Subscribe to the daily news Sign in
En
MarkNtel sees global air conditioner market reaching USD 201.59bn by 2032
13 April 2026

MarkNtel sees global air conditioner market reaching USD 201.59bn by 2032

MarkNtel Advisors projects the global air conditioners market to grow at a CAGR of about 5.54% from 2026 to 2032, reaching USD 201.59 billion by 2032 from USD 145.9 billion in 2026. The report said the market was valued at USD 134.51 billion in 2025 and linked growth to rapid urbanization, rising temperatures, expanding residential infrastructure, and wider adoption of energy-efficient cooling technologies.

Asia-Pacific accounted for about 56% of the global market share in 2026, making it the leading region in the study. MarkNtel attributed the region’s position to demand in rapidly urbanizing economies, rising disposable incomes, and residential construction activity, with China and India identified as key demand markets.

By product type, room air conditioners held nearly 65% of the market in 2026, supported by demand in residential buildings and small commercial establishments. The report said split air conditioners remained popular because of quiet operation, improved energy efficiency, and advanced cooling features, while portable and window units also supported the segment in compact living spaces and rental housing.

By end user, the residential segment represented around 58% of the market share in 2026. MarkNtel said household demand for comfort and climate control, awareness of heat-related health risks, rising incomes, and expanding urban housing infrastructure supported sales, while offices, hotels, retail stores, and healthcare facilities also contributed to market growth.

The report said manufacturers are investing in inverter compressors, smart connectivity, AI-based cooling optimization, and refrigerants described as environmentally friendly. It also identified high energy consumption and environmental concerns as a key challenge, noting that stricter energy-efficiency standards and refrigerant regulations may raise manufacturing and compliance costs for HVAC suppliers.

Read More

Related tags: HVAC
Share
Get the daily refrigeration briefing
Trusted by 3,000+ refrigeration professionals worldwide
By subscribing, you create a free Refindustry account and agree to our Terms of Service and Privacy Policy.
No spam. Only industry-relevant news.
Unsubscribe anytime.

Related news

Future Market Insights sees heat pump market at USD 167.4bn by 2036
Future Market Insights said the global heat pump market is projected to reach USD 61.7 billion in 2026 and grow at a CAGR of 10.5% through 2036, reaching USD 167.4 billion. The company linked t...
05 May 2026
Fitzpatrick Introduces HVAC Efficiency Incentive Bill in US Congress
Rep. Brian Fitzpatrick, a Republican from Pennsylvania and member of the House Ways & Means Committee, introduced the
05 May 2026
SYCLEF enters Polish market with acquisition of PHI Group
SYCLEF has announced the integration of PHI (Polski Holding Instalacyjny), marking its first strategic operation in Central Europe. The move brings the international refrigeration and HVAC speci...
12 Feb 2026
Samsung expands HVAC portfolio with AI-driven residential and comme...
Samsung has introduced new residential and commercial HVAC systems featuring inverter technology, AI-powered controls, and support for low-GWP refrigerants. The latest product lineup focuses on ene...
17 Feb 2026
Daikin named defendant in U.S. HVAC price-fixing lawsuit
Daikin Industries and its U.S. subsidiaries have been named as defendants in a lawsuit filed in the United States District Court for the Eastern District of Michigan on March 20, 2026. The case all...
10 Apr 2026
Nature Communications study links AC use to extra warming
A study published in Nature Communications by Hongzhi Zhang and co-authors quantifies greenhouse gas emissions from global air-conditioning use under five SSP-RCP climate scenarios. In the middle-o...
19 Mar 2026