The prominent trend presently being witnessed in the commercial AC market is the burgeoning usage of refrigerants having low global warming potential (GWP). Currently, the most commonly used refrigerants in the commercial air-conditioners are R22, R404A, and R507. These refrigerants are based on chlorofluorocarbons (CFC) and hydrochlorofluorocarbons (HCFC). However, owing to global warming and the large-scale environmental degradation caused because of the widespread use of these refrigerants, they are being rapidly replaced by the R32 and other refrigerants having low GWP.
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Geographically, the Asia-Pacific (APAC) region is expected to observe the fastest rise in the sales of commercial air-conditioners during the forecast period. This is mainly attributed to the fact that this region is home to the largest construction sector in the world. In addition to this, the high average temperatures in the region and the increasing disposable income of the people in various APAC countries such as India and China is generating huge demand for cooling appliances, especially for use in the commercial buildings.
The increasing disposable income of people and growing travel and tourism activities are the other important factors propelling the demand for commercial air-conditioners across the globe. Due to these factors, the volume of sales of commercial air conditioners (AC) is expected to rise from 17.6 million units in 2019 to 25.4 million units by 2030. The global commercial AC market is predicted to exhibit a CAGR of 3.5% during the forecast period (2020–2030).
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Hence, it is clear that the demand for commercial air-conditioners will skyrocket throughout the globe, in the coming years, mainly on account of the increasing number of construction and infrastructural development activities and the thriving hospitality sector across the world.
