The Airconditioning Equipment Market Is Estimated To Reach $281.59 Billion By 2027 At A CAGR Of 5.0% – Includes Airconditioning Equipment Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increasing urbanization and industrialization are expected to drive innovation in airconditioning equipment manufacturing, thus driving the market during the forecast period.
The global airconditioning equipment market is expected to grow from $222.27 billion in 2022 to $231.53 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The global air-conditioning equipment market size is expected to grow to $281.59 billion in 2027 at a CAGR of 5.0%.
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Global Airconditioning Equipment Market Segments Include:
- By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers
- By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
- 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. Among these regions, Asia Pacific is the largest region in the global airconditioning equipment market in 2021.
Major Market Players in the airconditioning equipment market include Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation.
The Airconditioning Equipment Global Market Report 2023 provides a airconditioning equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The airconditioning equipment market forecast analyzes airconditioning equipment market size, airconditioning equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The air-conditioning equipment refers to a device used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces.
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