Asia Air Conditioners Market, Size, Share, Forecast 2024-2032

Renubresearch0129 Aug, 2024Business

The global air conditioner market was valued at US$ 148.57 billion in 2023. It is projected to reach US$ 257.20 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.29 percent during 2024-2032. The rising demand for air conditioners can be attributed to increasing humidity levels, extremely high temperatures, and growing city air pollution. These factors have led to a greater use of air conditioners, boosting the air conditioner market due to rapid environmental deterioration.