HomePress-release

Redding, California - April 9, 2025

Air Conditioners (ACs) Market to be Worth $276.7 Billion by 2032

Air Conditioners Market Size, Share, Forecast, & Trends by Type (Window ACs, Split ACs, VRF, Centralized/Ducted ACs, Portable ACs), Tonnage, Technology (Inverter & Non-Inverter), Rating, End User (Residential, Commercial, Industrial), and Geography - Global Forecast to 2032

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Air Conditioners Market—Global Opportunity Analysis and Industry Forecast (2025-2032)’. According to this latest publication from Meticulous Research^®, the air conditioners market is expected to reach $276.7 billion by 2032, at a CAGR of 6.1% from 2025 to 2032.

In terms of volume, the air conditioners market is projected to reach 1071.5 million units by 2032, at a CAGR of 7% during the forecast period.

The growth of this market is attributed to factors such as rising temperatures & humidity levels across the world, growing consumers’ inclination toward convenience & comfort, and the rising demand for energy-efficient air conditioners. However, the high costs of air conditioners can restrain market growth. The rising adoption of air conditioners with inverter & air purification technologies and technological advancements in HVAC systems are creating market growth opportunities. However, air conditioners’ high energy use is a challenge for market growth. Additionally, connected ACs and solar photovoltaic (PV) & solar thermal-assisted air conditioning systems are a growing trend in this market.

The air conditioners market is segmented by type, tonnage, technology, rating, and end user. This study also evaluates industry competitors and analyzes the regional and country-level markets.

By type, in 2025, the split ACs segment is expected to account for the largest share of over 56.0% of this market. The large share of the segment is attributed to the growing demand for energy-efficient air conditioners and the rising focus of key market players on providing quality and innovative split ACs in the market. However, the centralized/ducted AC segment is anticipated to register the highest CAGR during the forecast period.

By tonnage, in 2025, up to 2 ton segment is expected to account for the largest share of over 66.0% of this market. Air conditioners with a capacity of up to 2 tons are well-suited for small homes and office spaces during the summer months. Their extensive use in the residential sector drives substantial demand in emerging economies, including Japan, China, and India. The significant market share of this segment is due to the variety of features these units offer and the high demand for air conditioning solutions in small residential and office environments. However, the 2 ton to 5 segment is expected to grow at the highest CAGR during the forecast period.

By technology, in 2025, the traditional ACs segment is expected to account for a larger share of this market. However, smart air conditioners are rapidly gaining traction due to increasing consumer demand for convenience, energy efficiency, and connected living. These units offer remote control via smartphones and smart assistants, allowing users to monitor, schedule, and optimize cooling based on preferences and occupancy. Features like energy usage tracking, AI-based temperature control, and real-time diagnostics enhance comfort while reducing electricity costs. The rise of smart homes, growing awareness of sustainability, and stricter energy efficiency regulations are further accelerating adoption. As urbanization and tech-savviness grow, especially in emerging markets, smart ACs are becoming a preferred choice over traditional models, driving their fast market growth.

By end user, in 2025, the residential end users segment is expected to account for the largest share of over 80.5% of this market. It is also estimated to record the highest CAGR during the forecast period. In the residential sector, air conditioners are essential for enhancing indoor air quality and fostering a healthier environment. By circulating filtered air and blocking dust particles and smoke, they create a comfortable living space. This segment’s large market share is driven by increased investment in smart homes, a growing focus on improving indoor air quality, and the introduction of advanced residential air conditioners.

By geography, in 2025, Asia-Pacific is expected to account for the largest share of over 48.0% of the air conditioners market. It is also expected to register the highest CAGR during the forecast period. This region’s large market share is attributed to factors such as efforts by leading AC providers to introduce new products, numerous real estate projects, and public-private investments in residential, industrial, and commercial developments. Moreover, the implementation of environmental regulations for energy-efficient cooling systems, rising installations of air conditioning units in emerging economies, and increased demand for residential construction in countries such as China, Japan, and India further contribute to the region's significant market presence.

Key Players:

The key players operating in the air conditioners market are Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation (U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG Electronics (South Korea), Voltas Limited (India), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation (Japan), Electrolux (Sweden), Gree Electric Appliances Inc. (China), Midea Group Co. Ltd (China), American Standard Companies Inc. (U.S.) and among others.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5384

Key questions answered in the report-

Which are the high-growth market segments based on type, tonnage, technology, rating, end user?
What was the historical market for air conditioners?
What are the market forecasts and estimates for the period 2025–2032?
What are the major drivers, restraints, and opportunities in the air conditioners market?
Who are the major players, and what shares do they hold in the air conditioners market?
How is the competitive landscape in the air conditioners market?
What are the recent developments in the air conditioners market?
What are the different strategies adopted by the major players in the air conditioners market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global air conditioners market, and how do they compete with the other players?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

3D Printing

5G Technology

Advanced Chemical & Materials

Agrochemicals

Algae Products

Alternative Proteins

Animal Health

Artificial Intelligence

Automotive Technologies

Big Data Analytics

Climate Technologies

Edible Insects

Electric Vehicle

Food & Agriculture Technologies

Hydrogen Technologies

Internet Of Things

In Vitro Diagnostics

Laboratory Instrumentation

Language Learning Technologies

Medical Technologies

Next Generation Technologies

Processing & Packaging Technologies

Robotics & Automation

Smart Technologies

Water & WastewaterTechnologies

Miscellaneous / Others

Redding, California - April 9, 2025

Air Conditioners (ACs) Market to be Worth $276.7 Billion by 2032

Air Conditioners Market Size, Share, Forecast, & Trends by Type (Window ACs, Split ACs, VRF, Centralized/Ducted ACs, Portable ACs), Tonnage, Technology (Inverter & Non-Inverter), Rating, End User (Residential, Commercial, Industrial), and Geography - Global Forecast to 2032

Recommended Readings

Advanced Chemical &
Materials

Food & Agriculture
Technologies

Next Generation
Technologies

Processing & Packaging
Technologies

Water & Wastewater
Technologies