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Global Commercial Air Conditioning System Market Size study & Forecast, by Type (VRF, Ducted Split, Split Units, Room ACs, Others), by Installation Type (New Installation, Retrofit), by End User (Office and Buildings, Supermarkets, Transportation, Government, Healthcare, Others) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G61AAD824ED1EN
Bizwit Research & Consulting LLP

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Global Commercial Air Conditioning System Market is valued approximately USD 40.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030. A commercial air conditioning system is a system designed to cool and dehumidify the air in commercial or large-scale buildings such as offices, shopping malls, hospitals, hotels, and industrial facilities. These systems are typically more complex and powerful than residential air conditioning systems to meet the higher cooling demands of commercial spaces. The rising concern about indoor air quality has a significant impact on the demand for commercial air conditioning systems. The market for commercial air conditioning systems has been steadily expanding and evolving as a result of consumer demand for innovative, energy-efficient, and environmentally friendly products. There will likely be a big demand for commercial air conditioners due to the increasing investment by governments and private companies on infrastructure across the world. The development of energy-efficient smart commercial air conditioners has increased demand for air conditioners while causing less ozone depletion or air pollution. Additionally, the demand for smart commercial air conditioners with innovative inverter technology and environmentally friendly solutions has been spurred by the increasing number of smart households and business spaces throughout the world.

Moreover, the cohesive government initiatives are anticipated to create the lucrative demand for the market during forecast period. According to the IEA in 2020, USD 66 billion in financing for energy efficiency-related initiatives announced as part of governments' stimulus packages. Unsurprisingly, a major portion (USD 26 billion) has been dedicated to the construction industry, since investments in building efficiency are anticipated to produce roughly 15 jobs for every USD 1 million spent. Additionally, adoption of smart technologies in the commercial air conditioning industry along with improvement in housing standard is anticipated to create the lucrative opportunity for the market during forecast period. However, the high installation and maintenance costs of Commercial Air Conditioning System stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Commercial Air Conditioning System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to growing disposable income, increase in office buildings, retail malls, and other commercial locations. North America is expected to grow significantly during the forecast period, owing to increased use of energy-efficient air conditioners due to lowering energy consumption rates is expected to stimulate demand for new and improved air conditioners. The replacement of hazardous or ozone-depleting refrigerants, such as the ban on R-22 refrigerant and the transition to R-32 refrigerant from R-410A since R-32 is a far less dangerous gas for the environment, is predicted to fuel commercial AC growth in North America throughout the projection period.

Major market player included in this report are:
Carrier Global Corporation
Daikin Industries, Ltd.
Fujitsu general Ltd.
Haier Inc.
Hitachi, Ltd.
LG Electronics Inc.
Mitsubishi Electric Corporation
Panasonic Corporation
Voltas, Inc.
Blue Star Limited
Recent Developments in the Market:
In January 2023, The UN Environment Programme (UNEP)-led Cool Coalition announced the formation of a Global Cooling Pledge and a 'Cool COP Menu of Actions' that would be prominently highlighted during COP28 as the Earth continues to overheat at an alarming rate. Over the next months, the Menu will be developed in collaboration with partners including Sustainable Energy for All (SEforALL) and the International Renewable Energy Agency (IRENA).

Global Commercial Air Conditioning System Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered -Type, Installation Type, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:


By Type:
VRF
Ducted Split
Split Units
Room ACs
Others
By Installation Type:
New Installation
Retrofit
By End User:
Office and Buildings
Supermarkets
Transportation
Government
Healthcare
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Commercial Air Conditioning System Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Commercial Air Conditioning System Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Commercial Air Conditioning System Market, by Installation Type, 2020-2030 (USD Billion)
  1.2.4. Commercial Air Conditioning System Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET DYNAMICS

3.1. Commercial Air Conditioning System Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing spendings on infrastructure
    3.1.1.2. Demand for energy saving and cutting-edge solutions
  3.1.2. Market Challenges
    3.1.2.1. High installation cost of Commercial Air Conditioning System
    3.1.2.2. Changes in humidity and temperature
  3.1.3. Market Opportunities
    3.1.3.1. Advancement in Technology

CHAPTER 4. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Commercial Air Conditioning System Market by Type, Performance - Potential Analysis
5.3. Global Commercial Air Conditioning System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Commercial Air Conditioning System Market, Sub Segment Analysis
  5.4.1. VRF
  5.4.2. Ducted Split
  5.4.3. Split Units
  5.4.4. Room ACs
  5.4.5. Others

CHAPTER 6. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET, BY INSTALLATION TYPE

6.1. Market Snapshot
6.2. Global Commercial Air Conditioning System Market by Installation Type, Performance - Potential Analysis
6.3. Global Commercial Air Conditioning System Market Estimates & Forecasts by Installation Type 2020-2030 (USD Billion)
6.4. Commercial Air Conditioning System Market, Sub Segment Analysis
  6.4.1. New Installation
  6.4.2. Retrofit

CHAPTER 7. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET, BY END USER

7.1. Market Snapshot
7.2. Global Commercial Air Conditioning System Market by End User, Performance - Potential Analysis
7.3. Global Commercial Air Conditioning System Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Commercial Air Conditioning System Market, Sub Segment Analysis
  7.4.1. Office and Buildings
  7.4.2. Supermarkets
  7.4.3. Transportation
  7.4.4. Government
  7.4.5. Healthcare
  7.4.6. Others

CHAPTER 8. GLOBAL COMMERCIAL AIR CONDITIONING SYSTEM MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Commercial Air Conditioning System Market, Regional Market Snapshot
8.4. North America Commercial Air Conditioning System Market
  8.4.1. U.S. Commercial Air Conditioning System Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Installation Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Commercial Air Conditioning System Market
8.5. Europe Commercial Air Conditioning System Market Snapshot
  8.5.1. U.K. Commercial Air Conditioning System Market
  8.5.2. Germany Commercial Air Conditioning System Market
  8.5.3. France Commercial Air Conditioning System Market
  8.5.4. Spain Commercial Air Conditioning System Market
  8.5.5. Italy Commercial Air Conditioning System Market
  8.5.6. Rest of Europe Commercial Air Conditioning System Market
8.6. Asia-Pacific Commercial Air Conditioning System Market Snapshot
  8.6.1. China Commercial Air Conditioning System Market
  8.6.2. India Commercial Air Conditioning System Market
  8.6.3. Japan Commercial Air Conditioning System Market
  8.6.4. Australia Commercial Air Conditioning System Market
  8.6.5. South Korea Commercial Air Conditioning System Market
  8.6.6. Rest of Asia Pacific Commercial Air Conditioning System Market
8.7. Latin America Commercial Air Conditioning System Market Snapshot
  8.7.1. Brazil Commercial Air Conditioning System Market
  8.7.2. Mexico Commercial Air Conditioning System Market
8.8. Middle East & Africa Commercial Air Conditioning System Market
  8.8.1. Saudi Arabia Commercial Air Conditioning System Market
  8.8.2. South Africa Commercial Air Conditioning System Market
  8.8.3. Rest of Middle East & Africa Commercial Air Conditioning System Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Carrier Global Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Daikin Industries, Ltd.
  9.3.3. Fujitsu general Ltd.
  9.3.4. Haier Inc.
  9.3.5. Hitachi, Ltd.
  9.3.6. LG Electronics Inc.
  9.3.7. Mitsubishi Electric Corporation
  9.3.8. Panasonic Corporation
  9.3.9. Voltas, Inc.
  9.3.10. Blue Star Limited

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Commercial Air Conditioning System Market, report scope
TABLE 2. Global Commercial Air Conditioning System Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Commercial Air Conditioning System Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Commercial Air Conditioning System Market estimates & forecasts by Installation Type 2020-2030 (USD Billion)
TABLE 5. Global Commercial Air Conditioning System Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 6. Global Commercial Air Conditioning System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Commercial Air Conditioning System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Commercial Air Conditioning System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Commercial Air Conditioning System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Commercial Air Conditioning System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Commercial Air Conditioning System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Commercial Air Conditioning System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Commercial Air Conditioning System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Commercial Air Conditioning System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Commercial Air Conditioning System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Commercial Air Conditioning System Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Commercial Air Conditioning System Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Commercial Air Conditioning System Market
TABLE 71. List of primary sources, used in the study of global Commercial Air Conditioning System Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Commercial Air Conditioning System Market, research methodology
FIG 2. Global Commercial Air Conditioning System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Commercial Air Conditioning System Market, key trends 2022
FIG 5. Global Commercial Air Conditioning System Market, growth prospects 2023-2030
FIG 6. Global Commercial Air Conditioning System Market, porters 5 force model
FIG 7. Global Commercial Air Conditioning System Market, pest analysis
FIG 8. Global Commercial Air Conditioning System Market, value chain analysis
FIG 9. Global Commercial Air Conditioning System Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Commercial Air Conditioning System Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Commercial Air Conditioning System Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Commercial Air Conditioning System Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Commercial Air Conditioning System Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Commercial Air Conditioning System Market, regional snapshot 2020 & 2030
FIG 15. North America Commercial Air Conditioning System Market 2020 & 2030 (USD Billion)
FIG 16. Europe Commercial Air Conditioning System Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Commercial Air Conditioning System Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Commercial Air Conditioning System Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Commercial Air Conditioning System Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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