Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, and Rest of Asia), By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
Product Code: ETC090123 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Asia Pacific Air Conditioner (AC) Market is projected to rise at a tremendous rate during the forecast period due to the rising penetration towards a comfortable lifestyle. The sector is attaining significant growth in the region and it will continue to propel as there will be significant growth in demand for air conditioners in the future.
According to 6Wresearch, the Asia Pacific Air Conditioner (AC) Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector has been attaining growth since the time it started its operation in the region. There are numerous growth factors driving the Asia Pacific Air Conditioner Market Growth. Rising disposable income, rising population, and rise in urbanization are some of the major factors driving the sector in the continent. The governments of Asian countries also support the sector and they come up with many policies to promote the market in the region. These factors have been fueling the Asia Pacific Air Conditioner (AC) MarketΒ Growth.
The technological advancements in the region are also driving its growth and aiding it to become more efficient and advanced. With the help of advanced technology, the Air Conditioner Market Size in Asia Pacific is continuously growing as with technological involvements, industry players are now able to meet each requirement of their consumers. Meeting the demands of their consumers enables market players to contribute to the sector's growth. It is owing to the efforts and smart work done by the players that the market is progressing effortlessly. The rising concern towards electricity usage is stimulating the growth of inverters and energy-efficient air conditioners.
Establishments of government buildings with rising public as well as a private investment are also leading to sector growth. The sector has been progressing as the demand for air conditioners is increasing more and more in Asia Pacific countries. The competition in the industry is continuously growing owing to the continuous growth opportunities in the market. New players keep entering the market as opportunities are growing and market players can take advantage of those rising opportunities in the market.
The Asia Pacific Air Conditioner Industry faced many challenges when the COVID-19 pandemic hit the region. There are many countries in the region that are the leading producers of air conditioners. China is the leading market in this space in the region and owing to the pandemic, it came across numerous challenges that disrupted the marketβs growth. The demand for air conditioners in the region decreased as consumers started focusing on their most basic needs which includes food, healthcare, etc. The sector has now overcome the pandemic impacts and it is likely to grow more in the near future. The high initial cost also led to the negative growth of the sector.
The sector is now progressing after dealing with many challenges during the coronavirus pandemic. There are numerous growth factors driving the Asia Pacific Air Conditioner Market Growth. Rising disposable income, rising population, and rise in urbanization are some of the major factors driving the sector in the continent.
Based on countries, the market is fragmented into China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, and the Rest Of Asia. India is likely to hold the maximum growth in the years to come on the back of the rising demand for commercial air conditioners with the rising healthcare as well as hospitality market.
Based on type, the Asia Pacific Air Conditioner Industry is fragmented into Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, and Centralized Air Conditioners. Room Air Conditioner in the region is projected to hold the largest market share on the back of the growing residential areas.
On the basis of application, the Air Conditioner Market in Asia Pacific is fragmented into Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, and Others. The residential segment is anticipated to hold the maximum growth due to the rising demand of consumers. Changing climate is one of the major reasons behind the rising demand for air conditioners in homes.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Air Conditioner Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Air Conditioner Market Revenues & Volume, 2022 & 2029F |
3.3 Asia Pacific Air Conditioner Market - Industry Life Cycle |
3.4 Asia Pacific Air Conditioner Market - Porter's Five Forces |
3.5 Asia Pacific Air Conditioner Market Revenues & Volume Share, By Countries, 2020 & 2029F |
3.6 Asia Pacific Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2029F |
3.7 Asia Pacific Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2029F |
4 Asia Pacific Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Air Conditioner Market Trends |
6 Asia Pacific Air Conditioner Market, 2019-2029 |
6.1 Asia Pacific Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
6.2 Asia Pacific Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
7 China Air Conditioner Market, 2019-2029 |
7.1 China Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
7.2 China Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
8 India Air Conditioner Market, 2019-2029 |
8.1 India Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
8.2 India Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
9 Japan Air Conditioner Market, 2019-2029 |
9.1 Japan Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
9.2 Japan Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
10 Australia Air Conditioner Market, 2019-2029 |
10.1 Australia Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
10.2 Australia Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
11 Indonesia Air Conditioner Market, 2019-2029 |
11.1 Indonesia Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
11.2 Indonesia Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
12 Philippines Air Conditioner Market, 2019-2029 |
12.1 Philippines Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
12.2 Philippines Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
13 Malaysia Air Conditioner Market, 2019-2029 |
13.1 Malaysia Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
13.2 Malaysia Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
14 Rest of Asia Air Conditioner Market, 2019-2029 |
14.1 Rest of Asia Air Conditioner Market, Revenues & Volume, By Type, 2019-2029 |
14.2 Rest of Asia Air Conditioner Market, Revenues & Volume, By Application, 2019-2029 |
15 Asia Pacific Air Conditioner Market Key Performance Indicators |
16 Asia Pacific Air Conditioner Market - Opportunity Assessment |
16.1 Asia Pacific Air Conditioner Market Opportunity Assessment, By Countries, 2020 & 2029F |
16.2 Asia Pacific Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2029F |
16.3 Asia Pacific Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2029F |
17 Asia Pacific Air Conditioner Market - Competitive Landscape |
17.1 Asia Pacific Air Conditioner Market Revenue Share, By Companies, 2020 |
17.2 Asia Pacific Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
18 Company Profiles |
19 Recommendations |
20 Disclaimer |
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