Global Air Conditioner Market: Size, Trends and Forecasts (2016-2020)

May 2016

Scope of the ReportThe report titled “Global Air Conditioner Market: Size, Trends and Forecasts (2016-2020)” delivers a detailed analysis of global air conditioner market. The report provides a detailed analysis of significant trends and potential opportunities available in the market. The report provides an in depth study of market overview, market sizing both in terms of value & volume, key players of the market and regional breakdown of global market. The report also highlights on the available opportunities for the market and major dynamics that will be responsible for the growth of the market. The market size and forecast in terms of US$ for global air conditioner market and has been provided for the period 2016 to 2020, considering 2014 as the base year. Estimated values of the market for the fiscal year 2015 have also been provided in report. The report also provides the compound annual growth rate (%CAGR) for the forecasted period 2016 to 2020. In the forecasted period, market is expected to grow at a rapid pace on account of increasing disposable income, increasing global warming and growing hospitality & tourism sector.

The report provides an analysis of the global market in terms of both value and volume. It provides detailed description of revenue, demand in the market for both residential as well as commercial air conditioners, market share breakdown by the country, top players of the market and product segmentation. The report provides detailed information regarding the emergent trends of the market, major growth drivers and challenges that will encounter the market in coming years.

Global air conditioner market is expected to face challenges in the coming years which will hamper the growth of the market. Some of the major challenges faces by market are soaring electricity prices, high power consumption, stringent regulations imposed by government for sustainable development and uncertain weather conditions etc.  Apart from challenges, report focuses on recent developments /emerging trends that will help the market to grow in the forecasted period. Recent developments in air conditioner market are technological advancements in existing product portfolio and innovation of new products, increasing popularity of smart thermostats, rapid adoption of inverter air conditioners and introduction of air purifying technology. Inverter air conditioner is one of the latest developments in the air conditioner market that will upsurge the market in the forecasted period. Inverter-type air conditioners reduce energy consumption by about 30 percent and are not as expensive to install compared to central air conditioning units. They utilize a variable speed compressor that switches off upon attaining the desired temperature and switches on when the temperature changes.

Global Air Conditioner Market

The report also provides detailed regional country analysis covering China, Japan, Asia (excluding China and Japan), North America and Europe. Asia is the largest market for air conditioners. It has the largest share in the overall global demand of air conditioners for the last five years. North America is another major market for air conditioners in terms of demand. In the forecasted period also, Asia has the potential to be the largest market for air conditioners in terms of global demand.

A brief description of competitive landscape is also provided in the report. Daikin is the leader of global air conditioner market. Air conditioner market is highly fragmented crowded with several quality brands vying for attention. The players in the market compete on the basis of services, availability, price, technology and quality.

Furthermore, the report also profiles key market players such as Daikin Industries Ltd., Hitachi Ltd., Bluestar Limited and Mitsubishi Electric Corporation on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

Global Air Conditioner Market

Company Coverage

Daikin Industries Ltd.Hitachi Ltd.Bluestar LimitedMitsubishi Electric Corporation

Country Coverage

ChinaJapanAsia (Excluding China & Japan)North AmericaEurope

Global Air Conditioner Market

Executive Summary

Increasing living standard of population globally give rise to lead comfortable and luxurious life. So the demand of goods and services that give comfortable life are on rise. Among these goods and services, air conditioners are also becoming one of the necessary household items in middle class income group as well. Previously air conditioners are considered as luxurious good and are affordable only by high income group. But with rising income level of the population, the category of air conditioners changed. From luxurious category, now it comes under the convenience products. Air conditioners are now one of the basic necessities among urban population.

An air conditioner basically controls the temperature and humidity of the air in building. Air-conditioning encompasses heating, cooling, humidity control, ventilation and filtration. Residential and commercial space-cooling demands are increasing at a rapid rate. With the declining prices of air conditioners, demand is increasing at a double digit growth. Major market players are involved in research and development of energy-efficient as well as affordable air conditioners. The competitiveness of the industry has increased with demand, and there are many companies providing air conditioning units and systems. Air conditioners vary considerably in terms of size, shape & design and energy efficiency.

There are two major categories of air conditioners namely residential air conditioners and commercial air conditioners. Residential air conditioners consist of split & mini ACs, window ACs and portable ACs etc. These air conditioners are generally small in size and installed in small places like residential homes or small shops. Commercial air conditioners are bulky in size and most preferably installed in big industries. Commercial air conditioners include VRF, Chillers and VRV etc. These air conditioners are used for cooling of large area spaces such as offices and restaurants etc. Popularity of residential air conditioners has increased dramatically with the advent of central air, a strategy that utilizes the ducting in a home for both heating and cooling.

Air conditioner market has shown rising trends over the past few years. Key factors behind the growth of the market are increasing urban population, intensifying urban heat island, increasing disposable income of population of emerging economies and increasing demand for split AC etc.  Global air conditioner market is growing at a rapid pace on the back of increasing global warming. Other major factors contributed in the growth of the market are increasing per capita income, rising awareness about energy efficiency, rapid growth in emerging countries and a shift to environmental consciousness in developed countries. The intensifying urban heat island (UHI) effect is the primary driver for the growth of the air conditioner market. In the near future it is expected that the global rate of urbanization will increase by 70%, so the negative impacts related to urbanization is an increasing concern capturing the attention of people worldwide.

Global Air Conditioner MarketThe global air conditioner market in 2014 reached US$......billion, with……of healthy growth as compared to 2013. Key reasons behind the growth of the market were rising awareness & increasing trend towards living a comfortable life, increasing per capita income, intensifying urban heat island and rise in commercial and industrial construction activities etc. It was estimated that the revenue of the market has reached to US$.......billion in 2015.

Global Air Conditioner Market by Value; 2012-2015E (US$ Billion)

Global air conditioner market is forecasted to increase to US$.....billion in 2016 to US$...... billion in 2020 from US$......billion in 2015. Growth in the market will be driven by technological advancements, innovation of new products, increasing global warming, growing hospitality and tourism sector and decreasing component prices etc.

Global Air Conditioner Market by Demand; 2010-2015E (Million Units)

2012 2013 2014 2015E

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Global Air Conditioner MarketGlobal Air Conditioner Market by Type; 2015

Global Air Conditioner Market Demand by Region; 2014 (Million Units)

Splits Rooftops Indoor Packaged Chillers Others

China North America

Asia Japan Central and

South America

Europe Middle East

Africa Oceania

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Global Air Conditioner Market

Global Residential Air Conditioner Market by Demand; 2010-2015E (Million Units)

Global Residential Air Conditioner Market Demand by Region; 2014

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North America China Asia Japan Central and South America Middle EastEurope Africa Oceania

Global Air Conditioner Market

Global Commercial Air Conditioner Market by Demand; 2010-2015E (Million Units)

Global Commercial Air Conditioner Market Demand by Region; 2014

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North America China Asia Japan Central and South America Middle EastEurope Africa Oceania

Global Air Conditioner Market Country AnalysisChina Air Conditioner Market by Demand;

2010-2015E (Million Units)

China Commercial Air Conditioner Market by Demand; 2010-2014 (Million Units)

China Residential Air Conditioner Market by Demand; 2010-2014 (Million Units)

2010 2011 2012 2013 2014 2015E

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

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Global Air Conditioner Market Country AnalysisJapan Air Conditioner Market by Demand;

2010-2015E (Million Units)

Japan Commercial Air Conditioner Market by Demand; 2010-2014 (Million Units)

Japan Residential Air Conditioner Market by Demand; 2010-2014 (Million Units)

2010 2011 2012 2013 2014 2015E

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

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Global Air Conditioner Market Country AnalysisAsia Air Conditioner Market by Demand;

2010-2015E (Million Units)

Asia Commercial Air Conditioner Market by Demand; 2010-2014 (Million Units)

Asia Residential Air Conditioner Market by Demand; 2010-2014 (Million Units)

2010 2011 2012 2013 2014 2015E

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

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Global Air Conditioner Market Country AnalysisNorth America Air Conditioner Market by

Demand; 2010-2015E (Million Units)

North America Commercial Air Conditioner Market by Demand; 2010-2014 (Million Units)

North America Residential Air Conditioner Market by Demand; 2010-2014

(Million Units)

2010 2011 2012 2013 2014 2015E

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

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Global Air Conditioner Market Country AnalysisEurope Air Conditioner Market by

Demand; 2010-2015E (Million Units)

Europe Commercial Air Conditioner Market by Demand; 2010-2014 (Million Units)

Europe Residential Air Conditioner Market by Demand; 2010-2014

(Million Units)

2010 2011 2012 2013 2014 2015E

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

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Title: Global Air Conditioner Market: Size, Trends and Forecasts (2016-2020) Published: May 2016Pages: 74Price: US$ 800 (Single-User License) : US$ 1600 (Corporate License)For more info:

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