Room Air Conditioner (RAC) Market is projected to surge to USD 60.69 Billion by 2030

According to the study by Next Move Strategy Consulting, the global Room Air Conditioner (RAC) Market is projected to surge to USD 60.69 billion with a CAGR of 5.8% by 2030.

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The global temperature is increasing steadily due to climate change and it is increasing demand for immediate relief from heat stress. This trend is leading to a surge in the adoption of room air conditioner in residential settings.

Asia-Pacific dominates the room air conditioner market share at present and is projected to continue its dominance throughout the forecast period due to rising temperature across the region.

Various key players in the room air conditioner industry include Daikin Industries Ltd., LG Electronics, Carrier Global Corporation, Panasonic Corporation., Haier Inc., Samsung Electronics, Hitachi Ltd., Whirlpool Corporation., Midea Group, Mitsubishi Electric Corporation., and others.