1. Executive Summary
1.1 Introduction
1.2 Market Drivers and Barriers
1.3 Market Forecast
2. Market Trends
2.1 Introduction
2.2 Growing Air Conditioner Demand
2.3 Market Drivers
2.3.1 Policy
2.3.1.1 Building Efficiency
2.3.1.2 Retrofits
2.3.1.3 High GWP Refrigerant Regulation
2.3.1.4 Electrification
2.3.1.5 Energy Efficiency Labeling
2.3.2 Non-Policy Market Drivers
2.3.2.1 Cooling Demand in Hot Climates
2.3.2.2 Heat Island Effect
2.3.2.3 HVAC Technical Advancements
2.3.2.4 User-Friendly Functions
2.3.2.5 DHC
2.3.2.6 New Business Models
2.3.2.7 New Construction Demand
2.4 Market Barriers
2.4.1 Cost
2.4.2 Fossil Fuel-Powered HVAC
2.4.3 Electrification Limits and Grid Burden
2.4.4 Insufficient Grid Infrastructure
2.4.5 Siloed Products
2.4.6 Lack of System Design Knowledge and Experts
2.4.7 Passive Cooling Advancement
2.5 COVID-19 Impacts
2.6 Commercial and Residential Market Differences
2.6.1 Retrofits
2.6.2 Refrigerant Transformation
2.7 Regional Trends
2.7.1 Ductless Split and Heat Pumps - US
2.7.2 Individual Conditioning Market Opportunity in Russia
2.7.3 Residential Heat Pumps – Korea and Japan
2.7.4 Heating and Cooling - China
3. Market Forecasts
3.1 Forecast Scope
3.2 Residential Market Overview
3.3 Commercial Market Overview
3.4 North America
3.5 Europe
3.6 Asia Pacific
3.7 Latin America
3.8 Middle East & Africa
3.9 Efficient HVAC Equipment
4. Conclusion and Recommendations
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes