Global Commercial Air Conditioner Market, By Product (Room AC, Ducted AC, Ductless AC, Centralized AC), Application (Commercial Offices and Retail, Healthcare, Transportation, Hospitality, Others), Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, Other Distribution Channels), Installation Type (New Installation, Retrofit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Commercial air conditioner market will expect to grow at a rate of 9.30% for the forecast period of 2021 to 2028. Commercial air conditioner market report analyses the growth, which is currently being growing due to the growing commercial construction activities across the globe.
In order to increase the comfort of occupants, air conditioning eliminates heat and humidity from the inside of an occupied room. In both domestic and commercial settings, air conditioning can be used. Increasing use of air conditioners and cooling systems is increasing in developed as well as developing countries with the growing awareness about the importance of maintaining indoor air quality.
Rising construction of green buildings as these building are constructed using renewable sources and they cause lesser damage to the environment, rapid urbanization along with increasing growth of the economy, improvement in the infrastructure activities across the globe, rising acceptance of air conditioners as a utility product rather than a luxury product, increasing popularity of smart gadgets that can convert conventional remote-controlled air conditioners into smart devices are some of the major as well as important factors which will likely to accelerate the growth of the commercial air conditioner market in the projected timeframe of 2021-2028. On the other hand, growing number of technological advancement along with improvement in housing standard which will further contribute by generating immense opportunities that will led to the growth of the commercial air conditioner market in the above mentioned projected timeframe.
Unexpected changes in humidity and temperature affects individual’s respiratory system along with airborne dust and fungi cause allergic reactions which will likely to act as market restraints factor for the growth of the commercial air conditioner in the above mentioned projected timeframe. Regular usage of air conditioner dries skin and mucous membranes which will become the biggest and foremost challenge for the growth of the market.
This commercial air conditioner market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on commercial air conditioner market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Commercial Air Conditioner Market Scope and Market Size
Commercial air conditioner market is segmented on the basis of product, distribution channel, installation type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the commercial air conditioner market is segmented into room AC, ducted AC, ductless AC, and centralized AC. Room AC has been further segmented into window, and split. Ducted AC has been further segmented into ceiling concealed, and rooftop packaged. Ductless AC has been further segmented into cassette, floor standing and ceiling suspended. Centralized AC has been further segmented into VRF, AHU/FCU, chiller, condensing unit, and others. Others have been further sub segmented into evaporator coils, and compressors.
- Based on distribution channel, the commercial air conditioner market is segmented into multi-brand stores, exclusive stores, online, and other distribution channels.
- On the basis of installation type, the commercial air conditioner market is segmented into new installation, and retrofit.
- Commercial air conditioner market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for commercial air conditioner market includes commercial offices and retail, healthcare, transportation, hospitality, and others. Others have been further segmented into education, and BFSI.
Commercial Air Conditioner Market Country Level Analysis
Commercial air conditioner market is analysed and market size, volume information is provided by country, product, distribution channel, installation type, and application as referenced above.
The countries covered in the commercial air conditioner market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the commercial air conditioner market due to the rising usages of the energy efficient AC’s owing to declining energy consumption rate in the region. Asia-Pacific region is expected to hold the largest growth rate due to the surging levels of investment on healthcare facilities, retail stores, educational buildings and others in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Air Conditioner Market Share Analysis
Commercial air conditioner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial air conditioner market.
The major players covered in the commercial air conditioner market report are Carrier.; DAIKIN INDUSTRIES, Ltd; FUJITSU GENERAL; Haier Inc; Hitachi, Ltd.; LG Electronics.; Mitsubishi Electric Corporation; Panasonic Corporation; SAMSUNG; AIREDALE INTERNATIONAL AIR CONDITIONING LTD.; Gree; Emerson Electric Co.; Midea Group.; Ingersoll-Rand plc; Toshiba India Pvt. Ltd.; Voltas, Inc.; Blue Star Limited.; Danfoss A/S; Secop GmbH; Embraco; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.