The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Air Conditioner Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Air Conditioner Industry (2023-2028):
According to the latest report, The Air Conditioner Market is valued at USD 195 Billion in 2022 and is projected to grow at a CAGR of around 5.98% during the forecast period, i.e., 2023-2028. The report demonstrates the prominent factors propelling the exponential growth of the Air Conditioner industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR (2023-2028): 5.98%
What are the major Driver the Air Conditioner industry?
The Expansion of Construction Activities Stems from Increasing Population and Modernization - The market is mainly driven by the upsurge of the construction sector, increasing replacement market, energy efficiency, regulations, and growing technological advancements. In addition, the rising population, increased purchasing power, and global warming encourage its adoption worldwide. Furthermore, customers are enticed to purchase such cooling products and fulfill their requirements with market participants' innovative marketing efforts and the introduction of new technology features such as IoT, smart checking and changing systems, and other automation technology.
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Air Conditioner Market Segmentation
The Air Conditioner Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Window AC
- Split AC
- Floor Standing AC
- Cassette AC
- Packaged AC
- Ducted Split AC
- Centralized AC
- By Technology
- Manual
- Automatic
- By End User
- Residential
- Commercial Buildings
- Retail
- Health Care
- Hospitality
- Government Transportation
- Oil Gas
- Others
- By Sales Channel
- Direct Sales
- Online
- Authorized Distributors
- By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
As per the regional aspect, the Air Conditioner Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/air-conditioner-market.html
Top Companies in the Air Conditioner Market
Alfa Laval, Bluestar, Carrier, Daikin Industries, Electrolux, Gree, Haier Group, Hitachi, LG Electronics, Mitsubishi Electric, Panasonic, Samsung, Trane Technologies, Voltas, Whirlpool
Air Conditioner Industry Recent Development:
In January 2022, at the AHR Expo, which took place in Las Vegas, LG Electronics USA presented its brand-new and extensive 2022 line-up of HVAC solutions for residential, light commercial, and commercial applications.
On January 6, 2021, Samsung introduced large-capacity Variable Refrigerant Flow (VRF) air conditioning systems in India. These systems can be installed in luxury apartments, villas, bungalows, houses, and commercial and retail establishments in as little as 0.5 square meters.
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Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.
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