Increasing global demand for energy-efficient climate control solutions amid rising temperatures due to climate change & Urbanization and the expansion of commercial infrastructure, particularly in emerging economies drives the growth.
“According to SNS Insider Research, The Air conditioning System Market size was valued at US$ 116.50 Billion in 2023. It is expected to grow to US$ 285.65 Billion by 2032 and grow at a CAGR of 10.50% over the forecast period of 2024-2032.”