The global air conditioning system market is anticipated to increase by USD 48.0 billion till 2028 at an average annual growth of 6 percent as per the latest report by Gen Consulting Company.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global air conditioning system market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the air conditioning system industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, technology, end user, and region. The global market for air conditioning system can be segmented by type: unitary, rooftop, packaged terminal air conditioner (PTAC). The rooftop segment held the largest revenue share in 2021. Air conditioning system market is further segmented by technology: inverter, non-inverter. Among these, the inverter segment was accounted for the highest revenue generator in 2021. Based on end user, the air conditioning system market is segmented into: residential, commercial, industrial, others. The residential segment captured the largest share of the market in 2021. On the basis of region, the air conditioning system market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, North America had the largest share in the global air conditioning system market.

Market Segmentation
By type: unitary, rooftop, packaged terminal air conditioner (PTAC)
By technology: inverter, non-inverter
By end user: residential, commercial, industrial, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The market research report covers the analysis of key stake holders of the global air conditioning system market. Some of the leading players profiled in the report include Carrier Corporation, Daikin Industries, Ltd., Gree Electric Appliances Inc. of Zhuhai, Hitachi Ltd., Mitsubishi Electric Trane HVAC US LLC, Whirlpool Corporation, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global air conditioning system market.
– To classify and forecast the global air conditioning system market based on type, technology, end user, region.
– To identify drivers and challenges for the global air conditioning system market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global air conditioning system market.
– To identify and analyze the profile of leading players operating in the global air conditioning system market.

Why Choose This Report
– Gain a reliable outlook of the global air conditioning system market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.