Air Conditioning Systems Market Scope and Size by 2031
Increasing disposable incomes with the populations coupled with changing mindsets of the millennial populations are anticipated to be the major factors driving the growing adoptions of air conditioning systems. Higher installations costs hinder the adoptions of air conditioning systems posing a challenge to the growth of the air conditioning systems market. Improvements in the housing standards coupled with various smart city initiatives being undertaken in different corners of the world provide new opportunities to the players operating in the air conditioning systems market.
The "Global Air Conditioning Systems Market Analysis to 2031" is a specialized and in-depth study of the air conditioning systems market with a focus on the global market trend. The report aims to provide an overview of the global air conditioning systems market with detailed market segmentation by product, sales channel, end-use, and geography. The global air conditioning systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global air conditioning systems market based on the product, sales channel, and end-use. It also provides market size and forecast till 2031 for overall air conditioning systems market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The Air conditioning systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Air conditioning systems market in these regions. Further, the report also includes ecosystem analysis for the air conditioning systems market.
Also, key air conditioning systems market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the market are Samsung Electronics Co. Ltd., Mitsubishi Corporation, Daikin Industries Ltd., Siemens AG, and Panasonic Corporation. Also, Midea Group Co. Ltd, Denso Corporation, Hitachi Ltd., LG Electronics Inc., and Electrolux AB are a few other important players in the air conditioning systems market. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Air Conditioning Systems Market - By Product
- Air Conditioning Systems Market - By Sales Channel
- Air Conditioning Systems Market - By End-Use
- Air Conditioning Systems Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AIR CONDITIONING SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. AIR CONDITIONING SYSTEMS MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AIR CONDITIONING SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. AIR CONDITIONING SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. AIR CONDITIONING SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. AIR CONDITIONING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ROOM AIR CONDITIONERS
7.3.1. Overview
7.3.2. Room air conditioners Market Forecast and Analysis
7.4. PACKAGED AIR CONDITIONERS
7.4.1. Overview
7.4.2. Packaged air conditioners Market Forecast and Analysis
7.5. SPLIT AIR CONDITIONERS
7.5.1. Overview
7.5.2. Split air conditioners Market Forecast and Analysis
7.6. MINI SPLIT AIR CONDITIONERS
7.6.1. Overview
7.6.2. Mini split air conditioners Market Forecast and Analysis
7.7. DUCTLESS AIR CONDITIONERS
7.7.1. Overview
7.7.2. Ductless air conditioners Market Forecast and Analysis
7.8. TERMINAL AIR CONDITIONERS
7.8.1. Overview
7.8.2. Terminal air conditioners Market Forecast and Analysis
7.9. CENTRAL AIR CONDITIONERS
7.9.1. Overview
7.9.2. Central air conditioners Market Forecast and Analysis
7.10. PORTABLE AIR CONDITIONERS
7.10.1. Overview
7.10.2. Portable air conditioners Market Forecast and Analysis
7.11. PACKAGED CENTRAL AIR CONDITIONERS
7.11.1. Overview
7.11.2. Packaged Central Air Conditioners Market Forecast and Analysis
8. AIR CONDITIONING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
8.1. OVERVIEW
8.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. B2B SALES
8.3.1. Overview
8.3.2. B2B Sales Market Forecast and Analysis
8.4. AUTHORIZED RETAIL STORES
8.4.1. Overview
8.4.2. Authorized Retail Stores Market Forecast and Analysis
8.5. ELECTRONIC STORES
8.5.1. Overview
8.5.2. Electronic stores Market Forecast and Analysis
8.6. ONLINE
8.6.1. Overview
8.6.2. Online Market Forecast and Analysis
9. AIR CONDITIONING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - END-USE
9.1. OVERVIEW
9.2. END-USE MARKET FORECASTS AND ANALYSIS
9.3. INDUSTRIAL
9.3.1. Overview
9.3.2. Industrial Market Forecast and Analysis
9.4. RESIDENTIAL
9.4.1. Overview
9.4.2. Residential Market Forecast and Analysis
9.5. COMMERCIAL
9.5.1. Overview
9.5.2. Commercial Market Forecast and Analysis
10. AIR CONDITIONING SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Air Conditioning Systems Market Overview
10.1.2. North America Air Conditioning Systems Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Product
10.1.4. North America Market Forecasts and Analysis - By Sales Channel
10.1.5. North America Market Forecasts and Analysis - By End-Use
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Product
10.1.6.1.2. US Market by Sales Channel
10.1.6.1.3. US Market by End-Use
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Product
10.1.6.2.2. Canada Market by Sales Channel
10.1.6.2.3. Canada Market by End-Use
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Product
10.1.6.3.2. Mexico Market by Sales Channel
10.1.6.3.3. Mexico Market by End-Use
10.2. EUROPE
10.2.1. Europe Air Conditioning Systems Market Overview
10.2.2. Europe Air Conditioning Systems Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Product
10.2.4. Europe Market Forecasts and Analysis - By Sales Channel
10.2.5. Europe Market Forecasts and Analysis - By End-Use
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Product
10.2.6.1.2. France Market by Sales Channel
10.2.6.1.3. France Market by End-Use
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Product
10.2.6.2.2. Germany Market by Sales Channel
10.2.6.2.3. Germany Market by End-Use
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Product
10.2.6.3.2. Italy Market by Sales Channel
10.2.6.3.3. Italy Market by End-Use
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Product
10.2.6.4.2. Russia Market by Sales Channel
10.2.6.4.3. Russia Market by End-Use
10.2.6.5. UK market
10.2.6.5.1. UK Market by Product
10.2.6.5.2. UK Market by Sales Channel
10.2.6.5.3. UK Market by End-Use
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Product
10.2.6.6.2. Rest of Europe Market by Sales Channel
10.2.6.6.3. Rest of Europe Market by End-Use
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Air Conditioning Systems Market Overview
10.3.2. Asia Pacific Air Conditioning Systems Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Product
10.3.4. Asia Pacific Market Forecasts and Analysis - By Sales Channel
10.3.5. Asia Pacific Market Forecasts and Analysis - By End-Use
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Product
10.3.6.1.2. South Korea Market by Sales Channel
10.3.6.1.3. South Korea Market by End-Use
10.3.6.2. China market
10.3.6.2.1. China Market by Product
10.3.6.2.2. China Market by Sales Channel
10.3.6.2.3. China Market by End-Use
10.3.6.3. India market
10.3.6.3.1. India Market by Product
10.3.6.3.2. India Market by Sales Channel
10.3.6.3.3. India Market by End-Use
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Product
10.3.6.4.2. Japan Market by Sales Channel
10.3.6.4.3. Japan Market by End-Use
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Product
10.3.6.5.2. Australia Market by Sales Channel
10.3.6.5.3. Australia Market by End-Use
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Product
10.3.6.6.2. Rest of APAC Market by Sales Channel
10.3.6.6.3. Rest of APAC Market by End-Use
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Air Conditioning Systems Market Overview
10.4.2. Middle East and Africa Air Conditioning Systems Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Product
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Sales Channel
10.4.5. Middle East and Africa Market Forecasts and Analysis - By End-Use
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Product
10.4.6.1.2. South Africa Market by Sales Channel
10.4.6.1.3. South Africa Market by End-Use
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Product
10.4.6.2.2. Saudi Arabia Market by Sales Channel
10.4.6.2.3. Saudi Arabia Market by End-Use
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Product
10.4.6.3.2. UAE Market by Sales Channel
10.4.6.3.3. UAE Market by End-Use
10.4.6.4. Rest of MEA market
10.4.6.4.1. Rest of MEA Market by Product
10.4.6.4.2. Rest of MEA Market by Sales Channel
10.4.6.4.3. Rest of MEA Market by End-Use
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Air Conditioning Systems Market Overview
10.5.2. South America Air Conditioning Systems Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Product
10.5.4. South America Market Forecasts and Analysis - By Sales Channel
10.5.5. South America Market Forecasts and Analysis - By End-Use
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Product
10.5.6.1.2. Brazil Market by Sales Channel
10.5.6.1.3. Brazil Market by End-Use
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Product
10.5.6.2.2. Argentina Market by Sales Channel
10.5.6.2.3. Argentina Market by End-Use
10.5.6.3. Rest of SAM market
10.5.6.3.1. Rest of SAM Market by Product
10.5.6.3.2. Rest of SAM Market by Sales Channel
10.5.6.3.3. Rest of SAM Market by End-Use
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. AIR CONDITIONING SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. MITSUBISHI CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. SAMSUNG ELECTRONICS CO. LTD.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DAIKIN INDUSTRIES LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. SIEMENS AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. PANASONIC CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MIDEA GROUP CO. LTD
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. DENSO CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. HITACHI LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. LG ELECTRONICS INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ELECTROLUX AB
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Samsung Electronics Co. Ltd.
2. Mitsubishi Corporation
3. Daikin Industries Ltd.
4. Siemens AG
5. Panasonic Corporation
6. Midea Group Co. Ltd
7. Denso Corporation
8. Hitachi Ltd.
9. LG Electronics Inc.
10. Electrolux AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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