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Global Packaged Air Conditioner Market 2017-2021

Global Packaged Air Conditioner Market 2017-2021

About Packaged Air Conditioner

A packaged air conditioner is a cooling or heating system consisting of a single housing cabinet that contains all the components required for cooling, heating, dehumidification, filtering, and air handling. Packaged air conditioners account for a relatively small share of the global air conditioners market but have a significant demand in the US and China, with high potential demand in several developed and emerging markets. Their demand is expected to grow considerably over the next five years as the number of residential and commercial construction is on the rise globally, and there is rapid urban and economic growth in several countries. The rise in housing constructions across key countries and regions including China, the US, Saudi Arabia, and India, and the rise in demand for luxury goods due to improving living standards are the key factors that will spur market growth over the forecast period.

Technavio’s analysts forecast the global packaged air conditioner market to grow at a CAGR of 5.29% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global packaged air conditioner market for 2017-2021. To calculate the market size, the report considers the demand from end-users.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Packaged Air Conditioner Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Carrier
  • DAIKIN INDUSTRIES
  • Johnson Controls
  • Lennox International
  • Ingersoll Rand
Other prominent vendors
  • Blue Star
  • GREE ELECTRIC APPLIANCES
  • Haier
  • LG Electronics
  • Midea Group
  • Mitsubishi Electric
  • Nortek Global HVAC
  • Panasonic
  • Rheem Manufacturing Company
  • SAMSUNG
  • Voltas
  • Whirlpool
Market driver
  • Growth in global construction activities
  • For a full, detailed list, view our report
Market challenge
  • High cost of purchase and installation
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of R32 refrigerant in air conditioners
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Packaged Air Conditioner Market 2017-2021

Technavio recognizes the following companies as the key players in the global packaged air conditioner market: Carrier, DAIKIN INDUSTRIES, Johnson Controls, Lennox International, and Ingersoll Rand

Other Prominent Vendors in the market are: Blue Star, GREE ELECTRIC APPLIANCES, Haier, LG Electronics, Midea Group, Mitsubishi Electric, Nortek Global HVAC, Panasonic, Rheem Manufacturing Company, SAMSUNG, Voltas, and Whirlpool.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of R32 refrigerant in air conditioners. All air conditioning and refrigeration systems use some form of refrigerant to absorb the heat from the air to cool it. Traditionally used fluid refrigerants include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), ammonia, and halons. The global heating, ventilation, and air-conditioning (HVAC) industry is now moving toward the adoption of newer, advanced refrigerants with better efficiency than traditional refrigerants.”

According to the report, one of the major drivers for this market is Growth in global construction activities. The global infrastructure and construction market is steadily growing across most regions. The increase in residential and commercial building construction is one of the key factors expected to drive the global packaged air conditioner market, as air conditioning systems are integral to modern construction.

Further, the report states that one of the major factors hindering the growth of this market is High cost of purchase and installation. A major factor that negatively impacts the demand for packaged air conditioners across different markets is the cost of the equipment. This factor is more penalizing in the case of price-sensitive customers, such as those in developing economies. Therefore, the high cost of packaged air conditioning unit will be a hurdle to its adoption in several markets. The price disparity between packaged air conditioners and window and split air conditioners increases the threat of substitutes in the global packaged air conditioner market.

Companies Mentioned

Carrier, DAIKIN INDUSTRIES, Johnson Controls, Lennox International, Ingersoll Rand, Blue Star, GREE ELECTRIC APPLIANCES, Haier, LG Electronics, Midea Group, Mitsubishi Electric, Nortek Global HVAC, Panasonic, Rheem Manufacturing Company, SAMSUNG, Voltas, and Whirlpool.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • MARKET OUTLINE
      • Table Air conditioning products, a global outlook
      • Table Advantages of packaged air conditioners
  • Market landscape
    • MARKET OVERVIEW
      • Table Global packaged air conditioner market 2016-2021
    • MARKET SIZE AND FORECAST
      • Table Global packaged air conditioner market 2016-2021 ($ millions)
    • FIVE FORCES ANALYSIS
      • Table Five forces analysis
  • Market segmentation by product
    • MARKET OVERVIEW
      • Table Global packaged air conditioner market by product 2016 and 2021 (%)
    • PACKAGED AIR CONDITIONER WITH WATER-COOLED CONDENSER
      • Table Global water-cooled packaged air conditioner market 2016-2021 ($ millions)
    • PACKAGED AIR CONDITIONERS WITH AIR-COOLED CONDENSER
      • Table Global air-cooled packaged air conditioner market 2016-2021 ($ millions)
  • Geographical segmentation
    • MARKET OVERVIEW
      • Table Global packaged air conditioner market by geography 2016 and 2021 (%)
    • AMERICAS
      • Table Packaged air conditioner market in Americas 2016-2021 ($ millions)
    • APAC
      • Table Packaged air conditioner market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table Packaged air conditioner market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • MARKET DRIVERS
      • Table New residential constructions in US 2011-2016 (number of new constructions, in thousands)
      • Table GDP per capita for select Asian countries 2010 - 2015 ($).
    • MARKET CHALLENGES
      • Table Price of different air conditioners ($)
  • Market trends
    • GROWING ADOPTION OF R32 REFRIGERANT IN AIR CONDITIONERS
      • Table Comparison between various commercial refrigerants
    • SHIFT TOWARD INVERTER-BASED AIR CONDITIONER TECHNOLOGY
    • STRINGENT REGULATIONS ON REFRIGERANT USE IN THE US AND EUROPE
  • Vendor landscape
    • COMPETITIVE SCENARIO
    • OTHER PROMINENT VENDORS
      • Table Other prominent vendors in the global packaged air conditioner market
  • Key vendor analysis
    • CARRIER
      • Table Segments and categories of products offered
      • Table Segments and categories of packaged air conditioners offered
      • Table Key news
    • DAIKIN INDUSTRIES
      • Table Segments and categories of packaged air conditioners offered
      • Table Key news
    • JOHNSON CONTROLS
      • Table Product offerings by Johnson Controls
      • Table Brand and categories of packaged air conditioners offered
      • Table Key news
    • LENNOX INTERNATIONAL
      • Table Segments and categories of products offered
      • Table Segments and categories of packaged air conditioners offered
    • INGERSOLL-RAND
      • Table Product offerings by brands
      • Table Packaged air conditioner offerings by Trane
      • Table Key news
  • Appendix
    • LIST OF ABBREVIATIONS
  • Explore Technavio

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