Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Key Emerging Trends in the Air Condition Market
The significant driver for the air conditioning (AC) market is the burgeoning global population and urbanization, particularly in Asia-Pacific and the Middle East & Africa. The escalating demand for AC units has spurred numerous ongoing and proposed infrastructure projects worldwide, attracting both local and international players to cater to the increasing AC needs in these burgeoning regions. In 2013, Daikin Europe N.V. (Oostende, Belgium) entered a joint venture (JV) agreement with Saudi Arabian company RIRAC (JV between Rajhi Holdings and Al Mutlaq Group), exemplifying the global interest in providing cooling solutions to rapidly urbanizing markets like Saudi Arabia.
Various housing development and smart city initiatives, such as the construction of the Desert Rose smart sustainable city in Dubai, have been pivotal in propelling the sales of AC units. This eco-friendly city project in Dubai, announced in 2014, is designed with air-conditioned pedestrian paths that operate during the hot season, showcasing innovative approaches to urban planning.
Similar urbanization and development trends are observable in Asian countries, where rising income levels, the expansion of modern retail, and the establishment of exclusive factory outlets contribute to the increased accessibility and demand for ACs. This trend is expected to lead to substantial growth in tier-II and tier-III countries and semi-urban areas.
Urbanization emerges as a key factor driving growth and infrastructure expansion, creating a robust platform for the AC market. The expanding middle-class households globally offer a vast opportunity for AC manufacturers to meet the escalating demand.
In India, for instance, urban areas are projected to house 30% of the population and contribute 70% to the total GDP by 2025. The government has proposed building in four different regions by 2025, each accommodating a population of over 15 million. Additionally, the expected development of trade corridors like Delhi-Mumbai, Delhi-Kolkata, and Mumbai-Chennai-Bengaluru will further accelerate urban progress in India.
The burgeoning middle-class segment in India presents a substantial market for ACs. It is estimated that by 2015, the number of Indian middle-class families will exceed 53 million, with projections indicating growth to over 113 million families. Currently, around 52% of middle-class families own ACs, suggesting that there is significant untapped potential, with 48% of the market yet to be explored.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Emergence of biomaterial Air Condition implants |
| Market Dynamics | Rising prevalence of cervical spondylosis in corporate professionals Growing cases of cervical injuries in automobile crashes |
Air Condition Market Highlights:
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
