To understand key trends
Download Free Sample
Based on type of air conditioning systems, the market is divided into central air conditioning systems, split air conditioning systems, window unit air conditioning system, and ductless mini-split systems. The central air conditioning systems segment held around 56% market share in 2022. Consumers are increasingly concerned about indoor air quality (IAQ). Central air conditioning systems are incorporating advanced air filtration and purification technologies, such as HEPA filters and UV-C germicidal lamps, to improve IAQ.
To understand key market trends
Download Free Sample
Based on end-use, the air conditioning system market is categorized into residential air conditioning, commercial air conditioning, and industrial air conditioning. The commercial air conditioning segment held around 56% market share in 2022. Commercial air conditioning systems are increasingly integrated into building automation and management systems. This allows for centralized control, monitoring, and optimization of HVAC systems for improved energy efficiency. The adoption of smart HVAC controls is growing in the commercial sector. These controls allow for remote monitoring and control of HVAC systems, enabling energy savings and predictive maintenance.
Based on cooling capacity, the air conditioning system market is categorized into Low Capacity (Less than 12,000 BTU), Medium Capacity (12,000 - 24,000 BTU), High Capacity (24,000 - 60,000 BTU), and Ultra-High Capacity (Over 60,000 BTU). Inverter-driven medium-capacity systems have gained popularity due to their energy-efficient operation. These systems can adjust the compressor speed based on cooling demands, providing precise temperature control and reducing energy consumption. The construction and expansion of residential complexes in urban and suburban areas have driven the demand for medium-capacity air conditioning systems in homes and small commercial spaces.
Based on distribution channel, the air conditioning system market is categorized into direct sales and indirect sales. The rise of e-commerce and online marketplaces has transformed indirect sales in the industry. Many customers now research, compare, and purchase air conditioning systems online through third-party vendors. This trend has been accelerated by the COVID-19 pandemic and the preference for online shopping. Indirect sales channels are adopting an omnichannel approach, which integrates both online and offline sales channels. This allows customers to seamlessly transition between various touchpoints, such as online research and in-store purchasing.
To understand regional trends  Download Free Sample
North America dominated the Air Conditioning System market in 2022, accounting for a major share of around 26%. North America, especially the United States, has stringent energy efficiency regulations, which are driving the adoption of energy-efficient air conditioning systems. These regulations often include minimum Seasonal Energy Efficiency Ratio (SEER) requirements. The integration of smart home and building automation systems is increasing. Consumers appreciate the ability to control their air conditioning systems remotely through smartphones and other devices, improving energy efficiency and convenience.