According to a new market report released by Transparency Market Research titled “Air Conditioning Systems Market ((Product – Split AC and Window AC); (Application – RAC, PAC and VRF); (End Use – Residential and Commercial); (Distribution Channel – Online and Offline)) – Analysis Global Industry, Size, Share, Growth, Trends and Forecast, 2018 – 2026, the global air conditioning systems market is expected to reach $ 211,259.4 million by 2026, with a CAGR of 4.6% from 2018 to 2026. In terms of volume, the market is expected to reach 190,703,000 units by 2026, with a CAGR of 3 , 6% from 2018. until 2026. The market is segmented by regions in North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and South America.
The Asia-Pacific air conditioning system market is the largest in the world and is expected to grow at a steady rate during the forecast period. Split air conditioners dominate the air conditioning system market in Asia Pacific compared to window air conditioners. Rising disposable income, changing lifestyle, hot climate and increasing construction industry are increasing the demand for room air conditioners (RACs) across the Asia-Pacific region. In the Asia-Pacific region, compared to other types of air conditioners such as PAC (Packaged Air Conditioners) and VRF (Variable Refrigerated Flow) systems, room air conditioners (RAC) dominate the market. China is the world’s largest air conditioning system market. In China, room air conditioners dominate the market. Japan and India are other important air conditioning markets for global air conditioning manufacturers.