Global AC Market Grows Slowly, But India Performs Well — Review of Global AC Market in the First Half of 2024

In the first half of 2024, the global air conditioner market experienced slow growth in a complex environment, influenced by factors such as stable yet sluggish economic recovery, significant fluctuations in energy prices, inflation rates, and currency exchange rates, and ongoing political conflicts. According to JARN’s data compiled from manufacturers, the global room air conditioner (RAC) market only saw a modest year-on-year increase of about 2% in the above-mentioned period.