The increasing number of construction projects being launched in several countries is one of the major factors responsible for the soaring demand for commercial air-conditioners across the world. According to various reports, the valuation of the global construction sector is predicted to rise from $10.5 trillion to $12.8 trillion from 2017 to 2022. Infrastructure development projects such as those pertaining to metro rail systems, airports, and office complexes require cooling equipment such as commercial ACs.

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In India, there are plans to build as many as 100 airports in the next 15 years. Similarly, China intends to construct 216 airports by 2035. The rapid construction of skyscrapers in various cities around the world is also causing a sharp surge in the demand for commercial ACs. As per many reports, 42 skyscrapers are currently being constructed in Chicago, while London is witnessing the construction of 115 skyscrapers.

Besides the aforementioned factors, the surging disposable income of people, especially in the developing nations all over the globe, is also fueling the sales of commercial air-conditioners. This is subsequently driving the expansion of the global commercial AC market. According to the forecast of P&S Intelligence, a market research company based in India, the capacity of the market would rise from 17.6 million units to 25.4 million units from 2019 to 2030.

This market research report provides a comprehensive overview of the commercial AC market
Historical and the present size of the commercial AC 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