China air conditioning market is estimated to grow at a CAGR of 4.7% during the forecast period. The country holds a dominant position in the production and export of the AC globally. It produces more than 50% of the global AC every year. The major factor augmenting the market includes the hot climate of the country. Global warming will also be a motivating factor for the market. Moreover, the rapid urbanization and rising disposable income in the country is another factor that is contributing to the growth of the AC market. Chinese significant investment in solar energy is also a motivating factor for the market as it would reduce energy consumption and makes the electric system more cost-effective. Cohesive government regulations in order to curb air pollution can restrict the usage of several ozone-depleting refrigerants during the forecast period. As per studies in May 2019, it was found that the factories in the country are emitting 7,000 tonnes CFC-11, a banned substance per year. 

The Chinese air conditioning market is segmented on the basis of application, type, and refrigerant type. The country is the largest market of the automobile globally. A significant market share of the automotive HVAC system will be witnessed during the forecast period. The residential segment is expected to show significant market growth during the forecast period. By type, split AC is expected to show significant market growth during the forecast period. 

The companies which are contributing to the growth of the market include Daikin Industries Ltd., Gree Electric Appliances Inc., Guangdong Chigo Air Conditioning Co., Ltd., Haier Electronics Group Co. Ltd., Midea Group, United Technologies Corp., Xiaomi Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for AC manufacturers, AC component manufacturers, automobile companies, chemical companies, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China Air Conditioning Market Research and Analysis by Application 
2. China Air Conditioning Market Research and Analysis by Type
3. China Air Conditioning Market Research and Analysis by Refrigerant Type

The Report Covers

• Comprehensive research methodology of China Air Conditioning market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China Air Conditioning market.
• Insights about market determinants which are stimulating China Air Conditioning market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.