The Asia Pacific Air Conditioning Systems Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The increasing number of global events is directly influencing the number of construction projects like the construction of new buildings and the enhancement of prevailing infrastructure. Such kinds of projects focus on accommodating and fulfilling the requirement of international visitors or working professionals and offering them better and advanced facilities.
In addition, air conditioning systems are becoming a necessity rather than a luxury due to the rise in global temperature. Thus, people are increasingly installing air conditioning systems in their homes across the globe, which is estimated to contribute to the rising temperature of the earth. Along with that, the changing climatic conditions across the world are estimated to fuel the growth of the segment over the forecast period.
The Asia Pacific has witnessed a substantial slowdown in the demand for AC systems due to the declining economic condition of this region due to the COVID-19 pandemic. In addition, various restrictions on travel across the border, especially from China have negatively impacted the growth of the air conditioning systems market.
The China market dominated the Asia Pacific Air Conditioning Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $16,799.5 million by 2027. The Japan market is anticipated to grow a CAGR of 5.7% during (2021 - 2027). Additionally, The India market is poised to grow a CAGR of 6.9% during (2021 - 2027).
Based on Type, the market is segmented into Unitary, Rooftop and PTAC. Based on Technology, the market is segmented into Non-Inverter and Inverter. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Air Conditioning Systems Market is Projected to reach USD 154 Billion by 2027, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carrier Global Corporation, Hitachi, Ltd., Haier Smart Home Co., Ltd. (Haier Group Corporation), Whirlpool Corporation, Mitsubishi Electric Corporation, Trane Technologies PLC, Daikin Industries, Ltd., BSH Hausgeräte GmbH (Robert Bosch Group), Alfa Laval AB, and Electrolux AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Technology
By End User
- Residential
- Commercial
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Carrier Global Corporation
- Hitachi, Ltd.
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Whirlpool Corporation
- Mitsubishi Electric Corporation
- Trane Technologies PLC
- Daikin Industries, Ltd.
- BSH Hausgeräte GmbH (Robert Bosch Group)
- Alfa Laval AB
- Electrolux AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Air Conditioning Systems Market, by Type
1.4.2 Asia Pacific Air Conditioning Systems Market, by Technology
1.4.3 Asia Pacific Air Conditioning Systems Market, by End User
1.4.4 Asia Pacific Air Conditioning Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
Chapter 4. Asia Pacific Air Conditioning Systems Market by Type
4.1 Asia Pacific Air Conditioning Systems Unitary Market by Country
4.2 Asia Pacific Air Conditioning Systems Rooftop Market by Country
4.3 Asia Pacific Air Conditioning Systems PTAC Market by Country
Chapter 5. Asia Pacific Air Conditioning Systems Market by End Use
5.1 Asia Pacific Air Conditioning Systems Residential Market by Country
5.2 Asia Pacific Air Conditioning Systems Commercial Market by Country
5.3 Asia Pacific Air Conditioning Systems Industrial Market by Country
Chapter 6. Asia Pacific Air Conditioning Systems Market by Technology
6.1 Asia Pacific Non-Inverter Air Conditioning Systems Market by Country
6.2 Asia Pacific Inverter Air Conditioning Systems Market by Country
Chapter 7. Asia Pacific Air Conditioning Systems Market by Country
7.1 China Air Conditioning Systems Market
7.1.1 China Air Conditioning Systems Market by Type
7.1.2 China Air Conditioning Systems Market by End Use
7.1.3 China Air Conditioning Systems Market by Technology
7.2 Japan Air Conditioning Systems Market
7.2.1 Japan Air Conditioning Systems Market by Type
7.2.2 Japan Air Conditioning Systems Market by End Use
7.2.3 Japan Air Conditioning Systems Market by Technology
7.3 India Air Conditioning Systems Market
7.3.1 India Air Conditioning Systems Market by Type
7.3.2 India Air Conditioning Systems Market by End Use
7.3.3 India Air Conditioning Systems Market by Technology
7.4 South Korea Air Conditioning Systems Market
7.4.1 South Korea Air Conditioning Systems Market by Type
7.4.2 South Korea Air Conditioning Systems Market by End Use
7.4.3 South Korea Air Conditioning Systems Market by Technology
7.5 Singapore Air Conditioning Systems Market
7.5.1 Singapore Air Conditioning Systems Market by Type
7.5.2 Singapore Air Conditioning Systems Market by End Use
7.5.3 Singapore Air Conditioning Systems Market by Technology
7.6 Malaysia Air Conditioning Systems Market
7.6.1 Malaysia Air Conditioning Systems Market by Type
7.6.2 Malaysia Air Conditioning Systems Market by End Use
7.6.3 Malaysia Air Conditioning Systems Market by Technology
7.7 Rest of Asia Pacific Air Conditioning Systems Market
7.7.1 Rest of Asia Pacific Air Conditioning Systems Market by Type
7.7.2 Rest of Asia Pacific Air Conditioning Systems Market by End Use
7.7.3 Rest of Asia Pacific Air Conditioning Systems Market by Technology
Chapter 8. Company Profiles
8.1 Carrier Global Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and Developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisitions and Mergers:
8.1.5.3 Product Launches and Product Expansions:
8.1.5.4 Geographical Expansions:
8.2 Hitachi, Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent Strategies and Developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Geographical Expansions:
8.3 Haier Smart Home Co., Ltd. (Haier Group Corporation)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Geographical Expansions:
8.4 Whirlpool Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent Strategies and Developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Mitsubishi Electric Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent Strategies and Developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisitions and Mergers:
8.5.5.3 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Trane Technologies PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.7 Daikin Industries, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent Strategies and Developments:
8.7.5.1 Acquisitions and Mergers:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 BSH Hausgeräte GmbH (Robert Bosch Group)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent Strategies and Developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisitions and Mergers:
8.8.5.3 Product Launches and Product Expansions:
8.9 Alfa Laval AB
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.10. Electrolux AB
8.10.1 Company Overview
8.10.2 Recent Strategies and Developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Air Conditioning Systems Market
TABLE 4 Product Launches And Product Expansions– Air Conditioning Systems Market
TABLE 5 Acquisition and Mergers– Air Conditioning Systems Market
TABLE 6 Geographical Expansions– Air Conditioning Systems Market
TABLE 7 Asia Pacific Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Air Conditioning Systems Unitary Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Air Conditioning Systems Unitary Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Air Conditioning Systems Rooftop Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Air Conditioning Systems Rooftop Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Air Conditioning Systems PTAC Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Air Conditioning Systems PTAC Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Air Conditioning Systems Residential Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Air Conditioning Systems Residential Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Air Conditioning Systems Commercial Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Air Conditioning Systems Commercial Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Air Conditioning Systems Industrial Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Air Conditioning Systems Industrial Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Non-Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Non-Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Inverter Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Inverter Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Air Conditioning Systems Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Air Conditioning Systems Market by Country, 2021 - 2027, USD Million
TABLE 31 China Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 32 China Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 33 China Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 34 China Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 35 China Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 36 China Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 37 China Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 38 China Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 39 Japan Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 40 Japan Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 41 Japan Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 42 Japan Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 43 Japan Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 44 Japan Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 45 Japan Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 46 Japan Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 47 India Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 48 India Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 49 India Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 50 India Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 51 India Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 52 India Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 53 India Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 54 India Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 55 South Korea Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 56 South Korea Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 57 South Korea Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 58 South Korea Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 59 South Korea Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 60 South Korea Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 61 South Korea Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 62 South Korea Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 63 Singapore Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 64 Singapore Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 65 Singapore Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 66 Singapore Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 67 Singapore Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 68 Singapore Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 69 Singapore Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 70 Singapore Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 71 Malaysia Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 72 Malaysia Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 73 Malaysia Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 74 Malaysia Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 75 Malaysia Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 76 Malaysia Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 77 Malaysia Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 78 Malaysia Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 79 Rest of Asia Pacific Air Conditioning Systems Market, 2017 - 2020, USD Million
TABLE 80 Rest of Asia Pacific Air Conditioning Systems Market, 2021 - 2027, USD Million
TABLE 81 Rest of Asia Pacific Air Conditioning Systems Market by Type, 2017 - 2020, USD Million
TABLE 82 Rest of Asia Pacific Air Conditioning Systems Market by Type, 2021 - 2027, USD Million
TABLE 83 Rest of Asia Pacific Air Conditioning Systems Market by End Use, 2017 - 2020, USD Million
TABLE 84 Rest of Asia Pacific Air Conditioning Systems Market by End Use, 2021 - 2027, USD Million
TABLE 85 Rest of Asia Pacific Air Conditioning Systems Market by Technology, 2017 - 2020, USD Million
TABLE 86 Rest of Asia Pacific Air Conditioning Systems Market by Technology, 2021 - 2027, USD Million
TABLE 87 Key Information – Carrier Global Corporation
TABLE 88 Key Information – Hitachi, Ltd.
TABLE 89 key information –Haier Smart Home Co., Ltd.
TABLE 90 Key information – Whirlpool Corporation
TABLE 91 key information – Mitsubishi Electric Corporation
TABLE 92 Key Information – Trane Technologies PLC
TABLE 93 Key information – Daikin Industries, Ltd.
TABLE 94 Key Information – BSH Hausgeräte GmbH
TABLE 95 key Information – Alfa Laval AB
TABLE 96 Key Information – Electrolux AB
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, Jun) Leading Players
FIG 5 Recent Strategies and Developments: Carrier Global Corporation
FIG 6 Recent Strategies and Developments: Hitachi, Ltd.
FIG 7 Recent strategies and developments: Haier Smart Home Co., Ltd.
FIG 8 Recent Strategies and Developments: Mitsubishi Electric Corporation
FIG 9 SWOT Analysis: Mitsubishi Electric Corporation
FIG 10 Recent Strategies and Developments: Daikin Industries Ltd.
FIG 11 SWOT Analysis: Daikin Industries Ltd.
FIG 12 Recent Strategies and Developments: BSH Hausgeräte GmbH (Robert Bosch Group)