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Marine Air Conditioning Systems Market Size, Forecast [2031]

Marine Air Conditioning Systems Market

Name: Growth Market Reports
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Segments - by Types (Refrigerant Air Conditioners and Evaporative Air Conditioners), Applications (Leisure Ships and Commercial Ships), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The global marine air conditioning system market size was valued at USD 2.88 billion in 2022, and is projected to reach USD 3.54 billion by 2031, with a CAGR of 2.31% from 2023 – 2031. The growth of the market is attributed to the prospects and prominent strategies implicated by several key players in the industry.

Marine air conditioning system pulls heat from air and transfers it in cabin to refrigerant gas and then transfers the heat from the refrigerant gas to the sea water. This air conditioner system can pull the heat from the sea water and transfer the heat to the cabin. This process is called reverse cycle air conditioning.

Marine air conditioning system works uses water rather than air for cooling. The abundance of water and lack of space makes water a preferable option. Air conditioning systems not only cool the boat, but reduce humidity and keeps dryness which is more comfortable and less corrosive.

Two types of marine air conditioning systems are available in market. The first one is refrigerant air conditioners that produce dry cool air, using the principle of evaporating and condensing a refrigerant. While the second one is evaporative air conditioners that generate cool air by evaporative cooling principle.

The design of the marine air conditioning systems is taken into consideration before selling out to the clients. Proper evaluation of unit to maximize capacity in the boat, minimizing the power consumption, and to accomplish high level of efficiency are some of the design parameters that are taken into consideration while producing marine air conditioning systems.

Market Trends, Drivers, Restraints, and Opportunities

Development in marine air conditioning systems market is largely supported by increasing demand for products and services in this industry.
Increasing revenue in the marine air conditioning systems is projected to boost the market during the forecast period.
Strategies such as mergers, acquisitions, and alliances adopted by the major players are anticipated to spur the market during forecast period.
Safety issues and unauthorized use of marine air conditioning system act as major factor hampering the market growth.
Covid19 pandemic has transformed the market landscape expected to restrain the market growth.
R&D investment and technological advancements in marine air conditioning are expected to create immense opportunities for the market palyers.

Scope of the Report

The report on the global marine air conditioning systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Marine Air Conditioning Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Refrigerant Air Conditioners and Evaporative Air Conditioners) and Applications (Leisure Ships and Commercial Ships)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Carrier, Daikin, Dometic, FRIGOMAR, Johnson Controls, Aqua-Air, Accel, Bronswerk Marine, Clion-Marine, Flagship Marine, and Koja

Global Marine Air Conditioning Systems Market Segment Insights

Evaporative air conditioners segment to account a significant market share

Based on types, the global marine air conditioning systems market is segmented into refrigerant air conditioners and evaporative air conditioners. The evaporative air conditioners segment is anticipated to represent a substantial market share during the forecast period owing to simpler, cheaper, and less complicated installation.

Commercial ships segment to dominate the market

On the basis of applications, the global marine air conditioning systems market is bifurcated into leisure ships and commercial ships. The commercial ships segment is anticipated to hold major position in the global marine air conditioning systems market. The commercial ships segment is estimated to expand at a robust CAGR during the forecast period. Rising adult participation in recreational boating activities is driving the segment growth.

North America to hold a large market share

In terms of regions, the global marine air conditioning systems market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America region is expected to dominate the market owing to early adoption of latest HVAC technology and presence of major industry players.

Segments

The global marine air conditioning systems market has been segmented on the basis of

Types

Refrigerant air conditioners
Evaporative air conditioners

Applications

Leisure ships
Commercial Ships

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key players

Carrier
Daikin
Dometic
FRIGOMAR
Johnson Controls
Aqua-Air
Accel
Bronswerk Marine
Clion-Marine
Flagship Marine
Koja

Competitive Landscape

The major players of the market include Carrier, Daikin, Dometic, FRIGOMAR, Johnson Controls, Aqua-Air, Accel, Bronswerk Marine, Clion-Marine, Flagship Marine, and Koja. Several business strategies adopted by the major players include mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Key companies in the industry are engaging in product innovation and partnerships to expand their market share.

Marine Air Conditioning Systems Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Air Conditioning Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Marine Air Conditioning Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Marine Air Conditioning Systems Market - Supply Chain
  4.5. Global Marine Air Conditioning Systems Market Forecast
     4.5.1. Marine Air Conditioning Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Marine Air Conditioning Systems Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Marine Air Conditioning Systems Market Absolute $ Opportunity
5. Global Marine Air Conditioning Systems Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     5.3.1. Refrigerant air conditioners
     5.3.2. Evaporative air conditioners
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Marine Air Conditioning Systems Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     6.3.1. Leisure ships
     6.3.2. Commercial Ships
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Marine Air Conditioning Systems Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Marine Air Conditioning Systems Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
8. North America Marine Air Conditioning Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Marine Air Conditioning Systems Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     8.4.1. Refrigerant air conditioners
     8.4.2. Evaporative air conditioners
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     8.7.1. Leisure ships
     8.7.2. Commercial Ships
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
9. Latin America Marine Air Conditioning Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Marine Air Conditioning Systems Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     9.4.1. Refrigerant air conditioners
     9.4.2. Evaporative air conditioners
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     9.7.1. Leisure ships
     9.7.2. Commercial Ships
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
10. Europe Marine Air Conditioning Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Marine Air Conditioning Systems Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     10.4.1. Refrigerant air conditioners
     10.4.2. Evaporative air conditioners
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     10.7.1. Leisure ships
     10.7.2. Commercial Ships
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Marine Air Conditioning Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Marine Air Conditioning Systems Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     11.4.1. Refrigerant air conditioners
     11.4.2. Evaporative air conditioners
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     11.7.1. Leisure ships
     11.7.2. Commercial Ships
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Marine Air Conditioning Systems Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Marine Air Conditioning Systems Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Marine Air Conditioning Systems Market Size and Volume Forecast by Types
     12.4.1. Refrigerant air conditioners
     12.4.2. Evaporative air conditioners
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Marine Air Conditioning Systems Market Size and Volume Forecast by Applications
     12.7.1. Leisure ships
     12.7.2. Commercial Ships
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Marine Air Conditioning Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Marine Air Conditioning Systems Market: Market Share Analysis
  13.2. Marine Air Conditioning Systems Distributors and Customers
  13.3. Marine Air Conditioning Systems Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Carrier
     13.4.2. Daikin
     13.4.3. Dometic
     13.4.4. FRIGOMAR
     13.4.5. Johnson Controls

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