The Business Research Company’s Air Conditioning Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Air Conditioning Equipment Global Market Report 2023 evaluates air conditioning equipment market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global air-conditioning equipment market is expected to grow to $278,135.51 million in 2027 at a rate of 4.7%. The market is then expected to grow at a CAGR of 5.7% from 2027 and reach $366,849.98 million in 2032.
Rising global temperatures are expected to be a key driver of the growth of the air-conditioning equipment market in the forecast period. Escalating global temperatures are driving an increasing need for cooling solutions to establish optimal indoor comfort. This demand surge is projected to propel the adoption of air conditioning systems across residential, commercial and industrial sectors. For instance, in June 2023, according to a report published by the NOAA (National Oceanic and Atmospheric Administration) National Centers for Environmental Information, a US-based organization that provides authoritative climate, weather and environmental data, global surface temperatures recorded by NOAA reached 1.00 °C (1.80 °F) above the average temperature, making it the fourth-warmest April in their 174-year record. This represents a significant increase compared to the temperature of 0.85 °C (1.53 °F) observed in April 2022. Therefore, rising global temperatures will drive demand for air-conditioning equipment going forward.
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The air conditioning equipment market segments in the report are:
1) By Product Type: Unitary Air Conditioners; Room Air Conditioners; Packaged Terminal Air Conditioners; Other Product Types
2) By Components: Refrigerant; Compressor; Condenser Coil; Expansion Valve; Evaporator Coil
3) By Application: Residential; Commercial; Industrial”
The table of contents in TBRC’s air conditioning equipment market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Air-Conditioning Equipment Market, Conclusions And Recommendations
22. Appendix
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