Asia Pacific Commercial Air Conditioner Market Size, Share, and COVID-19 Impact Analysis, By Type (Packaged AC and VRF/VRV), By End-User (Healthcare, Educational/Institutional, Public/Government, Retail, Hospitality, and Manufacturing), and Asia Pacific Commercial Air Conditioner Market Insights, Industry Trend, Forecasts to 2035

Asia Pacific Commercial Air Conditioner Market Insights Forecasts to 2035

1. The Asia Pacific Commercial Air Conditioner Market Size Was Estimated at USD 13.91 Billion in 2024.
2. The Market Size is Expected to Grow at a CAGR of 4.55 % between 2025 and 2035.
3. The Asia Pacific Commercial Air Conditioner Market Size is Anticipated to Reach USD 22.69 Billion by 2035.

According to a Research Report Published by Spherical Insights & Consulting, The Asia Pacific Commercial Air Conditioner Market Size is Anticipated to Hold USD 22.69 Billion by 2035, Growing at a CAGR of 4.55 % from 2025 to 2035. The Asia Pacific commercial air conditioner market offers opportunities driven by rapid urbanization, rising commercial construction, increasing adoption of energy-efficient HVAC systems, smart building integration, climate change-driven cooling demand, and government initiatives promoting sustainable cooling technologies.

Market Overview

The Asia Pacific Commercial Air Conditioner Market refers to the industry segment focused on manufacturing, selling, and servicing AC systems for commercial spaces like offices, hotels, retail, and industrial facilities. The Asia Pacific commercial air conditioner market is experiencing substantial growth driven by rapid urbanization, rising commercial construction, and increasing demand for energy-efficient cooling systems. Expanding sectors such as offices, retail spaces, hospitality, healthcare, and data centers continue to boost installations across the region. Governments are implementing stricter energy regulations, encouraging the adoption of advanced HVAC technologies, including inverter-based units, VRF/VRV systems, and environmentally friendly refrigerants. Additionally, rising temperatures and climate change are intensifying the need for reliable cooling solutions. Growing investments in smart buildings and automation further support market expansion, as businesses prioritize comfort, operational efficiency, and cost savings. With technological advancements and sustainability-focused initiatives, the commercial air conditioner market in Asia Pacific is expected to witness sustained growth.

Report Coverage

This research report categorizes the market for the Asia Pacific commercial air conditioner market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific commercial air conditioner market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific commercial air conditioner market.

Driving Factors

The Asia Pacific commercial air conditioner market is driven by rapid urbanization, expanding commercial infrastructure, and rising demand for energy-efficient HVAC systems. Increasing temperatures and frequent heatwaves further elevate the need for reliable cooling solutions across offices, malls, hospitals, and hotels. Government initiatives promoting energy conservation and eco-friendly refrigerants support the adoption of advanced technologies such as VRF/VRV systems and smart ACs. Additionally, growing investments in smart buildings, industrial automation, and data centers significantly boost demand for high-performance commercial air conditioning solutions.

Restraining Factors

The Asia Pacific commercial air conditioner market faces restraints such as high installation and maintenance costs, strict environmental regulations on refrigerants, and rising energy prices. Additionally, supply chain disruptions and skilled labor shortages can hinder timely deployment and system upgrades.

Market Segmentation

The Asia Pacific commercial air conditioner market share is classified into type and end-user.

1. The VRF/VRV segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast perio

The Asia Pacific commercial air conditioner market is segmented by type into packaged AC and VRF/VRV. Among these, the VRF/VRV segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its popularity is driven by superior energy efficiency, zoning flexibility, quiet operation, and suitability for diverse commercial spaces such as offices, hotels, hospitals, and retail environments. The growing shift toward smart buildings, rising energy regulations, and demand for advanced climate control systems further strengthen the adoption of VRF/VRV technology across the region.

1. The hospitality segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific commercial air conditioner market is segmented by end-user into healthcare, educational/institutional, public/government, retail, hospitality, and manufacturing. Among these, the hospitality segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Rapid expansion of hotels, resorts, and serviced apartments driven by tourism growth and business travel continues to fuel demand for advanced, energy-efficient cooling systems. The hospitality sector prioritizes guest comfort, reliable performance, and operational efficiency, making VRF/VRV and high-capacity AC systems essential. Rising investments in luxury accommodations and green building certifications further support the strong growth of this segment across the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific commercial air conditioner market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Carrier
• DAIKIN INDUSTRIES, Ltd.
• Johnson Controls
• Mitsubishi Electric Corporation
• LG Electronics
• SAMSUNG
• Trane (Ingersoll Rand)
• Blue Star Limited
• FUJITSU
• AIREDALE INTERNATIONAL AIR CONDITIONING LTD.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific commercial air conditioner market based on the following segments:

Asia Pacific Commercial Air Conditioner Market, By Type

1. Packaged AC
2. VRF/VRV

Asia Pacific Commercial Air Conditioner Market, By End-User

1. Healthcare
2. Educational/Institutional
3. Public/Government
4. Retail
5. Hospitality
6. Manufacturing