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Integrated Air Conditioning (RIAC) Systems Market Trends

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

Integrated Air Conditioning Systems Market Trends

Urbanization and space constraints are driving the growth of advanced air conditioning systems, especially those that offer flexibility and efficiency in crowded cities. As cities grow and more people move into urban areas, the demand for climate control solutions that fit into small spaces and complex buildings increases. Urban areas often face challenges like high-density living, smaller homes, and commercial spaces where traditional ducted systems are impractical. In response, ductless systems, such as mini-split air conditioners and variable refrigerant flow (VRF) systems, have become popular because they provide efficient cooling and heating without needing extensive ductwork.
 

These systems are especially useful for retrofitting old buildings where installing new ductwork would be disruptive or costly. Their compact and modular design makes them easy to install in tight spaces, making them ideal for urban environments. Additionally, the zoning capabilities of modern systems allow precise temperature control in individual rooms or areas, which is valuable in multifunctional spaces and small apartments. As urbanization continues to drive the development of high-rise buildings and smaller living spaces, the need for adaptable, space-efficient air conditioning solutions will likely grow, further boosting the adoption of advanced air conditioning technologies.
 

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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