Climate change has had an unrelenting effect on India. In 2019, in the northern regions of the country, temperatures passed the 50 degrees Celsius mark. Temperatures in the Indian summer over the last decade or so have repeatedly broken heat records, and there is no sign of respite from heat waves in the foreseeable future, making air conditioning an increasingly important fixture in Indian homes. Increasing demands and market leaders Increasing demand for home appliances, along with a fairly low penetration rate, has left the Indian air conditioner market with plenty of room to grow and reached ** million units in financial year 2024. The leading manufacturer of air conditioners in India was Voltas. Since October 2020, the Indian government has banned imports of ready-to-install air conditioners, providing a boost to manufactures in India. Energy consumption in India India was expected to become the world’s third-largest energy consumer by 2030, overtaking the European Union, contributed by rising incomes and improving standards of living. However, with increasing public and private investments in the renewable energy sector, the capacity of renewable energy has been on the rise. The capacity of solar energy approaching *** thousand megawatts in 2024. As of 2024, India ranked ****** in installed renewable energy capacity worldwide.

Snapshot img

Air Conditioner Market for Transportation Size 2024-2028

The air conditioner market for transportation size is forecast to increase by USD 8.45 billion at a CAGR of 6.46% between 2023 and 2028.

The market is witnessing significant growth due to the increasing emphasis on enhancing passenger comfort and experience. One of the key trends in this market is the adoption of alternative refrigerants for air conditioning systems, such as natural refrigerants, which offer better environmental sustainability and reduced greenhouse gas emissions. However, there are challenges associated with the implementation of these refrigerants, including the difficulty in achieving a balance between energy consumption and efficiency. As the transportation sector continues to evolve, it is crucial for market participants to stay abreast of these trends and challenges to remain competitive. The market analysis report provides an in-depth examination of these factors and more, offering valuable insights for stakeholders In the transportation industry.

What will be the Size of the Air Conditioner Market for Transportation During the Forecast Period?

Request Free SampleThe market, encompassing automotive HVAC systems and other industrial applications, continues to evolve, driven by the demand for thermal comfort and safety in various sectors. The market's size is substantial, with significant growth attributed to the increasing focus on environmentally optimized products and energy-efficient systems. Portable systems and unitary segment solutions, including rooftop ACs, are popular choices for their flexibility and adaptability. Two primary segments, the inverter and non-inverter segments, dominate the market, with the inverter segment gaining traction due to its energy savings and improved performance. The commercial and residential segments are key consumers, with the former prioritizing safety and eco-friendly refrigerants, while the latter emphasizes customer experience and interior comfort.Air pollution levels and technological improvements are crucial factors shaping the market's direction. Eco-friendly refrigerants and emerging service distinctions aim to enhance client loyalty and meet evolving regulatory requirements. The HVAC markets' overall activity remains robust, with a focus on enhancing thermal comfort and reducing compressor's power consumption.

How is this Air Conditioner for Transportation Industry segmented and which is the largest segment?

The air conditioner for transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TechnologyAutomaticManualApplicationAutomotiveRailwayaerospaceGeographyAPACChinaIndiaJapanEuropeGermanyNorth AmericaUSSouth AmericaMiddle East and Africa

By Technology Insights

The automatic segment is estimated to witness significant growth during the forecast period. Air conditioning systems in passenger and commercial vehicles have become essential comfort features, enhancing the driving experience through automatic climate control. Advanced technologies, including sensors, electronic controls, and algorithms, enable these systems to regulate temperature, airflow, and humidity. Real-time monitoring of internal and external conditions allows for instant adjustments, while dual-zone and multi-zone control cater to individual passenger preferences. Climate mapping technology considers external factors like sunlight and vehicle speed for optimal air distribution. Energy-efficient systems and environmentally optimized products are crucial considerations In the market, with the Inverter and Unitary segments leading the way. The Middle East, particularly Gulf countries, have significant demand due to urbanization, climate change, and increasing consumer income levels.The Automotive HVAC market is expected to grow due to safety concerns, vehicle electrification, and the use of eco-friendly refrigerants. Major manufacturers focus on technological improvements, such as compressor design, evaporator, receiver, and condenser innovations, to meet customer expectations. Competition is intense, with emerging service distinctions and client loyalty becoming key differentiators. Rapid industrialization, air pollution levels, and increasing commuting populations drive market growth. Auto windows, wind resistance, vehicle efficiency, and fuel savings are essential factors In the market. Vehicle type, passenger car and commercial vehicle, and automobile models influence HVAC markets, with passenger car sales and global economic activities impacting the market significantly.Carbon dioxide emissions and the environment are major concerns, leading to a focus on fuel savings and energy efficiency.

Get a glance at the market report of various segments Request Free Sample

T

Snapshot img

The split air conditioner (ac) share is expected to increase by $ 34.66 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 6%.

This split air conditioner (ac) research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers split air conditioner (ac) segmentations by Product (Ductless, VRF, and Ducted) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). The split air conditioner (ac) report also offers information on several market vendors, including Daikin Industries Ltd., Fujitsu Ltd., Hitachi Ltd., Johnson Controls International Plc, LG Electronics Inc., Midea Group Co. Ltd., Mitsubishi Electric Corp., Panasonic Corp., Samsung Electronics Co. Ltd., and Zhuhai Gree Electric Appliance Co. Ltd. among others.

What will the Split Air Conditioner (AC) Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Split Air Conditioner (AC) Size for the Forecast Period and Other Important Statistics

Split Air Conditioner (AC): Key Drivers and Trends

Based on our research output, there has been a NEGATIVE impact on the market growth during and post COVID-19 era. The preference for split acs is notably driving the split air conditioner (ac) growth, although factors such as challenge may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the split air conditioner (ac) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Split Air Conditioner (AC) Driver

Key Split Air Conditioner (AC) Trend

Key Split Air Conditioner (AC) Challenge

This split air conditioner (ac) analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Who are the Major Split Air Conditioner (AC) Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Daikin Industries Ltd.
Fujitsu Ltd.
Hitachi Ltd.
Johnson Controls International Plc
LG Electronics Inc.
Midea Group Co. Ltd.
Mitsubishi Electric Corp.
Panasonic Corp.
Samsung Electronics Co. Ltd.
Zhuhai Gree Electric Appliance Co. Ltd.

This statistical study of the split air conditioner (ac) encompasses successful business strategies deployed by the key vendors. The split air conditioner (ac) is fragmented and the vendors are deploying growth strategies such as [mention one vendor strategy] to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The split air conditioner (ac) forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Split Air Conditioner (AC)?

For more insights on the market share of various regions Request for a FREE sample now!

74% of the market’s growth will originate from APAC during the forecast period. China, Japan, India, and Indonesia are the key markets for split air conditioner (ac) in APAC. Market growth in this region will be faster/slower than the growth of the market in regions.

[growth driver in the region] will facilitate the split air conditioner (ac) growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Split Air Conditioner (AC)?

To gain further insights on the market contribution of various segments Request for a FREE sample

The split air conditioner (ac) share growth by the segments.1 segment will be significant during the forecast period. [mention about segment growth].

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the split air conditioner (ac) size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in the regional reports:

US Split AC Market - The market share will grow at a CAGR of 7.81 percent over the period 2013-2018.

    Split Air Condi

In 2022, the demand for air conditioning devices in India amounted to approximately *** thousand units. It was an increase in comparison with the previous year. Within the observed period, demand for commercial air conditioning peaked in 2018 at around *** thousand units.

The global commercial air conditioner (AC) market size reached 19.3 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 28.4 Million Units by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033. The rising installation of advanced and energy-efficient cooling systems in hospitality establishments, elevating temperatures and humidity levels worldwide, and increasing acceptance of ACs as utility products represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the global commercial air conditioner (AC) market, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type, installation type, and end user.

Snapshot img

Commercial Air Conditioner Market Size 2024-2028

The commercial air conditioner market size is forecast to increase by USD 46.28 billion at a CAGR of 6.3% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by the increasing demand for energy-efficient solutions. This trend is being fueled by stringent energy regulations and growing awareness of the environmental impact of traditional air conditioning systems. A notable development in this market is the increasing use of R32 refrigerant in split air conditioners, which offers improved energy efficiency and lower global warming potential compared to R22. However, the market faces challenges, including the high initial costs associated with commercial air conditioning systems, which can deter potential buyers. Additionally, regulatory hurdles impact adoption due to the complex approval processes for new air conditioning technologies.
Supply chain inconsistencies also temper growth potential, as fluctuations in raw material prices and logistical challenges can affect production and delivery timelines. Companies seeking to capitalize on market opportunities must focus on innovation, energy efficiency, and cost-effective solutions to overcome these challenges and meet the evolving needs of consumers and regulatory bodies.

What will be the Size of the Commercial Air Conditioner Market during the forecast period?

Request Free Sample

In the commercial air conditioning market, building automation systems play a pivotal role in optimizing performance and enhancing sustainability initiatives. Performance optimization, achieved through airflow optimization, fan noise reduction, and condensation control, is a key trend. Sustainability is further emphasized through refrigerant recycling and refrigerant management. The building envelope, thermal comfort, and human comfort are crucial factors in system design, adhering to Ashrae standards and codes & regulations.
Indoor climate is a top priority, with predictive analytics and energy modeling facilitating carbon reduction and cooling load calculations. Building performance is further augmented through load balancing and cloud-based monitoring. Ultimately, the market prioritizes occupant satisfaction, with sound attenuation and thermal comfort essential for creating ideal indoor environments.

How is this Commercial Air Conditioner Industry segmented?

The commercial air conditioner industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Split systems
  VRF systems
  Chillers
  Rooftops
  Others


Technology

  Non-inverter
  Inverter


Geography

  North America

    US


  Europe

    Germany


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Product Insights

The split systems segment is estimated to witness significant growth during the forecast period.

Commercial air conditioning systems, including split systems, are essential for maintaining comfortable indoor environments in various industries such as offices, retail spaces, hotels, and healthcare facilities. Split systems are composed of an indoor unit and an outdoor unit, with the indoor unit typically installed inside the commercial space, featuring a cooling coil, fan, and air filters. The outdoor unit, located outside the building, houses the compressor, condenser coil, and expansion valve. The market's evolution is driven by the growing emphasis on energy efficiency and cost-effectiveness in commercial applications. Green building initiatives and increasing carbon footprint concerns have led to the adoption of advanced technologies like compressor technology, heat recovery, renewable energy, and energy management systems.

These innovations improve operational efficiency, reduce energy consumption, and lower maintenance costs. Industrial facilities, data centers, and large commercial buildings often utilize air handling units, cooling towers, and water-cooled or air-cooled chillers to manage large cooling capacities. IoT integration, remote monitoring, and building automation systems enable better temperature control, airflow management, and humidity control. Variable speed drives and SEER rating are crucial factors in optimizing energy efficiency and fan efficiency. LEED certification, smart sensors, and smart controls are becoming increasingly popular for enhancing indoor air quality and improving overall system performance. VRF systems, rooftop units, and packaged units cater to various commercial needs, while demand response programs and service contracts ensure reliable and cost-effective operation.

Overall, the commercial air conditioning market continues to evolve, integrating advanced technologies to meet the growing demands

In 2024, the Indian market for non-window or wall air conditioning machines decreased by -5.4% to $2B for the first time since 2021, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a slight descent. Consumption of peaked at $3.1B in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

Snapshot img

AC and DC Adapters Market Size 2024-2028

The AC and DC adapters market size is forecast to increase by USD 3.4 billion, at a CAGR of 4.09% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing adoption of premium smartphones in emerging economies. This trend is leading to a surge in demand for high-quality charging solutions, particularly in regions such as Asia-Pacific and Latin America. Additionally, market companies are expanding their production facilities and launching new products to meet this growing demand. However, the market faces challenges from fluctuating prices of raw materials and other production costs. These fluctuations can impact profitability and require companies to carefully manage their supply chains and production costs to remain competitive. Companies seeking to capitalize on market opportunities should focus on innovation, quality, and cost-effective manufacturing to meet the evolving needs of consumers in emerging economies.
At the same time, they must navigate the challenges of volatile raw material prices and maintain flexible production capabilities to respond to market fluctuations. Overall, the market presents significant opportunities for growth, but requires strategic planning and agility to navigate the dynamic market landscape.

What will be the Size of the AC and DC Adapters Market during the forecast period?

Request Free Sample

The market continues to evolve, driven by advancements in technology and diverse applications across various sectors. Tablet adapters and industrial equipment are among the key areas witnessing significant growth, with a focus on fast charging and high power output. RFI filters and power management ICs play crucial roles in ensuring efficient power conversion and reducing electromagnetic interference. Consumer electronics, from computers and peripherals to mobile devices, demand compact, energy-efficient power supply units with advanced safety features such as overvoltage protection, short circuit protection, and thermal protection. The integration of green technology, including silicon carbide and GaN technology, is driving innovation and cost optimization.

In the industrial sector, power efficiency and safety standards, such as CE marking and UL certification, are essential for ensuring compliance and reliability. Wall adapters and power cord solutions cater to the diverse input voltage range requirements of industrial equipment. Retail distribution channels continue to play a vital role in the market, with an emphasis on cost optimization and product differentiation. The ongoing development of wireless charging technology and DC-DC conversion is expanding the market's scope, offering new opportunities for growth. Power factor correction and smart charging are emerging trends, enabling efficient energy usage and reducing energy waste.The market's continuous dynamism is reflected in the evolving connector types and component sourcing strategies, ensuring a steady flow of innovative solutions to meet the ever-changing needs of various industries.

How is this AC and DC Adapters Industry segmented?

The ac and dc adapters industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Smartphones
  Laptops
  Tablets
  Others


Type

  Wall adapters
  Desktop adapters


Geography

  North America

    US


  Europe

    Germany


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Application Insights

The smartphones segment is estimated to witness significant growth during the forecast period.

The market for AC and DC adapters has experienced significant growth due to the increasing use of electronic devices, particularly smartphones. Consumers demand reliable and efficient charging solutions to keep their devices powered, leading manufacturers to innovate with fast-charging technology. Overvoltage protection, thermal protection, and short circuit protection are essential safety features in these adapters, ensuring the safety and longevity of both the adapter and the connected device. Green technology, such as silicon carbide and gallium nitride (GaN) technology, is gaining popularity for its energy efficiency and cost optimization benefits. The use of these technologies in AC-DC conversion and power management ICs contributes to the reduction of energy waste and the overall improvement of power efficiency.

Connector types, such as USB, micro-USB, and Type-C, have become essential differentiators in the market. CE marking and UL certification ensure compliance with safety standards, providing consumers with peace of mind when purchasing adapters for their devices. In the consumer electronics sector, product differentiatio

The India Voltage Stabilizer Market is anticipated to grow robustly during the forecast period,