Air Conditioning (AC) Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

Published: Apr 2023 Pages: 182 SKU: IRTNTR43846

Air Conditioning (AC) Market By Product: Splits, Chillers, Airside and Distribution Channel: Offline and Online

The air conditioning (AC) market size is estimated to grow at a CAGR of 2.87% between 2022 and 2027. The market size is forecast to increase by USD 19.65 billion. The growth of the market depends on several factors, including rising in residential construction activity, product innovation leading to portfolio extension and product premiumization, and increasing demand for inverter air conditioners. 

This air conditioning (AC) market report extensively covers market segmentation by product (splits, chillers, airside, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Air Conditioning Market During the Forecast Period?

To learn more about this report, View Report Sample

Air Conditioning Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing demand for inverter air conditioners is notably driving the market growth, although factors such as rising energy consumption may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Air Conditioning Market Driver

The increasing demand for inverter air conditioners is notably driving market growth.  The newest technology available for air conditioners is inverter technology. When compared to other conventional air conditioners, the technology is intended to save over 35–45% of electricity. The technology was created in Japan and is highly sought after by the refrigeration and air conditioning industries. Based on the temperature of the room, the system modifies the refrigerant's flow rate. When the heat is lower, the technology decreases the flow rate and vice versa. Moreover, the compressor is also not shut off by this technology.

Traditional air conditioners' regular motors require up to four times more energy to start up. However, the variable-speed motors used in these inverter technologies require less power to start up. Solar PV air conditioners work best with inverter technology. PV panels and the inverter used with them are both small in size. Vendors have also added additional features, such as sleep state technology, which uses a sensor to detect when users are about to fall asleep and adjusts the temperature for their comfort. Thus, the increasing demand for inverter air conditioners to save energy will drive the growth of the global air conditioning (AC) market during the forecast period.

Significant Air Conditioning Market Trends

Increased adoption of omnichannel distribution and multichannel marketing is an emerging trend in market growth. Residential users' preference for online shopping for home goods, including air conditioning products, has grown significantly over the past few years. The market has been stimulated by the expansion of the online retail sales channel and the use of multichannel business models. Several suppliers, including Midea, sell their goods both offline and online. Moreover, the products also have greater visibility due to the online channel. This, along with the accessibility of a broad product selection, helps to fuel the expansion of the online retail sector.

The success of online retailing can be attributed to expanding the customer base and reducing the cost of inventory management. Despite having a smaller share of the global market, the online segment is predicted to grow more quickly than the offline segment. Home appliance sales online are expanding as a result of improved Internet connectivity, expanding use of mobile Internet devices, and growing consumer awareness. Additionally, due to quicker doorstep delivery and 24/7 secure e-transactions, online shopping is also convenient. This shortens the lineup for billing and the point of sale (POS) in physical retail stores. Furthermore, it makes getting from the POS to one's house less difficult. Thus, these factors will boost the growth of the global air conditioning (AC) industry during the forecast period.

Major Air Conditioning Market Challenge

The rising energy consumption is a major challenge impeding the market growth. Among all the appliances used in residential apartments, air conditioners are the ones that use the most energy. The appliance's rising energy consumption in homes makes it harder to use the product throughout the day. For optimal performance and temperature control, air conditioners also need regular maintenance. However, because maintenance agreements have been broken and services have been prolonged unreasonably, there has been widespread customer dissatisfaction in the market.

Furthermore, market vendors do not closely monitor indirect service providers, which can seriously damage the vendor's reputation as a brand. In order to combat this, manufacturers must choose suppliers who offer ongoing customer support, which will help them achieve operational excellence. Thus, these factors will hinder the growth of the global air conditioning (AC)  industry during the forecast period.

Key Air Conditioning Market Customer Landscape

The air conditioning (AC) industry analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Air Conditioning Market Customer Landscape

Who are the Major Air Conditioning Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

LG Electronics Inc. - The company offers technology and consumer electronics such as home appliance and air solutions, home entertainment, vehicle component solutions, and business solutions. The company's key offerings include air conditioning, such as AI dual inverter air conditioners.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • AB Electrolux
  • Blue Star Ltd.
  • Daikin Industries Ltd.
  • DeLonghi Appliances S.r.l.
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • MIDEA Group
  • Mitsubishi Electric Corp.
  • Panasonic Holdings Corp.
  • Samsung Electronics Co. Ltd.
  • Trane Technologies Plc. 

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Air Conditioning Market?

The market size growth by the splits segment will be significant during the forecast period. The segment is growing as energy-efficient and stylish split air conditioners are replacing window units. To meet the rising demand from customers, suppliers like Samsung have stopped making window air conditioners in favor of split air conditioners. Due to their effectiveness, inverter-based splits are also becoming more popular.

Get a glance at the market contribution of various segments View the PDF Sample

The splits segment was valued at USD 97.04 billion in 2017 and continued to grow until 2021Due to their ease of installation, simultaneous heating and cooling effects, accurate temperature control, and energy efficiency, split air conditioners are preferred by most people over traditional window air conditioners. On a wooden frame in the window or on the wall, window air conditioners are mounted. As a result, installing window ACs requires a large workforce, including carpenters, masons, and AC technicians. However, split air conditioners are simple to maintain and don't require a wooden frame to be installed. These advantages are driving up demand for split air conditioners. Additionally, split air conditioners are quieter than window air conditioners because the compressor and fan are built into the outdoor unit. While split air conditioners' outdoor units are usually positioned in a shaded, airy area, which facilitates good airflow in the room, window air conditioners are occasionally exposed to direct sunlight.   Thus, due to the abovementioned factors, the demand for split ACs is increasing, which in turn will drive the growth of the global air conditioning (AC) market during the forecast period.

Which are the Key Regions for the Air Conditioning Market?

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The demand for pricey home appliances like refrigerators and air conditioners is rising as disposable income rises in nations like Vietnam, China, and India. The demand for comfort is also growing along with income, which is fueling the demand for air conditioners. The primary factor behind the rise in household air conditioner sales is the migration of air conditioners from bedrooms to living rooms. Vendors are expanding their product lines to include more efficient air conditioners in response to the region's price-conscious consumers. Nearly 80% of the APAC market is made up of China and Japan. Furthermore, India is also anticipated to grow rapidly due to urbanization and rising disposable incomes in the nation during the forecast period.

In 2020, the outbreak of COVID-19 adversely impacted regional market growth. However, mass vaccination drives and the resumption of supply chain operations of air conditioning products helped the market gain momentum in 2021 and 2022. Digitization of business processes and adoption of online distribution channels by vendors will further help the market grow during the forecast period. Moreover, governments across the region are expected to invest in smart cities, which is expected to drive the growth of the regional market during the forecast period. All such factors will fuel the air conditioning (AC) market growth over the anticipated period. 

Segment Overview

The air conditioning (AC) market analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Billion, 2017 - 2027)
    •  Splits
    • Chillers
    • Airside
    • Others
  • Distribution Channel Outlook (USD Billion, 2017 - 2027)
    • Online
    • Offline
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Parent Market Analysis

Technavio categorizes the global air conditioning market as a part of the global household appliances market within the global household durables industry. The parent global household appliances market covers revenue generated by manufacturers of electric household appliances and related products.  Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Air Conditioning Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.87%

Market growth 2023-2027

USD 19.65 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

1.64

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 44%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Electrolux, Blue Star Ltd., Daikin Industries Ltd., DeLonghi Appliances S.r.l., Emerson Electric Co., Fujitsu Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, LG Electronics Inc., MIDEA Group, Mitsubishi Electric Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Trane Technologies Plc, Transform Holdco LLC, Toshiba Corp., Voltas Ltd., and Whirlpool Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View the PDF sample

What are the Key Data Covered in this Air Conditioning Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the air conditioning market between 2023 and 2027
  • Precise estimation of the size of the air conditioning market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of air conditioning market vendors

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global air conditioning market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global air conditioning market 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Splits - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Splits - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Splits - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Splits - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Splits - Year-over-year growth 2022-2027 (%)
    • 6.4 Chillers - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Chillers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Chillers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Chillers - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Chillers - Year-over-year growth 2022-2027 (%)
    • 6.5 Airside - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Airside - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Airside - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Airside - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Airside - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 52: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 54: Chart on Comparison by Distribution Channel
      • Exhibit 55: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 64: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 AB Electrolux
              • Exhibit 119: AB Electrolux - Overview
              • Exhibit 120: AB Electrolux - Business segments
              • Exhibit 121: AB Electrolux - Key news
              • Exhibit 122: AB Electrolux - Key offerings
              • Exhibit 123: AB Electrolux - Segment focus
            • 12.4 Blue Star Ltd.
              • Exhibit 124: Blue Star Ltd. - Overview
              • Exhibit 125: Blue Star Ltd. - Business segments
              • Exhibit 126: Blue Star Ltd. - Key offerings
              • Exhibit 127: Blue Star Ltd. - Segment focus
            • 12.5 Daikin Industries Ltd.
              • Exhibit 128: Daikin Industries Ltd. - Overview
              • Exhibit 129: Daikin Industries Ltd. - Business segments
              • Exhibit 130: Daikin Industries Ltd. - Key news
              • Exhibit 131: Daikin Industries Ltd. - Key offerings
              • Exhibit 132: Daikin Industries Ltd. - Segment focus
            • 12.6 DeLonghi Appliances S.r.l.
              • Exhibit 133: DeLonghi Appliances S.r.l. - Overview
              • Exhibit 134: DeLonghi Appliances S.r.l. - Business segments
              • Exhibit 135: DeLonghi Appliances S.r.l. - Key news
              • Exhibit 136: DeLonghi Appliances S.r.l. - Key offerings
              • Exhibit 137: DeLonghi Appliances S.r.l. - Segment focus
            • 12.7 Fujitsu Ltd.
              • Exhibit 138: Fujitsu Ltd. - Overview
              • Exhibit 139: Fujitsu Ltd. - Business segments
              • Exhibit 140: Fujitsu Ltd. - Key news
              • Exhibit 141: Fujitsu Ltd. - Key offerings
              • Exhibit 142: Fujitsu Ltd. - Segment focus
            • 12.8 Haier Smart Home Co. Ltd.
              • Exhibit 143: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 144: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 145: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 146: Haier Smart Home Co. Ltd. - Segment focus
            • 12.9 Honeywell International Inc.
              • Exhibit 147: Honeywell International Inc. - Overview
              • Exhibit 148: Honeywell International Inc. - Business segments
              • Exhibit 149: Honeywell International Inc. - Key news
              • Exhibit 150: Honeywell International Inc. - Key offerings
              • Exhibit 151: Honeywell International Inc. - Segment focus
            • 12.10 Johnson Controls International Plc
              • Exhibit 152: Johnson Controls International Plc - Overview
              • Exhibit 153: Johnson Controls International Plc - Business segments
              • Exhibit 154: Johnson Controls International Plc - Key news
              • Exhibit 155: Johnson Controls International Plc - Key offerings
              • Exhibit 156: Johnson Controls International Plc - Segment focus
            • 12.11 LG Electronics Inc.
              • Exhibit 157: LG Electronics Inc. - Overview
              • Exhibit 158: LG Electronics Inc. - Product / Service
              • Exhibit 159: LG Electronics Inc. - Key offerings
            • 12.12 Mitsubishi Electric Corp.
              • Exhibit 160: Mitsubishi Electric Corp. - Overview
              • Exhibit 161: Mitsubishi Electric Corp. - Business segments
              • Exhibit 162: Mitsubishi Electric Corp. - Key news
              • Exhibit 163: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 164: Mitsubishi Electric Corp. - Segment focus
            • 12.13 Panasonic Holdings Corp.
              • Exhibit 165: Panasonic Holdings Corp. - Overview
              • Exhibit 166: Panasonic Holdings Corp. - Business segments
              • Exhibit 167: Panasonic Holdings Corp. - Key news
              • Exhibit 168: Panasonic Holdings Corp. - Key offerings
              • Exhibit 169: Panasonic Holdings Corp. - Segment focus
            • 12.14 Samsung Electronics Co. Ltd.
              • Exhibit 170: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 171: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 172: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 173: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 174: Samsung Electronics Co. Ltd. - Segment focus
            • 12.15 Transform Holdco LLC
              • Exhibit 175: Transform Holdco LLC - Overview
              • Exhibit 176: Transform Holdco LLC - Product / Service
              • Exhibit 177: Transform Holdco LLC - Key offerings
            • 12.16 Toshiba Corp.
              • Exhibit 178: Toshiba Corp. - Overview
              • Exhibit 179: Toshiba Corp. - Business segments
              • Exhibit 180: Toshiba Corp. - Key news
              • Exhibit 181: Toshiba Corp. - Key offerings
              • Exhibit 182: Toshiba Corp. - Segment focus
            • 12.17 Whirlpool Corp.
              • Exhibit 183: Whirlpool Corp. - Overview
              • Exhibit 184: Whirlpool Corp. - Business segments
              • Exhibit 185: Whirlpool Corp. - Key offerings
              • Exhibit 186: Whirlpool Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 187: Inclusions checklist
                • Exhibit 188: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 189: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 190: Research methodology
                • Exhibit 191: Validation techniques employed for market sizing
                • Exhibit 192: Information sources
              • 13.5 List of abbreviations
                • Exhibit 193: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              air conditioning market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis