China Air Conditioning Systems Market Size & Outlook
Related Markets
China air conditioning systems market highlights
- The China air conditioning systems market generated a revenue of USD 25,832.1 million in 2024 and is expected to reach USD 54,123.8 million by 2033.
- The China market is expected to grow at a CAGR of 8.6% from 2025 to 2033.
- In terms of segment, ductless mini-split systems was the largest revenue generating type in 2024.
- Package Air Conditioners is the most lucrative type segment registering the fastest growth during the forecast period.
Air conditioning systems market data book summary
| Market revenue in 2024 | USD 25,832.1 million |
| Market revenue in 2033 | USD 54,123.8 million |
| Growth rate | 8.6% (CAGR from 2025 to 2033) |
| Largest segment | Ductless mini-split systems |
| Fastest growing segment | Package Air Conditioners |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Package Air Conditioners, Split Air Conditioning Systems, Ductless Mini-Split Systems |
Other key industry trends
- In terms of revenue, China accounted for 26.2% of the global air conditioning systems market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China air conditioning systems market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,674.9 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Air Conditioning Systems Market Scope
Air Conditioning Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls, Inc. | View profile | - | - | - |
| Panasonic Corporation | View profile | - | - | - |
| Midea Group | View profile | 10001+ | Beijiao, Guangdong, China, Asia | https://midea-group.com |
| Voltas | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.voltas.com |
| Trane Technologies PLC Class A | View profile | 40000 | 170/175 Lakeview Drive, Airside Business Park, Swords County, Dublin, Ireland | https://www.tranetechnologies.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Haier | View profile | 10001+ | Qingdao Shi, Shandong, China, Asia | http://haier.com/in |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Alfa Laval AB | View profile | 21441 | Rudeboksvagen 1, P.O. Box 73, Lund, Sweden, SE-221 00 | https://www.alfalaval.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Mitsubishi Electric Corp | View profile | 149134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | https://www.mitsubishielectric.com |
China air conditioning systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to air conditioning systems market will help companies and investors design strategic landscapes.
Ductless mini-split systems was the largest segment with a revenue share of 50.07% in 2024. Horizon Databook has segmented the China air conditioning systems market based on package air conditioners, split air conditioning systems, ductless mini-split systems covering the revenue growth of each sub-segment from 2021 to 2033.
Reasons to subscribe to China air conditioning systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China air conditioning systems market databook
-
Our clientele includes a mix of air conditioning systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China air conditioning systems market , including forecasts for subscribers. This country databook contains high-level insights into China air conditioning systems market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
China air conditioning systems market size, by type, 2021-2033 (US$M)
China Air Conditioning Systems Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
