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Air Conditioning System Market Volume Forecast and Value Chain Analysis 2017 to 2026

August 8, 2019 by Steve Blade  

According to Fact.MR’s recently compiled report, the global air conditioning system market will record a CAGR of over 6% during the forecast period 2017 to 2026, in terms of value. Global sales of air conditioning systems are estimated to exceed 240,000 Mn units by 2026-end.

Smart Thermostats Becoming the Control Element for Air Conditioning Systems

The concept of connected home is witnessing a gradual rise over the past few years. Morphing of devices such as a basic thermostat into the breed of power smart thermostats has depicted the way residential appliances must adapt, re-invent and re-imagine their role in a connected home. Currently, powerful smart thermostats are the control element for air conditioning systems in connected homes. Owing to their benefits of monitoring temperature through computers and mobile devices, these thermostats are gaining momentum in small- and medium-sized commercial buildings. With the help of solar panels providing outdoor temperature information, smart thermostats are capable of altering a home’s cooling system depending up on the requirement. Smart thermostat for air conditioning systems range from basic and functional to sophisticated and feature-rich. In addition, the development of digitally programmable thermostats feature both efficiency- and comfort-enhancing functionality, with their remote access and smart technology.

Currently, powerful smart thermostats are the control element for air conditioning systems in connected homes. Owing to their benefits of monitoring temperature through computers and mobile devices, these thermostats are gaining momentum in small- and medium-sized commercial buildings.

With the help of solar panels providing outdoor temperature information, smart thermostats are capable of altering a home’s cooling system depending up on the requirement. Smart thermostat for air conditioning systems range from basic and functional to sophisticated and feature-rich. In addition, the development of digitally programmable thermostats feature both efficiency- and comfort-enhancing functionality, with their remote access and smart technology.

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According to Fact.MR’s recently compiled report, the  air conditioning system market will record a CAGR of over 6% during the forecast period 2017 to 2026, in terms of value. Global sales of air conditioning systems are estimated to exceed 240,000 Mn units by 2026-end.

North America to Record Highest Sales of Air Conditioning Systems in terms of Volume

Sales of air conditioning systems are slated to remain the largest in North America, in terms of volume, followed by Europe. Ongoing technological innovations, and changing standards of American Society of Heating, Refrigerating and Air Conditioning, along with the presence of many regulatory policies have accelerated demand for eco-friendly, technologically advanced, and energy-efficient air conditioning systems in these regions.

Considering the broad-scope of the global air conditioning system market, the report offers in-depth insights on the forecast and segment-wise analysis. The air conditioning system market has been segmented on the basis of application, sales channel, product type, and region. This sections offers segmentation analysis, along with a detailed country-wise forecast on all the parameters.

B2B and independent electronic stores will endure as the leading sales channel for air conditioning system in terms of revenues. However, in terms of value, authorized stores will witness the fastest expansion in sales of air conditioning systems through 2026.

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Key Research Findings from Fact.MR’s Report

  • Volume sales of air conditioning systems will remain the largest in B2B sales channel, trailed by independent electronic stores
  • Chillers air conditioning systems are expected to remain dominant in the market, in terms of volume, with sales estimated to exceed 65,000 Mn units by 2026-end

Competition Tracking

Key players identified by the report include Petra Engg Industies Co., Lennox International, Honeywell International, Gree Electric Appliances, Samsung Electronics, Daikin Industries Ltd., and Midea Group Co. Ltd. Other prominent players in the market include Fuji Electric, Carrier Corp, Hitachi and UTC.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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