The Air-Conditioning Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Air-Conditioning Equipment Market?
The global market for air-conditioning equipment has experienced significant growth. Its size increased from $213.02 billion in 2024 to $227.6 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 6.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Air-Conditioning Equipment Industry?
The Air-Conditioning Equipment Global Market is predicted to grow to a value of $281.98 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%.
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What are the Key Growth Drivers Fueling the Air-Conditioning Equipment Market?
The key drivers in the air-conditioning equipment market are:
• Rising global temperatures increasing the demand for air conditioners
• Greater demand for energy-efficient cooling solutions
• Government regulations and initiatives promoting energy saving
• The industry trend towards implementation of connected, smart technologies and sustainable refrigerants.
Global Market Segmentation: Identifying Major Air-Conditioning Equipment Industry Segments
The air-conditioning equipment market covered in this report is segmented –
1) By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Other Product Types
2) By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
3) By Application: Residential, Commercial, Industrial
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What are the Emerging Trends Shaping the Future of the Air-Conditioning Equipment Market?
The key trends in the air-conditioning equipment market are:
• Wind-free technology is an emerging trend in the air-conditioning equipment market.
• There is an increasing focus on smart and connected technologies.
• The market is moving towards the use of sustainable refrigerants.
• Mergers and acquisitions hold an influential trend in the market.
Who Are the Top Competitors & Leading Players in the Air-Conditioning Equipment Market?
Major companies in the air-conditioning equipment market are:
• Daikin Industries Ltd
• Midea Group Co. Ltd
• Haier Group
• Carrier Global Corporation
• Hitachi Ltd
• Samsung Electronics
• Mitsubishi Electric Corporation
• LG Electronics
• Fujitsu General Ltd.
• Electrolux AB
• LEEL Electricals Ltd (Lloyd)
• Johnson Controls-Hitachi Air Condition India Ltd
• Amber Enterprises India Ltd
• Blue Star Ltd
• Voltas Ltd
• AUX Group
• Gree Electric Appliances, Inc
• Abionik Group
• Accruent
• Actron Engineering Pty Ltd
• WAECO
• Stefani Spa
• OAG Industries
• ERRECINQUE S.R.L
• VULKAN Group
• KLIMA-THERM Group
• Frapol
• Autoclima
• CPS
• Aquatherm
• MDV
• KOMFOVENT
• CaptiveAire Systems
• Greenheck Fan Corporation
• Twin City Fan Companies Ltd
• Honeywell International Inc
• Nortek Air Solutions
• Carrier Airconditioning & Refrigeration Limited
• MW Solutions
• Nomad Go
• Maxell Trading LLC
• Daikool Industries Limited
• Geo Electrical Contracting Trading Company LLC
• SilkAir International LLC
• Temperature Control Company LLC
• Tecnalco Aluminum Technical Engineering Company
• Aaf-Mcquay (L.L.C)
• Arshi Air Conditioning & Refrigeration Co
• Air Group
• Ebair Condition
• Miraco
• Airmaster Emirates
• Van Tech
• Airco
• HVAC Distributors
• ITD Group
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the air-conditioning equipment market in 2024
