The global packaged AC system market is anticipated to grow at a significant CAGR of 4.8% during the forecast period. Packaged AC system is the extended version of window air conditioners. These ACs have high cooling and heating capacity and also capable of cooling the entire commercial building. Packaged AC system is increasingly adopted by various industry such as business enterprise, healthcare industry, education institutions, and so on, due to its cost-effectiveness and compact sizing. The ACs are manufactured by using a component such as evaporators, compressors, condenser and other desired component for cooling and heating. The packaged ACs are of two types water-cooled and air-cooled. The need for energy-efficient and portable air conditioners is responsible for the growth of this market.
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Additionally, the rising temperature in several geographical regions is also dominating the market of packaged air conditioners. Around 40% of the global population lives in tropical regions where they are exposed to life-threatening temperatures for at least 20 days every year. According to Daikin Industries, Ltd., 12 thousand people annually die due to these heatwaves. The World Health Organization (WHO) had estimated that more than 255 thousand people will be killed annually from this heatwave in 2050. Thus it makes AC systems to be considered necessary for life and not in the luxurious category.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Packaged AC System Market by Condenser Type
- Water Cooled Type
- Air Cooled Type
Global Packaged AC System Market by Type
- Inverter Type
- Non Inverter Type
Global Packaged AC System Market by End-User
- Residential
- Commercial
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Blue Star, Ltd.
- Carrier Corp.
- Daikin Industries, Ltd.
- ETA General Pvt. Ltd.
- Fujitsu General, Ltd.
- Goodman Manufacturing Company, L.P.
- Gree Electric Appliances, Inc.
- Hitachi Appliances, Inc.
- Johnson Controls, Inc.
- Lennox International, Inc.
- LG Electronics, Inc.
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Rheem Manufacturing Co.
- Samsung Electronics Co., Ltd.
- Shanghai Shenglin M&E Technology Co., Ltd.
- Sidwal Refrigeration Industries Pvt. Ltd.
- TraneTechnologies Company, LLC
- Voltas, Ltd.
- Weatherite Air Conditioning, Ltd.
- Whirlpool Corp.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global packaged AC system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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