The global central air conditioning market is expected to reach USD 65.2 billion by 2034

A recent study ^[1] published by Market.us, a platform specialized in market analysis and industry reports, the global central air conditioning market will reach approximately USD 65.2 billion by 2034, up from USD 41.6 billion in 2024, with a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2025 to 2034.

 

This market is experiencing steady growth, driven by increasing urbanisation, rising disposable incomes, and growing demand for energy-efficient cooling solutions across residential, commercial, and industrial sectors. Key drivers include technological advancements in HVAC (heating, ventilation, and air conditioning) systems, as well as rising temperatures due to climate change and robust construction activity in emerging economies. The adoption of smart air conditioning systems, leveraging IoT and AI to optimise energy consumption, is opening up new opportunities for manufacturers.

 

Key figures: 

• The global central air conditioning market is expected to grow from USD 41.6 billion in 2024 to USD 65.2 billion by 2034, with an annual growth rate of 4.6%. 
• In 2024, the rooftop system segment holds 45.9% of the market share, thanks to its efficiency and space-saving benefits. 
• The residential sector accounts for 46.1% of the market, driven by the growing demand for home cooling solutions. 
• Inverter technology represents 51.2% of the market, reflecting strong demand for energy-efficient air conditioning systems. 

 

With ongoing investments in infrastructure and technological innovations, the global central air conditioning market is well-positioned for sustained growth in the coming years.

 

 

Source

[1] https://www.news.market.us/central-air-conditioning-market-news/