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Integrated Central Air Conditioning Market Size - By application (home use, commercial use, and others), By type (air duct system, cold/hot water system, refrigerant system) & Region – Forecasts By 2030

  • PUBLISHED ON
  • 2023-07-27
  • NO OF PAGES
  • 205
  • CATEGORY
  • Electronics & Communication
Integrated Central Air Conditioning- Description

Commercial and residential spaces employ central air conditioning, a centralised cooling system. Through duct-line, it enables the distribution of chilled air from a central place to one or more rooms. Due to its capacity to control the temperature of sizable regions, the product is extensively employed in huge commercial locations.

Technology-advanced concepts have improved product operations, which has in turn increased product uptake. Either a split-system unit or a packaged unit makes up a central air conditioner. Room air conditioners are not as effective as central air conditioners.

The energy-efficient integrated central air conditioner has all-weather refrigeration, high-level automatic control, remote monitoring, and automatic fault alarm capabilities. It is a dedicated air conditioner for the dedicated machine room. It is appropriate for equipment rooms at different mobile communication operators, as well as for hospitals, businesses, research facilities, and other facilities.

 Integrated Central Air Conditioning Market- Overview

The Global Integrated Central Air Conditioning Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 2022-2030.

It is projected that the expansion of hospitals, hotels, clinics, theatres, and multiplexes will hasten market growth in the coming years. The industry is also anticipated to be fuelled by elements like the tourist and construction industries' optimistic expansion.

Over the forecast period, it is also anticipated that rising disposable incomes will help the sales of air conditioning equipment. Additionally, the market for air conditioning systems is anticipated to increase favourably due to customers' increasing preference for energy-efficient systems and the popularity of portable systems.

The growing population is also driving up demand for air conditioning equipment, which is expected to have a favourable impact on the building sector.

 Integrated Central Air Conditioning Market- Key trends

Increasing inclination of consumers towards energy-efficient systems

The introduction of technologically innovative concepts can enhance the functionality of products, allowing for greater global adoption. Global product demand will be driven in the near future by the use of artificial intelligence and the Internet of Things. Airports, hotels, apartment buildings, and medical facilities all around the world make extensive use of central air conditioning systems. In the upcoming years, a sizable investment in productive product development will aid in the market's expansion.

High investment in developing new commercial spaces

The need for contemporary, energy-saving central air conditioning systems is expanding as a result of rising income levels, modernization, and living standards, which have a significant impact on the residential and commercial HVAC industries. The choice of an adequate central air conditioning system is crucial in the commercial building business because a poor choice could increase the system's initial or ongoing expenses and reduce comfort and indoor air quality.

Integrated Central Air Conditioning Market- Segmental assessment

By Type
• Air duct system
• Cold/hot water system
• Refrigerant system
• Others

By application
• Home use
• Commercial use
• Others

Integrated Central Air Conditioning Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.

Integrated Central Air Conditioning Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Daikin Industries, Ltd., Lennox International Inc., Carrier, Blue Star Limited, Haier Inc., Mitsubishi Electric Corporation, Fujitsu General, Nortek Global HVAC, Trane, LG Electronics, and others.

Report scope
Global Integrated Central Air Conditioning Market: Historical Years- 2018-2021
Global Integrated Central Air Conditioning Market: Forecast Years- 2022-2030

Key segments covered-
1) By application (home use, commercial use, and others).
2) By type (air duct system, cold/hot water system, refrigerant system, and others).

Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

Top players profiled- Daikin Industries, Ltd., Lennox International Inc., Carrier, Blue Star Limited, Haier Inc., Mitsubishi Electric Corporation, Fujitsu General, Nortek Global HVAC, Trane, LG Electronics, and others.

1.     Global Integrated Central Air Conditioning Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Integrated Central Air Conditioning Market Definition & Description

1.3.  Global Integrated Central Air Conditioning Market Scope and Market Estimation

1.3.1.     Global Integrated Central Air Conditioning Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Integrated Central Air Conditioning Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Type of Global Integrated Central Air Conditioning Market

1.4.2.     Application of Global Integrated Central Air Conditioning Market

1.4.3.     Region of Global Integrated Central Air Conditioning Market

 

2.     Executive Summary

2.1.  Global Integrated Central Air Conditioning Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Integrated Central Air Conditioning Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.     Global Integrated Central Air Conditioning Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4.     Global Integrated Central Air Conditioning Market Estimates & Forecast Trend Analysis, by Type

4.1.  Global Integrated Central Air Conditioning Market Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2023 to 2033

4.1.1.     Air duct system

4.1.2.     Cold/hot water system

4.1.3.     Refrigerant system

 

5.     Global Integrated Central Air Conditioning Market Estimates & Forecast Trend Analysis, by Application

5.1.  Global Integrated Central Air Conditioning Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Home use

5.1.2.     Commercial us

 

6.     Global Integrated Central Air Conditioning Market Estimates & Forecast Trend Analysis, by Region

6.1.  Global Integrated Central Air Conditioning Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.     North America

6.1.2.     Europe

6.1.3.     Asia Pacific

6.1.4.     Middle East & Africa

6.1.5.     South America

 

7.     North America Integrated Central Air Conditioning Market: Estimates & Forecast Trend Analysis

7.1.  North America Integrated Central Air Conditioning Market Assessments & Key Findings

7.1.1.     North America Integrated Central Air Conditioning Market Introduction

7.1.2.     North America Integrated Central Air Conditioning Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By Application

7.1.2.3.  By Country

7.1.2.3.1.   The U.S.

7.1.2.3.2.   Canada

7.1.2.3.3.   Mexico

 

8.     Europe Integrated Central Air Conditioning Market: Estimates & Forecast Trend Analysis

8.1.  Europe Integrated Central Air Conditioning Market Assessments & Key Findings

8.1.1.     Europe Integrated Central Air Conditioning Market Introduction

8.1.2.     Europe Integrated Central Air Conditioning Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By Application

8.1.2.3.      By Country

8.1.2.3.1.   Germany

8.1.2.3.2.   U.K.

8.1.2.3.3.   France

8.1.2.3.4.   Italy

8.1.2.3.5.   Spain

8.1.2.3.6.   Russia

8.1.2.3.7.   Rest of Europe

 

9.     Asia Pacific Integrated Central Air Conditioning Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Integrated Central Air Conditioning Market Introduction

9.1.2.     Asia Pacific Integrated Central Air Conditioning Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.      By Type

9.1.2.2.      By Application

9.1.2.3.      By Country

9.1.2.3.1.   China

9.1.2.3.2.   Japan

9.1.2.3.3.   India

9.1.2.3.4.   Australia

9.1.2.3.5.   South Korea

9.1.2.3.6.   ASEAN

9.1.2.3.7.   Rest of Asia Pacific

 

10.  Middle East & Africa Integrated Central Air Conditioning Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Integrated Central Air Conditioning Market Introduction

10.1.2.  Middle East & Africa Integrated Central Air Conditioning Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.   By Application

10.1.2.3.   By Country

10.1.2.3.1.              U.A.E.

10.1.2.3.2.              Saudi Arabia

10.1.2.3.3.              Egypt

10.1.2.3.4.              South Africa

10.1.2.3.5.              Rest of Middle East & Africa

 

11.  South America Integrated Central Air Conditioning Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Integrated Central Air Conditioning Market Introduction

11.1.2.  South America Integrated Central Air Conditioning Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.   By Type

11.1.2.2.   By Application

11.1.2.3.   By Country

11.1.2.3.1.            Brazil

11.1.2.3.2.            Argentina

11.1.2.3.3.            Colombia

11.1.2.3.4.            Rest of South America

 

12.  Competition Landscape

12.1. Global Integrated Central Air Conditioning Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Integrated Central Air Conditioning Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.    Daikin Industries

13.1.1.     Company Overview & Key Stats

13.1.2.     Financial Performance & KPIs

13.1.3.     Product Portfolio

13.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    Lennox International Inc.

13.3.    Carrier

13.4.    Blue Star Limited

13.5.    Haier Inc.

13.6.    Mitsubishi Electric Corporation

13.7.    Fujitsu General

13.8.    Nortek Global HVAC

13.9.    Trane

13.10.  LG Electronics

13.11.  Others**

 

14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs

 

15.  Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

The Global Integrated Central Air Conditioning Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over 2022-2030.

What are the drivers shaping various markets?

The introduction of technologically innovative concepts can enhance the functionality of products, allowing for greater global adoption.

Who are the key competitors of market Players?

Some of the major players operating within the market are Daikin Industries, Ltd., Lennox International Inc., Carrier, Blue Star Limited, Haier Inc., Mitsubishi Electric Corporation, Fujitsu General, Nortek Global HVAC, Trane, LG Electronics, and others.

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