Commercial AC Market Business Analysis, Growth and Forecast Report

According to P&S Intelligent, the market is expected to witness a sale of 25.4 million units of commercial ACs by 2030 as compared to 17.7 million units in 2019.

A number of factors such as the surging number of construction projects across the world, rising global temperature, increasing disposable income of populations in developing countries, and growing urban population are projected to boost the growth of the commercial air conditioner (AC) market at a CAGR of 3.5%, in terms of volume, in the forecast period (2020–2030).

According to PS Intelligent, the market is expected to witness a sale of 25.4 million units of commercial ACs by 2030 as compared to 17.7 million units in 2019. The primary factor improving the commercial AC market growth prospects is the growing construction industry. Due to the increasing number of construction projects, such as office premises, airports, metros, and residential buildings, the construction sector is expected to reach $12.8 trillion, globally, by 2022 from $10.5 trillion in 2017.

For example, China will construct 216 airports by 2035. Moreover, the number of high-rise buildings is increasing in the U.K. and the U.S. Thus, with the increasing construction activities, the demand for commercial ACs is surging, as these are widely used in all such spaces. The type segment of the commercial AC market is classified into variable refrigerant flow (VRF), split unit, ducted split/packaged unit, room AC, and chiller.

Among these, the split unit category accounted for the largest share in 2019 in the market. This is because a split unit can be used self-sufficiently, for effective and appropriate cooling, with just one outdoor compressor, and it is easier to operate and maintain. Whereas, the VRF category is projected to record the fastest growth during the foreseeable period, owing to its features, such as cost-effectiveness, energy efficiency, and flexibility during installation. 

This market research report provides a comprehensive overview of the market

  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings