Solar Air Conditioning Market, By Product Type, By End User, By Geography

Description

The global solar air conditioning market is estimated to be valued at US$ 545.6 Mn in 2024 and is expected to reach US$ 689.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 545.6 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	3.40%	2031 Value Projection:	US$ 689.2 Mn

Figure. Solar Air Conditioning Market Share (%), By Region 2024

The global solar air conditioning market has been witnessing noteworthy growth over the past few years owing to the rising awareness about environmental protection and conservation of non-renewable energy resources. Solar air conditioning systems use solar energy to power air conditioners and perform cooling functions, without producing greenhouse gas emissions. They help reduce reliance on fossil fuels and lower electricity bills substantially. Various government initiatives promoting installation of rooftop solar panels and providing subsidies on solar air conditioners have supplemented the market expansion. However, the high initial investment remains a major hurdle. Nevertheless, declining costs of components and mass production are expected to make solar air conditioners more affordable in the coming years.

Market Dynamics:

The global solar air conditioning market is driven by factors such as stringent regulations on carbon emissions, growing preferences for energy-efficient cooling solutions, and fiscal incentives offered by governments worldwide. However, the market growth can be negatively impacted by the considerably high upfront cost of solar air conditioners compared to conventional units. This makes them unviable for price-sensitive consumers. On the positive side, rising investments by manufacturers in technological advancements aimed at cost reduction are widening the potential consumer base. Going forward, growing environmental awareness and evolving policy support are likely to open lucrative opportunities by accelerating the adoption of solar air conditioning systems across residential and commercial establishments.

Key Features of the Study:

This report provides in-depth analysis of the global solar air conditioning market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global solar air conditioning market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Aussie Solar World, Carrier Global Corp., Gree, Haier, HotSpot Energy, ICESolair, Jntech Renewable Energy Co., Ltd., Lennox, Midea, Midea group, Recreatetech, Solair World International, Silver Ticket Products, Stewart Filmscreen Corporation, and Videocon.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global solar air conditioning market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global solar air conditioning market.

Detailed Segmentation:

By Product Type
- Split Solar A/C
- Window Solar A/C
- Cassette Solar A/C
- Floor Standing Solar A/C
By End User
- Residential
- Commercial
- Industrial
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Aussie Solar World
- Carrier Global Corp.
- Gree
- Haier
- HotSpot Energy
- ICESolair
- Jntech Renewable Energy Co., Ltd.
- Lennox
- Midea
- Midea group
- Recreatetech
- Solair World International
- Silver Ticket Products
- Stewart Filmscreen Corporation
- Videocon

Product Code: CMI2528

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Solar Air Conditioning Market, By Product Type, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Split Solar A/C
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Window Solar A/C
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Cassette Solar A/C
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Floor Standing Solar A/C
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

5. Global Solar Air Conditioning Market, By End User, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Mn)

6. Global Solar Air Conditioning Market, By Region, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By End User, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By End User, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By End User, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By End User, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031 (US$ Mn)
- Market Size and Forecast, By End User, 2019-2031 (US$ Mn)
- Market Share Analysis, By Country/Sub-region, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Aussie Solar World
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Carrier Global Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Gree
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Haier
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HotSpot Energy
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ICESolair
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Jntech Renewable Energy Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lennox
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Midea
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Midea group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Recreatetech
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Solair World International
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Silver Ticket Products
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Stewart Filmscreen Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Videocon
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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