Air Conditioner Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2028

The global Air Conditioner Market size is expected to reach USD 187.62 billion in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising temperature in countries across the globe. In addition, steady economic growth of developing countries is resulting in rising sales of various appliances, including air conditioners. Consumers are purchasing air conditioners as utility products rather than just luxury products.

The global Air Conditioner market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

Get sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/4611

Key Players:

Some major companies in the market report include Daikin Industries, Ltd., Gree Electric Appliances Inc., Emerson Electric Co., Midea Group, Hitachi-Johnson Controls Air Conditioning, Inc., Carrier Global Corporation, LG Electronics Inc., Panasonic Corporation, Toshiba Corporation, and Haier Group Corporation.

Some Key Highlights from the Report:

In January 2021, Panasonic India, which is a leading diversified technology company, announced the launch of a new range of air conditioners that are equipped with nanoeX technology in order to inhibit adhered novel coronavirus. This technology releases hydroxyl radicals which are capable of inhibiting bacteria viruses, including 99.99% of the adhered novel coronavirus (SARS-coV-2). This technology also removes 99% PM2.5 particles which ensures a better indoor air quality.
Split and multi spilt segment is expected to account for largest revenue share in the global air conditioner market over the forecast period. Rising temperature & humidity levels across the world, increasing income levels of consumers in developing countries, and extension of work from home policy are some significant factors boosting sales of split and multi spilt air conditioners.
Online segment is expected to register robust revenue growth over the forecast period. Availability of favourable discounts on e-commerce portals is projected to drive revenue growth of the segment. Besides, rising usage of smartphones is boosting growth of e-commerce portals in developing countries and further driving sales of air conditioners.
Residential segment is expected to account for a steady revenue share in the global air conditioner market, owing to rising global temperatures, as well as growth of the affluent middle class.
Air conditioner market in Asia Pacific is expected to account for largest revenue share over the forecast period. Some manufacturers such as Daikin Industries, Ltd., Gree Electric Appliances Inc., Midea Group, Hitachi-Johnson Controls Air Conditioning, Inc., LG Electronics Inc., Panasonic Corporation, Toshiba Corporation, and Haier Group Corporation, are offering innovative products in order to increase market share, which, in turn, is expected to boost market growth in the region.

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/4611

Market Segmentation:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

Split & Multi Split
Window
Variable Refrigerant Flow (VRF)
Packaged Air Conditioner (PAC)
Others (Portables and Chillers)

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

Online
Exclusive Stores
Multi-brand Stores
Other Channels

End-use Outlook (Revenue, USD Billion; 2018-2028)

Residential
Commercial

Download summary of the report @ https://www.reportsanddata.com/download-summary-form/4611

Regional Outlook (Revenue, USD Billion; 2018-2028)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
MEA
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA

Browse full report here @ https://www.reportsanddata.com/report-detail/air-conditioner-market

Reasons for Buying this Report:

This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
PEST analysis of the market in the five major regions.

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Explore related reports:

Earth Leakage Protection Market

Power Discrete and Module Market

Digital Notepad Market

Electrical Explosion Proof Equipments Market

Wall Charger Market

Browse other reports from different publications:

Automatic Number Plate Recognition (ANPR) System Market

Automatic Shot Blasting Machine Market

Automatic Speech Recognition (ASR) Software Market

Automatic Tire Inflation System Market

Automatic Weapons Market