In 2013, the world air conditioning market was valued at $91.6 billion, having grown more than 6 percent compared with $86.8 billion in 2012 — evidence that the global a/c market is finally out of the woods. The biggest growth was seen in the Americas, which grew more than 8 percent by value; followed by Asia with 8 percent; Europe grew by 2 percent; and, finally, the Middle East, India, and Africa grew by 2 percent.
Asia-Pacific is still the largest world region in terms of air conditioning sales with $51.7 billion, or 56 percent of the world market, in 2013. Within the region, China and Japan represent 82 percent of the market by value.