Based on volume, the global air conditioners market is projected to reach 882.1 million units by 2029, at a CAGR of 6.1% during the forecast period. The growth of this market is mainly driven by the factors such as soaring temperatures & humidity levels across the world, consumers’ growing inclination toward convenience & comfort, and the rising demand for energy-efficient air conditioners. In addition, the rising adoption of air conditioners with inverter & air purification technologies and technological advancements in HVAC systems are expected to offer significant opportunities for the growth of this market. Connected air conditioners and solar photovoltaic (PV) & solar thermal-assisted air conditioning systems are major trends in this market. However, air conditioners’ high energy use is a challenge for market growth. The high costs of air conditioners restrain the growth of the global air conditioners market.