Market Insights Consumer Household Appliances Major Appliances

Air Conditioners - Worldwide

Worldwide

The Air Conditioners market worldwide is projected to generate a revenue of €61.54bn in 2024.
This market is anticipated to experience an annual growth rate of 6.50% (CAGR 2024-2028).
When compared globally, in China stands as the top revenue generator with €14,610m in 2024.
In terms of per household revenues, an average of €27.52 is expected to be generated in 2024.
Looking ahead, the volume in the Air Conditioners market is estimated to reach 142.3m pieces units by 2028.
In 2025, a volume growth of 5.0% is projected for this segment.
Furthermore, the average volume per household in the Air Conditioners market is expected to be 0.05pieces units in 2024.
With the temparatures rising globally year on year, the demand for air conditioners is only growing.

Key regions: Canada, Indonesia, Worldwide, Europe, Germany

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.