propelling the growth of the region. The growth of Latin America can be attributed to the growing adoption of smart air conditioning systems. In the Middle East and Africa, countries such as the U.A.E., Turkey, Israel, and Saudi Arabia are the sights of high growth rate.
The Air Conditioning Systems market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Air Conditioning Systems.
This report presents the worldwide Air Conditioning Systems market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Air Conditioning Systems Breakdown Data by Type
Portable Air Conditioning Systems
Windows Air Conditioning Systems
Splits Air Conditioning Systems
Cassette Air Conditioning Systems
Air Conditioning Systems Breakdown Data by Application
Air Conditioning Systems Production by Region
Air Conditioning Systems Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Air Conditioning Systems status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Air Conditioning Systems manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Air Conditioning Systems :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Air Conditioning Systems market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.