Air-Conditioning Equipment Market Revenue Trends and Growth Forecast 2024-2033

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Air-Conditioning Equipment Global Market Report
2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Air-Conditioning Equipment Market Segments
The Business Research Company segments the
air-conditioning equipment market report as
By Product Type
Unitary Air Conditioners, Room Air Conditioners,
Packaged Terminal Air Conditioners, Other Product
Types
Refrigerant, Compressor, Condenser Coil,
Expansion Valve, Evaporator Coil
By Components
Residential, Commercial, Industrial
By Application
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Market Statistics
The global Air-Conditioning Equipment market size
grew from 209.74 billion in 2023 to 220.94
billion in 2024 at a compound annual growth rate
(CAGR) of 5.3. The Air-Conditioning Equipment
market size is expected to grow to 275.47
billion in 2028 at a compound annual growth rate
(CAGR) of 5.7.
275.47 B
220.94 B
209.74 B
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Key Market Drivers And Trends
Drivers
Increasing urbanization and industrialization are
projected to boost the demand for
air-conditioning equipment during the forecast
period.
Trends
The development of sustainable systems is a key
trend in the air-conditioning equipment market.
Region
Asia-Pacific was the largest region in the
Air-Conditioning Equipment market in 2023. The
regions covered in the Air-Conditioning Equipment
market analysis report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Daikin Industries Ltd.
• Midea Group Co. Ltd.
• Haier Group
• Carrier Global Corporation
• Hitachi Ltd.
• Samsung Electronics

• Mitsubishi Electric Corporation
• LG Electronics
• Fujitsu General Ltd.
• Electrolux AB
• LEEL Electricals Ltd (Lloyd)

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