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Yahoo
23 minutes ago
- Business
- Yahoo
Room AC Market Size expected to reach US$78.60 billion by 2031 Exclusive Report by The Insight Partners
NEW YORK, July 15, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the room AC market is observing significant growth owing to the rising global temperature and the growing population and urbanization worldwide. The Room AC Market was valued at US$52.16 billion in 2024 and is projected to reach US$78.60 billion by 2031; it is expected to register a CAGR of 6.1% during 2025-2031. The Room AC Market comprises an array of product type, technology, and end users that are expected to register strength in the coming years. The report runs an in-depth analysis of market trends, key players, and future opportunities. To explore the valuable insights in the Room AC Market report, you can easily download a sample PDF of the report - Overview of Report Findings Rising Global Temperatures: According to NASA's Goddard Institute for Space Studies (GISS), the year 2024 marked the warmest global surface temperature since reliable recordkeeping began in 1880. This assessment is supported by independent analyses from the National Oceanic and Atmospheric Administration (NOAA) and other international climate research organizations. The data reveals that Earth's average temperature in 2024 was approximately 2.65 degrees Fahrenheit (1.47 degrees Celsius) higher than the preindustrial baseline (1850–1900). Notably, the last decade comprises the ten warmest years ever recorded, illustrating a clear and accelerating trend of global warming. This persistent rise in temperatures is not only a critical environmental concern but also a significant socioeconomic factor driving the growth of the room air conditioner market. Eco-Friendly Refrigerants: Refrigerants are central to the functioning of indoor climate control systems, enabling the transfer of heat that allows air conditioners to cool or heat indoor spaces. Historically, widely used refrigerants such as R-410A and R-22 have been effective in thermal management but carry a high global warming potential (GWP), contributing significantly to environmental degradation. In response to growing environmental concerns and evolving regulatory standards, the transition to next-generation refrigerants such as R-32 presents a major growth opportunity for the room air conditioner market. R-32 is a low-GWP refrigerant that offers superior thermodynamic performance and energy efficiency. With approximately 10% higher thermal capacity than R-410A, R-32 enables air conditioning systems to operate more efficiently, reducing both energy consumption and greenhouse gas emissions. The integration of R-32 into new air conditioning systems not only aligns with India's commitment to sustainability and global climate goals but also stimulates demand for redesigned and upgraded AC components. Components such as compressors, heat exchangers, and expansion valves must be optimized to handle R-32's unique properties, creating opportunities for innovation and product development within the domestic manufacturing ecosystem. From an environmental perspective, the transition to R-32 could result in a 19% reduction in CO₂-equivalent emissions over 10 years if it replaces high-GWP refrigerants across all installed AC units. For Detailed Room AC Market Insights, Visit: Market Segmentation Based on product type, the market is divided into split AC, window AC, and portable AC. The split AC segment dominated the market in 2024. In terms of technology, the market is categorized into direct inverter technology and non-inverter technology. The inverter technology segment dominated the market in 2024. By end user, the room AC market is categorized as residential and commercial. The residential segment dominated the market in 2024. Competitive Strategy and Development Key Players: Panasonic Holdings Corp, Voltas Ltd, Carrier Global Corp, LG Electronics Inc, Blue Star Ltd, Daikin Industries Ltd, Samsung Electronics Co Ltd, Mitsubishi Electric Corp, Whirlpool Corp, Johnson Controls - Hitachi Air Conditioning Company are among the major companies operating in the room AC market. Trending Topics: Room AC Component market, Air Conditioner Market, and Commercial HVAC Market Stay Updated on The Latest Room AC Market Trends: Global Headlines on Electronic Data Interchange Daikin announced the commencement of mass production of its residential air conditioner in its first full-scale residential AC factory in Indonesia.. Samsung launched its 2025 lineup of BESPOKE AI WindFree Air conditioners, a fusion of cutting-edge AI technology and premium design. With a focus on intelligent cooling, energy efficiency, and connected living, the new range of 19 models caters to the evolving demands of Indian consumers. Purchase Premium Copy of Global Room AC Market Size and Growth Report (2021-2031) at: Conclusion A Room Air Conditioner (RAC) is a compact, self-contained cooling device designed to regulate the temperature, humidity, and air quality within a single room or small enclosed space. It provides comfort in hot weather by removing heat and moisture from the indoor air and expelling it outside. It typically consists of key components such as a compressor, condenser coil, evaporator coil, expansion valve, and a fan system, all housed within a single unit that can be installed in a window, through a wall, or as a portable device. The RAC operates on the principle of the refrigeration cycle, where the refrigerant absorbs heat from the room air as it evaporates in the evaporator coil and releases it outside via the condenser coil after being compressed. This process cools the indoor air, which is circulated back into the room by a blower. At the same time, excess moisture condenses on the evaporator coil and drains away, thus also dehumidifying the space. Modern room air conditioners often include features such as adjustable thermostats, timers, energy-saving modes, air filters for improved air quality, and remote controls for convenience. Their design makes them highly suitable for localized cooling needs, especially in residential, small office, or commercial settings where central air conditioning systems are not feasible or economical. Overall, room air conditioners are an effective, affordable, and widely used solution to improve indoor comfort by maintaining a cool and pleasant environment during hot or humid conditions. Factors such as growing population & urbanization, and rising global temperatures are driving the room air conditioner market. The market is expected to grow in the forecasted period owing to the adoption of eco-friendly refrigerants and technological advancement. Accelerated manufacturing expansion is one of the key trends in the market. However, volatile raw material prices and supply chain issues may hamper the market growth. The report from The Insight Partners, therefore, provides several stakeholders—including solution providers, system integrators, and end users—with valuable insights to successfully navigate this evolving market landscape and unlock new opportunities. Trending latest Reports: The Smart meter market size is expected to reach US$49.24 billion by 2031 The Medium Voltage Cable Market size is expected to reach US$41.28 billion by 2031 Optical measuring machine market size expected to reach US$4.63 billion by 2031 Wearable EEG devices market size is projected to reach US$695.51 million by 2031 Land Mobile Radio market size is projected to reach US$24.32 billion by 2031 Wireless Antenna market size expected to reach US$7.04 billion by 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Press Release - For More Latest Electronics and Semiconductor Market Research Reports & Industry Analysis - Logo: View original content: SOURCE The Insight Partners Sign in to access your portfolio
Yahoo
an hour ago
- Science
- Yahoo
2025 Pacing As Earth's Second Warmest Year Behind 2024, Report Says
The first six months of 2025 were Earth's second warmest on record, keeping 2025 on a pace to finish slightly behind 2024 for the planet's warmest year, according to just-released data from several agencies. June's warmth: June 2025's globally average temperature was 1.76 degrees Fahrenheit above the 20th-century average, only 0.42 degrees cooler than the record warmest June in 2024 and 0.18 degrees cooler than the second warmest June in 2023, according to a report released Thursday by NOAA. Separate analysis from the European Copernicus Climate Change Service (C3S) and NASA's Goddard Institute for Space Studies also found Earth had its third warmest June, behind the two previous Junes. Only Behind Last Year: With the first six months over, 2025 has a roughly 2 in 3 chance to be the planet's second warmest year on record, climate scientist Zeke Hausfather estimated in a post on Bluesky. NOAA similarly concluded "95% confidence" of a second to fourth warmest year on record in 2025 in their temperature rankings outlook. NOAA global temperature records date to 1850. Each month in 2025 has been at least among the top three warmest of those respective months, according to NOAA. January was the planet's warmest in 176 years, NOAA found. 2024 was the planet's warmest year in records dating to the late 19th century, according to both NOAA and NASA. (For even more granular weather data tracking in your area, view your 15-minute details forecast in our Premium Pro experience.) Above The Threshold? June 2025 was only the third in the last 24 months in which global temperatures were not more than 2.7 degrees Fahrenheit (1.5 degrees Celsius) above the pre-industrial (1850-1900) levels, according to the C3S. Despite that, the most recent 12-month period through June was more than 2.7 degrees above late 19th-century temperatures. That doesn't necessarily mean we've broken above the 2.7 degree limit agreed upon in the 2015 Paris Climate Agreement. According to climate scientists, that would require that threshold to be topped for over a decade. But they also stress it means we're closer to that threshold than ever June was the warmest on record in Japan, as well as in dozens of cities in South Korea. It was the second warmest June in France and the United Kingdom. Spain smashed its national June heat record on June 28, when a high of 114.8 degrees was measured in El Granado, according to NOAA. In the U.S., it was the hottest June on record in Raleigh, North Carolina, and Yakutat, Alaska, according to the Southeast Regional Climate Center. As you can see on the map below, parts of western Europe, Australia and Asia were record warm in the first six months. Hawaii had its hottest January-June on record, according to NOAA. Oceans still warm: Global ocean temperatures are still much warmer than in any years from 1979 through 2022, C3S found. C3S noted that since March 2023, global daily sea surface temperatures have been warmer than in other years prior. Among patches of ocean record warmth in the first six months of 2025 included swaths of the Philippine Sea, the Pacific Ocean near Hawaii, the northeast Atlantic Ocean near Ireland, the U.K. and Scandinavia, the western Mediterranean Sea, the Arctic Ocean from Greenland to Canada and the southern Indian Ocean. Despite all that, 2025's ocean warmth has been less extreme than the off-the-charts ocean warmth of 2023 and 2024, which included both record tropical Atlantic warmth and an El Niño, the periodic warming of water in the equatorial eastern and central Pacific Ocean. Jonathan Erdman is a senior meteorologist at and has been covering national and international weather since 1996. Extreme and bizarre weather are his favorite topics. Reach out to him on X (formerly Twitter), Threads, Facebook and Bluesky.
Time of India
2 hours ago
- Business
- Time of India
Residential power use rises 10% annually amid intensifying heatwaves: Experts
Residential power consumption in India has been rising steadily by around 10 per cent annually over the last three years, driven by rapid urbanisation, intensifying heatwaves and population growth, experts have said. Experts from the Institute for Energy Economics and Financial Analysis (IEEFA), an independent think tank, said the residential sector accounted for 31 per cent of the country's total electricity consumption in the financial year 2024. The industrial, commercial and agricultural sectors accounted for approximately 32 per cent, 10 per cent and 22 per cent of electricity sales respectively, they said in a briefing note. In 2024 alone, air-conditioner sales surged by 40 to 50 per cent, reflecting a growing demand for indoor cooling amid intensifying heatwaves, they said. According to another recent study, India adds 10 to 15 million (one crore to 1.5 crore) new air-conditioners annually, with another 130 to 150 million (13 crore to 15 crore) expected over the next decade. Without policy intervention, air-conditioners alone could drive 120 gigawatt of peak power demand by 2030 and 180 GW by 2035, nearly 30 per cent of the projected totals. Rural electrification is also playing a key role in increasing residential demand. With near-universal household electrification achieved under schemes like Saubhagya and feeder segregation improving the supply quality, millions of rural households are now receiving longer and more reliable power supply. The IEEFA's analysis of national peak demand trends showed a consistent year-on-year growth, with FY2025 recording the highest monthly peaks so far. May and June have regularly seen the highest electricity demand, likely due to extreme summer temperatures increasing cooling loads. FY2024 and FY2025 both saw their maximum peak loads in September and May respectively -- one due to summer heat and the other potentially due to post-monsoon industrial ramp-up or weather anomalies, said the authors, including the IEEFA's South Asia director, Vibhuti Garg, energy specialists Saloni Sachdeva Michael and Charith Konda, and energy analyst Kaira Rakheja. They said rising temperatures and extreme weather events are now major drivers of electricity demand, particularly in densely-populated and industrialised areas. The northern region comprising Uttar Pradesh, Delhi, Punjab, Haryana and Rajasthan accounts for more than 30 per cent of India's peak electricity demand and is especially sensitive to temperature shifts. Between May 16 and May 20 this year, the power demand in the northern region rose steadily amid widespread heatwaves. As one of the country's most electrified and densely-populated cities, Delhi's power consumption closely mirrors temperature trends. Between May 1 and May 16, the national capital's maximum temperature rose from 38.6 degrees Celsius to more than 42 degrees Celsius. During the same period, Delhi's electricity demand climbed from 5,956 MW to 6,789 MW, eventually crossing 8,000 MW in June. On May 15, the national power demand touched 231 GW at 3 pm, during peak solar-generation hours. The demand had already crossed 222 GW by 11 am and remained high through the day. Between 9 pm and 11 pm, even after sunset, it hovered close to 227 GW. A similar spike was recorded on April 25, when the national demand hit 235 GW, indicating that extreme weather is increasingly causing multiple demand peaks in a single day. The authors noted two key takeaways from these patterns. First, the overlap between peak demand and solar generation offers a chance to make better use of solar power, reducing the need for coal during the day. Second, the high demand after sunset highlights the urgent need for energy storage, demand-side measures and hybrid renewable projects to meet evening electricity needs. The analysis showed that coal continues to dominate India's electricity generation, accounting for nearly 73 per cent (or 157.6 GW) of the daily supply. It plays a critical role, particularly in the evening when solar availability drops. Solar energy accounts for around 9.5 per cent of the daily generation, peaking between 10 am and 2 pm. Around noon, the solar output often crosses 60 GW, helping manage high daytime cooling needs. Wind and hydro power add around 3 per cent and 8 per cent respectively, providing crucial support during morning and evening transitions.
Montreal Gazette
3 hours ago
- Climate
- Montreal Gazette
Montreal weather: Out of the frying pan, into the solar oven
Environment Canada has issued special air quality statement for Montreal on Tuesday as well as a heat warning for Tuesday and Wednesday. The forecast highs are 31 to 33 Celsius with humidex values approaching 40. Nights will also be warm, with lows from 20 to 23. The warning extends to Outaouais, Lachute, Lanaudière, Montérégie and Drummondville. The federal weather agency says smoke from the Canadian Prairies is leading to 'poor air quality and reduced visibility' in the city, but conditions are expected to improve later Tuesday. 'As smoke levels increase, health risks increase. Limit time outdoors. Consider reducing or rescheduling outdoor sports, activities and events,' the notice reads It also recommends checking in on older adults, those living alone and other at-risk people multiple times a day. Montrealers should also be on the lookout for early signs of heat exhaustion, including headache, nausea, dizziness, thirst, intense fatigue and dark urine. Another cold front is expected to sweep through on Thursday, which could bring similar conditions to Sunday afternoon, when a storm system caused record-breaking rainfall and widespread flooding to the greater Montreal area. Environment Canada measured 81.6 millimetres of rain at its recording station at Montreal—Pierre Elliott Trudeau International Airport on Sunday. That surpassed the previous record set last summer on July 10, when the remnants of Hurricane Beryl dropped 79.2 millimetres of rain on Montreal.
eNCA
3 hours ago
- Lifestyle
- eNCA
Passion for hand fans sizzles in burning Spanish heat
MADRID - As passengers wilted in a packed Madrid metro, one traveller defied the summer heat by snapping open her handheld fan -- a quintessential Spanish accessory enjoying undimmed popularity. The burst of coolness drew envious eyes to a must-have item that has retained its relevance thanks to designer creativity and increasingly oppressive summer temperatures, stoked by climate change. "Everyone uses a fan here in Spain -- children, the elderly, young people, men," said Arturo Llerandi, owner of the "Casa de Diego" fan boutique in Madrid. Llerandi's bustling shop, which has been located in the centre of the Spanish capital for more than two centuries, boasts 10,000 different models of fans. Bone and lace versions are aimed at women and smaller versions cater to men, all diminutive enough to slip into a jacket pocket, with the most luxurious costing up to 6,000 euros ($7,000). With temperatures close to 40 degrees Celsius regularly assailing Madrid in July, the idea of buying a fan as a gift was a no-brainer for customer Carmen Pulido. AFP | Thomas COEX Olivier Bernoux, a designer who heads a luxury fan store in Madrid, acknowledged the accessory has "a heavy legacy... perceived as an old object, for the elderly". But they are "not kitsch, nor for old women", insisted the man whose celebrity clients include pop idol Madonna and US actor Eva Longoria. "Even in New York you find fans due to climate change because you have to find a way to cool down," said Bernoux. His global customer base brings different expectations. "Men are more classic", while Spanish women "are more sensitive to the noise" made when fans are unfurled, he said. "For the 'Miami' American woman customer, large fans are a must-have, while the French are particularly attracted to all our linen creations," Bernoux continued.
