Residential Air Conditioner Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Product Type (Splits, Windows, Others), By Distribution Channel (Multi Branded Electronic Stores, Supermarket/Hypermarket, Online and Others), By Region

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Report Description

Report Description

The global residential air conditioner market is anticipated to project robust growth in the forecast period, 2022-2027, with a CAGR of 4.15% on account of factors such as rising worldwide temperatures and humidity levels, as well as a growing acceptance of air conditioners as a necessity rather than a luxury item, particularly in the Asia-Pacific region. Air conditioning is a feature that enables the inside environment to be cooled, heated, and ventilated. Although the phrase "air conditioning" is most commonly associated with cooling, the process of air conditioning systems also includes humidity control and air cleaning as vital functions. The air conditioning system generates a comfortable environment that increases human efficiency while also circulating filtered air inside a limited space and preventing dust particles or smoke from entering. As a result, these systems are commonly used in residential areas.

Moreover, another major factor contributing to the growth of residential air conditioner market is the increasing use of energy-efficient and renewable energy products. Also, the consumer preferences are inclining towards sustainability; therefore, global residential air conditioner market players are opting for sustainable methods, which are anticipated to enhance their consumer base further. Currently, around one-third of global households have an air conditioner. More than 90% of houses in countries such as the United States and Japan have air conditioning. Additionally, the cost of air conditioning equipment is steadily falling as technology advances and efficiency improves. Due to the high competition in the air conditioning systems market (particularly in Asia-Pacific and the Middle East & Africa regions), businesses are frequently offering equipment at cheaper prices in order to increase sales.

Also, regulatory bodies and governments have clearly stated that all air conditioner manufacturing enterprises must incorporate higher Energy Efficient Ratio (EER) in their equipment. Semi-government and private project owners have become wary of this approach, and as a result, they are increasingly relying on cutting-edge energy-saving technologies such as eco-friendly inverter technology-based units, and solar energy-based air conditioners. Furthermore, the emergence of various government initiatives emphasizing the need for eco-friendly product variations has aided market expansion. For example, the Energy Efficiency Services Limited, Government of India, launched the 'Super-Efficient Air Conditioning Program' in 2019 to replace traditional air conditioning systems with modern and eco-friendly alternatives.

Increasing Technological Advancements

Technologies such as corrosion protection, indoor air quality, voltage fluctuation protection, dual inverter technology with acoustic jacket, humidity control using auto humid control and dry mode, copper condenser, and anti-corrosive hydrophilic bluefin, among others, are transforming air conditioners. As a result, in order to match consumer demand, industry participants are constantly introducing new technological breakthroughs in their product portfolio. Hitachi, Daikin, and LG are at the forefront of air conditioning technology, having phased out obsolete and environmentally unfavorable systems. Such factors are expected to positively impact the residential air conditioner market around the world.

Change in Climatic Conditions

The key driver of growth in the global residential air conditioners market is changing climatic conditions. Temperatures are rising all around the world, owing primarily to global warming, which is increasing demand for air conditioners in the residential sector. Furthermore, the majority of rising economies with strong economic growth are located partly (e.g., China or India, or coastal areas in Central and South America) or entirely (South-East Asia, Sub-Saharan Africa) in tropical climates. Their demand for air cooling is constantly increasing in order to improve consumer comfort. This is expected to propel the growth of residential air conditioners across the globe during the forecast period.

Rising Growing GDP Per Capita Income Fueling the Market Growth

One of the primary drivers of growth in the global residential air conditioners market is rising GDP per capita income. It denotes an increase in consumer spending power as well as their quality of living. Consumers are willing to spend more on comfort and convenience. They are willing to pay more and do not want to compromise on product quality. With rising GDP per capita income around the world, demand for air conditioners will surge. This factor is anticipated to contribute immensely to the residential air conditioner market.


Market Segmentation

The global residential air conditioner market is segmented based on product type, distribution channel, region, and competitional landscape. On the basis of product type, the market is further fragmented into split air conditioners, window air conditioners, and others. Based on distribution channel, the market is segmented into multi branded electronic stores, supermarket/hypermarket, online, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Daikin Industries, Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., Johnson Controls-Hitachi Air Conditioning Limited, LG Electronics Inc., Panasonic Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, etc. are among the major market players in the global platform that lead the market growth of the global residential air conditioner market.         

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Attribute

Details

Market Size Value in 2021

USD55.12 Billion

Revenue Forecast in 2027

USD70.81 Billion

Growth Rate

4.15%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Product Type

·         Distribution Channel

·         Region

·         Company

Regional Scope

Asia-Pacific, North America, Middle East & Africa, Europe, and South America

Key Companies Profiled

Daikin Industries, Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., Johnson Controls-Hitachi Air Conditioning Limited, LG Electronics Inc., Panasonic Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, global residential air conditioner market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Residential Air Conditioner Market, By Product Type:
    • Splits
    • Windows
    • Others
  • Global Residential Air Conditioner Market, By Distribution Channel:
    • Multi Branded Electronic Stores
    • Supermarkets/Hypermarkets
    • Online
    • Others
  • Global Residential Air Conditioner Market, By Region:
    • Asia-Pacific
    • North America
    • Middle East & Africa
    • Europe
    • South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global residential air conditioner market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).


Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decisions

4.3.  Challenges Faced Post Purchase

5.    Global Residential Air Conditioner Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type (Splits, Windows, Others)

5.2.2.    By Distribution Channel (Multi Branded Electronic Stores,  Supermarket/     Hypermarket, Online and Others)

5.2.3.     By Region (Asia-Pacific, North America, Middle East & Africa, Europe, and South America)

5.2.4.     By Company (2021)

5.3.  Market Map (By Product Type, By Region)

6.    Asia-Pacific Residential Air Conditioner Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type

6.2.2.    By Distribution Channel

6.2.3.    By Country

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Residential Air Conditioner Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product type

6.3.1.2.2.           By Distribution Channel

6.3.1.2.3.           By Application

6.3.2.    Japan Residential Air Conditioner Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product type

6.3.2.2.2.           By Distribution Channel

6.3.2.2.3.           By Application

6.3.3.    India Residential Air Conditioner Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product type

6.3.3.2.2.           By Distribution Channel

6.3.3.2.3.           By Application

6.3.4.    Indonesia Residential Air Conditioner Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Product type

6.3.4.2.2.           By Distribution Channel

6.3.4.2.3.           By Application

6.3.5.    Vietnam Residential Air Conditioner Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Product type

6.3.5.2.2.           By Distribution Channel

6.3.5.2.3.           By Application

6.3.6.    Australia Residential Air Conditioner Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Product type

6.3.6.2.2.           By Distribution Channel

6.3.6.2.3.           By Application

7.    North America Residential Air Conditioner Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type

7.2.2.    By Distribution Channel

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Residential Air Conditioner Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product type

7.3.1.2.2.           By Distribution Channel

7.3.1.2.3.           By Application

7.3.2.    Mexico Residential Air Conditioner Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product type

7.3.2.2.2.           By Distribution Channel

7.3.2.2.3.           By Application

7.3.3.    Canada Residential Air Conditioner Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product type

7.3.3.2.2.           By Distribution Channel

7.3.3.2.3.           By Application

8.    Middle East and Africa Residential Air Conditioner Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type

8.2.2.    By Distribution Channel

8.2.3.    By Country

8.3.  Middle East and Africa: Country Analysis

8.3.1.    Saudi Arabia Residential Air Conditioner Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product type

8.3.1.2.2.           By Distribution Channel

8.3.1.2.3.           By Application

8.3.2.    Egypt Residential Air Conditioner Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product type

8.3.2.2.2.           By Distribution Channel

8.3.2.2.3.           By Application

8.3.3.    UAE Residential Air Conditioner Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product type

8.3.3.2.2.           By Distribution Channel

8.3.3.2.3.           By Application

8.3.4.    Turkey Residential Air Conditioner Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Product type

8.3.4.2.2.           By Distribution Channel

8.3.4.2.3.           By Application

9.    Europe Residential Air Conditioner Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type

9.2.2.    By Distribution Channel

9.2.3.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Russia Residential Air Conditioner Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product type

9.3.1.2.2.           By Distribution Channel

9.3.1.2.3.           By Application

9.3.2.    Italy Residential Air Conditioner Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product type

9.3.2.2.2.           By Distribution Channel

9.3.2.2.3.           By Application

9.3.3.    Spain Residential Air Conditioner Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product type

9.3.3.2.2.           By Distribution Channel

9.3.3.2.3.           By Application

9.3.4.    United Kingdom Residential Air Conditioner Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Product type

9.3.4.2.2.           By Distribution Channel

9.3.4.2.3.           By Application

9.3.5.    France Residential Air Conditioner Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Product type

9.3.5.2.2.           By Distribution Channel

9.3.5.2.3.           By Application

10. South America Residential Air Conditioner Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Distribution Channel

10.2.3. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Residential Air Conditioner Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product type

10.3.1.2.2.         By Distribution Channel

10.3.1.2.3.         By Application

10.3.2. Argentina Residential Air Conditioner Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product type

10.3.2.2.2.         By Distribution Channel

10.3.2.2.3.         By Application

10.3.3. Colombia Residential Air Conditioner Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product type

10.3.3.2.2.         By Distribution Channel

10.3.3.2.3.         By Application

11.  Market Dynamics

11.1. Drivers

11.2. Challenges

12.  Market Trends and Developments

13.  Impact of COVID-19 on Global Residential Air Conditioner Market

14.  Competitive Landscape

14.1.             Daikin Industries, Ltd.

14.2.             Gree Electric Appliances Inc.

14.3.             Carrier Global Corporation

14.4.             Midea Group Co., Ltd.

14.5.             Samsung Electronics Co., Ltd.

14.6.             Johnson Controls-Hitachi Air Conditioning Limited

14.7.             LG Electronics Inc.

14.8.             Panasonic Corporation

14.9.             Mitsubishi Electric Corporation

14.10.          Toshiba Corporation

15. Strategic Recommendations

Figures and Tables

Figure 1: Global Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 2: Global Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 3: Global Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 4: Global Residential Air Conditioner Market Share, By Region, By Value, 2017-2027F

Figure 5: Global Residential Air Conditioner Market Share, By Company, By Value, 2021

Figure 6: Global Residential Air Conditioner Market Map, By Product Type, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 7: Global Residential Air Purifier Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2021

Figure 8: Asia-Pacific Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F   

Figure 9: Asia-Pacific Country-wise Population (Million), 2020

Figure 10: Asia-Pacific Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 11: Asia-Pacific Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 12: Asia-Pacific Residential Air Conditioner Market Share, By Country, By Value, 2017-2027F

Figure 13: China Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 14: China GDP at Current Price (USD Billion), 2015-2020

Figure 15: China Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 16: China Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 17: China Residential Air Conditioner Market Share, By Application, By Value, 2021    

Figure 18: Japan Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 19: Japan GDP at Current Price (USD Billion), 2015-2020

Figure 20: Japan Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 21: Japan Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F 

Figure 22: Japan Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 23: India Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 24: India GDP at Current Price (USD Billion), 2015-2020

Figure 25: India Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 26: India Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 27: India Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 28: Indonesia Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 29: Indonesia GDP at Current Price (USD Billion), 2015-2020

Figure 30: Indonesia Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F           

Figure 31: Indonesia Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 32: Indonesia Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 33: Vietnam Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 34: Vietnam GDP at Current Price (USD Billion), 2015-2020

Figure 35: Vietnam Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 36: Vietnam Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 37: Vietnam Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 38: Australia Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 39: Australia GDP at Current Price (USD Billion), 2015-2020

Figure 40: Australia Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 41: Australia Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 42: Australia Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 43: North America Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 44: North America Country-wise Population (Million), 2020

Figure 45: North America Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 46: North America Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 47: North America Residential Air Conditioner Market Share, By Country, By Value, 2017-2027F

Figure 48: United States Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 49: United States GDP at Current Price (USD Billion), 2015-2020

Figure 50: United States Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 51: United States Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 52: United States Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 53: Mexico Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 54: Mexico GDP at Current Price (USD Billion), 2015-2020

Figure 55: Mexico Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 56: Mexico Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 57: Mexico Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 58: Canada Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 59: Canada GDP at Current Price (USD Billion), 2015-2020

Figure 60: Canada Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 61: Canada Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 62: Canada Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 63: Middle East & Africa Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 64: Middle East and Africa Country-wise Population (Million), 2020         

Figure 65: Middle East & Africa Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 66: Middle East & Africa Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 67: Middle East & Africa Residential Air Conditioner Market Share, By Country, By Value, 2017-2027F

Figure 68: Saudi Arabia Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 69: Saudi Arabia GDP at Current Price (USD Billion), 2015-2020

Figure 70: Saudi Arabia Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 71: Saudi Arabia Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 72: Saudi Arabia Residential Air Conditioner Market Share, By Application, By Value, 2021     

Figure 73: Egypt Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 74: Egypt GDP at Current Price (USD Billion), 2015-2020

Figure 75: Egypt Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 76: Egypt Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 77: Egypt Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 78: UAE Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 79: UAE GDP at Current Price (USD Billion), 2015-2020

Figure 80: UAE Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 81: UAE Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F           

Figure 82: UAE Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 83: Turkey Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 84: Turkey GDP at Current Price (USD Billion), 2015-2020

Figure 85: Turkey Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 86: Turkey Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 87: Turkey Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 88: Europe Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 89: Europe Country-wise Population (Million), 2020           

Figure 90: Europe Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 91: Europe Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 92: Europe Residential Air Conditioner Market Share, By Country, By Value, 2017-2027F

Figure 93: Russia Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 94: Russia GDP at Current Price (USD Billion), 2015-2020

Figure 95: Russia Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 96: Russia Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 97: Russia Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 98: Italy Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 99: Italy GDP at Current Price (USD Billion), 2015-2020

Figure 100: Italy Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 101: Italy Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 102: Italy Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 103: Spain Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 104: Spain GDP at Current Price (USD Billion), 2015-2020

Figure 105: Spain Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 106: Spain Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 107: Spain Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 108: United Kingdom Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 109: United Kingdom GDP at Current Price (USD Billion), 2015-2020

Figure 110: United Kingdom Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 111: United Kingdom Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 112: United Kingdom Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 113: France Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 114: France GDP at Current Price (USD Billion), 2015-2020

Figure 115: France Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 116: France Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 117: France Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 118: South America Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 119: South America Country-wise Population (Million), 2020

Figure 120: South America Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 121: South America Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 122: South America Residential Air Conditioner Market Share, By Country, By Value, 2017-2027F

Figure 123: Brazil Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 124: Brazil GDP at Current Price (USD Billion), 2015-2020

Figure 125: Brazil Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 126: Brazil Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 127: Brazil Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 128: Argentina Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 129: Argentina GDP at Current Price (USD Billion), 2015-2020

Figure 130: Argentina Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 131: Argentina Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 132: Argentina Residential Air Conditioner Market Share, By Application, By Value, 2021

Figure 133: Colombia Residential Air Conditioner Market Size, By Value (USD Billion), 2017-2027F

Figure 134: Colombia GDP at Current Price (USD Billion), 2015-2020

Figure 135: Colombia Residential Air Conditioner Market Share, By Product Type, By Value, 2017-2027F

Figure 136: Colombia Residential Air Conditioner Market Share, By Distribution Channel, By Value, 2017-2027F

Figure 137: Colombia Residential Air Conditioner Market Share, By Application, By Value, 2021
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Frequently asked questions

Frequently asked questions

The global residential air conditioner market is anticipated to grow at a CAGR of 4.15% in the forecast period due to factors such as growing disposable income of middle-class population, increasing awareness about sustainable technological advancements in residential air conditioners and widening product range, etc

Online segment is the fastest growing segment in the global residential air conditioner market as it has enabled enterprises to broaden their distribution reach and serve customers in even the most remote places, hence aiding the global residential air conditioners market's growth. The segment is projected to grow at a CAGR of 5.86% in the forecast period.

The impact of COVID-19 pandemic situation has led to a decline in demand post lockdown, several people's health was affected as a result of the introduction of novel coronavirus, and the pandemic also sparked a global debate over indoor air quality, which led to a decline in demand for air conditioners across the globe.

The top 10 players in the global residential air conditioner market are Daikin Industries, Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Midea Group Co., Ltd., Samsung Electronics Co., Ltd., Johnson Controls-Hitachi Air Conditioning Limited, LG Electronics Inc., Panasonic Corporation, Mitsubishi Electric Corporation, and Toshiba Corporation.

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