Global HVAC market is expected to reach USD198.10 billion by 2026, growing at a CAGR of 4.40% during the forecast period. https://bit.ly/3l6ohUK

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2016 – 2026
GLOBAL HVAC MARKET
FORECAST & OPPORTUNITIES

2. 2
Scope of Report
Product of Interest (POI): HVAC
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
REGION
• Asia-Pacific
• Europe
• North America
• South America
• Middle East &
Africa (MEA)
Heating, ventilation and air conditioning (HVAC) is a technology used to create a comfortable indoor
environment with acceptable indoor air quality and thermal comfort. HVAC is considered to be an important
part of residential buildings, single family homes, hotels, medium and large offices and industrial buildings.
Primary function of HVAC is to provide thermal comfort along with the acceptable indoor air quality and
reasonable maintenance cost.
Market Segmentation TYPE
• Direct Expansion Systems
• Split
• Window
• Ductable Split
• VRF
• Cassette
• Other
• Central Air Conditioning
Systems
• Chillers
• Boilers
• Cooling Towers
• Air Handling Units
• Fan Coil Units
• HVAC Control
System
• Others
END USE
• Residential
• Commercial Real
Estate
• Institutional
• Marine & Offshore
• Oil & Gas
• Power

3. 3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global HVAC Market
4. Global HVAC Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Type (Direct Expansion Systems and Central Air Conditioning Systems)
4.2.1.1.
By Direct Expansion Systems (Split, Window, Ductable Split, VRF, Cassette
and Others)
4.2.1.2.
By Central Air Conditioning Systems (Chillers, Boilers, Cooling Towers, Air
Handling Units, Fan Coil Units, HVAC Control System and Others)
4.2.2.
By End Use (Residential, Commercial Real Estate, Institutional, Power, Oil & Gas, Marine
& Offshore)
4.2.3. By Region
4.2.4. By Company
4.3. Market Map (Region, Type)
5. Asia-Pacific HVAC Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type
5.2.1.1. Direct Expansion Systems, By Product Type
5.2.1.2. Central Air Conditioning Systems, By Product Type
5.2.2. By End Use
5.2.3. By Country

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Table of Contents
S. No. Contents Page No.
5.2.3.1. China HVAC Market Outlook
5.2.3.1.1. Market Size & Forecast
5.2.3.1.1.1. By Value & Volume
5.2.3.1.2. Market Share & Forecast
5.2.3.1.2.1. By Type
5.2.3.1.2.1.1.
Direct Expansion Systems,
By Product Type
5.2.3.1.2.1.2.
Central Air Conditioning
Systems, By Product Type
5.2.3.2. Japan HVAC Market Outlook
5.2.3.2.1. Market Size & Forecast
5.2.3.2.1.1. By Value & Volume
5.2.3.2.2. Market Share & Forecast
5.2.3.2.2.1. By Type
5.2.3.2.2.1.1.
Direct Expansion Systems,
By Product Type
5.2.3.2.2.1.2.
Central Air Conditioning
Systems, By Product Type
5.2.3.3. India HVAC Market Outlook
5.2.3.3.1. Market Size & Forecast
5.2.3.3.1.1. By Value & Volume
5.2.3.3.2. Market Share & Forecast
5.2.3.3.2.1. By Type
5.2.3.3.2.1.1.
Direct Expansion Systems,
By Product Type
5.2.3.3.2.1.2.
Central Air Conditioning
Systems, By Product Type

5. 5
Table of Contents
S. No. Contents Page No.
5.2.3.4. Indonesia HVAC Market Outlook
5.2.3.4.1. Market Size & Forecast
5.2.3.4.1.1. By Value & Volume
5.2.3.4.2. Market Share & Forecast
5.2.3.4.2.1. By Type
5.2.3.4.2.1.1.
Direct Expansion Systems,
By Product Type
5.2.3.4.2.1.2.
Central Air Conditioning
Systems, By Product Type
5.2.3.5. Vietnam HVAC Market Outlook
5.2.3.5.1. Market Size & Forecast
5.2.3.5.1.1. By Value & Volume
5.2.3.5.2. Market Share & Forecast
5.2.3.5.2.1. By Type
5.2.3.5.2.1.1.
Direct Expansion Systems,
By Product Type
5.2.3.5.2.1.2.
Central Air Conditioning
Systems, By Product Type
6. North America HVAC Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast

6. 6
Table of Contents
S. No. Contents Page No.
6.2.1. By Type
6.2.1.1. Direct Expansion Systems, By Product Type
6.2.1.2. Central Air Conditioning Systems, By Product Type
6.2.2. By End Use
6.2.3. By Country
6.2.3.1. United States HVAC Market Outlook
6.2.3.1.1. Market Size & Forecast
6.2.3.1.1.1. By Value & Volume
6.2.3.1.2. Market Share & Forecast
6.2.3.1.2.1. By Type
6.2.3.1.2.1.1.
Direct Expansion
Systems, By Product
Type
6.2.3.1.2.1.2.
Central Air
Conditioning Systems,
By Product Type
6.2.3.2. Mexico HVAC Market Outlook
6.2.3.2.1. Market Size & Forecast
6.2.3.2.1.1. By Value & Volume
6.2.3.2.2. Market Share & Forecast
6.2.3.2.2.1. By Type
6.2.3.2.2.1.1.
Direct Expansion
Systems, By Product
Type
6.2.3.2.2.1.2.
Central Air
Conditioning Systems,
By Product Type

7. 7
Table of Contents
S. No. Contents Page No.
6.2.3.3. Canada HVAC Market Outlook
6.2.3.3.1. Market Size & Forecast
6.2.3.3.1.1. By Value & Volume
6.2.3.3.2. Market Share & Forecast
6.2.3.3.2.1. By Type
6.2.3.3.2.1.1.
Direct Expansion
Systems, By Product
Type
6.2.3.3.2.1.2.
Central Air
Conditioning
Systems, By Product
Type
7. Europe HVAC Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.1.1. Direct Expansion Systems, By Product Type
7.2.1.2. Central Air Conditioning Systems, By Product Type
7.2.2. By End Use
7.2.3. By Country
7.2.3.1. Russia HVAC Market Outlook
7.2.3.1.1. Market Size & Forecast
7.2.3.1.1.1. By Value & Volume
7.2.3.1.2. Market Share & Forecast

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Table of Contents
S. No. Contents Page No.
7.2.3.1.2.1. By Type
7.2.3.1.2.1.1.
Direct Expansion
Systems, By Product
Type
7.2.3.1.2.1.2.
Central Air Conditioning
Systems, By Product
Type
7.2.3.2. Italy HVAC Market Outlook
7.2.3.2.1. Market Size & Forecast
7.2.3.2.1.1. By Value & Volume
7.2.3.2.2. Market Share & Forecast
7.2.3.2.2.1. By Type
7.2.3.2.2.1.1.
Direct Expansion
Systems, By Product
Type
7.2.3.2.2.1.2.
Central Air Conditioning
Systems, By Product
Type
7.2.3.3. Spain HVAC Market Outlook
7.2.3.3.1. Market Size & Forecast
7.2.3.3.1.1. By Value & Volume
7.2.3.3.2. Market Share & Forecast
7.2.3.3.2.1. By Type
7.2.3.3.2.1.1.
Direct Expansion
Systems, By Product
Type
7.2.3.3.2.1.2.
Central Air Conditioning
Systems, By Product
Type

9. 9
Table of Contents
S. No. Contents Page No.
7.2.3.4. United Kingdom HVAC Market Outlook
7.2.3.4.1. Market Size & Forecast
7.2.3.4.1.1. By Value & Volume
7.2.3.4.2. Market Share & Forecast
7.2.3.4.2.1. By Type
7.2.3.4.2.1.1.
Direct Expansion
Systems, By Product
Type
7.2.3.4.2.1.2.
Central Air
Conditioning
Systems, By Product
Type
7.2.3.5. France HVAC Market Outlook
7.2.3.5.1. Market Size & Forecast
7.2.3.5.1.1. By Value & Volume
7.2.3.5.2. Market Share & Forecast
7.2.3.5.2.1. By Type
7.2.3.5.2.1.1.
Direct Expansion
Systems, By Product
Type
7.2.3.5.2.1.2.
Central Air
Conditioning
Systems, By Product
Type

10. 10
Table of Contents
S. No. Contents Page No.
8. South America HVAC Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.1.1. Direct Expansion Systems, By Product Type
8.2.1.2. Central Air Conditioning Systems, By Product Type
8.2.2. By End Use
8.2.3. By Country
8.2.3.1. Brazil HVAC Market Outlook
8.2.3.1.1. Market Size & Forecast
8.2.3.1.1.1. By Value & Volume
8.2.3.1.2. Market Share & Forecast
8.2.3.1.2.1. By Type
8.2.3.1.2.1.1. Direct Expansion Systems,
By Product Type
8.2.3.1.2.1.2. Central Air Conditioning
Systems, By Product Type
8.2.3.2. Argentina HVAC Market Outlook
8.2.3.2.1. Market Size & Forecast
8.2.3.2.1.1. By Value & Volume
8.2.3.2.2. Market Share & Forecast
8.2.3.2.2.1. By Type
8.2.3.2.2.1.1. Direct Expansion Systems,
By Product Type
8.2.3.2.2.1.2. Central Air Conditioning
Systems, By Product Type

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Table of Contents
S. No. Contents Page No.
8.2.3.3. Colombia HVAC Market Outlook
8.2.3.3.1. Market Size & Forecast
8.2.3.3.1.1. By Value & Volume
8.2.3.3.2. Market Share & Forecast
8.2.3.3.2.1. By Type
8.2.3.3.2.1.1.
Direct Expansion
Systems, By Product
Type
8.2.3.3.2.1.2.
Central Air
Conditioning
Systems, By Product
Type
9. MEA HVAC Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.1.1. Direct Expansion Systems, By Product Type
9.2.1.2. Central Air Conditioning Systems, By Product Type
9.2.2. By End Use
9.2.3. By Country
9.2.3.1. Saudi Arabia HVAC Market Outlook
9.2.3.1.1. Market Size & Forecast
9.2.3.1.1.1. By Value & Volume
9.2.3.1.2. Market Share & Forecast

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Table of Contents
S. No. Contents Page No.
9.2.3.1.2.1. By Type
9.2.3.1.2.1.1.
Direct Expansion
Systems, By Product
Type
9.2.3.1.2.1.2.
Central Air Conditioning
Systems, By Product
Type
9.2.3.2. Egypt HVAC Market Outlook
9.2.3.2.1. Market Size & Forecast
9.2.3.2.1.1. By Value & Volume
9.2.3.2.2. Market Share & Forecast
9.2.3.2.2.1. By Type
9.2.3.2.2.1.1.
Direct Expansion
Systems, By Product
Type
9.2.3.2.2.1.2.
Central Air Conditioning
Systems, By Product
Type
9.2.3.3. Turkey HVAC Market Outlook
9.2.3.3.1. Market Size & Forecast
9.2.3.3.1.1. By Value & Volume
9.2.3.3.2. Market Share & Forecast
9.2.3.3.2.1. By Type
9.2.3.3.2.1.1.
Direct Expansion
Systems, By Product
Type
9.2.3.3.2.1.2.
Central Air Conditioning
Systems, By Product
Type

13. 13
Table of Contents
S. No. Contents Page No.
9.2.3.4. UAE HVAC Market Outlook
9.2.3.4.1. Market Size & Forecast
9.2.3.4.1.1. By Value & Volume
9.2.3.4.2. Market Share & Forecast
9.2.3.4.1.2. By Type
9.2.3.4.2.1.1.
Direct Expansion
Systems, By Product
Type
9.2.3.4.2.1.2.
Central Air
Conditioning
Systems, By Product
Type
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Porter’s Five Forces Analysis
13. Competition Benchmarking
14. Competitive Landscape
14.1. Company Profiles
14.1.1. Company Details
14.1.2. Products & Services
14.1.3. Financials (As Reported)
14.1.4. Key Market Focus & Geographical Presence
14.1.5. Recent Developments
14.1.6. Key Management Personnel

14. 14
Table of Contents
S. No. Contents Page No.
15. Strategic Recommendations
16. About Us & Disclaimer

15. RESEARCHMETHODOLOGY

16. 16
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global HVAC market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global HVAC market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

17. 17
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global HVAC market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as increase in construction and infrastructure
development activities. The study includes market forecasting, which would enable our clients to take better decisions while planning their
strategy to achieve sustainability in the global HVAC market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as HVAC manufacturers, channel partners,
market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 HVAC manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other value chain
stakeholders in the global HVAC market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique.
Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.

18. 18
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by type, by end use, by region and by company.
Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various
segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by type, by end use, by region and by company were calculated based on the responses received through primary surveys
with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of HVAC
markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after
eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global HVAC
market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

19. 19
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the
United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ Daikin Industries, Ltd.
▪ Gree Electric Appliances Inc.
▪ Midea Group Co., Ltd.
▪ Carrier Global Corporation
▪ Samsung Electronics Co. Ltd.
▪ Panasonic Corporation
▪ Mitsubishi Electric Corporation
▪ Toshiba Corporation
▪ Ingersoll Rand Public Limited Company
▪ Johnson Controls-Hitachi Air Conditioning Limited
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases

20. 20
Industry Brief
According to TechSci Research report, “Global HVAC Market By Type (Direct Expansion Systems and Central Air Conditioning Systems), By Direct Expansion Systems Product Type (Split, VRF,
Ductable Split, Window, Cassette and Others), By Central Air Conditioning Systems Product Type (Chillers, Air Handling Units, HVAC Control Systems, Fan Coil Units, Boilers, Cooling Towers,
Others), By End User (Residential, Commercial Real Estate, Institutional, Power, Oil & Gas, Marine & Offshore and Others), By Region, Competition, Forecast & Opportunities, 2026”, Global HVAC
market is expected to reach USD198.10 billion by 2026, growing at a CAGR of 4.40% during the forecast period. The growth in the global HVAC market can be attributed to the rising need for energy
efficient HVAC systems, increasing construction activities, developing infrastructure in emerging countries and growing replacement demand for HVAC systems in developed countries. Direct
expansion systems dominated the global HVAC market in 2020 and are forecast to garner a revenue share of over 74% by 2026. This is primarily due to various advantages associated with them
such as energy efficiency, lower running cost, easy availability and integration of latest technologies along with rising urban population and increasing construction activities. The rapid urbanization in
developing countries has resulted in a significant increase in the demand for HVAC equipment. The rise in disposable income has led to change in the lifestyle of consumers as the preferences of
people are inclining more towards the smart connected equipment.
HVAC equipment is being transformed by technologies such as automated control systems, and remote-control access. The automated control system monitors the outside atmosphere and adjusts
the temperature and fan speed to provide the best possible comfort. Remote control access permits users to control associated frameworks distantly using mobile applications and the internet. In
September 2020, Johnson Controls launched OpenBlue technology, which integrates touchless technology, advanced ventilation, and sanitization systems, as well as a flexible infrastructure into
digital offerings.
The global HVAC market is segmented into by type, by direct expansions systems, by central air conditioning, by end user, by region and by company. In terms of type, the global HVAC market can
be segregated into direct expansions systems and central air conditioning systems. Among which direct expansions have accounted majority of market share of more than 74% in 2020 followed by
central air conditioning systems.
In terms of direct expansion systems, the market is segregated into Split, VRF, Ductable Split, Window, Cassette and Others (Portable, Cube, Floor Standing, etc.). Among which, split air
conditioners market has accounted for the majority of market share in the global HVAC market owing to their various advantages such as energy efficiency, lower running cost, easy availability, and
integration of latest technologies.
In terms of global central air conditioning systems, the market is segregated into Chillers, Air handling units, HVAC control systems, fan coil units, boilers, cooling towers and others. Among which,
the chillers segment type has accounted for the majority of market share in global HVAC market on account of factors such as infrastructure growth, rising thermal plant establishments, growing
IT/ITeS sector, increasing number of data centers, increasing construction of high-rise buildings, etc., are the key end use sectors driving demand for chillers across the globe.
In terms of End User, the global HVAC market is segmented into residential, commercial real estate, institutional, power, oil & gas, marine & offshore, and others. Among which, the residential sector
has accounted for the majority of market share in 2020 due to robust growth in residential space, growing population and increasing urbanization. Moreover, growing awareness about latest air
conditioner technologies coupled with increasing purchasing power of consumers across the globe is boosting the demand for air conditioners from the residential sector across the globe.
In terms of regional analysis, the global HVAC market is segmented into Asia-Pacific, Europe, North America, South America and Middle East & Africa. Among these, the Asia-Pacific region is
dominating the global HVAC market followed by North America in 2020 on account of growing middle class population base, rising temperatures due to climate change, growing commercial sector
and increasing purchasing power of consumers.
Major players operating in the global HVAC market include Daikin Industries, Ltd., Carrier Global Corporation, Gree Electric Appliances Inc., Panasonic Corporation, Midea Group Co., Ltd., and
others. Among which Daikin Industries, Ltd., has accounted for the majority of market share in 2020 in the global HVAC market. Leading players are focusing on expanding their product portfolios to
maintain sustainable growth in the market. The companies are also expanding their distribution reach across various countries and surge in the distribution of HVAC in the market.
“One of the most popular trends in the global HVAC market is the growing demand for HVAC Sensor Based System. Smart HVAC technology decreases the workload of facility workers, lowers
energy costs, and increases employee comfort. Smart HVAC, like other forms of smart building technology, relies on sensors that are connected to the building automation system. These sensors
gather information about the building's conditions. Other advanced HVAC equipment allows the facility to fine-tune temperature, humidity, and air flow in different zones to maximize comfort while
lowering the energy use.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

21. 21
Sample Data - Snapshot
Global HVAC Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
2016 2020 2021E 2026F
By Value (USD Million)
By Volume (Million Units)
CAGR By Value & Volume
XX%
CAGR By Value & Volume
YY%
North America HVAC Market Share, By Type, By Value, 2016–2026F
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2016
2018
2020
2022F
2024F
2026F
Direct Expansion Systems Central Air Conditioning Systems
United States HVAC Market Share, Direct Expansion Systems, By Product Type, By Value, 2016–2026F
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Split Window Ductable Split VRF Cassette Others

22. 22
Report Ordering
Report Name: GLOBAL HVAC MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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23. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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• Global Air Conditioners Market By Product Type (Light Commercial Air Conditioner, Ductable Splits, VRF, Chiller and Others), By Region (Asia-
Pacific, North America, Europe, South America and MEA), Competition Forecast & Opportunities, 2026
The contents of this report are based on inPriceation generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any inPriceation and it is not responsible for any errors or
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report. The inPriceation herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
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