Air Condition (AC) Market Development Industry Value Research By Forecast 2022-2030
Air Condition Market Overview: Air condition market size was valued at USD 95468.5 million in 2021. The air condition market industry is projected to grow from USD 103296.92 million in 2022 to USD 179340.42 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2022–2030). Increasing demand for commercial buildings and consumers’ increased preference for comfort and convenience are the key market drivers enhancing the air condition market growth. Air conditioning means the process of conditioning and impacting the air quality of a space to make the environment comfortable for the occupants. This process essentially works by removing excess moisture and heat from closed environments so that extreme natural environments can be adjusted to an individual’s preferred ones in the privacy of their homes. Air conditioning market globally comprises of residential and commercial sector and is also an extremely integral part of the automotive i...