Dublin, June 17, 2021 (GLOBE NEWSWIRE) -- The "Air-Conditioning Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global air-conditioning equipment market is expected to grow from $179.64 billion in 2020 to $186.24 billion in 2021 at a compound annual growth rate (CAGR) of 3.7%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.54 billion in 2025 at a CAGR of 7.4%.
Where is the largest and fastest growing market for the air-conditioning equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Air-Conditioning Equipment market global report answers all these questions and many more.
Major players in the air-conditioning equipment market are Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, and Ingersoll-Rand.
The air-conditioning equipment market consists of sales of air-conditioning equipment by entities (organizations, sole traders, and partnerships) that produce air-conditioning equipment which is used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces. The air-conditioning equipment market is segmented into compressors and condensers. Only goods and services traded between entities or sold to end consumers are included.
The high cost of air-conditioning installation and replacement limits air-conditioning equipment's market growth over the forecast period. Air-conditioner installments include installation of an electric conduit from the disconnect to the air conditioner, indoor evaporator coil, outside electric disconnect, outdoor pad, PVC pipe a drain line, and new copper line set from the indoor coil to the air conditioner.
The air-conditioning equipment market covered in this report is segmented by product type into unitary air conditioners; room air conditioners; packaged terminal air conditioners; chillers; absorption liquid chillers. It is also segmented by components into refrigerant; compressor; condenser coil; expansion valve; evaporator coil and by application into residential; commercial.
Increasing urbanization and industrialization is projected to boost the demand for air-conditioning equipment during the forecast period. The surge in urban population and the growing number of industrial activities expected to generate a high requirement for HVAC equipment including air-conditioning equipment.
Key Topics Covered:
1. Executive Summary
2. Air-Conditioning Equipment Market Characteristics
3. Air-Conditioning Equipment Market Trends and Strategies
4. Impact of COVID-19 on Air-Conditioning Equipment
5. Air-Conditioning Equipment Market Size and Growth
5.1. Global Air-Conditioning Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Air-Conditioning Equipment Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Air-Conditioning Equipment Market Segmentation
6.1. Global Air-Conditioning Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Unitary Air Conditioners
- Room Air Conditioners
- Packaged Terminal Air Conditioners
- Chillers
- Absorption Liquid Chillers
6.2. Global Air-Conditioning Equipment Market, Segmentation by Components, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Refrigerant
- Compressor
- Condenser Coil
- Expansion Valve
- Evaporator Coil
6.3. Global Air-Conditioning Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Residential
- Commercial
7. Air-Conditioning Equipment Market Regional and Country Analysis
7.1. Global Air-Conditioning Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Air-Conditioning Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- Daikin Industries Ltd.
- Lennox International Inc.
- Hitachi Ltd.
- Panasonic Corporation
- Electrolux AB
- Mitsubishi Electric Corporation
- MIDEA Group Co. Ltd.
- Samsung Electronics Co. Ltd.
- Sharp Corporation
- Ingersoll-Rand
- Johnson Controls
- LG Electronics
- Rheem
- Nortek
- United Technologies Corp.
For more information about this report visit https://www.researchandmarkets.com/r/swygh2