Global Air Conditioner Market Industry Growth, Size, Share, Competition, Scope, Latest Trends and Challenges, to 2023-2028

Global Air Conditioner Market Insights:

According to MarkNtel Advisors, the Global Air Conditioner Market is valued at USD 195 Billion in 2022 and is projected to grow at a CAGR of around 5.98% during the forecast period, i.e., 2023-2028. Globally, particularly in metropolitan areas, rising levels of air pollution, temperature, and humidity levels have influenced the adoption of such comforting products.

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Global Air Conditioner Market Definition:

Air conditioners are central heating & cooling system that control the temperature & humidity of an area. They are widely used for removing the warm air from a defined area through a refrigeration cycle and diverse applications, ranging from residential buildings, malls, & office spaces to theatres, and many more.

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Global Air Conditioner Market Key Drivers:

The Expansion of Construction Activities Stems from Increasing Population and Modernization - The market is mainly driven by the upsurge of the construction sector, increasing replacement market, energy efficiency, regulations, and growing technological advancements. In addition, the rising population, increased purchasing power, and global warming encourage its adoption worldwide. Furthermore, customers are enticed to purchase such cooling products and fulfill their requirements with market participants' innovative marketing efforts and the introduction of new technology features such as IoT, smart checking and changing systems, and other automation technology.

Global Air Conditioner Market Segmentation:

-By Type

• • Window AC
• Split AC
• Floor Standing AC
• Cassette AC
• Packaged AC
• Ducted Split AC
• Centralized AC

-By Technology

• Manual
• Automatic

-By End User

• Residential
• Commercial Buildings
• Retail
• Health Care
• Hospitality
• Government & Transportation
• Oil & Gas
• Others

-By Sales Channel

• Direct Sales
• Online
• Authorized Distributors

Air Conditioner Market Geographically Analysis:

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Air Conditioner Leading Companies:

• Alfa Laval
• Bluestar
• Carrier
• Daikin Industries
• Electrolux
• Gree
• Haier Group
• Hitachi
• LG Electronics
• Mitsubishi Electric
• Panasonic
• Samsung
• Trane Technologies
• Voltas
• Whirlpool

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