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Integrated Air Conditioning (RIAC) Systems Market Share

Report ID: GMI11184
Published Date: Sep 2024
Report Format: PDF

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Integrated Air Conditioning Systems Market Share

Integrated Air Conditioning Systems Market Company Share Analysis, (2023)

The integrated air conditioning market is predominantly consolidated, primarily due to the dominance of major global players like Daikin Industries, Carrier Global, Trane Technologies, Mitsubishi Electric, and LG Electronics. These companies lead the market with their extensive product portfolios, significant investments in technological advancements, and global distribution networks, which provide them with a competitive edge and substantial market share. Their ability to leverage economies of scale, maintain strong brand recognition, and set industry standards contributes to this consolidation.

Integrated Air Conditioning Systems Market Companies

Major players operating in the market include:

Daikin Industries Ltd.
Mitsubishi Electric Corporation
Carrier Global Corporation
Johnson Controls International plc
Trane Technologies plc
LG Electronics Inc.
Samsung Electronics Co., Ltd.
Hitachi Ltd.
Bosch Thermotechnology
Fujitsu General Limited
Toshiba Carrier Corporation
Lenovo Group Limited
Panasonic Corporation
Siemens AG
Rheem Manufacturing Company

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The Integrated air conditioning (RIAC) systems market was valued at USD 11.5 Billion in 2023 and is expected to record a CAGR of 4.3% between 2024 and 2032, due to wider adoption of smart home systems, where RIAC improves user control, convenience, and efficiency.

The Central Air Conditioning Systems segment of RIAC systems market held 37.33% share in 2023 and is projected to reach a valuation of USD 6.40 Billion by 2032, due to their efficiency in cooling entire homes or large buildings from a single, centralized unit.

Asia-Pacific integrated air conditioning (RIAC) systems market accounted for a revenue share of 32.99% in 2023, backed by the region's high population density and growing urban areas that create a substantial demand for effective climate control solutions.

Carrier Global Corporation, Johnson Controls International plc, Trane Technologies plc, LG Electronics Inc., Samsung Electronics Co., Ltd., Hitachi Ltd., Bosch Thermotechnology, Fujitsu General Limited, Toshiba Carrier Corporation, and Lenovo Group Limited among others.