Global air conditioning market to grow at a CAGR of around 8% during the forecast period. This market research report provides a comprehensive segmentation of the global air conditioning market by product type (air side systems, chillers, portables, single packaged, splits, and window units). It outlines the market shares for key regions such as the Americas, APAC, Europe, and MEA. The key vendors analyzed in this report are Daikin, Gree Electric Appliances, Midea, Mitsubishi Electric, Panasonic, and Toshiba Carrier.

1. Global Air Conditioning Market 2016-2020
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2. Global Air Conditioning Market 2016-2020
Global air conditioning market to grow at a CAGR of around 8% during the forecast period. This market research
report provides a comprehensive segmentation of the global air conditioning market by product type (air side
systems, chillers, portables, single packaged, splits, and window units). It outlines the market shares for key regions
such as the Americas, APAC, Europe, and MEA. The key vendors analyzed in this report are Daikin, Gree Electric
Appliances, Midea, Mitsubishi Electric, Panasonic, and Toshiba Carrier.
The intensifying urban heat island (UHI) effect is the primary driver for the growth of this market. The UHI effect is
a major cause of rising temperatures worldwide, with the lack of greenery; widespread, dark roofs; and paved
surfaces in cities adding to the increased absorption of solar radiation. For instance, according to the US
Environmental Protection Agency, the annual mean air temperature of urban heat islands with a population of
around 1 million is expected to be nearly five degrees Fahrenheit warmer in comparison to other areas.
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3. Global Air Conditioning Market 2016-2020
The rising awareness about energy efficiency is also expected to boost market growth during the forecast period.
Energy efficiency is of vital importance for both consumers and governments as unrestricted use of energy has
put a high pressure on energy supply and also increased its cost. Vendors are developing green and efficient
technologies and are redesigning their product offerings to reduce running costs, with a focus on sustainability.
This is predicted to drive the replacement of existing low energy-efficient air conditioning equipment during the
forecast period.
Product segmentation and analysis of the global air conditioning market :Airside systems, Chillers, Portables,
Single packaged, Splits, Window units
The splits segment dominated the market during 2015, with a market share of around 77%. The replacement of
window units by split air conditioners, which are comparatively more energy-efficient and sleek, is fueling the
demand for this segment. This research report anticipates this segment to retain its market leadership until the
end of 2020.
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4. Global Air Conditioning Market 2016-2020
Geographical segmentation and analysis of the air conditioning market : Americas, APAC, Europe, MEA
APAC accounted for around 62% of the market share during 2015 and is expected to retain its market leadership
until the end of the forecast period. The growing urbanization and rising levels of income in countries such as
India, China, and Vietnam are driving the market growth in this region. China and Japan are the market leaders in
APAC accounting for a combined market share of around 80%.
The global air conditioning market is highly fragmented due to the presence of numerous small and large vendors.
The vendors in the market compete on the basis of services, availability, price, technology, and quality. High
vendor competition has led to an increased number of M&A, wherein smaller entities are being acquired by or
are merging with major players.
The leading vendors in the market are – Daikin, Gree Electric Appliances, Midea, Mitsubishi Electric, Panasonic,
Toshiba Carrier, The other prominent vendors in the market include Blue Star, Electrolux, Haier, Hitachi, Ingersoll-
Rand, Johnson Controls, LG, and Samsung.
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5. Global Air Conditioning Market 2016-2020
Key questions answered in the report include
What will the market size and the growth rate be in 2020
What are the key factors driving the global air conditioning market
What are the key market trends impacting the growth of the air conditioning market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the global air conditioning market
What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA
What are the key outcomes of the five forces analysis of the air conditioning market
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