Market Forecast 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: ETC090091 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bangladesh 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.
Air conditioner (AC) market in Bangladesh has been expanding rapidly in recent years. The demand is influenced by the increasing urbanization, rising disposable income, and a growing need for comfort amidst the country's tropical climate. The growing trend of smart homes that require efficient and smart air conditioning solutions. This trend is increasing the installation rate of smart ACs that can be controlled remotely.
According to 6Wresearch, the Bangladesh Air Conditioner (AC) Market size is projected to grow at a CAGR of around 14.4% during the forecast period 2024-2030. The increasing population and urbanization. As the population continues to grow, so does the demand for air conditioning in homes and commercial buildings. Another factor is the rising disposable incomes of Bangladeshis, which means more people can afford to purchase air conditioners. Additionally, the government has implemented policies aimed at improving the energy infrastructure, which has resulted in a more stable supply of electricity, making air conditioning more accessible. On the other hand, some challenges that are being faced by Bangladesh Air Conditioner (AC) industry is the high cost of electricity. This makes air conditioning expensive to run, and as a result, only accessible to those with higher levels of disposable income. Another challenge is the increasing competition from cheaper imports from China, which poses a threat to local manufacturers. Nevertheless, the rising shift towards energy-efficient models. Consumers are increasingly concerned about the environmental impact of their purchases and are willing to pay more for products that are eco-friendly. Additionally, inverter air conditioners demand is increasing, due to their more energy-efficient feature than traditional models. Smart air conditioners that can be controlled remotely using a smartphone app are also becoming more prevalent.
The government of Bangladesh has launched certain initiatives aimed at promoting energy-efficient air conditioning. For example, the Bangladesh Energy Regulatory Commission (BERC) has introduced regulations requiring manufacturers and importers of air conditioners to comply with minimum energy efficiency standards. Additionally, the government provides subsidies to promote the purchase of energy-efficient air conditioners.
The air conditioner market in Bangladesh is dominated by international companies such as Samsung, LG, and Daikin. However, there are also several well-established local companies such as General, Singer, and Walton. These companies have a strong presence in the market and are well-known for their quality products and affordable prices.
According to Dhaval, Research Manager, 6Wresearch, the residential air conditioning segment dominates the Bangladesh Air Conditioner (AC) Market share owing to the increasing middle-class population.
The report provides a detailed analysis of the following 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 Bangladesh Air Conditioner Market Overview |
3.1 Bangladesh Air Conditioner Market Revenues & Volume, 2020 - 2030F |
3.2 Bangladesh Air Conditioner Market - Industry Life Cycle |
3.3 Bangladesh Air Conditioner Market - Porter's Five Forces |
3.4 Bangladesh Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.5 Bangladesh Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Bangladesh Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Air Conditioner Market Trends |
6 Bangladesh Air Conditioner Market Segmentation |
6.1 Bangladesh Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Bangladesh Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F |
6.1.4 Bangladesh Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F |
6.1.5 Bangladesh Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F |
6.1.6 Bangladesh Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F |
6.2 Bangladesh Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3 Bangladesh Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F |
6.2.4 Bangladesh Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F |
6.2.5 Bangladesh Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F |
6.2.6 Bangladesh Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F |
6.2.7 Bangladesh Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F |
7 Bangladesh Air Conditioner Market Import-Export Trade Statistics |
7.1 Bangladesh Air Conditioner Market Export to Major Countries |
7.2 Bangladesh Air Conditioner Market Imports from Major Countries |
8 Bangladesh Air Conditioner Market Key Performance Indicators |
9 Bangladesh Air Conditioner Market - Opportunity Assessment |
9.1 Bangladesh Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Bangladesh Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Bangladesh Air Conditioner Market - Competitive Landscape |
10.1 Bangladesh Air Conditioner Market Revenue Share, By Companies, 2023 |
10.2 Bangladesh Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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Market Forecast 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: ETC090091 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Bangladesh Air Conditioner (AC) Market is projected to grow over the coming years. Bangladesh Air Conditioner (AC) Market report is a part of our periodical regional publicationΒ Asia Pacific Air Conditioner (AC) MarketΒ outlook report. 6W tracks air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titledΒ Global Air Conditioner (AC) Market outlook report annually.
Bangladesh Air Conditioner Market grew by 14.8% in 2017- 2020 and is expected to grow at a CAGR of 16.5% during 2021- 2027. Bangladesh occupies 8th position in terms of the market size in the APAC Air Conditioner Market.
In terms of market by types, Centralized Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all types.
In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years. However, Healthcare is expected to have the fastest growth rate among all applications.
In terms of components, Chillers dominates the market and is expected to remain in a dominant position in the coming years. However, VRF is expected to have the fastest growth rate among all components.
Bangladesh Air Conditioner Market report comprehensively covers the market by types, applications, and regions. The Bangladesh Air Conditioner Market outlook report provides an unbiased analysis of the ongoing Bangladesh Air Conditioner 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.