Central Air Conditioning Market by Type (Split System, Packaged Unit, Rooftop System), by Application (Residential, Commercial), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
The Central Air Conditioning Market size was valued at USD 32.94 USD billion in 2023 and is projected to reach USD 120.11 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Central air conditioning efficiently cools large spaces by using ductwork to distribute the air at different speeds and temperatures. Quickly employed by various sectors such as industry, health, and retail, it guarantees a safe working atmosphere. One-compartment, sealed, and cooled storage systems, are different types of central air conditioning that fulfils consumer demands. The equipment consists of an external unit with a compressor and condenser and an internal unit with an evaporator coil and air handling unit. Nowadays, advancement has emphasized energy-saving and environmental-friendly. The flexible transmission unit of variable refrigerant flow (VRF) systems provides the maximum energy saving. The use of smart thermostats and automation in buildings allows remote controls and monitoring which helps boost performance and the reduction of energy consumption. It is manifestation of overall industrial orientation towards green solutions that play an important role in the implementation of the sustainable development issues.
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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