Air Conditioning Systems Market Size, Share & Trends Analysis Report By Type (Package Air Conditioners, Split Air Conditioning Systems, Ductless Mini-split Systems), By Technology (Inverter, Non-inverter), By End-use, By Region, And Segment Forecasts, 202
Description
Air Conditioning Systems Market Summary
The global air conditioning system market size was estimated at USD 98.74 billion in 2024 and is projected to reach USD 182.97 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. This growth is primarily driven by rapid urbanization and the rising adoption of smart infrastructure in both residential and commercial sectors.
The increasing demand for energy-efficient and environmentally friendly cooling solutions is accelerating the shift toward inverter-based and solar-powered air conditioning systems. In addition, stringent government regulations aimed at reducing carbon emissions are encouraging the use of low-global warming potential (GWP) refrigerants, pushing manufacturers to innovate and adopt sustainable technologies.
Technological advancements like AI-enabled climate control, IoT integration, and remote monitoring are reshaping the air conditioning industry. Consumers are increasingly opting for smart ACs that offer convenience, automation, and energy optimization. The expansion of construction activities, particularly in emerging economies, is also fueling market growth. Moreover, improving living standards and higher disposable incomes are encouraging spending on advanced air conditioning systems.
Global Air Conditioning Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global air conditioning systems market report based on type, technology, end-use, and region.
The global air conditioning system market size was estimated at USD 98.74 billion in 2024 and is projected to reach USD 182.97 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. This growth is primarily driven by rapid urbanization and the rising adoption of smart infrastructure in both residential and commercial sectors.
The increasing demand for energy-efficient and environmentally friendly cooling solutions is accelerating the shift toward inverter-based and solar-powered air conditioning systems. In addition, stringent government regulations aimed at reducing carbon emissions are encouraging the use of low-global warming potential (GWP) refrigerants, pushing manufacturers to innovate and adopt sustainable technologies.
Technological advancements like AI-enabled climate control, IoT integration, and remote monitoring are reshaping the air conditioning industry. Consumers are increasingly opting for smart ACs that offer convenience, automation, and energy optimization. The expansion of construction activities, particularly in emerging economies, is also fueling market growth. Moreover, improving living standards and higher disposable incomes are encouraging spending on advanced air conditioning systems.
Global Air Conditioning Systems Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global air conditioning systems market report based on type, technology, end-use, and region.
- Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
- Package Air Conditioners
- Split Air Conditioning Systems
- Ductless Mini-split Systems
- End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
- Residential
- Commercial
- Industrial
- Technology Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
- Inverter
- Non-inverter
- Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Türkiye
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
Table of Contents
100 Pages
- Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary End Uses & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
- Chapter 3. Air Conditioning Systems Market Variables, Trends & Scope
- 3.1. Market Segmentation & Scope
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Challenge Analysis
- 3.6.4. Market Opportunity Analysis
- 3.7. Business Environment Analysis: Air Conditioning Systems Market
- 3.7.1. Industry Analysis - Porter’s
- 3.7.1.1. Supplier Power
- 3.7.1.2. Buyer power
- 3.7.1.3. Threat of substitutes
- 3.7.1.4. Threat of new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technological Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.8. Economic Mega Trend
- 3.9. Vendor Matrix
- 3.9.1. List of key raw material providers
- 3.9.2. List of key manufacturers
- 3.9.3. List of Key distributors
- Chapter 4. Air Conditioning Systems Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2024 & 2033
- 4.1.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 4.2. Package Air Conditioners
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 4.3. Split Air Conditioning Systems
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 4.4. Ductless Mini-Split Systems
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- Chapter 5. Air Conditioning Systems Market: End Use Estimates & Trend Analysis
- 5.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 5.2. Residential
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 5.3. Commercial
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 5.4. Industrial
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- Chapter 6. Air Conditioning Systems Market: Technology Estimates & Trend Analysis
- 6.1. Technology Movement Analysis & Market Share, 2024 & 2033
- 6.2. Inverter
- 6.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 6.3. Non-Inverter
- 6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- Chapter 7. Air Conditioning Systems Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.4. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.5. U.S.
- 7.2.5.1. Macroeconomic Outlook
- 7.2.5.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.5.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.5.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.6. Canada
- 7.2.6.1. Macroeconomic Outlook
- 7.2.6.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.6.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.6.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.7. Mexico
- 7.2.7.1. Macroeconomic Outlook
- 7.2.7.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.7.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.2.7.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.4. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.5. France
- 7.3.5.1. Macroeconomic Outlook
- 7.3.5.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.5.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.5.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.6. Germany
- 7.3.6.1. Macroeconomic Outlook
- 7.3.6.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.6.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.6.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.7. UK
- 7.3.7.1. Macroeconomic Outlook
- 7.3.7.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.7.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.7.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.8. Spain
- 7.3.8.1. Macroeconomic Outlook
- 7.3.8.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.8.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.8.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.8.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.9. Italy
- 7.3.9.1. Macroeconomic Outlook
- 7.3.9.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.9.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.9.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.9.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.10. Turkey
- 7.3.10.1. Macroeconomic Outlook
- 7.3.10.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.10.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.10.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.3.10.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.4. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.5. China
- 7.4.5.1. Macroeconomic Outlook
- 7.4.5.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.5.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.5.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.6. India
- 7.4.6.1. Macroeconomic Outlook
- 7.4.6.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.6.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.6.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.7. Japan
- 7.4.7.1. Macroeconomic Outlook
- 7.4.7.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.7.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.7.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.7.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.8. South Korea
- 7.4.8.1. Macroeconomic Outlook
- 7.4.8.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.8.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.8.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.8.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.9. Australia
- 7.4.9.1. Macroeconomic Outlook
- 7.4.9.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.9.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.9.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.4.9.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5. Middle East & Africa
- 7.5.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.4. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.5. Saudi Arabia
- 7.5.5.1. Macroeconomic Outlook
- 7.5.5.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.5.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.5.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.6. South Africa
- 7.5.6.1. Macroeconomic Outlook
- 7.5.6.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.6.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.5.6.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6. Latin America
- 7.6.1. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.2. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.4. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.5. Brazil
- 7.6.5.1. Macroeconomic Outlook
- 7.6.5.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.5.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.5.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.5.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.6. Argentina
- 7.6.6.1. Macroeconomic Outlook
- 7.6.6.2. Market estimates and forecasts, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.6.3. Market estimates and forecasts, by type, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.6.4. Market estimates and forecasts, by end use, 2021 - 2033 (USD Billion, Thousand Units)
- 7.6.6.5. Market estimates and forecasts by technology, 2021 - 2033 (USD Billion, Thousand Units)
- Chapter 8. Global Air Conditioning Systems Market: Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Dashboard Analysis
- 8.4. Company Market Share Analysis, 2024
- 8.5. Company Positioning Analysis, 2024
- 8.6. Company Heat Map Analysis, 2024
- 8.7. Strategy Mapping
- 8.8. Company Profiles
- 8.8.1. DAIKIN INDUSTRIES, Ltd.
- 8.8.1.1. Participant’s overview
- 8.8.1.2. Financial performance
- 8.8.1.3. Product benchmarking
- 8.8.1.4. Recent developments
- 8.8.2. Carrier.
- 8.8.2.1. Participant’s overview
- 8.8.2.2. Financial performance
- 8.8.2.3. Product benchmarking
- 8.8.2.4. Recent developments
- 8.8.3. Haier Group
- 8.8.3.1. Participant’s overview
- 8.8.3.2. Financial performance
- 8.8.3.3. Product benchmarking
- 8.8.3.4. Recent developments
- 8.8.4. Johnson Controls - Hitachi Air Conditioning Company
- 8.8.4.1. Participant’s overview
- 8.8.4.2. Financial performance
- 8.8.4.3. Product benchmarking
- 8.8.4.4. Recent developments
- 8.8.5. Lennox International Inc.
- 8.8.5.1. Participant’s overview
- 8.8.5.2. Financial performance
- 8.8.5.3. Product benchmarking
- 8.8.5.4. Recent developments
- 8.8.6. LG Electronics.
- 8.8.6.1. Participant’s overview
- 8.8.6.2. Financial performance
- 8.8.6.3. Product benchmarking
- 8.8.6.4. Recent developments
- 8.8.7. Midea.
- 8.8.7.1. Participant’s overview
- 8.8.7.2. Financial performance
- 8.8.7.3. Product benchmarking
- 8.8.7.4. Recent developments
- 8.8.8. Mitsubishi Electric India Pvt. Ltd.
- 8.8.8.1. Participant’s overview
- 8.8.8.2. Financial performance
- 8.8.8.3. Product benchmarking
- 8.8.8.4. Recent developments
- 8.8.9. Panasonic Corporation
- 8.8.9.1. Participant’s overview
- 8.8.9.2. Financial performance
- 8.8.9.3. Product benchmarking
- 8.8.9.4. Recent developments
- 8.8.10. Samsung Electronics Co. Ltd.
- 8.8.10.1. Participant’s overview
- 8.8.10.2. Financial performance
- 8.8.10.3. Product benchmarking
- 8.8.10.4. Recent developments
- 8.8.11. ALFA LAVAL
- 8.8.11.1. Participant’s overview
- 8.8.11.2. Financial performance
- 8.8.11.3. Product benchmarking
- 8.8.11.4. Recent developments
- 8.8.12. Electrolux
- 8.8.12.1. Participant’s overview
- 8.8.12.2. Financial performance
- 8.8.12.3. Product benchmarking
- 8.8.12.4. Recent developments
- 8.8.13. Trane Technologies plc
- 8.8.13.1. Participant’s overview
- 8.8.13.2. Financial performance
- 8.8.13.3. Product benchmarking
- 8.8.13.4. Recent developments
- 8.8.14. Whirlpool
- 8.8.14.1. Participant’s overview
- 8.8.14.2. Financial performance
- 8.8.14.3. Product benchmarking
- 8.8.14.4. Recent developments
- 8.8.15. Voltas, Inc.
- 8.8.15.1. Participant’s overview
- 8.8.15.2. Financial performance
- 8.8.15.3. Product benchmarking
- 8.8.15.4. Recent developments
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