GITNUX MARKETDATA REPORT 2024

Must-Know Air Conditioning Statistics [Latest Report]

In this post, we will explore a variety of insightful statistics related to the global air conditioning industry. From projections on energy demand and consumption patterns to market values and environmental impacts, these statistics shed light on the significant role air conditioning plays in today’s world. Let’s dive into the data and uncover the trends shaping the future of cooling systems.

Statistic 1

"By 2035, global energy demand for air conditioning is expected to triple."

Sources Icon

Statistic 2

"The United States consumes more air conditioning than any other country, accounting for 23% of the world’s total."

Sources Icon

Statistic 3

"Around 90% of all new single-family homes in the US include air conditioning."

Sources Icon

Statistic 4

"Air conditioning costs American homeowners more than $29 billion each year."

Sources Icon

Statistic 5

"The average energy consumption of air conditioners has been reduced by more than 50% over the past 30 years."

Sources Icon

Statistic 6

"Demand for air conditioning is expected to grow by 2.5% annually between 2020 and 2050."

Sources Icon

Statistic 7

"A minimum of 5% of US residential electricity consumption is attributed to air conditioning."

Sources Icon

Statistic 8

"In 2018, 31% of European households had air conditioning, compared to 48% in the US."

Sources Icon

Statistic 9

"Air conditioner sales in India are projected to grow at a compound annual growth rate (CAGR) of over 12% between 2021 and 2025."

Sources Icon

Statistic 10

"The global air conditioning market is expected to be worth $191.83 billion by 2027, registering a CAGR of 6.9% from 2020."

Sources Icon

Statistic 11

"In 2020, approximately 16% of residential properties in the United Kingdom had air conditioning."

Sources Icon

Statistic 12

"By 2050, the global stock of room air conditioners is projected to reach 5.6 billion units, up from 1.6 billion in 2018."

Sources Icon

Statistic 13

"Nearly 100% of newly installed cars have air conditioning systems."

Sources Icon

Statistic 14

"Inefficient air conditioners are linked to an increase of 2 million tons of CO2 emissions annually."

Sources Icon

Statistic 15

"By 2030, air conditioner stocks in the Middle East are expected to more than double from 2018 levels."

Sources Icon

Statistic 16

"The global market for heat pump air conditioners is expected to reach $78.8 billion by 2026."

Sources Icon

Statistic 17

"The air conditioning market in South Korea reached a value of $3.7 billion in 2020."

Sources Icon
The statistics on air conditioning trends present a clear picture of the increasing global demand and significant impact on energy consumption and emissions. By 2035, the energy demand for air conditioning is projected to triple, with the United States leading in consumption. Despite advancements in energy efficiency, air conditioning still poses a substantial cost to homeowners and contributes significantly to electricity consumption and carbon emissions. The growing markets in countries like India and the Middle East signal a continued rise in demand for air conditioning systems globally. Efforts to improve the efficiency of air conditioners and promote sustainable practices are crucial in mitigating the environmental impact of this essential technology.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!