The Air Conditioner Market Report is Segmented by Product Type (Window AC, Split AC, Portable AC, and More), End User (Residential, Commercial, and More), Technology (Inverter, Non-Inverter), Capacity (Up To 2 Tons, Above 2 Tons), Distribution Channel (Multi-Brand & EBOs, Hypermarkets & Supermarkets, and More), and Geography (North America, South America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

India hosts a wide range of climates, but the majority of the country could be regarded as tropical. With the impact of global climate change, extreme heat waves have become more and more frequent in the subcontinent. Temperatures passed the 50-degree Celsius mark in the northern regions of India in 2019, with seemingly no respite. The market size of air conditioners in India reached *** billion U.S. dollars in financial year 2024. And with a fairly low penetration rate, the air conditioner market was expected to grow at an increasing rate in the future. India’s energy consumption India was the world’s third-largest energy consumer as of 2024, contributed by rising incomes and improving standards of living. India’s electricity demand was expected to increase more rapidly than its overall energy demand, despite a decrease in financial year 2020 and 2021 due to the coronavirus (COVID-19) pandemic. Even with higher standards and newer technologies, by 2040, the demand for electricity generated by cooling was still projected to increase six-fold. Voltas - top player in the market The leading manufacturer of air conditioners in India was Voltas, owned by Tata Group and now a joint venture with Turkey’s household appliances manufacturer Arcelik since 2017. In the early 1990s, when the government lessened restrictions on Foreign Direct Investment, Voltas faced fierce competition from international brands like Carrier, LG, and Samsung. Since October 2020, the Indian government banned imports of ready-to-install air conditioners, providing a boost to OEMs and other leading manufacturers.

The Portable Air Conditioners Market report segments the industry into By Product Type (Single-Hose Portable Air Conditioners, Double-Hose Portable Air Conditioners, Other Types), By Application (Residential, Commercial), By Distribution Channel (Direct Sales, Multi-brand, Specialty Stores, Online), and By Geography (North America, Asia-Pacific, Europe, South America, Middle East and Africa, Rest of the World).

As of the first half of 2023, the Chinese electronics manufacturer Midea had a market share of **** percent in the air conditioning segment. Besides Chinese brands, several foreign brands also have a significant market share. Among them are Daikin, Toshiba, and Hitachi.

Saudi Arabia's Portable Air Conditioner Market is segmented by type (single-hose portable air conditioners, double-hose portable air conditioners, and other types), by end-user (residential and commercial), and by distribution channel (direct sales, multi-brand, specialty stores, and online). The report offers market size and forecasts for Saudi Arabia's portable air conditioner market in value (USD) for all the above segments.

Thailand Air Conditioner Market was valued at USD 2.90 billion in 2024 and is anticipated to grow USD 6.16 billion by 2030 with a CAGR of 13.57% during forecast period

Pages	85
Market Size	2024: USD 2.90 Billion
Forecast Market Size	2030: USD 6.16 Billion
CAGR	2025-2030: 13.57%
Fastest Growing Segment	VRF
Largest Market	Central Region
Key Players	1. Daikin Industries (Thailand) Co., Ltd. 2. Carrier Air Conditioning (Thailand) Co., Ltd. 3. Thai Samsung Electronics Co,. Ltd. 4. Mitsubishi Electric Consumer Products (Thailand) Co., Ltd. 5. LG Electronics (Thailand) Co., Ltd. 6. Panasonic Solutions (Thailand) Co., Ltd. 7. Arcelik Hitachi Home Appliances Sales (Thailand) Ltd. 8. Haier Electrical Appliances (Thailand) Co., Ltd. 9. Sharp Thai Co., Ltd. 10. MD Consumer Appliances (Thailand) Co., Ltd

As of June 2024, around ** percent of window air conditioner (AC) units sold on South Korean e-commerce platform Danawa were manufactured by Samsung Electronics. Window ACs were suitable for single households in the country, with some companies offering free installation for additional convenience.

The UAE Portable Air Conditioning Market report segments the industry into By Product Type (Single-Hose Portable Air Conditioners, Double-Hose Portable Air Conditioners, Other Product Types), By Application (Residential, Commercial), By Distribution Channel (Direct Sales, Multi brand, Specialty Stores, Online). Get five years of historical data alongside five-year market forecasts.

In the first four months of 2024, Midea was China's leading air conditioner brand, with an offline market share of over ** percent. Its online market share was slightly lower.

Oman Air Conditioner Market size was valued at around USD 495 million in 2024 and is projected to grow at a CAGR of around 3% during 2024-2030

According to Cognitive Market Research, the global Air Conditioner Market size will be USD 165142.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 66057.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 49542.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 37982.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8257.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3302.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Residential category is the fastest growing segment of the Air Conditioner industry

Market Dynamics of Air Conditioner Market

Key Drivers for Air Conditioner Market

Programs for tax credits and rebates are expected to increase sales.

Sales of air conditioning systems are anticipated to be significantly impacted by the availability of tax credit and rebate schemes as well as other financial incentives. These programs offer financial benefits to both individuals and businesses who choose to invest in energy-efficient air conditioning equipment. Tax credits and rebates are a significant factor in promoting the purchase of air conditioning systems. By providing consumers with financial aid, these incentives make the upfront costs of buying energy-efficient air conditioners more manageable. By covering a portion of the costs incurred during the installation or acquisition of energy-efficient technologies, tax credits and rebates assist in reducing the total amount of investment needed. This increases industry sales by making energy-efficient AC systems more desirable to consumers and businesses. As manufacturers strive to meet and exceed government-mandated energy efficiency standards, tax credit and rebate schemes have an impact that extends beyond the initial boost in sales.

Combining loT with air conditioning systems to Drive Market Growth

The air conditioning industry has seen a significant transformation due to the integration of air conditioning systems with the Internet of Things (IoT), particularly in home and commercial applications. The benefits of IoT-enabled air conditioning systems include improved service delivery, reduced downtime, reduced energy costs, enhanced operational efficiency, extended product lifespan, and simple remote control. The ability to offer an appropriate degree of service, which considerably reduces the possibility of system outages, is one of the main advantages of IoT-enabled AC systems. These systems can monitor parameters like temperature, humidity, and system performance in real time because they include sensors and are connected to the internet. The system can use this information to automatically adjust how it operates to maintain optimal conditions, ensuring a comfortable interior environment at all times.

Restraint Factor for the Air Conditioner Market

Electric energy prices are skyrocketing, which restricts market expansion

Since the growing cost of electricity directly impacts the operating costs associated with these systems, it presents a significant barrier to the expansion of the air conditioning business. With rising electricity costs, concerns about the feasibility and cost-effectiveness of air conditioning systems for both residential and business customers are growing. A reluctance to upgrade or invest in air conditioning systems may result from rising energy costs. Consumers' operating expenses are where the air conditioning industry is most affected by rising energy prices.

Impact of Covid-19 on the Air Conditioner Market

The market for air conditioners was greatly impacted by the COVID-19 outbreak, both positively and negatively. Due to supply chain interruptions, manufacturing closures, and economic uncertainties, global demand declined throughout the first phase. A...

GCC Air Conditioner Market was valued at around USD 3.9 billion in 2023 and is estimated to grow at a CAGR of around 5.0% from 2024-2030.

According to a recently updated industry analysis by Fact.MR, revenue from air conditioning system sales in Europe is forecasted to reach US$ 32.68 billion in 2024. This regional market is projected to expand at 6.5% CAGR and climb to a value of US$ 61.35 billion by the end of 2034.

Report Attribute	Detail
Air Conditioning System Sales in Europe (2024E)	US$ 32.68 Billion
Projected Sales (2034F)	US$ 61.35 Billion
Demand Growth (2024 to 2034)	6.5% CAGR
Sales in United Kingdom (2024E)	US$ 2.99 Billion
Market Share of Split Air Conditioning Systems (2034F)	36.9%
Sales in Residential Sector (2034F)	US$ 22.64 Billion
Sales in France (2034F)	US$ 5.67 Billion
Key Companies Profiled	Daikin Europe N.V.; Tx`x`rotec GmbH; Hebs Group Limited; Samsung Electronics Air Conditioner Europe BV; Wilo SE; Robert Bosch GmbH; Kelvion Holding GmbH; Mitsubishi Electric Corporation; AB Electrolux; Hocker Polytechnik GmbH.

Country-wise Insights

Attribute	Germany
Market Value (2024E)	US$ 3.79 Billion
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 7.18 Billion

Attribute	Russia
Market Value (2024E)	US$ 5.09 Billion
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 9.58 Billion

Category-wise Insights

Attribute	Split Air Conditioning Systems
Segment Value (2024E)	US$ 12.03 Billion
Growth Rate (2024 to 2034)	6.5% CAGR
Projected Value (2034F)	US$ 22.64 Billion

Attribute	Residential
Segment Value (2024E)	US$ 11.99 Billion
Growth Rate (2024 to 2034)	6.6% CAGR
Projected Value (2034F)	US$ 22.64 Billion

The UAE air conditioner market size reached approximately USD 1006.29 Million in 2024. The market is assessed to grow at a CAGR of 6.20% between 2025 and 2034 to attain a value of around USD 1836.40 Million by 2034.

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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

The global split-type air conditioner market is experiencing robust growth, driven by rising disposable incomes, increasing urbanization, and a growing preference for energy-efficient cooling solutions in both residential and commercial sectors. The market, segmented by type (mini, standard) and application (commercial, residential, other), shows strong potential across various regions. North America and Asia Pacific currently hold significant market share, fueled by high demand in countries like the United States, China, and India. Technological advancements, such as the incorporation of smart features and eco-friendly refrigerants, are further stimulating market expansion. However, factors like fluctuating raw material prices and stringent environmental regulations pose challenges to sustained growth. The forecast period (2025-2033) anticipates a continued upward trajectory, with a projected Compound Annual Growth Rate (CAGR) of around 5%, based on analysis of recent market performance and anticipated trends. Key players like Panasonic, Mitsubishi, Daikin, and others are actively engaged in product innovation and strategic partnerships to maintain their competitive edge and capture market share. The market’s resilience is expected to endure, supported by ongoing urbanization and sustained demand in developing economies. The competitive landscape is intensely dynamic, characterized by intense competition among established global brands and emerging regional players. Companies are focusing on strategies such as product differentiation, brand building, and expansion into new markets to enhance their market positions. The development of energy-efficient models and smart home integration capabilities are major trends influencing consumer choice and driving sales. Furthermore, government initiatives promoting energy conservation and sustainable cooling technologies are expected to further fuel market growth. However, economic fluctuations, supply chain disruptions, and geopolitical uncertainties present potential risks to the market’s stability. Despite these challenges, the long-term outlook remains positive, with significant opportunities for growth and innovation in the split-type air conditioner market. The market is likely to witness increasing demand for high-efficiency, inverter-based systems driven by the need for energy savings and environmental sustainability.

The global window air conditioner market is anticipated to be worth US$ 35.49 billion in 2024, expanding at a CAGR of 5.7% between 2024 and 2034. The market is expected to develop even more and be valued at US$ 61.79 billion, offering industry participants a sizable window of opportunity for expansion. Because of growing urbanization, technological improvements, and demand for home cooling solutions, the global window air conditioner market is expanding steadily in the forthcoming decade.

Attributes	Details
Window Air Conditioner Market Value for 2024	US$ 35.49 billion
Window Air Conditioner Market Value for 2034	US$ 61.79 billion
Window Air Conditioner Market Forecast CAGR for 2024 to 2034	5.7%

Historical Performance and Future Growth of the Window Air Conditioner Market

Attributes	Details
Window Air Conditioner Market Historical CAGR for 2019 to 2023	4.3%

Category-wise Insights

Attributes	Details
Top Application	Commercial
Market share in 2024	40.5%

Attributes	Details
Top Sales Channel	Direct Sales
Market share in 2024	38.9%

Country-wise Insights

Countries	CAGR from 2024 to 2034
United States	3.1%
United Kingdom	2.1%
China	9.7%
Japan	7.4%
India	10.5%

The window air conditioner market, while facing competition from more efficient and aesthetically pleasing alternatives like split and ductless systems, continues to hold a significant share, particularly in certain regions and demographic segments. Driven by factors such as affordability, ease of installation, and suitability for smaller spaces or supplementary cooling needs, the market exhibits steady, if not explosive, growth. The period from 2019-2024 showed a moderate Compound Annual Growth Rate (CAGR) – let's conservatively estimate this at 3% for the sake of example – indicating a gradual increase in market size. Key players like Hitachi, Carrier, LG, and Midea compete intensely, leveraging brand recognition and technological advancements to capture market share. Trends indicate a shift towards energy-efficient models with improved cooling capabilities and smart features, although the adoption rate may be slower than in other air conditioning segments. Constraints include the increasing popularity of alternative cooling solutions, fluctuating raw material prices affecting manufacturing costs, and concerns about energy consumption and environmental impact. However, targeted marketing efforts focusing on affordability and ease of use, coupled with advancements in energy efficiency, can further fuel market growth. Looking ahead to 2033, the projected CAGR for the window AC market likely remains moderate, reflecting the competitive landscape. Let’s assume a slightly higher CAGR of 4% from 2025 to 2033, accounting for potential technological upgrades and increasing demand in developing economies. This assumes a constant market size in 2025 of $5 billion (a reasonable estimate given the presence of major players and a significant market share). Segmentation is crucial, with variations in demand based on factors such as cooling capacity (BTU rating), energy efficiency standards, and smart features. Regional variations are also expected, with developing countries potentially exhibiting stronger growth due to increasing disposable income and urbanization. Sustained growth will depend on addressing consumer concerns regarding environmental impact and balancing affordability with advanced technological features.

According to Cognitive Market Research, the global packaged air conditioner market size will be USD 1125.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 337.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 258.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 56.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 22.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The single-split category is the fastest growing segment of the packaged air conditioner industry

Market Dynamics of Packaged Air Conditioner Market

Key Drivers for Packaged Air Conditioner Market

Increasing Consciousness of Interior Quality of Air to Boost Market Growth

The packaged air conditioner market has experienced growth because of the increased knowledge of the environment and the nutritional advantages of keeping an attractive interior atmosphere. In order to ensure a better atmosphere for both their clients and workers, businesses in the health services, lodging establishments, and retail industries are spending more and more on-air conditioning systems. The need for intelligent packaged air conditioners, which come with cutting-edge capabilities, including robotics, efficiency evaluation, and autonomous operation, is fueled by the development of intelligent structures and residences. All of these elements support the demand for packaged air conditioners strong expansion. For instance, Daikin Industries, Prominent HVAC&R (heating, ventilation, air conditioning, and refrigeration) producer Company has carried out the first-ever "Daikin Global Air Research." In order to examine the variations and similarities between cities, this poll mainly focuses on how individuals in 12 different towns across the world view and utilize air conditioners in their daily activities.

Greater Emphasis on Sustainable Construction Programs to Drive Market Growth

The packaged air conditioner market has witnessed steady growth due to the growing need for environmentally friendly air conditioning units as a result of increased energy prices and stricter government laws meant to cut greenhouse gases. Energy-effective packaged air conditioners are becoming more and more popular among households and companies as a way to cut costs and lessen their effect on the ecosystem from energy consumption. The development industry's explosive expansion, especially in developing nations, is an additional significant source of market expansion. The need for effective and portable conditioning solutions, like packaged air conditioners, is growing as a result of the development and construction of more homes and businesses.

Restraint Factor for the Packaged Air Conditioner Market

High Charges & Upfront Expenses, will Limit Market Growth

The substantial upfront costs involved in installing packaged air conditioning devices are one of the main obstacles. Considering that these systems provide prospective energy savings, startup companies, and households may be put off by the initial outlay, especially in places where prices are tight. Further deterring some prospective customers from choosing these systems is the potentially expensive nature of upkeep and maintenance. Globally, governments are enacting more stringent laws to curtail the usage of coolants and minimize energy usage, compelling businesses to allocate resources toward the creation of environmentally sustainable and harmonious systems. This raises the cost of manufacturing and could lead to increasing end-user expenses.

Impact of Covid-19 on the Packaged Air Conditioner Market

The COVID-19 pandemic has had a significant effect on the packaged air conditioner industry in regard to...

UAE Air Conditioners Market was valued at USD 1.26 Billion in 2024 and is expected to reach USD 1.81 Billion by 2030 with a CAGR of 6.3% during the forecast period.

Pages	83
Market Size	2023: USD 1.26 Billion
Forecast Market Size	2029: USD 1.81 Billion
CAGR	2024-2029: 6.3%
Fastest Growing Segment	VRF
Largest Market	Dubai
Key Players	1 Daikin Middle East and Africa FZE 2 United Electronics Co. L.L.C. 3 Super General Company LLC 4 Samsung Gulf Electronics Co. Ltd. 5 SKM Air Conditioning LLC 6 LG Electronics Gulf FZE 7 United Technical Services (Carrier) 8 Gree Electric Appliances, Inc 9 Hisense Middle East FZE 10 Fujitsu General (Middle East) FZE