Featuring market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights, The Business Research Company’s 2026 market reports are built to deliver research that is both more actionable and more strategically valuable.
Air-Conditioning Equipment Market Size, Value And Growth Trajectory Through 2030
The market size for air-conditioning equipment has experienced consistent expansion over recent years. It is forecast to increase from $223.43 billion in 2025 to $232.47 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 4.0%. The expansion observed in the past period can be credited to factors such as the rise in urban residential construction, enhanced adoption of air conditioning in hot regions, the growth of commercial building infrastructure, a heightened desire for thermal comfort, and greater availability of affordable room air conditioners.
The air-conditioning equipment market is projected to experience substantial expansion in the coming years. Its value is set to reach $287.68 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.5%. This anticipated growth is driven by factors such as the increasing integration of smart and connected HVAC systems, a heightened demand for low-global-warming-potential refrigerants, the expansion of energy-efficient building standards, an amplified focus on decarbonized cooling solutions, and the ongoing replacement of older air conditioning units. Key developments during this period are expected to involve a greater uptake of energy-efficient cooling technologies, a surge in demand for variable refrigerant flow systems, broader integration of smart thermostats and controls, the proliferation of compact and modular HVAC designs, and a heightened emphasis on managing indoor air quality.
Get A Free Sample Report With In-Depth Market Insights:
Air-Conditioning Equipment Market Growth Catalysts And Demand Drivers
Increasing worldwide temperatures are projected to significantly propel the expansion of the air-conditioning equipment market during the upcoming period. This phenomenon denotes the Earth’s average surface temperature rising, primarily caused by the greenhouse effect and shifts in climate. These rising temperatures have amplified the demand for cooling technologies, particularly in areas experiencing more frequent and intense heatwaves, making air conditioning essential for creating comfortable and livable spaces for both residents and workers, thereby protecting their health and output. As an illustration, in June 2023, a report from the NOAA (National Oceanic and Atmospheric Administration) National Centers for Environmental Information, a US entity offering reliable climate, weather, and environmental data, indicated that NOAA-recorded global surface temperatures hit 1.00 °C (1.80 °F) above the average, establishing it as the fourth-warmest April in their 174-year history. This represented a notable rise from the 0.85 °C (1.53 °F) recorded in April 2022. Consequently, the ongoing increase in global temperatures will fuel the demand for air-conditioning equipment in the future.
Air-Conditioning Equipment Market Segment Performance And Emerging Opportunities
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 Component: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Unitary Air Conditioners: Central Air Conditioning Systems, Ductless Mini-Split Systems, Rooftop Units
2) By Room Air Conditioners: Window Air Conditioners, Portable Air Conditioners, Through-The-Wall Air Conditioners
3) By Packaged Terminal Air Conditioners (PTAC): Self-Contained PTAC Units, Hotel Room Air Conditioners
4) By Other Product Types: Chillers, Variable Refrigerant Flow (VRF) Systems, Evaporative Coolers, Heat Pumps
Air-Conditioning Equipment Market Trends Shaping Long-Term Demand
Leading manufacturers of air-conditioning equipment are increasingly focusing on integrating wind-free technology into their air conditioners to strengthen and enhance their product offerings. This Wind-Free technology represents an innovative feature in air conditioning systems, aiming to deliver a more comfortable cooling experience by minimizing direct airflow and enabling market players to provide consumers with quieter, more comfortable, and more energy-efficient cooling solutions. For instance, in February 2023, Samsung Electronics Co. Ltd., a South Korea-based electronics manufacturer specializing in consumer electronics, telecommunications, and home appliances, launched its latest generation of Wind-Free air conditioners in the Indian market. The new lineup includes Wi-Fi-enabled models equipped with advanced functionalities such as AI auto-cooling, welcome cooling, motion detection sensors, and voice control. Notably, the Wind-Free technology incorporated in these air conditioners can deliver energy savings of up to 77%, while the convertible 5-in-1 ACs featuring digital inverter technology can help achieve energy savings of up to 41%.
Air-Conditioning Equipment Market Key Players: Which Companies Lead Industry Competition?
Major companies operating 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 Conditioning India Ltd, Amber Enterprises India Ltd, Blue Star Ltd, Voltas Ltd, AUX Group, Gree Electric Appliances Inc., Actron Engineering Pty Ltd, WAECO, KLIMA-THERM Group, Autoclima, CPS Products Inc., MDV, KOMFOVENT, CaptiveAire Systems, Greenheck Fan Corporation, Twin City Fan Companies Ltd, Honeywell International Inc., Nortek Air Solutions, Carrier Airconditioning & Refrigeration Limited, Daikool Industries Limited, Temperature Control Company LLC, AAF-McQuay LLC, Arshi Air Conditioning & Refrigeration Co., Airmaster Emirates, Airco, HVAC Distributors
View The Full Air-Conditioning Equipment Market Report:
Air-Conditioning Equipment Market Regional Split: Which Areas Are Fueling Growth?
Asia-Pacific was the largest region in the air-conditioning equipment market in 2025. North America was the second largest region in the global air-conditioning equipment market share. The regions covered in the air-conditioning equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
