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    Air Conditioners Market

    Air Conditioners Market Size, Share, Forecast, & Trends by Type (Window ACs, Split ACs, VRF, Centralized/Ducted ACs, Portable ACs), Tonnage, Technology (Inverter & Non-Inverter), Rating, End User (Residential, Commercial, Industrial), and Geography - Global Forecast to 2032

    Report ID:MRSE - 104700 Pages: 310 Apr-2025 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 48 Hours

    The Air Conditioners Market was valued at $172.8 billion in 2024. This market is expected to reach $276.7 billion by 2032 from an estimated $183.2 billion in 2025, at a CAGR of 6.1% during the forecast period from 2025 to 2032.

    Air Conditioners Market Size & Forecast

    Based on volume, the air conditioners market is projected to reach 1071.5 million units by 2032, at a CAGR of 7% during the forecast period.

    This market's growth is fueled by escalating global temperatures and humidity levels, increasing consumer preference for convenience and comfort, and a rising demand for energy-efficient air conditioners. Additionally, the growing adoption of air conditioners featuring inverter and air purification technologies, coupled with advancements in HVAC systems, is generating significant opportunities for market players.

    Air Conditioners Market Growth Drivers

    Increasing Consumer Preference for Convenience and Comfort

    In today’s fast-paced, urbanized lifestyle, consumers are placing a higher premium on comfort, ease of use, and enhanced living experiences. This behavioral shift is significantly influencing the demand for air conditioners across residential, commercial, and even industrial sectors.

    As temperatures rise due to climate change and urban heat island effects, maintaining optimal indoor environments has become a necessity rather than a luxury. Air conditioners are no longer seen as seasonal products—they’re now essential year-round solutions for personal comfort, productivity, and health.

    Additionally, modern consumers expect smart, intuitive features that simplify their lives. This has led to growing demand for AC units with:

    • Remote operation via mobile apps or voice control
    • Programmable timers and smart scheduling
    • Self-cleaning functions
    • Energy-saving and eco-friendly modes

    These features align with the broader trend of home automation and IoT integration, where convenience is a key value proposition.

    Furthermore, rising disposable incomes and expanding middle-class populations—especially in emerging markets—are enabling more consumers to invest in premium, comfort-enhancing appliances like air conditioners. They are willing to pay more for silent operation, aesthetic design, and air purification capabilities, reflecting a shift from basic functionality to lifestyle enhancement.

    Thus, the growing preference for hassle-free living, comfort optimization, and smart home integration is a strong driver of air conditioner market growth, pushing manufacturers to innovate and personalize offerings to meet evolving consumer expectations.

    Rising Demand for Energy-efficient Air Conditioners

    Air conditioners are highly energy-intensive, and high AC loads exacerbate power consumption, placing additional pressure on power generation and distribution infrastructure. Consequently, there is a growing demand for energy-efficient air conditioning systems.

    To address this need, market players are partnering with public sector organizations to offer energy-efficient solutions. For example, in August 2022, Carrier Global Corporation (U.S.) teamed up with Gallipolis City School District (U.S.) to design and install a multi-building HVAC system aimed at improving indoor air quality (IAQ) and enhancing energy efficiency. By 2050, the average energy efficiency of air conditioners is projected to more than double. According to estimates from the European Union (EU) and Japan, global energy demand from air conditioners is anticipated to triple by 2050, necessitating new electricity capacity equivalent to the combined electricity capacity of the United States. The global stock of air conditioners in buildings is expected to rise to 5.13 billion by 2050, up from 1.6 billion in 2022, translating to the sale of 10 new AC units every second for the next 30 years. This increasing demand for energy-efficient air conditioners is driving the growth of the global air conditioning market, as it aims to reduce energy costs and alleviate the strain on energy infrastructure.

    Air Conditioners Market Growth Opportunity

    Expansion into Emerging Markets

    According to India's National Statistical Office (NSO), household ownership of air conditioners in urban areas increased from 8% in 2018 to 15% in 2023, with the Ministry of Commerce projecting the market to reach $15 billion by 2030 under the Production-Linked Incentive (PLI) scheme for appliance manufacturing. The India Meteorological Department (IMD) reports that heatwave frequency has increased by 30% over the past decade, directly correlating with a 40% year-on-year surge in AC sales in 2023, as per the Department for Promotion of Industry and Internal Trade (DPIIT).

    In Southeast Asia, Indonesia's Central Statistics Agency (BPS) confirms that AC penetration in urban households nearly doubled from 15% to 29% between 2015-2023, while Thailand's Board of Investment reports 22% growth in AC manufacturing FDI in 2023, targeting export markets. The Philippines' Department of Energy notes that cooling accounts for 35% of peak electricity demand, prompting government incentives for energy-efficient AC adoption.

    Africa represents the next frontier, with Nigeria's National Bureau of Statistics (NBS) reporting 17% annual growth in AC imports since 2020, concentrated in Lagos where middle-class households now represent 23% of the population. South Africa's Department of Mineral Resources and Energy highlights 31% CAGR growth in solar-powered AC installations since 2020 under its Renewable Energy Master Plan. Egypt's CAPMAS data shows residential AC ownership in Greater Cairo doubled from 2015-2022, supported by subsidy programs for inverter models.

    These trends demonstrate how climate adaptation needs, urbanization (55% of emerging market populations now urban, per UN-Habitat), and policy support are converging to create a $50 billion+ annual opportunity by 2030. Strategic priorities include localized manufacturing (India's PLI scheme has attracted ₹6,000 crore in AC investments), off-grid solar cooling (backed by African government renewable plans), and tier-2 city penetration (India's non-metro AC sales grew 2x faster than metros in 2023 per NSO). Stakeholders aligning with these documented demand drivers can secure first-mover advantage in the world's fastest-growing cooling markets.

    Rising Adoption of Air Conditioners Equipped With Inverter and Air Purification Technologies

    Inverter technology represents a recent advancement in air conditioning systems. This technology regulates the speed of the compressor motor through an inverter, enabling precise temperature control. The ability to adjust the compressor motor's speed allows the unit to maintain a consistent temperature without the need to frequently switch the motor on and off. As a result, inverter air conditioners are considerably more energy-efficient compared to non-inverter models. By operating the compressor at variable speeds rather than full capacity, inverter air conditioners significantly lower energy consumption and associated costs.

    Moreover, increasing concerns about air quality and its serious health implications have prompted key market players to enhance their product offerings. For example, in September 2022, Shark (U.S.) introduced two new air-cleaning innovations that integrate heating and cooling functions, providing customers with both safety and comfort.

    These air purifiers consistently provide clean air at the optimal temperature. Additionally, in March 2022, Voltas (India) introduced an air conditioner featuring HEPA Filter technology. This product offers a unique value proposition of 'Pure & Flexible Air Conditioning,' incorporating a HEPA Filter, a PM 1.0 Sensor, and an AQI Indicator to enhance indoor air quality. Consequently, the increasing adoption of air conditioners with inverter and air purification technologies is anticipated to generate significant growth opportunities for players in the air conditioners market.

    Air Conditioners Market Growth Trends

    Connected Air Conditioners

    Connected air conditioners have emerged as a significant trend in the air conditioning market. These systems allow users to control the temperature remotely via a smartphone or tablet, thanks to their internet connectivity. They also feature automatic settings restoration after a restart, which saves time and effort while helping to prevent system malfunctions due to voltage fluctuations. Furthermore, smart air conditioners contribute to reduced energy costs by enabling precise temperature customization and automatically adjusting their output once the desired temperature is achieved.

    Smart air conditioners also have a lower carbon footprint compared to conventional models, making them more environmentally friendly. Additionally, market players are concentrating on launching air conditioners with enhanced connectivity and features. For example, in March 2021, Johnson Controls-Hitachi Air Conditioning India Ltd. (India) unveiled its new-generation room air conditioners. The company introduced the airCloud Home app for its Wi-Fi-enabled ACs, which includes advanced features such as smart geo-fencing and voice command capabilities. As a result, the trend of connected air conditioners is gaining significant traction in the market.

    Air Conditioners Market Analysis: Key Findings

    The Split ACs Segment to Dominate the Air Conditioners Market in 2025

    Based on type, the air conditioners market is segmented into window ACs, split ACs, VRF (Variable Refrigerant Flow) systems, centralized/ducted ACs, and portable ACs. In 2025, the split ACs segment is expected to account for the largest share of over 56.0% of this market. This segment's substantial market share can be attributed to the rising demand for energy-efficient and low-noise air conditioners. Additionally, the growing focus of key market players on delivering high-quality air conditioners and introducing innovative split AC models has further contributed to this market dominance. However, the centralized/ducted AC segment is expected to register the highest CAGR during the forecast period.

    The Up to 2 Ton Segment to Dominate the Air Conditioners Market in 2025

    Based on tonnage, the air conditioners market is segmented into up to 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton. In 2025, the up to 2 ton segment is expected to account for the largest share of over 66.0% of this market. The segment's major market share is driven by the growing demand for customizable air conditioners for small homes and office spaces and the increasing need for 2-ton air conditioners in emerging economies such as Japan, China, and India. However, the 2 ton to 5 segment is estimated to record the highest CAGR during the forecast period.

    The Smart ACs Segment to Witness Rapid Growth in the Air Conditioners Market during the Forecast Period

    Based on technology, the air conditioners market is segmented into traditional ACs and smart ACs. In 2025, the traditional ACs segment is expected to account for the larger share of this market. The segment’s substantial market share can be attributed to their lower upfront cost, widespread availability, and consumer familiarity with basic cooling technology.

    However, smart ACs are witnessing rapid growth, particularly in urban, high-income, and tech-savvy markets. The surge in smart AC adoption is driven by rising energy efficiency demands, government regulations (like BEE star ratings), and the increasing integration of smart home ecosystems (Google Home, Alexa). Additionally, consumers are willing to pay a premium for features like remote control, AI-based cooling, and long-term cost savings through reduced electricity bills. While traditional ACs still lead in volume, the smart AC segment is expanding faster due to urbanization, rising disposable incomes, and environmental awareness, making it the future growth engine of the industry.

    The Residential End Users Segment to Dominate the Air Conditioners Market in 2025

    Based on end user, the air conditioners market is segmented into residential end users, commercial end users, and industrial end users. In 2025, the residential end users segment is expected to account for the largest share of over 80.5% of this market. The segment’s large market share can be attributed to the growing acceptance of smart home technology, the increasing trend among developers to offer air-conditioned apartments, and the rising need to enhance indoor air quality.

    Urbanization patterns play a crucial role, as growing middle-class populations in developing nations increasingly migrate to cities where apartment living and smaller spaces require compact cooling solutions. The improvement in living standards worldwide enables more households to afford what was once considered a premium appliance. Additionally, changing housing architecture with better insulation and smaller rooms makes residential spaces more conducive to air conditioning use.

    The residential segment also benefits from replacement cycles and technological upgrades, as consumers periodically swap older units for more energy-efficient models to reduce electricity costs. Government initiatives in many countries, including subsidies for energy-efficient models and tax incentives, further stimulate household adoption. Unlike commercial applications where cooling systems are often built into infrastructure, residential demand creates a continuous market for standalone units across various price points.

    Geographical Analysis

    In 2025, Asia-Pacific is expected to account for the largest share of over 48.0% of the air conditioners market. APAC’s large market share is attributed to several factors: key players' increased focus on launching innovative air conditioning systems, a growing emphasis on energy-efficient cooling solutions, expanding construction and development activities, rising demand for air conditioning driven by climate change, availability of cost-effective financing options for purchasing air conditioners, increasing need for space cooling, and rising income levels in the region. Moreover, the Asia-Pacific region is poised to record the highest CAGR during the forecast period.

    Furthermore, the Middle East and Africa represent a high-potential air conditioner market driven by unique climatic and socioeconomic factors. In the Gulf region, extreme summer temperatures routinely surpassing 50°C create non-discretionary demand for cooling solutions, particularly in rapidly developing urban centers. Governments are implementing ambitious construction programs alongside sustainability initiatives, creating opportunities for both conventional and energy-efficient systems.

    Across Africa, rapid urbanization and improving living standards are driving first-time AC adoption, particularly in major economic hubs. The continent's limited electrical infrastructure is simultaneously fostering innovation in alternative cooling solutions, including solar-powered and hybrid systems. Market growth is further supported by increasing commercial sector demand from hotels, offices, and retail spaces in developing business districts.

    The region presents distinct product requirements, with durability in harsh climates and energy efficiency becoming key purchasing factors. Manufacturers able to offer solutions tailored to local conditions - including high-temperature performance and power fluctuation resilience - stand to benefit significantly. Service models and financing solutions are also emerging as critical enablers for broader market penetration across income segments.

    Air Conditioners Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of the key players operating in the air conditioners market are Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Voltas Limited (India), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Electrolux (Sweden), Gree Electric Appliances Inc. (China), Midea Group Co. Ltd (China), American Standard Companies Inc. (U.S.) and among others.

    Air Conditioners Industry Overview: Latest Developments from Key Industry Players

    • In March 2025, Japanese conglomerate Sharp Corporation, through its wholly-owned subsidiary Sharp Business Systems (India), on Tuesday announced its re-entry into the Indian air-conditioner market. The company made a comeback in the Indian AC Industry, which is growing in double digits, with the launch of Reiryou, Seiryo & Plasma Chill Series.
    • in January 2025, Samsung India launched its 2025 lineup of BESPOKE AI WindFree™ Air conditioners, a fusion of cutting-edge AI technology and premium design.
    • In April 2024, Mitsubishi Heavy Industries (Japan) Thermal Systems commenced mass production of its KXZ3 series of commercial multi-split air conditioners for global markets. The new series is scheduled to debut in the European market this summer, with subsequent launches planned for Australia, New Zealand, and Turkey.
    • In March 2024, Blue Star Ltd (India) introduced a new comprehensive range of room air conditioners, featuring both a 'best-in-class affordable' range and a 'flagship premium' range. The company launched over 100 models, encompassing inverter, fixed-speed, and window ACs across various price points to address the needs of every consumer segment.
    • In March 2023, LG Electronics, a leading consumer durable and air conditioner manufacturer in India, launched its new 2023 range of DUALCOOL Inverter air conditioners as part of its AI+, health, and hygiene portfolio. The latest range includes air conditioners equipped with features such as AI+, Plasmaster Ionizer++, hot and cold functionality, and LG ThinQ (Wi-Fi-enabled) technology, which allows for touch-free operation through voice commands.

    Air Conditioners Market Research Summary

    Particulars

    Details

    Number of Pages

    310

    Format

    PDF

    Forecast Period

    2025–2032

    Base Year

    2032

    CAGR

    6.1%

    Market Size (Value) in 2025

    USD 183.2 billion

    Market Size (Value) in 2032

    USD 276.7 billion

    Market Size (Volume) in 2032

    1071.5 million units

    Segments Covered

    By Type                                

    • Split ACs
    • Window ACs
    • Centralized/Ducted ACs
    • VRF (Variable Refrigerant Flow) Systems
    • Portable Air Conditioners

    By Tonnage                      

    • Up to 2 Tons
    • 2 Tons to 5 Tons
    • 5 Tons to 10 Tons
    • More than 10 Tons

    By Technology                                

    • Inverter ACs
    • Non-inverter Acs

    By Rating                           

    • 1 Star ACs
    • 2 Star ACs
    • 3 Star ACs
    • 4 Star ACs
    • 5 Star Acs

    By End User    

    • Residential End Users
    • Commercial End Users
    • Industrial End Users

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Sweden, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, South Korea, Singapore, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa)

    Key Companies

    Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Voltas Limited (India), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Electrolux (Sweden), Gree Electric Appliances Inc. (China), Midea Group Co. Ltd (China), and American Standard Companies Inc. (U.S.)

    Key questions answered in the air conditioners Market Report:

    The air conditioners market study focuses on the market assessment and opportunity analysis through the sales of air conditioners across different regions and countries across different market segmentation; this study is also focused on competitive analysis for air conditioners based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies.

    The air conditioners market is projected to reach $276.1 billion by 2032, at a CAGR of 6.1% during the forecast period.

    Based on type, the split ACs segment is expected to account for the largest share of the air conditioners market.

    Based on tonnage, the up to 2 ton segment is expected to account for the largest share of the air conditioners market.

    Based on technology, the traditional ACs segment is expected to account for the largest share of the air conditioners market.

    Based on rating, the 3-star ACs segment is expected to account for the largest share of the air conditioners market.

    Based on end user, the residential end users segment is expected to account for the largest share of the air conditioners market.

    The growth of this market is driven by soaring temperatures & humidity levels across the world, consumers’ growing inclination toward convenience & comfort, and the rising demand for energy-efficient air conditioners. In addition, the rising adoption of air conditioners with inverter & air purification technologies and technological advancements in HVAC systems are creating growth opportunities for the players operating in this market.

    The key players operating in the air conditioners market are Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Voltas Limited (India), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Electrolux (Sweden), Gree Electric Appliances Inc. (China), Midea Group Co. Ltd (China), American Standard Companies Inc. (U.S.) and among others.

    Asia-Pacific is projected to register the highest growth rate over the coming years.

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    Related Tag: Air Conditioners Market Smart Air Conditioners HVAC Systems Energy Efficient Cooling Residential Air Conditioning Commercial AC Units
    Miscellaneous / Others
    Semiconductor and Electronics

    1.  Introduction  
       1.1.  Market Definition  
       1.2.  Currency & Limitations  
          1.2.1.  Currency  
          1.2.2.  Limitations  
    2.  Research Methodology  
       2.1.  Research Approach  
       2.2.  Process of Data Collection and Validation  
          2.2.1.  Secondary Research  
          2.2.2.  Primary Research / Interviews with Key Opinion Leaders from the Industry  
       2.3.  Market Sizing and Forecast  
          2.3.1.  Market Estimation Approach  
          2.3.2.  Growth Forecast Approach  
       2.4.  Assumption for the Study  
    3.  Executive Summary  
       3.1.  Market Overview  
       3.2.  Market Analysis, by Type  
       3.3.  Market Analysis, by Tonnage  
       3.4.  Market Analysis, by Technology  
       3.5.  Market Analysis, by Rating  
       3.6.  Market Analysis, by End User  
       3.7.  Market Analysis, by Geography  
       3.8.  Competitive Analysis  
    4.  Market Insights  
       4.1.  Overview  
       4.2.  Factors Affecting Market Growth  
          4.2.1.  Drivers  
             4.2.1.1.  Soaring Temperatures & Humidity Levels across The World  
             4.2.1.2.  Consumers’ Growing Inclination toward Convenience & Comfort  
             4.2.1.3.  Rising Demand for Energy-Efficient Air Conditioners  
          4.2.2.  Restraints  
             4.2.2.1.  High Costs of Air Conditioners  
          4.2.3.  Opportunities  
             4.2.3.1.  Rising Adoption of Air Conditioners With Inverter & Air Purification Technologies  
             4.2.3.2.  Technological Advancements in HVAC Systems  
          4.2.4.  Challenges  
             4.2.4.1.  Air Conditioners’ High Energy Use  
       4.3.  Trends  
          4.3.1.  Technology Trends  
             4.3.1.1.  Connected Air Conditioners  
          4.3.2.  Market Trends  
             4.3.2.1.  Solar Photovoltaic (PV) & Solar Thermal-assisted Air Conditioning Systems  
       4.4.  Vendor Selection Criteria/Factors Affecting Buying Decision  
       4.5.  Consumer Buying Behavior Analysis  
       4.6.  Porter's Five Forces Analysis  
       4.7.  Value Chain Analysis  
    5.  Air Conditioners Market Assessment—by Type  
       5.1.  Overview  
       5.2.  Split ACs  
       5.3.  Window ACs  
       5.4.  Centralized/Ducted ACs  
       5.5.  VRF (Variable Refrigerant Flow) Systems  
       5.6.  Portable Air Conditioners  
    6.  Air Conditioners Market Assessment—by Tonnage  
       6.1.  Overview  
       6.2.  Up to 2 Ton  
       6.3.  2 Ton to 5 Ton  
       6.4.  5 Ton to 10 Ton  
       6.5.  More than 10 Ton  
    7.  Air Conditioners Market Assessment—by Technology  
       7.1.  Overview  
       7.2.  Smart ACs  
       7.3.  Traditional ACs  
    8.  Air Conditioners Market Assessment—by Rating  
       8.1.  Overview  
       8.2.  3 Star ACs  
       8.3.  5 Star ACs  
       8.4.  2 Star ACs  
       8.5.  1 Star ACs  
       8.6.  4 Star ACs  
    9.  Air Conditioners Market Assessment—by End User  
       9.1.  Overview  
       9.2.  Residential End Users  
       9.3.  Commercial End Users  
       9.4.  Industrial End Users  
    10.  Air Conditioners Market Assessment—by Geography  
       10.1.  North America  
          10.1.1.  U.S.  
          10.1.2.  Canada  
       10.2.  Europe  
          10.2.1.  Germany  
          10.2.2.  U.K.  
          10.2.3.  France  
          10.2.4.  Italy  
          10.2.5.  Spain  
          10.2.6.  Sweden  
          10.2.7.  Belgium  
          10.2.8.  Switzerland  
          10.2.9.  Rest of Europe  
       10.3.  Asia-Pacific  
          10.3.1.  Japan  
          10.3.2.  China  
          10.3.3.  India  
          10.3.4.  South Korea  
          10.3.5.  Singapore  
          10.3.6.  Indonesia  
          10.3.7.  Rest of Asia-Pacific  
       10.4.  Latin America  
          10.4.1.  Mexico  
          10.4.2.  Brazil  
          10.4.3.  Rest of Latin America  
       10.5.  Middle East & Africa  
          10.5.1.  UAE  
          10.5.2.  Saudi Arabia  
          10.5.3.  South Africa  
          10.5.4.  Rest of Middle East & Africa  
    11.  Competition Analysis  
       11.1.  Overview  
       11.2.  Key Growth Strategies  
       11.3.  Competitive Benchmarking  
       11.4.  Competitive Dashboard  
          11.4.1.  Industry Leaders  
          11.4.2.  Market Differentiators  
          11.4.3.  Vanguards  
          11.4.4.  Emerging Companies  
       11.5.  Market Ranking, by Key Players  
    12.  Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)  
       12.1.  Daikin Industries, Ltd.  
       12.2.  Mitsubishi Electric Corporation  
       12.3.  Hitachi-Johnson Controls Air Conditioning  
       12.4.  Carrier Global Corporation  
       12.5.  Whirlpool Corporation  
       12.6.  Haier Smart Home Co. Ltd.  
       12.7.  LG Electronics  
       12.8.  Voltas Limited  
       12.9.  Panasonic Corporation  
       12.10.  Robert Bosch GmbH  
       12.11.  Samsung Electronics Co., Ltd.  
       12.12.  Fujitsu Limited  
       12.13.  Blue Star Ltd  
       12.14.  Toshiba Corporation  
       12.15.  Electrolux  
       12.16.  Gree Electric Appliances Inc.  
       12.17.  Midea Group Co. Ltd  
       12.18.  American Standard Companies Inc.  
                 (Note: SWOT analysis of the top 5 companies will be provided)  
    13.  Appendix  
       13.1.  Available Customizations  
       13.2.  Related Reports  

    List of Tables
    Table 1    Currency Conversion Rate, 2021–2025
    Table 2    Global Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 3    Global Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 4    Global Air Conditioners Market for Split ACs, by Country/Region, 2023–2032 (USD Million)
    Table 5    Global Air Conditioners Market for Split ACs, by Country/Region, 2023–2032 (Units)
    Table 6    Global Air Conditioners Market for Window ACs, by Country/Region, 2023–2032 (USD Million)
    Table 7    Global Air Conditioners Market for Window ACs, by Country/Region, 2023–2032 (Units)
    Table 8    Global Air Conditioners Market for Centralized/Ducted ACs, by Country/Region, 2023–2032 (USD Million)
    Table 9    Global Air Conditioners Market for Centralized/Ducted ACs, by Country/Region, 2023–2032 (Units)
    Table 10    Global Air Conditioners Market for VRF (Variable Refrigerant Flow) Systems, by Country/Region, 2023–2032 (USD Million)
    Table 11    Global Air Conditioners Market for VRF (Variable Refrigerant Flow) Systems, by Country/Region, 2023–2032 (Units)
    Table 12    Global Air Conditioners Market for Portable Air Conditioner Types, by Country/Region, 2023–2032 (USD Million)
    Table 13    Global Air Conditioner Market for Portable Air Conditioner Types, by Country/Region, 2023–2032 (Units)
    Table 14    Global Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 15    Global Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 16    Global Up to 2 Ton Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 17    Global Up to 2 Ton Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 18    Global 2 Ton to 5 Ton Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 19    Global 2 Ton to 5 Ton Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 20    Global 5 Ton to 10 Ton Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 21    Global 5 Ton to 10 Ton Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 22    Global more than 10 Ton Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 23    Global more than 10 Ton Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 24    Global Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 25    Global Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 26    Global Smart Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 27    Global Smart Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 28    Global Traditional Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 29    Global Traditional Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 30    Global Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 31    Global Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 32    Global Air Conditioners Market for 3 Star ACs, by Country/Region, 2023–2032 (USD Million)
    Table 33    Global Air Conditioners Market for 3 Star ACs, by Country/Region, 2023–2032 (Units)
    Table 34    Global Air Conditioners Market for 5 Star ACs, by Country/Region, 2023–2032 (USD Million)
    Table 35    Global Air Conditioners Market for 5 Star ACs, by Country/Region, 2023–2032 (Units)
    Table 36    Global Air Conditioners Market for 2 Star ACs, by Country/Region, 2023–2032 (USD Million)
    Table 37    Global Air Conditioners Market for 2 Star ACs, by Country/Region, 2023–2032 (Units)
    Table 38    Global Air Conditioners Market for 1 Star ACs, by Country/Region, 2023–2032 (USD Million)
    Table 39    Global Air Conditioners Market for 1 Star ACs, by Country/Region, 2023–2032 (Units)
    Table 40    Global Air Conditioners Market for 4 Star ACs, by Country/Region, 2023–2032 (USD Million)
    Table 41    Global Air Conditioners Market for 4 Star ACs, by Country/Region, 2023–2032 (Units)
    Table 42    Global Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 43    Global Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 44    Global Air Conditioners Market for Residential End Users, by Country/Region, 2023–2032 (USD Million)
    Table 45    Global Air Conditioners Market for Residential End Users, by Country/Region, 2023–2032 (Units)
    Table 46    Global Air Conditioners Market for Commercial End Users, by Country/Region, 2023–2032 (USD Million)
    Table 47    Global Air Conditioners Market for Commercial End Users, by Country/Region, 2023–2032 (Units)
    Table 48    Global Air Conditioners Market for Industrial End Users, by Country/Region, 2023–2032 (USD Million)
    Table 49    Global Air Conditioners Market for Industrial End Users, by Country/Region, 2023–2032 (Units)
    Table 50    Global Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 51    Global Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 52    Asia-Pacific: Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 53    Asia-Pacific: Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 54    Asia-Pacific: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 55    Asia-Pacific: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 56    Asia-Pacific: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 57    Asia-Pacific: Air Conditioners Market, by Tonnage, 2023–2032 (Units    
    Table 58    Asia-Pacific: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 59    Asia-Pacific: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 60    Asia-Pacific: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 61    Asia-Pacific: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 62    Asia-Pacific: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 63    Asia-Pacific: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 64    China: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 65    China: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 66    China: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 67    China: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 68    China: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 69    China: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 70    China: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 71    China: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 72    China: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 73    China: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 74    Japan: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 75    Japan: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 76    Japan: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 77    Japan: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 78    Japan: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 79    Japan: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 80    Japan: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 81    Japan: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 82    Japan: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 83    Japan: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 84    India: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 85    India: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 86    India: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 87    India: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 88    India: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 89    India: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 90    India: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 91    India: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 92    India: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 93    India: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 94    Indonesia: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 95    Indonesia: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 96    Indonesia: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 97    Indonesia: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 98    Indonesia: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 99    Indonesia: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 100    Indonesia: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 101    Indonesia: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 102    Indonesia: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 103    Indonesia: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 104    South Korea: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 105    South Korea: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 106    South Korea: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 107    South Korea: Air Conditioners Market, by Tonnage, 2023–2032 (Units    
    Table 108    South Korea: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 109    South Korea: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 110    South Korea: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 111    South Korea: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 112    South Korea: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 113    South Korea: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 114    Singapore: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 115    Singapore: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 116    Singapore: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 117    Singapore: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 118    Singapore: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 119    Singapore: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 120    Singapore: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 121    Singapore: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 122    Singapore: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 123    Singapore: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 124    Rest of Asia-Pacific: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 125    Rest of Asia-Pacific: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 126    Rest of Asia-Pacific: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 127    Rest of Asia-Pacific: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 128    Rest of Asia-Pacific: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 129    Rest of Asia-Pacific: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 130    Rest of Asia-Pacific: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 131    Rest of Asia-Pacific: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 132    Rest of Asia-Pacific: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 133    Rest of Asia-Pacific: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 134    North America: Air Conditioners Market, by Country, 2023–2032 (USD Million)
    Table 135    North America: Air Conditioners Market, by Country, 2023–2032 (Units)
    Table 136    North America: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 137    North America: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 138    North America: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million
    Table 139    North America: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 140    North America: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 141    North America: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 142    North America: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 143    North America: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 144    North America: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 145    North America: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 146    U.S.: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 147    U.S.: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 148    U.S.: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 149    U.S.: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 150    U.S.: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 151    U.S.: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 152    U.S.: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 153    U.S.: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 154    U.S.: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 155    U.S.: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 156    Canada: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 157    Canada: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 158    Canada: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 159    Canada: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 160    Canada: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 161    Canada: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 162    Canada: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 163    Canada: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 164    Canada: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 165    Canada: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 166    Europe: Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 167    Europe: Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 168    Europe: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 169    Europe: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 170    Europe: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 171    Europe: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 172    Europe: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 173    Europe: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 174    Europe: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 175    Europe: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 176    Europe: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 177    Europe: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 178    Italy: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 179    Italy: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 180    Italy: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 181    Italy: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 182    Italy: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 183    Italy: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 184    Italy: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 185    Italy: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 186    Italy: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 187    Italy: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 188    Spain: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 189    Spain: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 190    Spain: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 191    Spain: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 192    Spain: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 193    Spain: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 194    Spain: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 195    Spain: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 196    Spain: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 197    Spain: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 198    France: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 199    France: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 200    France: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 201    France: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 202    France: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 203    France: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 204    France: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 205    France: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 206    France: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 207    France: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 208    Germany: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 209    Germany: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 210    Germany: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 211    Germany: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 212    Germany: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 213    Germany: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 214    Germany: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 215    Germany: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 216    Germany: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 217    Germany: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 218    U.K.: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 219    U.K.: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 220    U.K.: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 221    U.K.: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 222    U.K.: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 223    U.K.: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 224    U.K.: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 225    U.K.: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 226    U.K.: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 227    U.K.: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 228    Belgium: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 229    Belgium: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 230    Belgium: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 231    Belgium: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 232    Belgium: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 233    Belgium: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 234    Belgium: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 235    Belgium: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 236    Belgium: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 237    Belgium: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 238    Switzerland: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 239    Switzerland: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 240    Switzerland: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 241    Switzerland: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 242    Switzerland: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 243    Switzerland: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 244    Switzerland: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 245    Switzerland: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 246    Switzerland: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 247    Switzerland: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 248    Sweden: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 249    Sweden: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 250    Sweden: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 251    Sweden: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 252    Sweden: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 253    Sweden: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 254    Sweden: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 255    Sweden: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 256    Sweden: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 257    Sweden: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 258    Rest of Europe: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 259    Rest of Europe: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 260    Rest of Europe: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 261    Rest of Europe: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 262    Rest of Europe: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 263    Rest of Europe Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 264    Rest of Europe: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 265    Rest of Europe: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 266    Rest of Europe: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 267    Rest of Europe: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 268    Latin America: Air Conditioners Market, by Country/Region, 2023–2032 (USD Million)
    Table 269    Latin America: Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 270    Latin America: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 271    Latin America: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 272    Latin America: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million    
    Table 273    Latin America: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 274    Latin America: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 275    Latin America: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 276    Latin America: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 277    Latin America: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 278    Latin America: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 279    Latin America: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 280    Brazil: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 281    Brazil: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 282    Brazil: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 283    Brazil: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 284    Brazil: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 285    Brazil: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 286    Brazil: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 287    Brazil: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 288    Brazil: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 289    Brazil: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 290    Mexico: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 291    Mexico: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 292    Mexico: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 293    Mexico: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 294    Mexico: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 295    Mexico: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 296    Mexico: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 297    Mexico: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 298    Mexico: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 299    Mexico: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 300    Rest of Latin America: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 301    Rest of Latin America: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 302    Rest of Latin America: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 303    Rest of Latin America: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 304    Rest of Latin America: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 305    Rest of Latin America: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 306    Rest of Latin America: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 307    Rest of Latin America: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 308    Rest of Latin America: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 309    Rest of Latin America: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 310    Middle East & Africa: Air Conditioners Market, by Country/Region, 2023–2032 
    Table 311    Middle East & Africa: Air Conditioners Market, by Country/Region, 2023–2032 (Units)
    Table 312    Middle East & Africa: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 313    Middle East & Africa: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 314    Middle East & Africa: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 315    Middle East & Africa: Air Conditioners Market, by Tonnage, 2023–2032 (Units    
    Table 316    Middle East & Africa: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 317    Middle East & Africa: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 318    Middle East & Africa: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 319    Middle East & Africa: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 320    Middle East & Africa: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 321    Middle East & Africa: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 322    Saudi Arabia: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 323    Saudi Arabia: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 324    Saudi Arabia: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 325    Saudi Arabia: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 326    Saudi Arabia: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 327    Saudi Arabia: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 328    Saudi Arabia: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 329    Saudi Arabia: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 330    Saudi Arabia: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 331    Saudi Arabia: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 332    UAE: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 333    UAE: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 334    UAE: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 335    UAE: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 336    UAE: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 337    UAE: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 338    UAE: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 339    UAE: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 340    UAE: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 341    UAE: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 342    South Africa: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 343    South Africa: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 344    South Africa: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 345    South Africa: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 346    South Africa: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 347    South Africa: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 348    South Africa: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 349    South Africa: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 350    South Africa: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 351    South Africa: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 352    Rest of Middle East & Africa: Air Conditioners Market, by Type, 2023–2032 (USD Million)
    Table 353    Rest of Middle East & Africa: Air Conditioners Market, by Type, 2023–2032 (Units)
    Table 354    Rest of Middle East & Africa: Air Conditioners Market, by Tonnage, 2023–2032 (USD Million)
    Table 355    Rest of Middle East & Africa: Air Conditioners Market, by Tonnage, 2023–2032 (Units)
    Table 356    Rest of Middle East & Africa: Air Conditioners Market, by Technology, 2023–2032 (USD Million)
    Table 357    Rest of Middle East & Africa: Air Conditioners Market, by Technology, 2023–2032 (Units)
    Table 358    Rest of Middle East & Africa: Air Conditioners Market, by Rating, 2023–2032 (USD Million)
    Table 359    Rest of Middle East & Africa: Air Conditioners Market, by Rating, 2023–2032 (Units)
    Table 360    Rest of Middle East & Africa: Air Conditioners Market, by End User, 2023–2032 (USD Million)
    Table 361    Rest of Middle East & Africa: Air Conditioners Market, by End User, 2023–2032 (Units)
    Table 362    Recent Developments by Major Market Players (2022–2025)

    List of Figures
    Figure 1    Research Process    
    Figure 2    Secondary Sources Referenced for this Study    
    Figure 3    Primary Research Techniques    
    Figure 4    Key Executives Interviewed    
    Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)    
    Figure 6    Market Sizing and Growth Forecast Approach    
    Figure 7    Key Insights    
    Figure 8    Global Air Conditioners Market, by Type, 2025 Vs. 2032 (USD Million)
    Figure 9    Global Air Conditioners Market, by Tonnage, 2025 Vs. 2032 (USD Million)
    Figure 10    Global Air Conditioners Market, by Technology, 2025 Vs. 2032 (USD Million)
    Figure 11    Global Air Conditioners Market, by Rating, 2025 Vs. 2032 (USD Million)
    Figure 12    Global Air Conditioners Market, by End User, 2025 Vs. 2032 (USD Million)
    Figure 13    Geographic Snapshot: Air Conditioners Market
    Figure 14    Impact Analysis of Market Drivers, Restraints, Opportunities, and Challenges    
    Figure 15    Global Air Conditioners Market, by Type, 2025 Vs. 2032 (USD Million)
    Figure 16    Global Air Conditioners Market, by Tonnage, 2025 Vs. 2032 (USD Million)
    Figure 17    Global Air Conditioners Market, by Technology, 2025 Vs. 2032 (USD Million)
    Figure 18    Global Air Conditioners Market, by Rating, 2025 Vs. 2032 (USD Million)
    Figure 19    Global Air Conditioners Market, by End User, 2025 Vs. 2032 (USD Million)
    Figure 20    Global Air Conditioners Market, by Geography, 2025 Vs. 2032 (USD Million)
    Figure 21    Geographic Snapshot: North America Air Conditioners Market
    Figure 22    Geographic Snapshot: Europe Air Conditioners Market
    Figure 23    Geographic Snapshot: Asia-Pacific Air Conditioners Market
    Figure 24    Geographic Snapshot: Latin America Air Conditioners Market
    Figure 25    Geographic Snapshot: Middle East & Africa Air Conditioners Market
    Figure 26    Growth Strategies Adopted by Leading Market Players (2022–2025)
    Figure 27    Competitive Dashboard: Air Conditioners Market
    Figure 28    Vendor Market Positioning Analysis (2022–2025)
    Figure 29    Daikin Industries, Ltd.: Financial Overview 
    Figure 30    Mitsubishi Electric Corporation: Financial Overview
    Figure 31    Hitachi-Johnson Controls Air Conditioning: Financial Overview
    Figure 32    Carrier Global Corporation: Financial Overview
    Figure 33    Whirlpool Corporation: Financial Overview
    Figure 34    Haier Smart Home Co. Ltd.: Financial Overview
    Figure 35    LG Electronics: Financial Overview
    Figure 36    Voltas Limited: Financial Overview
    Figure 37    Panasonic Corporation: Financial Overview
    Figure 38    Robert Bosch GmbH: Financial Overview
    Figure 39    Samsung Electronics Co., Ltd.: Financial Overview
    Figure 40    Fujitsu Limited: Financial Overview
    Figure 41    Blue Star Ltd: Financial Overview
    Figure 42    Toshiba Corporation: Financial Overview
    Figure 43    Electrolux: Financial Overview
    Figure 44    Gree Electric Appliances Inc.: Financial Overview 
    Figure 45    Midea Group Co. Ltd: Financial Overview 
    Figure 46    American Standard Companies Inc.: Financial Overview 

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    Author Name:

    Aniket Hade, Rajdeep Bhawal

    Related Tag: Air Conditioners Market Smart Air Conditioners HVAC Systems Energy Efficient Cooling Residential Air Conditioning Commercial AC Units
    Miscellaneous / Others
    Semiconductor and Electronics
    The Air Conditioners Market was valued at $172.8 billion in 2024. This market is expected to reach $276.7 billion by 2032 from an estimated $183.2 billion in 2025, at a CAGR of 6.1% during the forecast period from 2025 to 2032. The growth of this market is driven by soaring temperatures & humidity levels, consumers’ growing inclination toward convenience & comfort, and the rising demand for energy-efficient air conditioners. However, the high costs of air conditioners restrain the growth of the global air conditioners market. The rising adoption of air conditioners with inverter & air purification technologies and technological advancements in HVAC systems are creating growth opportunities for the players operating in the air conditioners market. Connected air conditioners and solar photovoltaic (PV) & solar thermal-assisted air conditioning systems are major trends in this market. However, air conditioners’ high energy use is a challenge for market growth.

    Here are the top 10 companies operating in the Air Conditioners Market

    Daikin Industries, Ltd

     Founded in 1924 and headquartered in Osaka, Japan, Daikin is a multinational air conditioning manufacturing company. The company operates through four business segments, namely, Air Conditioning, Chemicals, Oil Hydraulics, and Defense Systems. Daikin manufactures air conditioning and refrigeration products such as heat pumps, gas furnaces, air conditioners, infrared ceramic space heaters, and marine vessel air conditioners. These products offer environment-friendly air comfort solutions for residential to commercial properties. Daikin promotes the merits of ventilation and air-purification functions in the residential-use market and enhances its lineup of heat reclaim ventilators and ultraviolet (UV) steamers in the commercial-use market.

    Mitsubishi Electric Corporation

    Founded in 1921 and headquartered in Tokyo, Japan, Mitsubishi is a manufacturer of air conditioning systems for residential, commercial, and industrial use. The company operates through six segments, namely, Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. Through the Industrial Automation Systems segment, the company sells industrial robots, programmable logic controllers, motors, computerized numerical controllers, and automotive electrical equipment, among others. The company’s air conditioning system provides exemplary performance in wide-ranging climatic conditions. It develops durable units and systems capable of constant use and provides energy-efficient performance and minimal environmental impact.

    Hitachi-Johnson Controls Air Conditioning (Johnson Controls International plc)

    Founded in 2015 and headquartered in Tokyo, Japan, Hitachi-Johnson Controls Air Conditioning is a manufacturer of home appliances and specializes in air conditioning and cooling technology. The company is marketed by a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc. Hitachi-Johnson provides products, services and solutions for residential and commercial buildings. It offers a variety of air conditioners, VRF systems, chillers, and air purifiers for residential and commercial use. Hitachi-Johnson mainly provides various HVAC products, such as ductless solutions, chillers, and room air conditioning systems. The company serves various countries/regions, including India and Asia, China, Japan, Europe, North America, and South America.

    Carrier Global Corporation

    Founded in 1915 and headquartered in Florida, U.S., Carrier Global Corporation is the leading global provider of healthy, safe, and sustainable building and cold chain solutions. The company offers heating, ventilation, air-conditioning, refrigeration, and fire and security products. Carrier operates in the market through three business segments, namely, HVAC, Refrigeration, and Fire & Security. The HVAC segment offers products, controls, services, and solutions to meet residential and commercial systems’ heating, cooling, and ventilation needs. The company’s products include air conditioners, heating systems, controls and aftermarket components, and building automation systems with maintenance services. Furthermore, Carrier helps to improve and optimize indoor air quality in buildings and homes to enhance human health, safety, and productivity.

    Whirlpool Corporation (U.S.)

    Founded in 1911 and headquartered in Michigan, U.S., Whirlpool is a manufacturer of home appliances. The company offers kitchen and laundry products. The company’s products include laundry appliances, refrigeration, room air conditioning equipment, cooking appliances, dishwashers, mixers and other small household appliances. It manufactures products in ten countries and markets them in every country worldwide. Whirlpool operates through six business segments, namely, Laundry, Refrigeration, Cooking, Dishwashing, Spare Parts and Warranties, and Other. The company sells products under various brands, including Whirlpool, KitchenAid, Maytag, Amana, Jenn-Air, and Consul.


    Haier Smart Home Co. Ltd.

    Founded in 1984 and headquartered in Hong Kong, China, Haier Smart Home is a manufacturer and distributor of home appliances. The company provides smart home solutions, such as air conditioners, refrigerators, freezers, and small household electrical appliances, among others. Haier operates through three business segments, namely, Smart Home Business in China, Smart Home Business Overseas, and Other Business. The Smart Home Business in China segment provides air solutions that offer home air conditioning and commercial air conditioning products. With its subsidiaries and strong distribution network, the company has a geographical presence across China and Other Countries/Region. Some of its subsidiaries are Candy (Italy), GE Appliances (U.S.), and Hefei Haier Air Conditioner Co., Ltd. (Anhui).

    LG Electronics

    Founded in 1947 and headquartered in Seoul, South Korea, LG Electronics is a manufacturer of electronic products such as TV & home entertainment, kitchen & laundry products, computers, air conditioning & solar systems. The company operates through six business segments, namely, Home Appliances And Air Solutions (H&A), Home Entertainment (HE), Vehicle Component Solutions (VS), Business Solutions (BS), LG Innotek Co., Ltd. and its subsidiaries (Innotek), and Other. The Home Appliance & Air Solution segment manufactures and sells refrigerators, washing machines, vacuum cleaners, and residential and commercial air conditioners.

    Voltas Limited

    Founded in 1954 and headquartered in Mumbai, India, Voltas Limited is a provider of home appliances and consumer electronic appliances. The company develops and manufactures air conditioners, air coolers, refrigerators, washing machines, dishwashers, microwaves, air purifiers, and water dispensers. Voltas operates in the market through three business segments, namely, Unitary Cooling Products for Comfort and Commercial use, Electro-Mechanical Projects and Services, and Engineering Products and Services. The Unitary Cooling Product segment offers a wide range of air conditioners, air coolers, water dispensers, and commercial refrigeration products. Voltas mainly focuses on reimagining cooling, convenience, and comfort to develop products and services.

    Panasonic Corporation

    Founded in 1918 and headquartered in Osaka, Japan, Panasonic Corporation is an electronic company that offers products and services such as industrial systems, rechargeable batteries, automotive and avionics systems, and home renovation. Panasonic operates through five business segments, namely, Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions. The company’s Lifestyle Updates Business Division provides products and services that include home appliances, HVAC (Heating, Ventilation, and Air Conditioning), lighting, electrical systems, and commercial equipment like refrigerator and freezer display cases.

    Robert Bosch GmbH

    Founded in 1986 and headquartered in Gerlingen, Germany, Robert Bosch is a global supplier of special-purpose machinery. The company offers individual assembly and automation solutions, advanced process technology, and services along the entire product life cycle. It offers intelligent automation solutions for production in several areas, such as machinery, processes & technologies, intelligent solutions, and services. Robert Bosch operates through four business segments, namely, Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company offers a varied portfolio of air conditioners for all residential units and the commercial sector. Its product portfolio includes condensing boilers, heat pumps, hybrid systems, air-conditioning systems, ventilation equipment, solar thermal systems, combined heat and power generation, and industrial boilers. The company is a systems integrator and general contractor of various assembly, building, single-process, and conveyor systems.

     

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