Global Commercial Air Conditioner (AC) Market (2024-2030) | Companies, Industry, Size, Share, Revenue, Forecast, Trends, Analysis, Growth, Value, Outlook & Segmentation

Global Commercial Air Conditioner (AC) Market Highlights

Report Name	Global Commercial Air Conditioner (AC) Market
Forecast period	2024-2030
CAGR	5.7%
Growing Sector	Commercial Offices & Retail

Topics Covered in the Global Commercial Air Conditioner (AC) Market Report

The Global Commercial Air Conditioner (AC) Market report thoroughly covers the market by Regions, Products, and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Commercial Air Conditioner (AC) Market Synopsis

The global commercial air conditioner market is expected to grow during the forecast period of 2024-2030, driven by factors such as rising temperatures, urbanization, and economic growth in developing countries. The rise in temperatures due to climate change has led to an increase in demand for air conditioning systems. Therefore, the market is likely to experience significant growth in the coming years.

According to 6Wresearch, the Global Commercial Air Conditioner (AC) Market size is expected to grow at a significant CAGR of 5.7% during 2024-2030. The rise in construction activities, especially in developing countries, is a major driver for the growth of this market. With rapid urbanization and industrialization, the need for reliable and advanced air conditioning systems has also increased. Moreover, strict government regulations on reducing carbon emissions have further fueled the demand for energy-efficient AC units in commercial buildings. This has led to the development of innovative technologies such as variable refrigerant flow (VRF) systems that offer better control over temperature and reduce energy consumption.

However, the high initial cost of installation and maintenance of commercial AC units is a major challenge for market growth. Many small and medium-sized enterprises struggle with the financial burden of investing in these systems, hindering their adoption. In addition, the lack of proper infrastructure and skilled technicians to maintain and service these complex systems also poses a challenge for market growth.

Global Commercial Air Conditioner (AC) Industry Leading Players

The global commercial air conditioner market is highly competitive, with many players vying for a significant share. Some of the key players in the industry include Daikin Industries, Gree Electric Appliances Inc., Carrier Corporation, Mitsubishi Electric Corporation, and LG Electronics Inc. These companies have a strong presence in both developed and developing countries and offer a wide range of air conditioning solutions for various commercial spaces such as offices, hotels, hospitals, and retail stores. Daikin Industries is a leading player with a strong global presence and offers advanced technology solutions for energy-efficient air conditioners. Gree Electric Appliances Inc. is known for its reliable and innovative products, while Carrier Corporation has a long history of providing HVAC solutions globally. Mitsubishi Electric Corporation is renowned for its high-quality and durable air conditioning systems, while LG Electronics Inc. offers a range of smart and connected air conditioners.

Global Commercial Air Conditioner (AC) Market Government Regulations

The global commercial air conditioner market is subject to various government initiatives aimed at promoting energy efficiency and sustainable practices. In countries like the United States, there are regulations in place that require buildings to meet energy standards, leading to an increased demand for energy-efficient air conditioning systems. In Europe, there are strict regulations regarding the use of refrigerants in air conditioners to reduce their impact on the environment. In developing countries like India and China, the government is promoting energy-efficient practices through incentives and subsidies for businesses that invest in energy-efficient technologies. This has led to a significant increase in demand for commercial air conditioners with high energy efficiency ratings.

Future Insights of the Market

The global commercial air conditioner market is expected to continue its growth trajectory in the coming years due to factors such as increasing urbanization, rising disposable incomes, and changing climate patterns. The demand for smart and connected air conditioning systems is also expected to rise, driven by the increasing adoption of IoT and advanced technologies. Moreover, with growing concerns about climate change and environmental impact, there is a shift towards more sustainable options in the market. This has led to the development of eco-friendly refrigerants and energy-efficient air conditioning solutions. The market is also witnessing innovations in design and features, such as portable air conditioners and hybrid systems.

Market Segmentation by Regions

According to Ravi Bhandari, Research Head, 6Wresearch, the APAC region is expected to dominate the global commercial AC market in the coming years. This can be attributed to the increasing demand for air conditioners in countries like China, India, and Japan due to their growing economies and rising population.

Market Segmentation by Products

Based on the products, ductless AC segment is expected to witness significant growth in the global commercial air conditioner (AC) market. This can be attributed to its compact size, energy efficiency, and ease of installation compared to other types of ACs. Moreover, increasing demand for energy-efficient solutions in commercial spaces is also driving the growth of this segment.

Market Segmentation by Application

In terms of applications, the commercial offices & retail segment holds a major share in the market due to the rapid expansion of these sectors globally. The need for a comfortable work environment and rising disposable income are further fueling the demand for ACs in these spaces

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Global Commercial AC Market Overview
• Global Commercial AC Market Outlook
• Global Commercial AC Forecast
• Historical Data of Global Commercial AC Market Revenues for the Period 2020-2030
• Global Commercial AC Market Size and Global Commercial AC Market Forecast of Revenues, Until 2030
• Historical Data of Global Commercial AC Market Revenues, By-Products, for the Period 2020-2030
• Market Size & Forecast of Global Commercial AC Market Revenues, By-Products, until 2030
• Historical Data of Global Commercial AC Market Revenues, By Applications, for the Period 2020-2030
• Market Size & Forecast of Global Commercial AC Market Revenues, By Applications, until 2030
• Historical Data of North America Commercial AC Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of North America Commercial AC Market Revenues, until 2030.
• Historical Data of Latin America Commercial AC Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Latin America Commercial AC Market Revenues, until 2030.
• Historical Data of Europe Commercial AC Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Europe Commercial AC Market Revenues, until 2030.
• Historical Data of APAC Commercial AC Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of APAC Commercial AC Market Revenues, until 2030.
• Historical Data of the Middle East & Africa Commercial AC Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of the Middle East & Africa Commercial AC Market Revenues, until 2030.
• Market Drivers and Restraints
• Global Commercial AC Market Trends and Industry Life Cycle
• Porter's Five Force Analysis
• Market Opportunity Assessment
• Global Commercial AC Market Share, By Regions
• Global Commercial AC Market Share, By Players
• Global Commercial AC Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments

By Products

• Room AC
  • Window
  • Split
• Ducted AC
  • Ceiling Concealed
  • Rooftop Packaged
• Ductless AC
  • Cassette
  • Floor Standing
  • Ceiling Suspended
• Centralized AC
  • VRF
  • AHU/FCU
  • Chiller
  • Condensing Unit
• Others
  • Evaporator Coils
  • Compressors
  • Etc

By Applications

• Commercial Offices & Retail
• Healthcare
• Transportation
• Hospitality & Others (Education And BFSI)

By Regions

• North America
• Latin America
• Europe
• APAC
• Middle East
• Africa