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Cassette Air Conditioner Market Trends

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

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Cassette Air Conditioner Market Trends

As global concerns about energy consumption and environmental impacts rise, the demand for energy-efficient air conditioning systems has surged. Cassette air conditioners, frequently featuring inverter technology and sophisticated thermostatic controls, deliver notable energy savings over conventional systems. Furthermore, the incorporation of smart technology boosts the allure of cassette air conditioners in today's tech-driven market. With capabilities like mobile app remote control, programmable settings, and seamless integration into smart home ecosystems, these units offer unparalleled convenience and customization.

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.