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Integrated Air Conditioning (RIAC) Systems Market Share

  • Report ID: GMI11184
  • Published Date: Sep 2024
  • Report Format: PDF

Integrated Air Conditioning Systems Market Share

The integrated air conditioning market is predominantly consolidated, primarily due to the dominance of major global players like Daikin Industries, Carrier Global, Trane Technologies, Mitsubishi Electric, and LG Electronics. These companies lead the market with their extensive product portfolios, significant investments in technological advancements, and global distribution networks, which provide them with a competitive edge and substantial market share. Their ability to leverage economies of scale, maintain strong brand recognition, and set industry standards contributes to this consolidation.
 

Integrated Air Conditioning Systems Market Companies

 Major players operating in the market include:

  • Daikin Industries Ltd.
  • Mitsubishi Electric Corporation
  • Carrier Global Corporation
  • Johnson Controls International plc
  • Trane Technologies plc
  • LG Electronics Inc.
  • Samsung Electronics Co., Ltd.
  • Hitachi Ltd.
  • Bosch Thermotechnology
  • Fujitsu General Limited
  • Toshiba Carrier Corporation
  • Lenovo Group Limited
  • Panasonic Corporation
  • Siemens AG
  • Rheem Manufacturing Company
     
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The Integrated air conditioning (RIAC) systems market was valued at USD 11.5 Billion in 2023 and is expected to record a CAGR of 4.3% between 2024 and 2032, due to wider adoption of smart home systems, where RIAC improves user control, convenience, and efficiency.

The Central Air Conditioning Systems segment of RIAC systems market held 37.33% share in 2023 and is projected to reach a valuation of USD 6.40 Billion by 2032, due to their efficiency in cooling entire homes or large buildings from a single, centralized unit.

Asia-Pacific integrated air conditioning (RIAC) systems market accounted for a revenue share of 32.99% in 2023, backed by the region's high population density and growing urban areas that create a substantial demand for effective climate control solutions.

Carrier Global Corporation, Johnson Controls International plc, Trane Technologies plc, LG Electronics Inc., Samsung Electronics Co., Ltd., Hitachi Ltd., Bosch Thermotechnology, Fujitsu General Limited, Toshiba Carrier Corporation, and Lenovo Group Limited among others.

Integrated Air Conditioning Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 247
  • Countries covered: 21
  • Pages: 370
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