Analysts’ Viewpoint on Market Scenario
Major players operating in the air conditioning system market are collaborating with start-ups by investing in them to develop new technologies in air conditioning systems and expand their global reach in order to maintain their competitive advantage. Companies are focusing on achieving long-term growth through effective integration and continuous improvement and innovation in air conditioning systems.
Rise in construction activities in developing countries and the upgrade of disaster-prone buildings, coupled with large-scale investments in infrastructure, provide significant opportunity for the manufacturers of air conditioning systems.
Furthermore, market players are emphasizing on air conditioning systems that consume less energy due to government regulation on energy-saving models, which is expected to propel the market during the forecast period.
Consumers across the globe are increasingly spending on various types of air conditioning systems. This can be ascribed to the rising standard of living, which is encouraging people to own basic household items, thereby significantly boosting the market. The central air conditioning market is anticipated to grow considerably during the forecast period due to rising urbanization, upgrade of disaster-prone buildings, large-scale investments in infrastructure and industrial sectors, and an increase in construction in emerging economies across the globe.
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The global air conditioning system market is expected to grow at a significant pace during the forecast period due to a rise in new construction activities worldwide. The market in Asia Pacific is estimated to rise at the highest growth rate due to the presence of growing economies such as China and India in the region.
The construction of both residential and non-residential buildings is increasing, which is driving the development of both the home air conditioner as well as the commercial air conditioner markets in the region. Rising populations and economic development are also boosting the market. The World Economic Forum estimates that the construction sector generates almost US$ 10 Trn in total yearly revenue and US$ 3.6 Trn in added value. Approximately 6% of the worldwide GDP is accounted for by the construction sector.
More specifically, in industrialized nations, it accounts for roughly 5% of overall GDP, while in underdeveloped nations it typically makes up more than 8% of GDP. The industry is expected to grow extensively in the next few years, with estimated revenues of US$ 15 Trn by 2025. More than 100 million people are already employed in construction worldwide.
Rise in population with increasing disposable income in Asia Pacific is driving the demand for air conditioning systems for homes in the region. This is encouraging global air conditioner market players to shift production of air conditioners closer to consumption markets. For instance, Japan-based air conditioner manufacturer Daikin Industries, Ltd. established air conditioner manufacturing plants in Thailand, Malaysia, and India, which witnessed high demand for portable air conditioners.
In May 2018, Daikin started the operation of a new air conditioning system manufacturing plant in Vietnam to cater to the increasing demand for air conditioners in Asia Pacific. Daikin established the new plant in Vietnam due to a rise in the demand for residential air conditioners in the country.
In October 2014, rise in demand for VRF systems has prompted Japan-based air conditioner manufacturer, Mitsubishi Electric Corp., to shift its production of VRF indoor units from Japan to Thailand. Likewise, in October 2014, Mitsubishi Electric shifted production of residential air conditioners for the U.S. market from Thailand to Mexico. Thus, localizing AC production is increasing the demand for air conditioners.
In terms of product type, the split air conditioner segment dominated the global air conditioning system market. Overflowing demand for energy efficiency is a key element driving the split air conditioning systems segment. Government regulations for energy-saving models, which are the future of air conditioning systems, have resulted in the replacement of old air conditioning system types with energy-saving home air conditioner ones in developed nations in North America and Europe.
Split air conditioning system manufacturers are approving advanced and green technologies to develop energy-saving systems owing to the increase in electricity consumption of these systems in the last few years. Rise in the adoption of green technology and an increase in the number of smart homes is anticipated to augment the demand for split HVAC systems during the forecast period.
In terms of region, Asia Pacific holds the largest share of the global air conditioning system market. The market in Asia Pacific is driven by factors such as rise in the construction of residential and non-residential buildings. China holds the highest market share of the market in Asia Pacific. India, Thailand, the Philippines, etc., are emerging markets in the region.
Authorities in the region are investing in residential projects due to an increase in population. On the other hand, manufacturers based out of different regions are building their manufacturing plants in Asia Pacific. This is expected to result in higher market growth in the region during the forecast period.
The air conditioning system market is consolidated, with a few large-scale vendors controlling majority of the market share. Most firms are spending a significant amount of money on comprehensive research and development. Expansion of product portfolios and mergers and acquisitions are the main strategies adopted by key players. Lennox International Inc., Sharp Corporation, Hitachi, Ltd., United Technologies Corp., Panasonic Corporation, Electrolux AB, Samsung Electronics Co., Ltd., Midea Group Co., Ltd., Mitsubishi Electric Corporation, and Daikin Industries, Ltd. are the prominent entities operating in the market.
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Each of these players has been profiled in the air conditioning system market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
| Attribute | Detail |
|---|---|
| Market Size Value in 2021 | US$ 1.68 Bn |
| Market Forecast Value in 2031 | US$ 2.70 Bn |
| Growth Rate (CAGR) | 4.9% |
| Forecast Period | 2022-2031 |
| Historical Data Available for | 2017-2020 |
| Quantitative Units | US$ Bn for Value & Thousand Units for Volume |
| Market Analysis | It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
The market stood at US$ 1.68 Bn in 2021.
The market is estimated to grow at a CAGR of 4.9% during 2022-2031.
Local production of air conditioners, which is boosting the local consumption of air conditioners, and growth of the construction industry worldwide.
Split AC accounted for around 85% share of the market in 2021.
Asia Pacific region is likely to be the most lucrative region of the air conditioning system market in the next few years.
Lennox International Inc., Sharp Corporation, Hitachi, Ltd., United Technologies Corp., Panasonic Corporation, Electrolux AB, Samsung Electronics Co., Ltd., Midea Group Co., Ltd., Mitsubishi Electric Corporation, and Daikin Industries, Ltd.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Market Indicators
5.2.1. Overall HVAC Market
5.3. Key Trend Analysis
5.3.1. Supplier Side
5.3.2. Demand Side
5.4. Industry SWOT Analysis
5.5. Technology Overview
5.6. Porter’s Five Forces Analysis
5.7. Value Chain Analysis
5.8. COVID-19 Impact Analysis
5.9. Global Air Conditioning System Market Analysis and Forecast, 2017-2031
5.9.1. Market Value Projections (US$ Mn)
5.9.2. Market Volume Projections (Thousand Units)
6. Global Air Conditioning System Market Analysis and Forecast, by Product
6.1. Global Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
6.1.1. Split AC
6.1.2. Window AC
6.2. Incremental Opportunity, by Product
7. Global Air Conditioning System Market Analysis and Forecast, by Application
7.1. Global Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
7.1.1. RAC
7.1.2. PAC
7.1.3. VRF
7.2. Incremental Opportunity, by Application
8. Global Air Conditioning System Market Analysis and Forecast, by End-use
8.1. Global Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
8.1.1. Residential
8.1.2. Commercial
8.2. Incremental Opportunity, by End-use
9. Global Air Conditioning System Market Analysis and Forecast, by Distribution Channel
9.1. Global Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
9.1.1. Online
9.1.2. Offline
9.2. Incremental Opportunity, by Distribution Channel
10. Global Air Conditioning System Market Analysis and Forecast, by Region
10.1. Global Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Region, 2017-2031
10.1.1. North America
10.1.2. Europe
10.1.3. Asia Pacific
10.1.4. Middle East & Africa
10.1.5. South America
10.2. Incremental Opportunity, by Region
11. North America Air Conditioning System Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Brand Analysis
11.3. Key Trends Analysis
11.3.1. Supply side
11.3.2. Demand Side
11.4. Price Trend Analysis
11.4.1. Weighted Average Selling Price (US$)
11.5. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
11.5.1. Split AC
11.5.2. Window AC
11.6. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
11.6.1. RAC
11.6.2. PAC
11.6.3. VRF
11.7. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
11.7.1. Residential
11.7.2. Commercial
11.8. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
11.8.1. Online
11.8.2. Offline
11.9. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Country & Sub-region, 2017-2031
11.9.1. U.S.
11.9.2. Canada
11.9.3. Rest of North America
11.10. Incremental Opportunity Analysis
12. Europe Air Conditioning System Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Brand Analysis
12.3. Key Trends Analysis
12.3.1. Supply side
12.3.2. Demand Side
12.4. Price Trend Analysis
12.4.1. Weighted Average Selling Price (US$)
12.5. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
12.5.1. Split AC
12.5.2. Window AC
12.6. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
12.6.1. RAC/p>
12.6.2. PAC
12.6.3. VRF
12.7. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
12.7.1. Residential
12.7.2. Commercial
12.8. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
12.8.1. Online
12.8.2. Offline
12.9. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Country & Sub-region, 2017-2031
12.9.1. U.K.
12.9.2. Germany
12.9.3. France
12.9.4. Rest of Europe
12.10. Incremental Opportunity Analysis
13. Asia Pacific Air Conditioning System Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Brand Analysis
13.3. Key Trends Analysis
13.3.1. Supply side
13.3.2. Demand Side
13.4. Price Trend Analysis
13.4.1. Weighted Average Selling Price (US$)
13.5. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
13.5.1. Split AC
13.5.2. Window AC
13.6. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
13.6.1. RAC
13.6.2. PAC
13.6.3. VRF
13.7. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
13.7.1. Residential
13.7.2. Commercial
13.8. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
13.8.1. Online
13.8.2. Offline
13.9. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Country & Sub-region, 2017-2031
13.9.1. China
13.9.2. India
13.9.3. Japan
13.9.4. Rest of Asia Pacific
13.10. Incremental Opportunity Analysis
14. Middle East & Africa Air Conditioning System Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Brand Analysis
14.3. Key Trends Analysis
14.3.1. Supply side
14.3.2. Demand Side
14.4. Price Trend Analysis
14.4.1. Weighted Average Selling Price (US$)
14.5. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
14.5.1. Split AC
14.5.2. Window AC
14.6. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
14.6.1. RAC
14.6.2. PAC
14.6.3. VRF
14.7. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
14.7.1. Residential
14.7.2. Commercial
14.8. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
14.8.1. Online
14.8.2. Offline
14.9. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Country & Sub-region, 2017-2031
14.9.1. GCC
14.9.2. South Africa
14.9.3. Rest of Middle East & Africa
14.10. Incremental Opportunity Analysis
15. South America Air Conditioning System Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Brand Analysis
15.3. Key Trends Analysis
15.3.1. Supply side
15.3.2. Demand Side
15.4. Price Trend Analysis
15.4.1. Weighted Average Selling Price (US$)
15.5. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Product, 2017-2031
15.5.1. Split AC
15.5.2. Window AC
15.6. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Application, 2017-2031
15.6.1. RAC
15.6.2. PAC
15.6.3. VRF
15.7. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by End-use, 2017-2031
15.7.1. Residential
15.7.2. Commercial
15.8. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017-2031
15.8.1. Online
15.8.2. Offline
15.9. Air Conditioning System Market Size (US$ Mn) (Thousand Units), by Country & Sub-region, 2017-2031
15.9.1. Brazil
15.9.2. Rest of South America
15.10. Incremental Opportunity Analysis
16. Competition Landscape
16.1. Competition Dashboard
16.2. Market Share Analysis % (2021)
16.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]
16.3.1. Daikin Industries, Ltd.
16.3.1.1. Company Overview
16.3.1.2. Product Portfolio
16.3.1.3. Financial Information, (Subject to Data Availability)
16.3.1.4. Business Strategies / Recent Developments
16.3.2. Electrolux AB
16.3.2.1. Company Overview
16.3.2.2. Product Portfolio
16.3.2.3. Financial Information, (Subject to Data Availability)
16.3.2.4. Business Strategies / Recent Developments
16.3.3. Hitachi, Ltd.
16.3.3.1. Company Overview
16.3.3.2. Product Portfolio
16.3.3.3. Financial Information, (Subject to Data Availability)
16.3.3.4. Business Strategies / Recent Developments
16.3.4. Lennox International Inc.
16.3.4.1. Company Overview
16.3.4.2. Product Portfolio
16.3.4.3. Financial Information, (Subject to Data Availability)
16.3.4.4. Business Strategies / Recent Developments
16.3.5. Midea Group Co., Ltd.
16.3.5.1. Company Overview
16.3.5.2. Product Portfolio
16.3.5.3. Financial Information, (Subject to Data Availability)
16.3.5.4. Business Strategies / Recent Developments
16.3.6. Mitsubishi Electric Corporation
16.3.6.1. Company Overview
16.3.6.2. Product Portfolio
16.3.6.3. Financial Information, (Subject to Data Availability)
16.3.6.4. Business Strategies / Recent Developments
16.3.7. Panasonic Corporation
16.3.7.1. Company Overview
16.3.7.2. Product Portfolio
16.3.7.3. Financial Information, (Subject to Data Availability)
16.3.7.4. Business Strategies / Recent Developments
16.3.8. Samsung Electronics Co., Ltd.
16.3.8.1. Company Overview
16.3.8.2. Product Portfolio
16.3.8.3. Financial Information, (Subject to Data Availability)
16.3.8.4. Business Strategies / Recent Developments
16.3.9. Sharp Corporation
16.3.9.1. Company Overview
16.3.9.2. Product Portfolio
16.3.9.3. Financial Information, (Subject to Data Availability)
16.3.9.4. Business Strategies / Recent Developments
16.3.10. United Technologies Corp.
16.3.10.1. Company Overview
16.3.10.2. Product Portfolio
16.3.10.3. Financial Information, (Subject to Data Availability)
16.3.10.4. Business Strategies / Recent Developments
17. Key Takeaways
17.1. Identification of Potential Market Spaces
17.1.1. Product
17.1.2. Application
17.1.3. End-use
17.1.4. Distribution Channel
17.1.5. Geography
17.2. Understanding the Buying Process of Customers
17.3. Prevailing Market Risks
17.4. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 2: Global Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 3: Global Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 4: Global Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 5: Global Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 6: Global Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 7: Global Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 8: Global Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 9: Global Air Conditioning System Market, by Region, Thousand Units, 2017-2031
Table 10: Global Air Conditioning System Market, by Region, US$ Mn, 2017-2031
Table 11: North America Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 12: North America Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 13: North America Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 14: North America Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 15: North America Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 16: North America Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 17: North America Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 18: North America Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 19: North America Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Table 20: North America Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Table 21: Europe Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 22: Europe Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 23: Europe Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 24: Europe Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 25: Europe Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 26: Europe Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 27: Europe Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 28: Europe Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 29: Europe Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Table 30: Europe Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Table 31: Asia Pacific Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 32: Asia Pacific Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 33: Asia Pacific Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 34: Asia Pacific Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 35: Asia Pacific Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 36: Asia Pacific Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 37: Asia Pacific Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 38: Asia Pacific Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 39: Asia Pacific Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Table 40: Asia Pacific Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Table 41: Middle East & Africa Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 42: Middle East & Africa Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 43: Middle East & Africa Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 44: Middle East & Africa Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 45: Middle East & Africa Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 46: Middle East & Africa Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 47: Middle East & Africa Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 48: Middle East & Africa Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 49: Middle East & Africa Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Table 50: Middle East & Africa Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Table 51: South America Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Table 52: South America Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Table 53: South America Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Table 54: South America Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Table 55: South America Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Table 56: South America Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Table 57: South America Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Table 58: South America Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Table 59: South America Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Table 60: South America Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
List of Figures
Figure 1: Global Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 2: Global Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 3: Global Air Conditioning System Market, by Incremental Opportunity, By Product, 2017-2031
Figure 4: Global Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 5: Global Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 6: Global Air Conditioning System Market, by Incremental Opportunity, by Application, 2017-2031
Figure 7: Global Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 8: Global Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 9: Global Air Conditioning System Market, by Incremental Opportunity, By End-use, 2017-2031
Figure 10: Global Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 11: Global Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 12: Global Air Conditioning System Market, by Incremental Opportunity, By Distribution Channel, 2017-2031
Figure 13: Global Air Conditioning System Market, by Region, Thousand Units, 2017-2031
Figure 14: Global Air Conditioning System Market, by Region, US$ Mn, 2017-2031
Figure 15: Global Air Conditioning System Market, by Incremental Opportunity, by Region, 2017-2031
Figure 16: North America, Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 17: North America, Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 18: North America, Air Conditioning System Market, by Incremental Opportunity, By Product, 2017-2031
Figure 19: North America, Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 20: North America, Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 21: North America, Air Conditioning System Market, by Incremental Opportunity, By Application, 2017-2031
Figure 22: North America, Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 23: North America, Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 24: North America, Air Conditioning System Market, by Incremental Opportunity, By End-use, 2017-2031
Figure 25: North America, Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 26: North America, Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 27: North America, Air Conditioning System Market, by Incremental Opportunity, By Distribution Channel, 2017-2031
Figure 28: North America, Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Figure 29: North America, Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Figure 30: North America, Air Conditioning System Market, by Incremental Opportunity, by Country & Sub-region, 2017-2031
Figure 31: Europe, Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 32: Europe, Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 33: Europe, Air Conditioning System Market, by Incremental Opportunity, by Product, 2017-2031
Figure 34: Europe, Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 35: Europe, Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 36: Europe, Air Conditioning System Market, by Incremental Opportunity, by Application, 2017-2031
Figure 37: Europe, Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 38: Europe, Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 39: Europe, Air Conditioning System Market, by Incremental Opportunity, by End-use, 2017-2031
Figure 40: Europe, Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 41: Europe, Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 42: Europe, Air Conditioning System Market, by Incremental Opportunity, by Distribution Channel, 2017-2031
Figure 43: Europe, Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Figure 44: Europe, Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Figure 45: Europe, Air Conditioning System Market, by Incremental Opportunity, by Country & Sub-region, 2017-2031
Figure 46: Asia Pacific, Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 47: Asia Pacific, Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 48: Asia Pacific, Air Conditioning System Market, by Incremental Opportunity, by Product, 2017-2031
Figure 49: Asia Pacific, Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 50: Asia Pacific, Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 51: Asia Pacific, Air Conditioning System Market, by Incremental Opportunity, by Application, 2017-2031
Figure 52: Asia Pacific, Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 53: Asia Pacific, Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 54: Asia Pacific, Air Conditioning System Market, by Incremental Opportunity, by End-use, 2017-2031
Figure 55: Asia Pacific, Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 56: Asia Pacific, Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 57: Asia Pacific, Air Conditioning System Market, by Incremental Opportunity, by Distribution Channel, 2017-2031
Figure 58: Asia Pacific, Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Figure 59: Asia Pacific, Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Figure 60: Asia Pacific, Air Conditioning System Market, by Incremental Opportunity, by Country & Sub-region, 2017-2031
Figure 61: Middle East & Africa, Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 62: Middle East & Africa, Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 63: Middle East & Africa, Air Conditioning System Market, by Incremental Opportunity, by Product, 2017-2031
Figure 64: Middle East & Africa, Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 65: Middle East & Africa, Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 66: Middle East & Africa, Air Conditioning System Market, by Incremental Opportunity, by Application, 2017-2031
Figure 67: Middle East & Africa, Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 68: Middle East & Africa, Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 69: Middle East & Africa, Air Conditioning System Market, by Incremental Opportunity, by End-use, 2017-2031
Figure 70: Middle East & Africa, Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 71: Middle East & Africa, Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 72: Middle East & Africa, Air Conditioning System Market, by Incremental Opportunity, by Distribution Channel, 2017-2031
Figure 73: Middle East & Africa, Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Figure 74: Middle East & Africa, Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Figure 75: Middle East & Africa, Air Conditioning System Market, by Incremental Opportunity, by Country & Sub-region, 2017-2031
Figure 76: South America, Air Conditioning System Market, by Product, Thousand Units, 2017-2031
Figure 77: South America, Air Conditioning System Market, by Product, US$ Mn, 2017-2031
Figure 78: South America, Air Conditioning System Market, by Incremental Opportunity, by Product, 2017-2031
Figure 79: South America, Air Conditioning System Market, by Application, Thousand Units, 2017-2031
Figure 80: South America, Air Conditioning System Market, by Application, US$ Mn, 2017-2031
Figure 81: South America, Air Conditioning System Market, by Incremental Opportunity, by Application, 2017-2031
Figure 82: South America, Air Conditioning System Market, by End-use, Thousand Units, 2017-2031
Figure 83: South America, Air Conditioning System Market, by End-use, US$ Mn, 2017-2031
Figure 84: South America, Air Conditioning System Market, by Incremental Opportunity, by End-use, 2017-2031
Figure 85: South America, Air Conditioning System Market, by Distribution Channel, Thousand Units, 2017-2031
Figure 86: South America, Air Conditioning System Market, by Distribution Channel, US$ Mn, 2017-2031
Figure 87: South America, Air Conditioning System Market, by Incremental Opportunity, by Distribution Channel, 2017-2031
Figure 88: South America, Air Conditioning System Market, by Country & Sub-region, Thousand Units, 2017-2031
Figure 89: South America, Air Conditioning System Market, by Country & Sub-region, US$ Mn, 2017-2031
Figure 90: South America, Air Conditioning System Market, by Incremental Opportunity, by Country & Sub-region, 2017-2031
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Air Conditioning System Market
