Australia Air Conditioner Market (2024-2030) | Growth, Trends, Revenue, Analysis, Outlook, Share, Size, Industry, Segmentation

Topics Covered in the Australia Air Conditioner (AC) Market

Australia Air Conditioner (AC) Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Air Conditioner (AC) Market Synopsis

The Australian climate is defined by varied temperatures and humidity levels, ranging from hot, arid summers to cold, wet winters. As such, air conditioning (AC) has become an essential part of life in the land down under. In recent years, the market for air conditioning systems in Australia has been experiencing a significant growth trend. Due to climatic changes, increased population, and urbanisation, the demand for reliable air conditioning solutions has become paramount.

According to 6Wresearch, the Australia Air Conditioner (AC) Market size is estimated to expand at a CAGR of 5.2% during the forecast period 2024-2030. Australia Air Conditioner (AC) Market is one of the crucial markets in the country and the sector is projected to rise more soon. Many factors have been contributing to the growth of the market. There is a rise in demand for air conditioner systems that are energy-efficient, which is fueling the Australia Air Conditioner Industry growth. The climate of the nation is humid and hot, which leads to a rise in demand for air conditioners. Key players are using smart technologies in order to provide the best air conditioner to people, which also stimulates the Australia Air Conditioner (AC) Market Growth. There is a rising popularity for eco-friendly air conditioners since consumers in the sector are becoming more aware of the impact their purchases have on the environment, and it enables them to choose air conditioners that are eco-friendly. The rise in disposable incomes of people living in the country is supporting the sector.

Government Initiatives introduced in the Australia Air Conditioner (AC) Market

The government is making efforts to ensure that air conditioning systems are held to minimum energy efficiency regulations that dictate minimum energy efficiency standards. The national energy efficiency standards for air conditioning systems came into effect, increasing the minimum energy efficiency requirements by 50%. The government continued its efforts to regulate the industry further by releasing the Cooling Affordability & Reliability Plan. Regulating the tenancy law condition, ensuring that all rental properties’ air conditioning units are energy efficient, with a minimum energy star rating of 4.5 being mandatory, an increased energy efficiency saves tenants energy costs on their power bills.

Key Players in the Australia Air Conditioner (AC) Market

Some crucial players in the Australia Air Conditioner (AC) Market include:

• Daikin Industries Ltd. (Japan)
• Midea Group Co., Ltd. (China)
• LG Electronics Inc. (South Korea)
• Johnson Controls International plc (Ireland)
• Sharp Corporation (Japan)
• Hitachi, Ltd. (Japan)

Market Analysis by Application

According to Dhaval, Research Manager, 6Wresearch, In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.

Key attractiveness of the report

• • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023.
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Air Conditioner Market Outlook
• Market Size of Australia Air Conditioner Market, 2023
• Forecast of Australia Air Conditioner Market, 2030
• Historical Data and Forecast of Australia Air Conditioner Revenues & Volume for the Period 2020 - 2030
• Australia Air Conditioner Market Trend Evolution
• Australia Air Conditioner Market Drivers and Challenges
• Australia Air Conditioner Price Trends
• Australia Air Conditioner Porter's Five Forces
• Australia Air Conditioner Industry Life Cycle
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2020 - 2030
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Others for the Period 2020 - 2030
• Australia Air Conditioner Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Australia Air Conditioner Top Companies Market Share
• Australia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
• Australia Air Conditioner Company Profiles
• Australia Air Conditioner Key Strategic Recommendations

Market Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Room Air Conditioner
• Ducted Air Conditioner
• Ductless Air Conditioner
• Centralized Air Conditioner

By Application

• Residential
• Commercial & Retail
• Healthcare
• Hospitality
• Transportation & Infrastructure
• Others

Australia Air Conditioner (AC) Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 30.46% over the previous year. While Thailand registered a decline of -49.52% over the previous year. While in 2017 Thailand was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 3801 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  4173 which signifies high concentration in the market.

Australia Air Conditioner (AC) Market - Export Market Opportunities

Topics Covered in the Australia Air Conditioner (AC) Market

Australia Air Conditioner (AC) Market is projected to grow over the coming years. Australia Air Conditioner (AC) Market report is a part of our periodical regional publication Asia Pacific Air Conditioner (AC) Market Outlook report. 6W tracks the air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Air Conditioner (AC) Market outlook report annually.

The Australia Air Conditioner (AC) Market report comprehensively covers the market type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Developments of the Australia Air Conditioner (AC) Market

Australia Air Conditioner (AC) Market is one of the crucial markets in the country and the sector is projected to rise more in the near future. Many factors have been contributing to the growth of the market. There is a rise in demand for air conditioner systems that are energy-efficient, which is fueling the Australia Air Conditioner Industry growth. The climate of the nation is humid and hot, which leads to a rise in demand for air conditioners. Key players are using smart technologies in order to provide the best air conditioner to people, which also stimulates the Australia Air Conditioner (AC) Market Growth. There is a rising popularity for eco-friendly air conditioners since consumers in the sector are becoming more aware of the impact their purchases have on the environment, and it enables them to choose air conditioners that are eco-friendly. The rise in disposable incomes of people living in the country is supporting the sector. 

Australia Air Conditioner (AC) Market Synopsis

Australia Air Conditioner Market is anticipated to register modest growth during the upcoming period on account of increasing advancement in technology. The rising income of the consumer backed by increasing penetration towards a comfortable lifestyle is driving the growth of the Air Conditioner Market in Japan. Major growth in various sectors such as industrial, healthcare, industrial, commercial, and residential sectors added to the growth of the market. Moreover, the adoption of Air conditioners as a necessity further beholds the development of the market.

According to 6Wresearch, Australia Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.1% during 2021-2027. Australia occupies the 4th position in terms of the market size in the APAC Air Conditioner Market. The rising population coupled with an increasing number of houses and buildings drives the increasing growth of the market. Additionally, soaring temperatures and unfavourable weather conditions behold the inclination of consumers towards Air conditioners further owing to the growth of the market.

COVID-19 Impact on Australia Air Conditioner (AC) Market

The coronavirus pandemic outbreak led to great disruptions in a number of markets across the globe. The impact of the pandemic was severe on the Air Conditioner (AC) Market in Australia. The rapid spread of the virus caused huge disruptions in the supply chain and numerous manufacturers of AC in the country experienced delays in attaining raw materials as well as parts from overseas suppliers, which led to reduced inventory levels and delays in production. The country faced economic uncertainty during the pandemic which led several consumers to stop spending on luxury products, including home appliances like AC units. In addition, the adoption of remote work reduced the requirement for air conditioners in commercial areas, further affecting the Australia Air Conditioner (AC) Market Share negatively.

Australia Air Conditioner (AC) Market: Key Players

Some crucial players in the Australia Air Conditioner (AC) Market include:

• Daikin Industries Ltd. (Japan)
• Midea Group Co., Ltd. (China)
• LG Electronics Inc. (South Korea)
• Johnson Controls International plc (Ireland)
• Sharp Corporation (Japan)
• Hitachi, Ltd. (Japan)

Market Analysis by Type

In terms of market by type, Room Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types.

Market Analysis by Application

In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Air Conditioner Market Outlook
• Market Size of Australia Air Conditioner Market, 2020
• Forecast of Australia Air Conditioner Market, 2027
• Historical Data and Forecast of Australia Air Conditioner Revenues & Volume for the Period 2017 - 2027
• Australia Air Conditioner Market Trend Evolution
• Australia Air Conditioner Market Drivers and Challenges
• Australia Air Conditioner Price Trends
• Australia Air Conditioner Porter's Five Forces
• Australia Air Conditioner Industry Life Cycle
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Australia Air Conditioner Market Revenues & Volume By Others for the Period 2017 - 2027
• Australia Air Conditioner Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Australia Air Conditioner Top Companies Market Share
• Australia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
• Australia Air Conditioner Company Profiles
• Australia Air Conditioner Key Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Types

• Room Air Conditioner
• Ducted Air Conditioner
• Ductless Air Conditioner
• Centralized Air Conditioner

By Application

• Residential
• Commercial & Retail
• Healthcare
• Hospitality
• Transportation & Infrastructure
• Others