

The global Air Conditioning Systems market size is predicted to grow from US$ 122760 million in 2025 to US$ 215760 million in 2031; it is expected to grow at a CAGR of 9.9% from 2025 to 2031.
Air conditioning (often referred to as AC, A/C) is the process of removing heat and moisture from the interior of an occupied space, to improve the comfort of occupants. Air conditioning can be used in both domestic and commercial environments. This process is most commonly used to achieve a more comfortable interior environment, typically for humans and other animals; however, air conditioning is also used to cool/dehumidify rooms filled with heat-producing electronic devices, such as computer servers, power amplifiers, and even to display and store some delicate products, such as artwork.
Global Air Conditioning Systems key players include Gree, Midea, Daikin, Haier, Johnson Controls–Hitachi, etc. Global top five manufacturers hold a share about 65%.
Asia-Pacific is the largest market, with a share about 65%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, Split Air Conditioner is the largest segment, with a share over 50%. And in terms of application, the largest application is Residential, followed by Commercial.
The “Air Conditioning Systems Industry Forecast” looks at past sales and reviews total world Air Conditioning Systems sales in 2024, providing a comprehensive analysis by region and market sector of projected Air Conditioning Systems sales for 2025 through 2031. With Air Conditioning Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Air Conditioning Systems industry.
This Insight Report provides a comprehensive analysis of the global Air Conditioning Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Air Conditioning Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Air Conditioning Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Air Conditioning Systems and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Air Conditioning Systems.
This report presents a comprehensive overview, market shares, and growth opportunities of Air Conditioning Systems market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Split Air Conditioner
Vertical Air Conditioner
Chillers
Segmentation by Application:
Residential
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Gree
Midea
Daikin
Haier
Johnson Controls–Hitachi
TCL
AUX
Mitsubishi Electric
Hisense
Toshiba Carrier
Trane
Changhong
Chigo
Sharp
Key Questions Addressed in this Report
What is the 10-year outlook for the global Air Conditioning Systems market?
What factors are driving Air Conditioning Systems market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Air Conditioning Systems market opportunities vary by end market size?
How does Air Conditioning Systems break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Air Conditioning Systems Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Air Conditioning Systems by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Air Conditioning Systems by Country/Region, 2020, 2024 & 2031
2.2 Air Conditioning Systems Segment by Type
2.2.1 Split Air Conditioner
2.2.2 Vertical Air Conditioner
2.2.3 Chillers
2.3 Air Conditioning Systems Sales by Type
2.3.1 Global Air Conditioning Systems Sales Market Share by Type (2020-2025)
2.3.2 Global Air Conditioning Systems Revenue and Market Share by Type (2020-2025)
2.3.3 Global Air Conditioning Systems Sale Price by Type (2020-2025)
2.4 Air Conditioning Systems Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.5 Air Conditioning Systems Sales by Application
2.5.1 Global Air Conditioning Systems Sale Market Share by Application (2020-2025)
2.5.2 Global Air Conditioning Systems Revenue and Market Share by Application (2020-2025)
2.5.3 Global Air Conditioning Systems Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Air Conditioning Systems Breakdown Data by Company
3.1.1 Global Air Conditioning Systems Annual Sales by Company (2020-2025)
3.1.2 Global Air Conditioning Systems Sales Market Share by Company (2020-2025)
3.2 Global Air Conditioning Systems Annual Revenue by Company (2020-2025)
3.2.1 Global Air Conditioning Systems Revenue by Company (2020-2025)
3.2.2 Global Air Conditioning Systems Revenue Market Share by Company (2020-2025)
3.3 Global Air Conditioning Systems Sale Price by Company
3.4 Key Manufacturers Air Conditioning Systems Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Air Conditioning Systems Product Location Distribution
3.4.2 Players Air Conditioning Systems Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Air Conditioning Systems by Geographic Region
4.1 World Historic Air Conditioning Systems Market Size by Geographic Region (2020-2025)
4.1.1 Global Air Conditioning Systems Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Air Conditioning Systems Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Air Conditioning Systems Market Size by Country/Region (2020-2025)
4.2.1 Global Air Conditioning Systems Annual Sales by Country/Region (2020-2025)
4.2.2 Global Air Conditioning Systems Annual Revenue by Country/Region (2020-2025)
4.3 Americas Air Conditioning Systems Sales Growth
4.4 APAC Air Conditioning Systems Sales Growth
4.5 Europe Air Conditioning Systems Sales Growth
4.6 Middle East & Africa Air Conditioning Systems Sales Growth
5 Americas
5.1 Americas Air Conditioning Systems Sales by Country
5.1.1 Americas Air Conditioning Systems Sales by Country (2020-2025)
5.1.2 Americas Air Conditioning Systems Revenue by Country (2020-2025)
5.2 Americas Air Conditioning Systems Sales by Type (2020-2025)
5.3 Americas Air Conditioning Systems Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Air Conditioning Systems Sales by Region
6.1.1 APAC Air Conditioning Systems Sales by Region (2020-2025)
6.1.2 APAC Air Conditioning Systems Revenue by Region (2020-2025)
6.2 APAC Air Conditioning Systems Sales by Type (2020-2025)
6.3 APAC Air Conditioning Systems Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Air Conditioning Systems by Country
7.1.1 Europe Air Conditioning Systems Sales by Country (2020-2025)
7.1.2 Europe Air Conditioning Systems Revenue by Country (2020-2025)
7.2 Europe Air Conditioning Systems Sales by Type (2020-2025)
7.3 Europe Air Conditioning Systems Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Air Conditioning Systems by Country
8.1.1 Middle East & Africa Air Conditioning Systems Sales by Country (2020-2025)
8.1.2 Middle East & Africa Air Conditioning Systems Revenue by Country (2020-2025)
8.2 Middle East & Africa Air Conditioning Systems Sales by Type (2020-2025)
8.3 Middle East & Africa Air Conditioning Systems Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Air Conditioning Systems
10.3 Manufacturing Process Analysis of Air Conditioning Systems
10.4 Industry Chain Structure of Air Conditioning Systems
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Air Conditioning Systems Distributors
11.3 Air Conditioning Systems Customer
12 World Forecast Review for Air Conditioning Systems by Geographic Region
12.1 Global Air Conditioning Systems Market Size Forecast by Region
12.1.1 Global Air Conditioning Systems Forecast by Region (2026-2031)
12.1.2 Global Air Conditioning Systems Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Air Conditioning Systems Forecast by Type (2026-2031)
12.7 Global Air Conditioning Systems Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Gree
13.1.1 Gree Company Information
13.1.2 Gree Air Conditioning Systems Product Portfolios and Specifications
13.1.3 Gree Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Gree Main Business Overview
13.1.5 Gree Latest Developments
13.2 Midea
13.2.1 Midea Company Information
13.2.2 Midea Air Conditioning Systems Product Portfolios and Specifications
13.2.3 Midea Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Midea Main Business Overview
13.2.5 Midea Latest Developments
13.3 Daikin
13.3.1 Daikin Company Information
13.3.2 Daikin Air Conditioning Systems Product Portfolios and Specifications
13.3.3 Daikin Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Daikin Main Business Overview
13.3.5 Daikin Latest Developments
13.4 Haier
13.4.1 Haier Company Information
13.4.2 Haier Air Conditioning Systems Product Portfolios and Specifications
13.4.3 Haier Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Haier Main Business Overview
13.4.5 Haier Latest Developments
13.5 Johnson Controls–Hitachi
13.5.1 Johnson Controls–Hitachi Company Information
13.5.2 Johnson Controls–Hitachi Air Conditioning Systems Product Portfolios and Specifications
13.5.3 Johnson Controls–Hitachi Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Johnson Controls–Hitachi Main Business Overview
13.5.5 Johnson Controls–Hitachi Latest Developments
13.6 TCL
13.6.1 TCL Company Information
13.6.2 TCL Air Conditioning Systems Product Portfolios and Specifications
13.6.3 TCL Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 TCL Main Business Overview
13.6.5 TCL Latest Developments
13.7 AUX
13.7.1 AUX Company Information
13.7.2 AUX Air Conditioning Systems Product Portfolios and Specifications
13.7.3 AUX Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 AUX Main Business Overview
13.7.5 AUX Latest Developments
13.8 Mitsubishi Electric
13.8.1 Mitsubishi Electric Company Information
13.8.2 Mitsubishi Electric Air Conditioning Systems Product Portfolios and Specifications
13.8.3 Mitsubishi Electric Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Mitsubishi Electric Main Business Overview
13.8.5 Mitsubishi Electric Latest Developments
13.9 Hisense
13.9.1 Hisense Company Information
13.9.2 Hisense Air Conditioning Systems Product Portfolios and Specifications
13.9.3 Hisense Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Hisense Main Business Overview
13.9.5 Hisense Latest Developments
13.10 Toshiba Carrier
13.10.1 Toshiba Carrier Company Information
13.10.2 Toshiba Carrier Air Conditioning Systems Product Portfolios and Specifications
13.10.3 Toshiba Carrier Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Toshiba Carrier Main Business Overview
13.10.5 Toshiba Carrier Latest Developments
13.11 Trane
13.11.1 Trane Company Information
13.11.2 Trane Air Conditioning Systems Product Portfolios and Specifications
13.11.3 Trane Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Trane Main Business Overview
13.11.5 Trane Latest Developments
13.12 Changhong
13.12.1 Changhong Company Information
13.12.2 Changhong Air Conditioning Systems Product Portfolios and Specifications
13.12.3 Changhong Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Changhong Main Business Overview
13.12.5 Changhong Latest Developments
13.13 Chigo
13.13.1 Chigo Company Information
13.13.2 Chigo Air Conditioning Systems Product Portfolios and Specifications
13.13.3 Chigo Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Chigo Main Business Overview
13.13.5 Chigo Latest Developments
13.14 Sharp
13.14.1 Sharp Company Information
13.14.2 Sharp Air Conditioning Systems Product Portfolios and Specifications
13.14.3 Sharp Air Conditioning Systems Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Sharp Main Business Overview
13.14.5 Sharp Latest Developments
14 Research Findings and Conclusion
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*If Applicable.