Air Conditioning Equipment Market by Type (Package Air Conditioner, Split Air Conditioner, Chiller Air Conditioner, and Window Air Conditioner), Application (Industrial Air Conditioning, Commercial Building Air Conditioning, Residential Air Conditioning, and Automotive Air Conditioning): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Air conditioning is a process to control and change air temperature, moisture, and cleanness of air in favorable condition. The air conditioning equipment is not only used for cooling, but is also used for heating, ventilation, and air conditioning. The main function of air conditioning equipment is to maintain air temperature inside the building. Some of the types of air conditioning equipment include package air conditioner, spilt air conditioner, chiller air conditioner, and window air conditioner. They are mainly used in industrial, residential, and automotive applications.


The global air conditioning equipment industry is operating at growth stage of its life cycle and it is expected to heading towards growth expansion phase over the forecast period. Development in residential and industrial sector is the major factor that drives the growth of the air conditioning equipment market. The air conditioning equipment offers plenty of benefits including less noise and easy installation. Now a days, there is an increase in the demand for air conditioning equipment owing to rise in urbanization and surge in industrialization specifically in the Asia-Pacific region. However, high cost of air conditioning equipment as well as its installation hamper the growth of the air conditioning equipment market. Fluctuating prices of raw materials also restrain the overall growth of the market. Technological advancement, which helps to develop new products formulation is expected to offer new growth opportunities to air conditioning equipment market.

Air conditioning equipment market is segmented into market type, application, end user, and region. Based on type, the air conditioning equipment market is divided into split air conditioner, window air conditioner, chiller air conditioner, and packaged air conditioner. Air conditioning equipment market share for window air conditioning is expected to progress over the coming years due to its rising demand. Based on application, the market is classified into residential, commercial, industrial, and others such as healthcare facilities. Air conditioning equipment market size for industrial application is anticipated rise during the forecast period due to rising industrial application.

Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Increasing industrialization in Asia-Pacific is significantly driving the air conditioning equipment market growth. 
The major companies operating in the global air conditioning equipment market include Daikin Industries, Ltd., United Technologies Corp., Hitachi, Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co., Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, and Lennox International Inc.

Air Conditioning Equipment Market Key Segments:

By Type

  • Package Air Conditioner
  • Split Air Conditioner
  • Chiller Air Conditioner
  • Window Air Conditioner

By Application

  • Residential 
  • Industrial
  • Hotel

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • South Africa
    • Australia 
    • Rest of Asia-Pacific 
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA 

Key Market Players

  • Daikin Industries Ltd.
  • United Technologies Corp. 
  • Hitachi Ltd. 
  • Panasonic Corporation
  • Electrolux AB 
  • Mitsubishi Electric Corporation 
  • MIDEA Group Co. Ltd. 
  • Samsung Electronics Co. Ltd. 
  • Sharp Corporation 
  • Lennox International Inc.
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