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

Market Forecast 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), By Key Countries and Competitive Landscape

Product Code: ETC000847 Publication Date: Jul 2024 Updated Date: Jul 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

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
Global Commercial Air Conditioner (AC) Market (2024-2030); FAQs
Some of the leading players in the market include Daikin Industries, Gree Electric Appliances Inc., Carrier Corporation, Mitsubishi Electric Corporation, and LG Electronics Inc.
The key factors driving the growth of the market due to urbanization, industrialization, and strict government measures.
The ductless AC product is likely to witness huge market growth.
The key challenges faced by the market are the high cost, lack of proper infrastructure and skilled technicians.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
    2.1 Report Description
    2.2 Key Highlights of The Report
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3. Global Commercial AC Market Overview
    3.1 Global Commercial AC Market Revenues, 2020-2030F
    3.2 Global Commercial AC Market Revenue Share, By Types, 2020 & 2030F
    3.3 Global Commercial AC Market Revenue Share, By Applications, 2020 & 2030F
    3.4 Global Commercial AC Market Revenue Share, By Regions, 2020 & 2030F
    3.5 Global Commercial AC Market Industry Life Cycle
    3.6 Global Commercial AC Market- Porter's Five Forces
4. Global Commercial AC Market Dynamics
    4.1 Impact Analysis
    4.2 Market Drivers
    4.3 Market Restraints
5. Global Commercial AC Market Trends
6. Global Commercial AC Market Overview, By Types
    6.1 Global Room AC Market Revenues, 2020-2030F
          6.1.1 Global Window AC Market Revenues, 2020-2030F
          6.1.2 Global Split AC Market Revenues, 2020-2030F
    6.2 Global Ducted AC Market Revenues, 2020-2030F
          6.2.1 Global Ceiling Concealed AC Market Revenues, 2020-2030F
          6.2.2 Global Rooftop Packaged AC Market Revenues, 2020-2030F
    6.3 Global Ductless AC Market Revenues, 2020-2030F
          6.3.1 Global Cassette Market Revenues, 2020-2030F
          6.3.2 Global Floor Standing Market Revenues, 2020-2030F
          6.3.3 Global Ceiling Suspended Market Revenues, 2020-2030F
    6.4 Global Centralised Market Revenues, 2020-2030F
          6.4.1 Global VRF Market Revenues, 2020-2030F
          6.4.2 Global AHU/FCU Market Revenues, 2020-2030F
          6.4.3 Global Chiller Market Revenues, 2020-2030F
          6.4.4 Global Condensing Unit Market Revenues, 2020-2030F
          6.4.5 Global Others Market Revenues, 2020-2030F
7. Global Commercial AC Market Overview, By Applications
    7.1 Global Commercial Offices & Retail Commercial AC Market Revenues, 2020-2030F 
    7.2 Global Healthcare Commercial AC Market Revenues, 2020-2030F 
    7.3 Global Transportation Commercial AC Market Revenues, 2020-2030F 
    7.4 Global Hospitality Commercial AC Market Revenues, 2020-2030F 
    7.5 Global Other Applications Commercial AC Market Revenues, 2020-2030F 
8. North America Commercial AC Market Overview
    8.1 North America Commercial AC Market Revenues, 2020-2030F 
    8.2 North America Commercial AC Market Revenues, By Types, 2020-2030F
    8.3 North America Commercial AC Market Revenues, By Applications, 2020-2030F
    8.4 North America Commercial AC Market Revenues, By Countries, 2020-2030F
9. Latin America Commercial AC Market Overview
    9.1 Latin America Commercial AC Market Revenues, 2020-2030F 
    9.2 Latin Commercial AC Market Revenues, By Types, 2020-2030F
    9.3 Latin Commercial AC Market Revenues, By Applications, 2020-2030F
    9.4 Latin America Commercial AC Market Revenues, By Countries, 2020-2030F
10. Europe Commercial AC Market Overview
      10.1 Europe Commercial AC Market Revenues, 2020-2030F 
      10.2 Europe Commercial AC Market Revenues, By Types, 2020-2030F
      10.3 Europe Commercial AC Market Revenues, By Applications, 2020-2030F
      10.4 Europe Commercial AC Market Revenues, By Countries, 2020-2030F
11. APAC Commercial AC Market Overview
      11.1 APAC Commercial AC Market Revenues, 2020-2030F 
      11.2 APAC Commercial AC Market Revenues, By Types, 2020-2030F
      11.3 APAC Commercial AC Market Revenues, By Applications, 2020-2030F
      11.4 APAC Commercial AC Market Revenues, By Countries, 2020-2030F
12. The Middle East and Africa Commercial AC Market Overview
      12.1 the Middle East and Africa Commercial AC Market Revenues, 2020-2030F 
      12.2 the Middle East and Africa Commercial AC Market Revenues, By Types, 2020-2030F
      12.3 the Middle East and Africa Commercial AC Market Revenues, By Applications, 2020-2030F
      12.4 the Middle East and Africa Commercial AC Market Revenues, By Countries, 2020-2030F
13. Global Commercial AC Market Opportunity Assessment
      13.1 Global Commercial AC Market Opportunity, By Types, 2030F
      13.2 Global Commercial AC Market Opportunity, By Applications, 2030F
      13.3 Global Commercial AC Market Opportunity Assessment, By Regions, 2030F
14. Global Commercial AC Market Competitive Landscape
      14.1 Global Commercial AC Market Revenue Share, By Companies, 2023
              14.1.1 North America Commercial AC Market Revenue Share, By Companies, 2023
              14.1.2 Latin America Commercial AC Market Revenue Share, By Companies, 2023
              14.1.3 Europe Commercial AC Market Revenue Share, By Companies, 2023
              14.1.4 APAC Commercial AC Market Revenue Share, By Companies, 2023
              14.1.5 the Middle East and Africa Commercial AC Market Revenue Share, By Companies, 2023
      14.2 Global Commercial AC Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
16. Strategic Recommendations
17. Disclaimer
 

Market Forecast 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), By Key Countries and Competitive Landscape

Product Code: ETC000847 Publication Date: Sep 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Latest 2023 Developments of the Global Commercial Air Conditioner Market

Global Commercial Air Conditioner Market has witnessed many developments in recent years, solar power air conditioning by Chromasun converts the sun's energy into efficient air conditioning, which also helps in saving electricity. Ice-Powered by ice energy during the night, ice bear fills with water and freezes it into a block of ice when the electric grid is less burdened. During the day, this ice is used to provide affordable air conditioning to the building without running the air conditioner’s energy-guzzling compressor.

Global Commercial Air Conditioner Market  Synopsis

The penetration of commercial air conditioners has increased rapidly over the last few years globally owing to growing investment in new infrastructural development projects in various countries globally. Further, with the technological advancement in the commercial air conditioner segment, the market is expected to register high growth over the next five years.

According to 6Wresearch, the Global Commercial AC Market size is projected to witness growth during 2019-2025. Further, APAC and Middle East & Africa are the key regions registering maximum installations of Commercial ACs, globally on the back of increasing commercial sector infrastructure projects. Asian countries hold the major share in market revenues owing to the wide availability of manufacturing establishments in the country leading to a wide variety of HVAC solutions available for increasing commercial projects.

In terms of application, Commercial offices and retail and hospitality are expected to dominate the market, on account of an increase in the number of commercial malls and hospitals. On the basis of product, Room AC segment, both window and split have major market share in the Commercial AC market in developing nations of APAC and Africa, due to ease of access and less technical maintenance requirements. Whereas, VFD technology is expected to grow faster during the forecast years.

The Global Commercial AC market report thoroughly covers the market by-products, by-applications, and regions including North America, Latin America, Europe, APAC, and Middle East & Africa. The Global Commercial AC Market outlook report provides an unbiased and detailed analysis of the ongoing Global Commercial AC 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. The global commercial air conditioner market according to the analyst's report steadily grows in the upcoming years.

At the global level, the growing commercial and involved different activities in the project help in the development of the countries and one of the primary growth factors in the air conditioner market. There are many key vendors in the global commercial air conditioner market. The market is a comprehensive analysis and has different types of products such as AHU, chiller, inducted standard split, and rooftops. The rapid increase in economic growth in urbanization increases the construction of hospitals, hotels, malls, and commercial buildings.

The global commercial air conditioner market is anticipated to witness progressive growth during the forecast period 2020-2026F on the back of the growth of commercial offices, hospitality sectors, and transportation sectors. Further, urbanization is expected to be the major driver in the potential growth of the global air conditioner market in the coming years on the back of the changing livelihood of the developed countries towards cities and towns. Additionally, on the basis of region, the middle east commercial air conditioner market is anticipated to register the highest revenues in the overall global commercial air conditioner market owing to rising efforts to deal with changing climatic conditions and would raise the opportunity for the healthy growth of the of global commercial air conditioner market in the coming years.

The global commercial air conditioner market is anticipated to find its true potential in the coming timeframe backed by the increased growth of the hospitality sector with the growing copious investment in the infrastructure development of the hotels and restaurants due to increased tourist influx and foreign delegation and this factor is estimated to proliferate the adoption of commercial air conditioners as a result is expected to leave a positive impact on the market growth of the global commercial air conditioner market in the upcoming six years.

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 2015-2018
• Global Commercial AC Market Size and Global Commercial AC Market Forecast of Revenues, Until 2025
• Historical Data of Global Commercial AC Market Revenues, By-Products, for the Period 2015-2018
• Market Size & Forecast of Global Commercial AC Market Revenues, By-Products, until 2025
• Historical Data of Global Commercial AC Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Commercial AC Market Revenues, By Applications, until 2025
• Historical Data of North America Commercial AC Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of North America Commercial AC Market Revenues, until 2025.
• Historical Data of Latin America Commercial AC Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Latin America Commercial AC Market Revenues, until 2025.
• Historical Data of Europe Commercial AC Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Europe Commercial AC Market Revenues, until 2025.
• Historical Data of APAC Commercial AC Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of APAC Commercial AC Market Revenues, until 2025.
• Historical Data of the Middle East & Africa Commercial AC Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of the Middle East & Africa Commercial AC Market Revenues, until 2025.
• 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 Global Commercial AC Market report provides a detailed analysis of the following market segments:

• By-Products:

    o Room AC
          ? Window
          ? Split
    o Ducted AC
          ? Ceiling Concealed
          ? Rooftop Packaged
    o Ductless AC
          ? Cassette
          ? Floor Standing
          ? Ceiling Suspended
    o 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
  • The Middle East and Africa

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