Latest News- Air Conditioning (AC) Market: Split is expected to lead the Product segment during 2025-2029

The Air Conditioning (AC) Market is being driven by Rise in residential construction activity

The Air Conditioning (AC) Market is expected to grow at a CAGR of 2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14.12 billion. In the Air Conditioning (AC) market, refrigerants play a crucial role in providing cooling and refrigeration by absorbing heat from the environment. Manufacturers employ various refrigerant types, with R-410A being widely used due to its zero-ozone depletion potential (ODP) and low global warming potential (GWP). However, R-410A's energy consumption is a concern, leading companies to explore alternatives like R32 refrigerant. R32 refrigerant offers advantages such as up to 10% less electricity consumption, three times lower GWP, and reduced CO2 emissions compared to R-410A and R-22. This shift towards more energy-efficient and environmentally-friendly refrigerants is a significant trend in the AC market. 

Get more information on Air Conditioning (AC) Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Split
  • Chillers
  • Airside
  • Others
• Distribution Channel
  • Offline
  • Online
• End-user
  • Residential
  • Commercial
  • Industrial
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in residential construction activity
• Product innovation leading to portfolio extension and product premiumization
• Increasing demand for inverter air conditioners

However, the market also witnesses some limitations, which are as follows:

• Volatility in operating costs and raw material prices
• Rising energy consumption
• Stringent regulations associated with air conditioning products

Benefits of Buying Global Air Conditioning (AC) Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Air Conditioning (AC) Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Air Conditioning (AC) market encompasses advanced technologies such as R410A refrigerant, scroll compressors, microchannel evaporators, plate fin condensers, fan speed control, heat pump technology, and high coefficients of performance. BTU rating, thermostat calibration, dehumidification level, air filter efficiency, and duct leakage testing ensure optimal performance. Motor efficiency, remote access control, DC inverter technology, absorption chillers, variable refrigerant flow, building management systems, IoT integration, leak detection sensors, predictive maintenance, energy performance index, fault diagnosis, data analytics dashboard, carbon footprint reduction, refrigerant reclamation, low GWP refrigerants, and energy star rating are key features promoting energy savings and sustainability.

Market Research Overview

The Air Conditioning (AC) market is a significant segment within the broader context of the global industrial and commercial refrigeration industry. Key factors driving market growth include advancements in refrigerant efficiency, compressor technology, evaporator design, and condenser performance. Refrigerant efficiency refers to the ability of an AC system to minimize the amount of refrigerant used while maintaining optimal cooling capacity. Compressor technology, such as variable frequency drive (VFD) and scroll compressors, enhances energy efficiency and system reliability. Evaporator design innovations, like microchannel coils and hydrophilic fin materials, improve heat transfer and reduce moisture accumulation. Enhanced condenser performance through fan technology and fin design optimizes heat dissipation, thereby increasing system efficiency. These technological advancements contribute to the overall growth and competitiveness of the Air Conditioning market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/