Global Air Conditioner Market Outlook & Forecast Report, 2019-2024

The global air conditioner (AC) market by revenue is expected to grow at a CAGR of over 5% during the period 2018-2024. 
The global air conditioner (AC) market is expected to be driven by three major countries - China, the US, and Japan during the forecast period. These countries account for more than 70% of the value and over 60% of the volume of air conditioner equipment. Geographically, APAC is the leader in the demand for AC. The consumer acceptance of new and efficient products is low in APAC while the same is high in North America and Western Europe.