Dominance of Inverter AC in the Global Air Conditioning (AC) Market

The global air conditioning (AC) market is estimated to grow at a CAGR of 3.7% during the forecast period. The market growth is attributed to the dominance of inverter AC in the market. Inverter based air conditioners are increasingly adopted across the globe due to its efficiency and energy saving attributes. It uses variable speed compressors that can maintain more exact temperature control than on/off systems.

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The global AC market players such as Hitachi, Haier, Panasonic, Voltas, Daikin, LG Electronics and Onida are focusing to promote Inverter ACs. These players provide latest and innovative drive technology that reduces the number of parts that are used to transfer or transform a motion which results in lesser wastage of power. Additionally, most of the inverter ACs come with wide operating voltage range, to adjust the power of the compressor according to the voltage being supplied. Inverter air conditioning system varies the speed of the compressors and deliver precise cooling or heating power as required in a short time. 

Benefits of an inverter air conditioning includes cost effectiveness, quick temperature control and start-up time, quieter, and higher stability. This increases the adoption of inverter AC and hence drives the air conditioning market. Factors such as government regulations and energy-saving benefits are responsible for this rapid demand for inverter AC.

Further, government regulations are playing significant role in boosting air conditioning industry. New standards have been set for air conditioning systems which enables to reduce electricity wastage, enhance AC performance. For instance, Japan has put regulations that require air conditioners be set at a specific temperature depending on the season.  EU has regulations related to heating, cooling and emission of harmful gases. Climate friendly and environment protection standards set by the governments creating considerable scope for the air conditioning market. 

Global AC Market Segmentation

By Application

• Residential Commercial
• Industrial
• Healthcare
• Institutions
• Automotive

By Type

• Split-Type
• Indoor Packaged AC
• Rooftop
• Chillers
• VRF
• ACU/FCU

By Duct Type

• Ducted AC
• Ductless AC

By Refrigerators

• HCFCs
• HFC
• HFO
• Natural Refrigerants

Global AC Market – Segment by Region 

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa 
• Latin America

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