AC Export Report 2024-25: Exploring the Top Air Conditioner Exporting Companies & Countries

In the ever-evolving global market of air conditioners, the competition among air conditioner exporting companies is fierce. Each year, the AC export report sheds light on the top players and countries dominating the market. According to the global trade data and AC export data, the total value of air conditioner exports reached a record high of around $40 billion in 2024, an 8% increase from the previous year. The total quantity of AC exports reached 111 million units, a 26% rise from the previous year, as per the AC export shipment data for 2024-25. Air conditioners made up 0.28% of global trade in 2024, placing them 60th out of over 1300 products traded globally. Let's delve into the AC Export Report 2024-25 and explore the top air conditioner exporting companies and countries shaping the industry.

Chilling AC Export Trends: Global Room Air Conditioner Market in 2024

• In 2024, the global market for room air conditioners (RACs) increased by 4% to reach 140.58 million units.  Strong demand in several locations was the main driver of this growth.
• With warmer summer days and stable rules encouraging imports, North Africa led the African market, causing RAC sales to rise 4.3% to 3.66 million units.
• In 2024, the Middle East's air conditioning market grew as well, reaching 10.85 million units overall.
• In India, a scorching wave from January to March and the country's burgeoning residential sector caused RAC sales to rise 50% year over year, with an anticipated 35% gain in total sales of 12.5 million units.
• Demand increased 13.9% in Southeast Asia as a result of rising temperatures and better living conditions.
• In a similar vein, Japan experienced a record-breaking summer with conditions that were the highest since 1898. As a result, RAC sales increased by an estimated 6.2% to approximately 9.3 million units.
• However, 2024 saw a slowdown in China, the largest air conditioning market in the world, with the RAC and PAC markets falling by 2.3% and 3.7%, respectively.  China's RAC exports increased by around 30% annually in spite of this.
• With Brazil, Mexico, and Argentina together accounting for 77% of the region's total sales, the market expanded across Latin America. 
• The RAC market in Europe was slow overall because of the milder summer weather, although demand increased in the southern regions, especially as a result of tourism initiatives.
• While the mini-split units market fell 3.7%, unitary systems in the US had low single-digit growth.  Conversely, the market for tiny VRFs grew by double digits.

The Top 10 AC Exporting Countries: AC Exports by Country

AC Exports by Country highlights the leading nations in the air conditioning industry when it comes to exports. These ten countries play a significant role in the global air conditioning market, showcasing their expertise and competitiveness in producing and exporting air conditioning units internationally. Split air conditioner exports increased significantly in 2024, with 36,000+ shipments between October 2023 and September 2024, involving more than 1,200 exporters and 1,400 customers.

In comparison to the prior year, this indicates a 53% increase. With 85 million units exported in 2024, China continues to dominate the AC export market. But in the worldwide market for AC exports, other nations like Thailand, Mexico, and India are also making progress. The leading AC exporter countries, as per the AC shipment data and the Air Conditioner export data for 2024-25, include:

1. China: $23.8 billion (59.5%)

China leads the pack as the largest exporter of air conditioning units, with a staggering $23.8 billion in exports, representing 59.5% of the total market share. The country's booming manufacturing sector and technological advancements have propelled it to the top spot in the AC export industry.

2. Thailand: $4.2 billion (10.1%)

Thailand comes in second on the list of top AC exporting countries, with $4.2 billion in exports, making up 10.1% of the global market. The country's strategic location in Southeast Asia and its competitive manufacturing costs have made it a key player in the AC export market.

3. Mexico: $3.6 billion (8.6%)

Mexico follows closely behind Thailand, with $3.6 billion in AC exports, accounting for 8.6% of the total market share. The country's proximity to the US market and its skilled workforce have made it a hub for AC manufacturing and export.

4. Malaysia: $1.8 billion (4.3%)

Malaysia ranks fourth among the top AC exporting countries, with $1.8 billion in exports, representing 4.3% of the global market. The country's strong trade ties, infrastructure, and favorable business environment have made it an attractive destination for AC manufacturers.

5. South Korea: $1.3 billion (3.1%)

South Korea secures the fifth spot on the list, with $1.3 billion in AC exports, making up 3.1% of the total market share. The country's world-class technology and innovation in the AC industry have helped solidify its position as a key exporter.

6. Czech Republic: $900 million (2.2%)

The Czech Republic is a notable player in the AC export market, with $900 million in exports, accounting for 2.2% of the global market. The country's central location in Europe and skilled workforce have positioned it as a competitive player in the industry.

7. Italy: $800 million (1.9%)

Italy follows closely behind the Czech Republic, with $800 million in AC exports, representing 1.9% of the total market share. The country's reputation for quality craftsmanship and design in the AC sector has made it a sought-after exporter in the global market.

8. Japan: $700 million (1.7%)

Japan is another significant player in the AC export industry, with $700 million in exports, making up 1.7% of the global market, as per the data on Japan AC exports by HS Code. The country's advanced technology and strong focus on innovation have positioned it as a key exporter of high-quality air conditioning units.

9. United States: $600 million (1.5%)

The United States ranks ninth among the top AC exporting countries, with $600 million in exports, accounting for 1.5% of the total market share, as per the US air conditioner export data. The country's robust manufacturing sector and technological advancements have solidified its position as a leading AC exporter.

10. Germany: $500 million (1.2%)

Germany rounds out the top 10 list of AC exporting countries, with $500 million in exports, representing 1.2% of the global market. The country's reputation for engineering excellence and precision manufacturing has made it a key player in the AC export industry.

List of Top AC Exporters & Manufacturers: Global AC Exporters Database 

The Global AC Exporters Database is a comprehensive resource showcasing leading businesses in the air conditioning industry. This extensive database highlights key players who excel in exporting and manufacturing air conditioning units on a global scale. Companies like Gree Electric Appliances, Daikin, and Haier dominate the global AC export and manufacturing industry. The leading AC Export Companies in the world, as per the AC exporters data and AC suppliers list for 2024-25, include: 

Air Conditioner Exports in the Last 10 Years: Historical AC Export Data

AC Export Trends & Growth Drivers

• Global RAC units rose to 140.6 million in 2024 (+4%)
• AC market revenue climbed to $67.3 bn with a strong 6.4% CAGR
• Export expansion hot spots: China (+30% year-end), Thailand (+9% YoY), Mexico (7.33 billion)

Key demand drivers:

• Rising global temperatures, urbanization, and smart/home automation trends.
• Need for energy-efficient and eco-friendly systems spurring inverter/VRF uptake.

Tariffs & Policy Headwinds on Air Conditioners

U.S.–Global Tariffs (2025):

• Early 2025: 90-day pause on new global HVAC tariffs by the U.S.
• Tariffs expected on steel, aluminum, and HVAC parts (motors/compressors) later in 2025 could raise production costs for exporters.
• Impact: 8–15% rise in HVAC component costs foreseen.

EU & Environmental Regulations:

• The EU is pushing bans on high‑GWP refrigerants (like R‑410A), forcing redesigns to R‑32/propane by 2026. 
• U.S. DOE Seer2 efficiency mandates likely boost cost but curb energy use.

Strategic Outlook

Expansion Forecasts:

• AC market targets: $91.9 billion by 2029, $276–299 billion by 2032.
• Volume projection: ~1.07 billion units by 2032
• Systems (incl. VRF, rooftop): $129 bn in 2025, growing to $221 bn by 2032

Risks & Opportunities:

• Tariff volatility: Rising customs and raw‑material costs could squeeze margins
• Regulatory compliance: Eco‑standards and refrigerant shifts require tech investments
• Growth markets: Southeast Asia, the Middle East, and Africa offer robust demand due to rising income and heat, while North America remains tech-driven.
• Product trends: Shift toward inverter, smart, eco‑refrigerant, and VRF systems.

Air Conditioner Export Data Summary

• Volume (2024): 140.6 million units (+4% YoY)
• Global export leaders: China ($22.3 bn), Thailand ($7.04 billion), Mexico ($7.33 billion)
• Unit export price (2024): $296
• Tariffs: U.S. 2025 steel/parts duties; EU eco‑regulations by 2026
• Forecast: AC revenue rising to $92 billion by 2029, $276 billion by 2032; shipments reaching 1.07 billion units.

AC Export Growth Projections for 2025 and Beyond

According to the latest AC export report, the industry is poised for robust growth in the fiscal year 2024-25. Key factors driving this growth include:

• Expansion of residential & commercial construction sectors in emerging markets.
• Increasing awareness about the importance of indoor air quality.
• Growing demand for portable and ductless air conditioning solutions.
• Infrastructure development projects are driving the demand for HVAC systems.

Industry Trends and Insights

As we explore the AC export report for 2024-25, several trends and insights come to the forefront. From the increasing demand for energy-efficient solutions to the growing focus on sustainability, the air conditioning industry is witnessing a shift towards innovation and environmental consciousness, as per the reports of ICARHMA. Manufacturers are investing in research and development to create products that not only provide optimal cooling comfort but also reduce their carbon footprint.

Conclusion and Final Take

The AC Export Report 2024-25 highlights the dynamic landscape of the air conditioner exporting industry, showcasing the top companies and countries driving innovation and growth. As the global demand for air conditioners continues to rise, companies and countries must stay ahead of the curve and adapt to changing market dynamics. The 2024–25 landscape shows robust demand, both for exports and end‑users. Leading exporters, China, Thailand, and Mexico, continue scaling, while import giants like the US stay hungry. But tariff fluctuations, compliance costs, and evolving refrigerant standards add pressure.

We hope that you liked our insightful blog report on the Global AC export data 2024-25, highlighting the top air conditioner exporting countries & companies. To get more global trade import-export trends or search live data on AC exports by country, visit TradeImeX. Contact us at info@tradeimex.in to get a customized database report on AC exports for the 2025 quarter one, and get a verified list of the top AC exporters in the world.