Packaged Air Conditioner Market Report 2025 (Global Edition)

Global Packaged Air Conditioner Market Report 2025 Market Size Split by Product (Packaged AC with Water Cooled Condenser, Packaged AC with Air Cooled Condenser), by Splits (Single-split, Multi-split),...

Packaged Air Conditioner Market Report Description

We have various report editions of Packaged Air Conditioner Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Packaged Air Conditioner Market Insights Video

Competitive Landscape of the Packaged Air Conditioner Market

The competitive context of the packaged air conditioner industry offers information broken down by competition. In-depth information is provided about the business's background, finances, earnings, prospective markets, R&D spending, emerging market efforts, international manufacturing locations and infrastructure, manufacturing capabilities, company advantages and disadvantages, introduction of products, goods length and dimension, and sector superiority. The earlier statistics only pertain to the companies' concentration on the packaged air conditioner industry.

In August 2024, Mitsubishi Electric Corporation declared its existence as collaborated with Siemens Energy Global GmbH & Co. KG, a German company based in Munich, to jointly create standards for DC (direct current) Circuit Breakers and Direct Current (DC) Controlling Facilities. The goal of the partnership is to implement multi-terminal high-frequency DC (HVDC) facilities so that substantial sources of clean energy can operate effectively. (Source: https://www.mitsubishielectric.com/news/2024/0828.html) In March 2024, Hitachi Energy revealed the complete renovation and update of its electrical generator production plant in the matter, alongside several other facilities, in accordance with the rapidly growing demand from its clients for renewable energy sources in the United States. The state of Quebec within Investissement Quebec City will give more than $100 million (roughly CAD 140 million) to assignments located near Montreal. (Source: https://www.hitachi.com/New/cnews/month/2024/04/240515a.html) In May 2024, Daikin made five promises as part of its commitment to dramatically boost the availability of air conditioners in California. These promises will make possible the nation's objective of installing six million air conditioning units by the end of the year, which includes Daikin paving the way for manufacturing one million air conditioners. (Source: https://www.daikin.com/press/2024/20240531)

Top Companies Market Share in Packaged Air Conditioner Industry: (In no particular order of Rank)

• York
• S.K.M Air Conditioning LLC
• Carrier
• Panasonic
• Mitsubishi Electric
• Hitachi
• Daikin
• Rheem
• Trane
• Goodman Manufacturing Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Packaged Air Conditioner Market

Which Region Dominates the Packaged Air Conditioner Market in 2024?

According to Cognitive Market Research, North America currently dominates the packaged air conditioner market, and the region is expected to have significant growth during the projected period. This is because of the demand for cooling equipment that uses fewer resources in both business and residential settings. Innovative Heating, ventilation, and installation have expanded as a result of the region's attention to lowering greenhouse gases and adhering to renewable energy regulations. The growing acceptance of automated residences and environmentally friendly construction activities is also contributing to the packaged air conditioner market's expansion in this area.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to elements including temperature rise, manufacturing, and development. Interest in packaged air conditioners is also being driven up by an expanding middle class and increased financial resources in the area. Furthermore, the administrations of the region comply with green energy regulations, which promote the acceptance of sophisticated and power-efficient air conditioning systems in both urban and rural locations.

The current report Scope analyzes Packaged Air Conditioner Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Packaged Air Conditioner

According to Cognitive Market Research, the global packaged air conditioner market size was estimated at USD 1125.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the packaged air conditioner market with a market size of USD 355.11 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The U.S. market's Stringent governmental regulations.
• The Canada packaged air conditioner market had a market share of USD 54.01 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada’s rising awareness among electric vehicles.
• The Mexico packaged air conditioner market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 40.96 million in 2024.

Europe Packaged Air Conditioner

According to Cognitive Market Research, the global packaged air conditioner market size was estimated at USD 1125.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 337.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom packaged air conditioner market had a market share of USD 56.71 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, packaged air conditioner sales witness an upswing due to the nation's rising demand for innovative technology.
• The France packaged air conditioner market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 31.06 million in 2024.
• According to Cognitive Market Research, the German packaged air conditioner market size was valued at USD 66.84 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, packaged air conditioner surged due to the presence of major market players.
• The Italy packaged air conditioner market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 29.03 million in 2024.
• The Russia packaged air conditioner market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 52.32 million in 2024.
• The Spain packaged air conditioner market is projected to witness growth at a CAGR of 28.1% during the forecast period with a market size of USD 27.68 million in 2024
• The Luxembourg packaged air conditioner market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 10.46 million in 2024.
• The Portugal packaged air conditioner market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 7.09 million in 2024.
• The Greece packaged air conditioner market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 4.05 million in 2024.
• The Rest of Europe's packaged air conditioner market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 52.32 million in 2024.

Asia Pacific Packaged Air Conditioner

According to Cognitive Market Research, the global packaged air conditioner market size was estimated at USD 1125.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 258.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China packaged air conditioner market size was valued at USD 116.46 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Packaged air conditioner surged in China due to Increased focus of the manufacturers and major market players.
• The Japan packaged air conditioner market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 35.71 million in 2024.
• The India packaged air conditioner market had a market share of USD 31.06 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's increase in worries about environment sustainability.
• The South Korean packaged air conditioner market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 25.88 million in 2024.
• The Australian packaged air conditioner market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 13.46 million in 2024.
• The South East Asia packaged air conditioner market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 17.86 million in 2024.
• The Rest of Asia Pacific packaged air conditioner market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 18.37 million in 2024.

South America Packaged Air Conditioner

According to Cognitive Market Research, the global packaged air conditioner market size was estimated at USD 1125.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 56.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil packaged air conditioner market size was valued at USD 24.08 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Packaged air conditioner flourished in Brazil due to increasing demand for energy efficient sources.
• Argentina's packaged air conditioner market had a market share of USD 9.45 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia packaged air conditioner market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 5.01 million in 2024.
• Peru packaged air conditioner market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 4.61 million in 2024.
• Chile packaged air conditioner market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4.05 million in 2024.
• The Rest of Latin America's packaged air conditioner market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 9.06 million in 2024.

Middle East Packaged Air Conditioner

According to Cognitive Market Research, the global packaged air conditioner market size was estimated at USD 1125.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 22.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries packaged air conditioner market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 9.63 million in 2024. Packaged air conditioner sales flourish due to the presence of major market players.
• The Egypt packaged air conditioner market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 2.36 million in 2024.
• The South Africa packaged air conditioner market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 3.56 million in 2024. Packaged air conditioner sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey packaged air conditioner market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1.94 million in 2024.
• The Nigeria packaged air conditioner market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 2.36 million in 2024.
• The Rest of the MEA packaged air conditioner market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 2.66 million in 2024.

Packaged Air Conditioner Market Analysis

How are Segments Performing in the Global Packaged Air Conditioner Market?

Packaged Air Conditioner Market Product Segment Analysis

According to Cognitive Market Research, packaged AC with a water-cooled condenser is likely to dominate the packaged air conditioner market over the forecast period. Because water-cooled condensers are utilized extensively in commercial operations such as food preservation, dairy cultivation, and pharmaceutical research. The temperature substitute productivity of water-cooled condensers is higher, which improves system reliability and energy economy. Smaller condensing pressures are achieved by water-cooled systems, which improves system effectiveness overall.

The packaged AC with an air-cooled condenser is the fastest-growing segment in the packaged air conditioner market. Because they do not require cooling fluid, ACCs are an excellent option for places with limited or costly water supplies. Because of decreased rusting in the medium that regulates temperatures, air-cooled condensing units (ACCs) have extended service lives. Moreover, there's little chance of material leakage into the environment or wastewater using ACCs since they purify water without the need for additives.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Packaged Air Conditioner Industry. Request a Free Sample PDF!

Packaged Air Conditioner Market Splits Segment Analysis

According to Cognitive Market Research, the multi-split segment holds the largest share of the market. This is because multi-split systems have numerous advantages. Several methods through which multi-split systems could improve air purity are by minimizing the area covered and securely covering connections among both the inside and outside components. Furthermore, they offer enhanced sustainability and atmosphere, as well as tailored temperature regulation.

In the packaged air conditioner market, single-split usage has been growing quickly. Single-split platforms can assist in saving energy expenditures and decrease their detrimental impact on the ecosystem. Even under difficult circumstances, including severe storms or erratic generators, single-split systems are able to keep operating properly. Moreover, single-split systems can remove pollutants from the interior atmosphere.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Packaged Air Conditioner Application Segment Analysis

Packaged Air Conditioner Market Application Segment Analysis

According to Cognitive Market Research, the residential segment holds the largest market share. Because of its residential conditioning methods, which are fueled by things that include greater temperatures throughout the world, more money that can be spent, and the need for more convenience. Environment variables across different locations, improvement developments, and new home buildings all have an impact on the need for residential air conditioning systems.

In the packaged air conditioner market, the rapidly growing sector is industrial manufacturing. With a goal to preserve the excellence of the product and protect employees, packaged air conditioners are utilized in manufacturing enterprises, storage facilities, and other establishments that require exact temperature regulation. Effective and environmentally friendly cooling solutions are required by the organizational industry, which encompasses government facilities, educational institutions, and healthcare facilities, with an emphasis on satisfying strict regulatory standards and maintaining air quality.

• Residential
• Industrial Manufacturing
• Others

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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