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Air Conditioning System Market Share

Report ID: GMI7350
Published Date: Nov 2023
Report Format: PDF

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Air Conditioning System Market Share

Major players operating in the Air Conditioning System industry include:

Daikin Industries, Ltd.
Mitsubishi Electric Corporation
Carrier Corporation
Johnson Controls
LG Electronics

Daikin Industries, Ltd. and Mitsubishi Electric Corporation are dominant players in the industry due to their vast product landscape, geographical presence, and strategic alliances. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Avinash Singh

Frequently Asked Questions (FAQ) :

Air conditioning system industry size reached USD 123 billion in 2022 and is projected to expand at over 6% CAGR from 2023-2032 driven by the rising temperatures and climate changes along with greater demand for cooling solutions

Central air conditioning systems market accounted for around 56% of revenue share in 2022 and is estimated to witness high demand through 2032 owing to the increasing consumer concerns about indoor air quality

North America accounted for around 26% revenue share of the market in 2022 and is likely to witness robust growth through 2032 attributed to the increasing implementation of stringent energy efficiency regulations.

Some of the top air conditioning system providers are Carrier Corporation, Daikin Industries, Ltd., LG Electronics, Mitsubishi Electric Corporation, and Johnson Controls.