Market Snapshot:
Air conditioner is refer as the system which conditions the air by treating air in a defined way, usually in a enclosed area via a refrigeration cycle in which the warm air is removed and replaced with cooler air. The market of air conditioner is expected to grow in coming years due to various reason, as there is lot of weather changing condition, along with improvement in the standard of household and commercial. While some of the factor high cost and government regulations is hindering the market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Market Drivers
- Improvement in housing standards
- Increasing construction of mall, offices, and industries
- Higher disposable incomes, improved lifestyles, and diverse weather conditions
Market Trend
- Availability of air conditioners with inverter and air purification technologies
Restraints
- High cost associated with the product market
Opportunities
Rising acceptance of air conditioners as a utility product rather than a luxury product
Air Conditioner Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Residential, Commercial, Industrial and Automotive |
Type | Room/Unitary Air Conditioners, Chillers, VRF Systems, Coolers and Others |
Technology | Manual/Semi-automatic Air conditioning,Automatic air conditioning |
Distribution Channel | Specialty Stores,Supermarkets/Hypermarkets,Online,Others |
Manufacturers Covered in the Study are:
Denso Corporation (Japan), Hanon Systems (South Korea), Keihin Corporation (Japan), MAHLE GmBH (Germany), Calsonic Kansei Corporation (Japan), Daikin Industries Ltd (Japan), Gree Electrical Appliances Inc. (China), United Technologies Corporation (United States), Midea Group Co. Ltd (China) and Ingersoll-Rand PLC (Ireland)
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
What can be explored with Air Conditioner study:
Where Air Conditioner industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Manufacturers
Where Manufacturers should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are LG Electronics Inc., Qingdao Haier Co. Ltd, Panasonic Corporation, Toshiba Corporation, Voltas Limited, Haier Group Corporation and Bluestar.