With the average temperature increasing every year, the need for effective air conditioning is growing. Many individuals may not choose to have an AC in their house, but there are extremely few commercial spaces, at least in the developed and rapidly developing countries, that don’t have it. Since such places are visited by a large number of people every day, ventilation and temperature control requirements are strong here.

Moreover, ACs are used as a means to attract visitors and tenants, which boosts the purchase of such systems for commercial spaces. Thus, P&S Intelligence expects the commercial AC market sales volume to increase from 17.6 million units in 2019 to 25.4 million units by 2030, at a 3.5% CAGR between 2020 and 2030. This is because of many reasons: first, commercial spaces are often large, so just one AC is never enough.

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As a result, an office complex, metro station, or shopping mall requires multiple individual units and integrated heating, ventilation, and air conditioning (HVAC) systems. The various types of ACs available for commercial spaces are variable refrigerant flow (VRF), ducted split/packaged units, split units, room ACs, and chillers. Among these, split ACs have been the most popular till now because of their usage of just one compressor for effective cooling.

Moreover, these systems are cost-effective for commercial settings and easier to repair, maintain, and clean. Plus, split ACs have already been popular for residential usage, which boosts people’s trust in them for commercial settings too. Hence, with the rapid urbanization around the world, commercial AC installations will increase.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings