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Cassette Air Conditioner Market Share

Report ID: GMI11218
Published Date: Sep 2024
Report Format: PDF

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Cassette Air Conditioner Market Share

Global Cassette Air Conditioner Company Market Share Analysis, 2023

The cassette air conditioner industry is fragmented, with several regional companies operating on a global scale. In 2023, the Carrier Corporation, Daikin Industries, LG Electronics, Panasonic Corporation, Trane Technologies led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

Cassette Air Conditioner Market Companies

Major players operating in the cassette air conditioner industry are:

Carrier Global Corporation
Daikin Industries Ltd.
Fujitsu General Limited
Gree Electric Appliances Inc.
Haier Group Corporation
Hitachi, Ltd.
Johnson Controls International plc
LG Electronics Inc.
Midea Group Co., Ltd.
Mitsubishi Electric Corporation
Panasonic Corporation
Panasonic Corporation
Samsung Electronics Co., Ltd.
Trane Technologies plc
York International Corporation

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of cassette air conditioner was worth over USD 17.2 billion in 2023 and is anticipated to register 4.1% CAGR between 2024 and 2032, due to the increasing commercial and residential construction.

The four-way segment in the cassette air conditioner market is expected to reach USD 5.5 billion by 2032, due to its adaptability, uniform cooling, and ease of installation in diverse commercial settings.

Asia Pacific cassette air conditioner market held 43% revenue share in 2023, due to rising commercial real estate and increasing demand for advanced HVAC solutions.

Carrier Global Corporation, Daikin Industries Ltd., Fujitsu General Limited, Gree Electric Appliances Inc., Haier Group Corporation, Hitachi, Ltd., and Johnson Controls International plc, among others.