The Global Air-Conditioning Equipment Market Report by The Business Research Company covers air-conditioning equipment market drivers and restraints, air-conditioning equipment market size, major players, and the impact of COVID-19 on the air-conditioning equipment market.
The air-conditioning equipment market consists of sales of air-conditioning equipment by entities (organizations, sole traders, and partnerships) that produce air-conditioning equipment which is used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces. The air-conditioning equipment market is segmented into compressors and condensers. Only goods and services traded between entities or sold to end consumers are included.
Increasing urbanization and industrialization is projected to boost the demand for air-conditioning equipment during the forecast period. The global air-conditioning equipment market is expected to grow from $179.64 billion in 2020 to $186.24 billion in 2021 at a compound annual growth rate (CAGR) of 3.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.54 billion in 2025 at a CAGR of 7.4%.
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Global air-conditioning equipment market segments include:
1) By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers.
2) By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil.
3) By Application: Residential, Commercial.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Air-Conditioning Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides air-conditioning equipment market overviews, analyzes and forecasts market size, share, air-conditioning equipment market players, air-conditioning equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The air-conditioning equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Air-Conditioning Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Air-Conditioning Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Air-Conditioning Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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