Commercial Air Conditioner Market by Product, Technology and Geography - Forecast and Analysis 2023-2027

Published: Jun 2023 Pages: 182 SKU: IRTNTR45094

Commercial Air Conditioners Market Analysis Report 2023-2027:

The commercial air conditioner market size is estimated to grow at a CAGR of 6.46% between 2022 and 2027. The market size is forecast to increase by USD 45,610.86 million. The growth of the market depends on several factors, including increasing demand for energy-efficient commercial air conditioners, Rapid urbanization and infrastructure development leading to demand for commercial air conditioners, and product innovation leading to portfolio extension of commercial air conditioners.

This commercial air conditioners market report extensively covers market segmentation by Product (split systems, VRF systems, chillers, rooftops, and others), Technology (non-inverter and inverter), and Geography ( North America, APAC, Middle East and Africa, Europe, 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 Commercial Air Conditioners Market During the Forecast Period?

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Commercial Air Conditioners Market: Key Drivers, Trends, Challenges, and Customer Landscape

Increasing demand for energy-efficient commercial air conditioners notably driving the market growth, although factors such as high initial costs associated with commercial air conditioners may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Commercial Air Conditioners Market Driver

Increasing demand for energy-efficient commercial air conditioners is the key factor driving the growth of the commercial air conditioners market. Energy costs constitute an important portion of operating expenses for commercial buildings. Increasing emphasis is being placed on reducing energy consumption and lowering operating costs for businesses. Commercial air conditioners, which are more energy efficient than conventional equipment, save a substantial amount of energy.

For instance, Carrier's Greenspeed Intelligence technology, which is incorporated into the company's commercial air conditioners, optimizes performance and energy efficiency by modulating the system's operation based on the building's cooling requirements. By investing in energy-efficient solutions, businesses can achieve substantial cost savings in the long run, making it an attractive proposition for commercial building owners and operators. Such factors are expected to drive the growth of the global commercial air conditioner market during the forecast period.

Significant Commercial Air Conditioners Market Trends

Growing demand for integrated systems in buildings is the primary trend shaping the commercial air conditioner market growth. HVAC controls and building systems are witnessing more integration, driving demand among end-users who seek the benefits of streamlining systems, such as lighting and access controls. This allows higher energy efficiency in managing building systems as it allows control from one interface.

For instance, access controls integrated with HVAC controls allow building managers to use a single platform to monitor cooling and increase or decrease the cooling based on the number of people in the commercial air conditioner environment. Similarly, integrated systems can use occupancy and air quality sensors for adjusting ventilation rates and air conditioning settings depending on the number of users as well as to measure ambient air quality. Such factors are expected to drive the growth of the commercial air conditioner market during the forecast period.

Major Commercial Air Conditioners Challenge

High initial costs associated with commercial air conditioners is a major challenge to the growth of the commercial air conditioners market.  Commercial air conditioners, especially larger and more advanced systems, often require significant upfront investments when compared to residential air conditioning units. They are typically larger and more complex than residential AC units, thus requiring higher-capacity compressors, larger condenser units, and more extensive ductwork.

The cost of all these components and their installation costs, along with the cost of the unit itself, is very high in commercial air conditioning units. In order to meet the increased volume and weight of these systems, the installation of commercial air conditioning installations requires additional expenditure such as specialised labour, material for connecting ductwork, electricity connections, or possible alterations in its structure. When compared to residential units, commercial air conditioners are designed to cool larger spaces and they consume more energy. This higher energy consumption translates into increased operational costs over time, which should be considered in the overall cost analysis of commercial air conditioners. Such factors are expected to pose a challenge to the growth of the global commercial air conditioners market during the forecast period.

Commercial Air Conditioners Market Customer Landscape

The market 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 Commercial Air Conditioners Market Customer Landscape

Who are the Major Commercial Air Conditioners 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.

AAON Inc.: The company offers commercial air conditioners such as AAON RN series packaged rooftop units.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

  • Blue Star Ltd.
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Danfoss AS
  • Emerson Electric Co.
  • Fujitsu Ltd.
  • Haier Smart Home Co. Ltd.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Lennox International Inc.
  • LG Electronics Inc.
  • Mitsubishi Electric Corp.
  • Modine Manufacturing Co.
  • Panasonic Holdings Corp.
  • Samsung Electronics Co. Ltd.
  • Toshiba Corp.
  • Trane Technologies Plc
  • Voltas Ltd.

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 Segments in the Commercial Air Conditioners Market?

The market share growth by the split systems segment will be significant during the forecast period. Split air conditioners are widely used in commercial settings, including offices, retail spaces, hotels, and healthcare facilities. This segment is mainly characterized by the division of the system into two main units: the indoor unit and the outdoor unit.

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The split system segment was valued at USD 30,909.91 million in 2017 and continued to grow until 2021. The growth of this segment can be attributed to the rising demand for energy-efficient and cost-effective air conditioning systems in commercial applications. Split air conditioners are more energy-efficient than other types of air conditioners and offer a wider range of features and options. They are also relatively easy to install and maintain, which makes them a popular choice for commercial applications. For instance , market players such as Samsung in this segment continuously focus on product innovation, technological advancements, and customization to cater to the diverse requirements of commercial customers. Such factors are expected to boost the growth of the splits segment of the commercial air conditioner market during the forecast period.

Which are the Key Regions for the Commercial Air Conditioners Market?

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North America is estimated to contribute 29% 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 US also has strict energy efficiency regulations that influence the market, pushing for the adoption of more energy-efficient and environmentally friendly solutions. Canada also has a notable commercial air conditioner market, driven by the country's economic growth and urbanization. On the other hand, Mexico's commercial air conditioner market is influenced by factors such as industrial growth, tourism, and climate conditions. The country has a significant hospitality sector, with a high demand for air conditioning in hotels and resorts. Mexico's industrial and manufacturing sectors also contribute to the demand for commercial air conditioning systems.

In 2020, the commercial air conditioner market in North America witnessed a major downturn in revenue. The demand for industrial machinery, including commercial air conditioners, witnessed a drastic setback owing to the surge in the number of COVID-19 cases globally. The sales of equipment such as commercial air conditioners witnessed a decline owing to the nationwide lockdowns, which resulted in the shutting down of factories and production sites. Various vendors operating in the regional commercial air conditioner market witnessed a major decline in their sales as most major commercial end-users, such as hotels and resorts, were shut. However, in 2021, the launch of COVID-19 vaccines by regional governments, the decrease in the number of cases, and the easing of lockdown measures led to the resumption of various industrial and commercial operations. Such factors are expected to drive the growth of the regional commercial air conditioner market during the forecast period.

Segment Overview

The commercial air conditioners market 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 Million, 2017 - 2027)
    • Split systems
    • VRF systems
    • Chillers
    • Rooftops
    • Other
  • Technology Outlook (USD Million, 2017 - 2027)
    • Non-inverter
    • Inverter
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global commercial air conditioner market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

 

Commercial Air Conditioners 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 6.46%

Market growth 2023-2027

USD 45610.86 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.2

Regional analysis

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

Performing market contribution

North America at 29%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

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

Key companies profiled

AAON Inc., Blue Star Ltd., Carrier Global Corp., Daikin Industries Ltd., Danfoss AS, Emerson Electric Co., Fujitsu Ltd., Haier Smart Home Co. Ltd., Hitachi Ltd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., Mitsubishi Electric Corp., Modine Manufacturing Co., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Toshiba Corp., Trane Technologies Plc, and Voltas Ltd.

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 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.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across North America, APAC, Middle East and Africa, Europe, 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 market vendors

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

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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 Technology
    • 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 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • 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 commercial air conditioners market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global commercial air conditioners market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    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 Split systems - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Split systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Split systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Split systems - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Split systems - Year-over-year growth 2022-2027 (%)
    • 6.4 VRF systems - Market size and forecast 2022-2027
      • Exhibit 38: Chart on VRF systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on VRF systems - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on VRF systems - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on VRF systems - Year-over-year growth 2022-2027 (%)
    • 6.5 Chillers - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Chillers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Chillers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Chillers - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Chillers - Year-over-year growth 2022-2027 (%)
    • 6.6 Rooftops - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Rooftops - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Rooftops - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Rooftops - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Rooftops - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)
      • Exhibit 55: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 56: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 58: Chart on Comparison by Technology
      • Exhibit 59: Data Table on Comparison by Technology
    • 7.3 Non-inverter - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Non-inverter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Non-inverter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Non-inverter - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Non-inverter - Year-over-year growth 2022-2027 (%)
    • 7.4 Inverter - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Inverter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Inverter - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Inverter - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Inverter - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Technology
      • Exhibit 68: Market opportunity by Technology ($ million)
      • Exhibit 69: Data Table on Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • 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 (%)
    • 9.6 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AAON Inc.
              • Exhibit 123: AAON Inc. - Overview
              • Exhibit 124: AAON Inc. - Business segments
              • Exhibit 125: AAON Inc. - Key offerings
              • Exhibit 126: AAON Inc. - Segment focus
            • 12.4 Blue Star Ltd.
              • Exhibit 127: Blue Star Ltd. - Overview
              • Exhibit 128: Blue Star Ltd. - Business segments
              • Exhibit 129: Blue Star Ltd. - Key offerings
              • Exhibit 130: Blue Star Ltd. - Segment focus
            • 12.5 Carrier Global Corp.
              • Exhibit 131: Carrier Global Corp. - Overview
              • Exhibit 132: Carrier Global Corp. - Business segments
              • Exhibit 133: Carrier Global Corp. - Key news
              • Exhibit 134: Carrier Global Corp. - Key offerings
              • Exhibit 135: Carrier Global Corp. - Segment focus
            • 12.6 Daikin Industries Ltd.
              • Exhibit 136: Daikin Industries Ltd. - Overview
              • Exhibit 137: Daikin Industries Ltd. - Business segments
              • Exhibit 138: Daikin Industries Ltd. - Key news
              • Exhibit 139: Daikin Industries Ltd. - Key offerings
              • Exhibit 140: Daikin Industries Ltd. - Segment focus
            • 12.7 Fujitsu Ltd.
              • Exhibit 141: Fujitsu Ltd. - Overview
              • Exhibit 142: Fujitsu Ltd. - Business segments
              • Exhibit 143: Fujitsu Ltd. - Key news
              • Exhibit 144: Fujitsu Ltd. - Key offerings
              • Exhibit 145: Fujitsu Ltd. - Segment focus
            • 12.8 Haier Smart Home Co. Ltd.
              • Exhibit 146: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 147: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 148: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 149: Haier Smart Home Co. Ltd. - Segment focus
            • 12.9 Hitachi Ltd.
              • Exhibit 150: Hitachi Ltd. - Overview
              • Exhibit 151: Hitachi Ltd. - Business segments
              • Exhibit 152: Hitachi Ltd. - Key news
              • Exhibit 153: Hitachi Ltd. - Key offerings
              • Exhibit 154: Hitachi Ltd. - Segment focus
            • 12.10 Johnson Controls International Plc
              • Exhibit 155: Johnson Controls International Plc - Overview
              • Exhibit 156: Johnson Controls International Plc - Business segments
              • Exhibit 157: Johnson Controls International Plc - Key news
              • Exhibit 158: Johnson Controls International Plc - Key offerings
              • Exhibit 159: Johnson Controls International Plc - Segment focus
            • 12.11 Lennox International Inc.
              • Exhibit 160: Lennox International Inc. - Overview
              • Exhibit 161: Lennox International Inc. - Business segments
              • Exhibit 162: Lennox International Inc. - Key offerings
              • Exhibit 163: Lennox International Inc. - Segment focus
            • 12.12 LG Electronics Inc.
              • Exhibit 164: LG Electronics Inc. - Overview
              • Exhibit 165: LG Electronics Inc. - Product / Service
              • Exhibit 166: LG Electronics Inc. - Key offerings
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 167: Mitsubishi Electric Corp. - Overview
              • Exhibit 168: Mitsubishi Electric Corp. - Business segments
              • Exhibit 169: Mitsubishi Electric Corp. - Key news
              • Exhibit 170: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 171: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Modine Manufacturing Co.
              • Exhibit 172: Modine Manufacturing Co. - Overview
              • Exhibit 173: Modine Manufacturing Co. - Product / Service
              • Exhibit 174: Modine Manufacturing Co. - Key offerings
            • 12.15 Panasonic Holdings Corp.
              • Exhibit 175: Panasonic Holdings Corp. - Overview
              • Exhibit 176: Panasonic Holdings Corp. - Product / Service
              • Exhibit 177: Panasonic Holdings Corp. - Key news
              • Exhibit 178: Panasonic Holdings Corp. - Key offerings
            • 12.16 Samsung Electronics Co. Ltd.
              • Exhibit 179: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 180: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 181: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 182: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 183: Samsung Electronics Co. Ltd. - Segment focus
            • 12.17 Trane Technologies Plc
              • Exhibit 184: Trane Technologies Plc - Overview
              • Exhibit 185: Trane Technologies Plc - Business segments
              • Exhibit 186: Trane Technologies Plc - Key news
              • Exhibit 187: Trane Technologies Plc - Key offerings
              • Exhibit 188: Trane Technologies Plc - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: 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

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              commercial air conditioners 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?

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