Air Conditioning Market Size, Industry Trends, Revenue, Scope and Outlook 2032

1. AIR CONDITIONINGMARKET GLOBAL ANALYSIS REPORT 2025-2032 Published by: Kadambari Jedhe

2. Market Size & Overview: The global air conditioning market was valued at approximately USD 178.76 billion in 2024 and is projected to reach nearly USD 377.66 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period. This growth is driven by increasing urbanization, rising disposable incomes, and technological advancements in air conditioning systems. The market encompasses residential, commercial, and automotive sectors, highlighting its broad applicationspectrum.

3. Market Growth & Opportunities Several factors contribute to the market's expansion: Technological Advancements: The development of energy-efficient and smart air conditioning units appeals to environmentally conscious consumers and those seeking convenience. Urbanization and Infrastructure Development: Rapid urban growth, particularly in emerging economies, increases the demand for air conditioning in residential and commercialbuildings. Climate Change: Rising global temperatures lead to higher adoption rates of air conditioningsystems. Opportunities exist in the integration of eco-friendly refrigerants, smart home compatibility, and expansion into underserved markets. Sample Request

4. Market Segmentation by Technology by Product • Manual/Semi-automatic Air conditioning • Room/Unitary Air Conditioners • Automatic air conditioning • Chillers • VRF Systems by Component • Coolers • Compressor • Others • Evaporator • Fan by End-User • Condenser Coil • Automotive • Commercial • Industrial • Residential

5. Regional Analysis: ▪ North America: The market benefits from the region's extreme weather conditions and high standard of living, with a strong preference for energy-efficient and smart air conditioningsystems. ▪ Europe: Stringent environmental regulations drive the adoption of eco-friendly and energy-efficient air conditioning solutions. The market is also influenced by the region's focus on sustainability and green building initiatives. ▪ Asia-Pacific (APAC): APAC dominates the global air conditioning market, attributed to rapid urbanization, population growth, and rising disposable incomes. Countries like China, India, and Japan are significant contributors, with increasing construction activities and a growing middle-class population boosting demand.

6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

7. Merges and Acquisition Carrier Global's Acquisition of Viessmann Climate Solutions: In 2024, Carrier Global acquired Germany's Viessmann Climate Solutions for $13 billion, aiming to expand its footprint in the European market and enhance its product portfolio. SPX Technologies' Strategic Acquisitions: SPX Technologies, an HVAC innovator, reported a 32.5% revenue increase in its HVAC segment in 2024, driven by organic growth and strategic acquisitions, particularly in sectors like data centers and pharmaceuticalfacilities. Goldman Sachs' Acquisition of Sila Services: In November 2024, Goldman Sachs Alternatives acquired Sila Services, a residential HVAC firm, from Morgan Stanley's private equity arm. The deal, valued at approximately $1.5 billion, reflects the attractiveness of the HVAC sector to private equity due to its consistent cash flows and essential services. Buy This Report

8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com