Hungary Air Conditioner Market (2024-2030) | Size, Trends, Industry, Forecast, Share, Growth, Value, Revenue, Analysis, Outlook & COVID-19 IMPACT

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

In the year 2021, Czechia was the largest exporter in terms of value, followed by China, Hong Kong SAR. It has registered a decline of -1.08% over previous year. While China, Hong Kong SAR registered a growth of 4700.69% over previous year. While in 2017 China was the largest exporter followed by Czechia. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Hungary has Herfindahl index of 1466 in 2017 which signifies high competitiveness while in 2021 it registered a Herfindahl index of  1711 which signifies moderately concentrated in the market

Hungary Air Conditioner (AC) Market - Export Market Opportunities

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

The Hungary Air Conditioner (AC) Market is witnessing significant growth owing to the increasing demand for ACs from both residential as well as commercial sectors. One of the major developments of this market is the emergence of advanced air conditioners which can be controlled via a smartphone or other internet-connected devices. Consumers look for more energy-efficient as well as eco-friendly models in order to reduce their carbon footprint, and they also save money on electricity bills. Manufacturers are now focusing on developing air conditioner units with advanced features like inverters that can regulate temperature with low power consumption. Another trend which is observed in the industry is the rising popularity of portable air conditioners which do not need installation and can be moved easily, which supports the Hungary Air Conditioner (AC) Market Growth.

Topics Covered in the Hungary Air Conditioner Market Report

The Hungary Air Conditioner Market report thoroughly covers the market by type and application. The 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.

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

Hungary Air Conditioner Market Synopsis

The Hungary Air Conditioner Market is likely to accomplish great success over the forecast period attributed to favorable government policies, and growing construction activities as well as growth in demand for ACs from commercial and residential sectors.

According to 6Wresearch, Hungary Air Conditioner Market grew by 2.4% in 2017- 2020 and is expected to grow at a CAGR of 6.3% during 2021- 2027. Hungary occupies the 10th position in terms of the market size in the Europe Air Conditioner Market. The major market drivers are favorable government policies, and growing construction activities as well as growth in demand for ACs from commercial and residential sectors. Inverter air conditioners are becoming more popular as they are energy-efficient as compared to non-inverter air conditioners and they also have longer lifespans. In addition, these air conditioners have the potential to automatically adjust their speed in order to match the needed cooling capacity, and it helps to save on electric bills. Consumers look for more energy-efficient as well as eco-friendly models in order to reduce their carbon footprint, and they also save money on electricity bills. Manufacturers are now focusing on developing air conditioner units with advanced features like inverters that can regulate temperature with low power consumption. These factors play a crucial role in increasing the Hungary Air Conditioner Market Share.

COVID-19 Impact on Hungary Air Conditioner (AC) Industry

The COVID-19 outbreak had a significant impact on the market. With more people in the country staying at home on the back of the lockdowns as well as social distancing measures, there was a rise in demand for air conditioners units as people were spending more time indoors. The demand for air conditioners grew in the residential sector, but the case was different in the commercial sector. Companies were not allowed to operate during the coronavirus pandemic, which, in turn, declined the demand for ACs. Manufacturers of air conditioners had to face difficulties which led to a shortage of products. The pandemic had a mixed impact on the Air Conditioner Market in Hungary.

Hungary Air Conditioner (AC) Market: Major Players

The sector is highly fragmented with the presence of many small and medium-sized manufacturers and some of the major players in the industry are as follows:

• Bosch Home Appliances
• Daikin Industries
• LG Electronics
• Midea Group
• Panasonic Corporation
• Samsung Electronics
• Sharp Corporation
• Whirlpool Corporation 
• Fujitsu General Ltd. 
• Gree Electric Appliances Inc.

Market 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 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:

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

Market Scope and Segmentation

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

By Type

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

By Application

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