Air Conditioner Market Analysis & Forecast 2025-2031

Global Air Conditioner Market is expected to reach USD 276000.82 million by 2031 with CAGR of 8.6 % between 2025 and 2031

The Air Conditioner Market is projected to reach USD 276000.82 million by 2030 with CAGR of 8.6 % between 2024 to 2030. An air conditioner (AC) works by collecting hot air from a given space, processing it within itself with the help of a refrigerant and a bunch of coils and then releasing cool air into the same space where the hot air had originally been collected. Air conditioners consist of four major components an evaporator, compressor, condenser and expansion valve.  

There are several factors including how large the area is to be cooled, the total heat generated inside the enclosed area, etc. that help to decide which air conditioner system to use. Window air conditioners, Split air conditioners, Packaged Air Conditioner and Central Air Conditioning Systems are some of the most popular air conditioner systems. Window air conditioner is the most commonly used air conditioner for single rooms. The split air conditioner comprises two parts: the outdoor unit and the indoor unit. Packaged Air Conditioner used to cool more than two rooms or a larger space at your home or office. Central air conditioning is used for cooling big buildings, houses, offices, entire hotels, gyms, movie theatres, factories etc.  

An evaporator is basically a heat exchanger coil that collects heat from inside a room through a refrigerant gas. The compressor is basically a device where compression of the gaseous refrigerant occurs. The condenser receives the vaporized refrigerant from the compressor converts it back to liquid and expels the heat outside. The expansion valve also known as the throttling device, is located between the two sets of coils (the chilled coils of the evaporator and the hot coils of the condenser). It keeps tabs on the amount of refrigerant moving towards the evaporator.  

A direct expansion air conditioning (DX) system uses a refrigerant vapour expansion/compression (RVEC) cycle to cool the supply air to the given space directly. The Multi-connected Units air conditioning systems are used to connect more than one indoor unit to one outdoor. The global market for air conditioning systems comprises Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The global market for air conditioning systems includes Asia Pacific, North America, Latin America, Europe, the Middle East and Africa. Asia Pacific is the largest market for air conditioning systems in the world.  

Air Conditioner Market: Product Type

• Window AC
• Split AC
• Packaged AC
• Central AC
• Others

Air Conditioner Market: End Users/Application Analysis

• Residential
• Commercial

Air Conditioner Market : Competitive Analysis

• Daikin
• Johnson Controls
• Mc Quay International
• Carrier
• Trane
• Dunham Bush
• Hitachi
• Toshiba
• Mitsubishi Electric
• GREE
• Midea
• Haier
• Nanjing TICA

Geographical analysis of Air Conditioner Market:

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Air Conditioner Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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