Market Forecast By Product Types (Chiller (Air Cooled Chiller and Water Cooled Chiller), FCU (Fan Coil Units (Two-Pipe and Four-Pipe), AHU (Air Handling Unit), VRF (Variable Refrigerant Flow), Rooftop Packaged Units and Others (Condensing Units, Heat Pumps)), By Applications (Commercial Offices & Retail, Healthcare & Hospitality, Transportation, Industrial and Others including BFSI and Education), By Countries (Brazil, Mexico, Argentina, Venezuela, Chile and Others including Colombia, Panama, Peru, etc.) and Competitive Landscape
Product Code: ETC000974 | Publication Date: Sep 2019 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 120 | No. of Figures: 132 | No. of Tables: 6 | |
Latin America Commercial Air Conditioner (AC) Market report thoroughly covers the market by product type, application, and country. 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.
The Latin American market has been growing significantly due to the expanding commercial sector, increasing manufacturing activity, and rising demand for energy-efficient air conditioning systems. With a focus on the Latin America commercial air conditioner market. The growing construction sector and increasing government investments in infrastructure projects
According to 6Wresearch, the Latin America Commercial Air Conditioner (AC) Market size is estimated to grow at a CAGR of 3.7% during the forecast period 2024-2030. The high demand for commercial air conditioning systems in Latin America is primarily driven by the expanding construction sector and the need for commercial spaces with a controlled temperature. Furthermore, the increasing per capita income, urbanization, and changing lifestyles have resulted in an increasing need for energy-efficient air conditioning systems that have a low carbon footprint. This has pushed companies to innovate and introduce new products that can meet the energy efficiency standards of the Latin America Commercial Air Conditioner (AC) industry. Despite the growth of the commercial air conditioning market in Latin America, the industry faces some significant challenges. One of the foremost challenges is the lack of awareness and understanding of the benefits of energy-efficient air conditioning systems. The initial high cost of installing and maintaining the systems may be a significant hindrance for small and medium-sized enterprises. However, the increasing demand for smart homes and the constant evolution of smart technology has led to the development of smart air conditioning systems in the commercial air conditioning market. Additionally, there is a considerable shift towards energy-efficient systems such as VRF technology and inverter systems.
Several governments in Latin America are pursuing policies and initiatives that promote the use of energy-efficient and sustainable products, including commercial air conditioning systems. For instance, in Brazil, the government has launched the Program for Energy Efficiency in Buildings (PROCEL EDIFICA) which encourages companies to install energy-efficient air conditioning systems. Similarly, in Mexico, the Energy Efficiency Program (PEE) provides incentives for companies to adopt energy-efficient air conditioning systems.
Some of the prominent players operating in the Latin American commercial air conditioner market include Daikin Industries Ltd, LG Electronics, Mitsubishi Electric, Johnson Controls, Carrier Corporation, Hitachi Ltd, Panasonic Corporation, and Samsung Electronics, among others. These companies are focusing on strategic collaborations, mergers and acquisitions, product innovations, and technological advancements to expand their market share.
According to Dhaval, Research Manager, 6Wresearch, Commercial offices and retail is growing and dominating the Latin America Commercial Air Conditioner (AC) Market share with the growing construction of commercial spaces.
The report offers a comprehensive study of the subsequent market segments:
Chiller
FCU
AHU
VRF
Rooftop Packaged Units
Others
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Latin America Commercial Air Conditioner Market Overview |
3.1 Latin America Commercial Air Conditioner Market Revenues (2020-2030F) |
3.2 Latin America Commercial Air Conditioner Revenue Share, By Countries (2020 & 2030F) |
3.3 Latin America Commercial Air Conditioner Market – Industry Life Cycle |
3.4 Latin America Commercial Air Conditioner Market - Porter’s Five Forces |
4. Latin America Commercial Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Latin America Commercial Air Conditioner Market Trends |
6. Brazil Commercial Air Conditioner Market Overview |
6.1 Brazil Commercial Air Conditioner Market Revenues (2020-2030F) |
6.2 Brazil Commercial Air Conditioner Market Revenue Share, By Types (2020 & 2030F) |
6.2.1 Brazil Chiller Market Revenues (2020-2030F) |
6.2.1.1 Brazil Chiller Market Revenue Share, By Types (2020 & 2030F) |
6.2.1.2 Brazil Air Cooled Chiller Market Revenues (2020-2030F) |
6.2.1.3 Brazil Water Cooled Chiller Market Revenues (2020-2030F) |
6.2.2 Brazil FCU Market Revenues (2020-2030F) |
6.2.2.1 Brazil FCU Market Revenue Share, By Types (2020 & 2030F) |
6.2.2.2 Brazil Two-Pipe FCU Market Revenues (2020-2030F) |
6.2.2.3 Brazil Four-Pipe FCU Market Revenues (2020-2030F) |
6.2.3 Brazil AHU Market Revenues (2020-2030F) |
6.2.4 Brazil VRF Market Revenues (2020-2030F) |
6.2.5 Brazil Rooftop Packaged Commercial Air Conditioner Market Revenues (2020-2030F) |
6.2.6 Brazil Other Commercial Air Conditioner Market Revenues (2020-2030F) |
6.3 Brazil Commercial Air Conditioner Market Revenue Share, By Applications (2020 & 2030F) |
6.3.1 Brazil Commercial Offices & Buildings Application Air Conditioner Market Revenues (2020-2030F) |
6.3.2 Brazil Healthcare & Hospitality Application Commercial Air Conditioner Market Revenues (2020-2030F) |
6.3.3 Brazil Transportation Application Commercial Air Conditioner Market Revenues (2020-2030F) |
6.3.4 Brazil Industrial Application Commercial Air Conditioner Market Revenues (2020-2030F) |
6.3.5 Brazil Other Applications Commercial Air Conditioner Market Revenues (2020-2030F) |
6.4 Brazil Commercial Air Conditioner Market Opportunity Assessment |
6.4.1 Brazil Commercial Air Conditioner Market Opportunity Assessment, By Types (2030F) |
6.4.2 Brazil Commercial Air Conditioner Market Opportunity Assessment, By Applications (2030F) |
7. Mexico Commercial Air Conditioner Market Overview |
7.1 Mexico Commercial Air Conditioner Market Revenues (2020-2030F) |
7.2 Mexico Commercial Air Conditioner Market Revenue Share, By Types (2020 & 2030F) |
7.2.1 Mexico Chiller Market Revenues (2020-2030F) |
7.2.1.1 Mexico Chiller Market Revenue Share, By Types (2020 & 2030F) |
7.2.1.2 Mexico Air Cooled Chiller Market Revenues (2020-2030F) |
7.2.1.3 Mexico Water Cooled Chiller Market Revenues (2020-2030F) |
7.2.2 Mexico FCU Market Revenues (2020-2030F) |
7.2.2.1 Mexico FCU Market Revenue Share, By Types (2020 & 2030F) |
7.2.2.2 Mexico Two-Pipe FCU Market Revenues (2020-2030F) |
7.2.2.3 Mexico Four-Pipe FCU Market Revenues (2020-2030F) |
7.2.3 Mexico AHU Market Revenues (2020-2030F) |
7.2.4 Mexico VRF Market Revenues (2020-2030F) |
7.2.5 Mexico Rooftop Packaged Commercial Air Conditioner Market Revenues (2020-2030F) |
7.2.6 Mexico Other Commercial Air Conditioner Market Revenues (2020-2030F) |
7.3 Mexico Commercial Air Conditioner Market Revenue Share, By Applications (2020 & 2030F) |
7.3.1 Mexico Commercial Offices & Buildings Application Air Conditioner Market Revenues (2020-2030F) |
7.3.2 Mexico Healthcare & Hospitality Application Commercial Air Conditioner Market Revenues (2020-2030F) |
7.3.3 Mexico Transportation Application Commercial Air Conditioner Market Revenues (2020-2030F) |
7.3.4 Mexico Industrial Application Commercial Air Conditioner Market Revenues (2020-2030F) |
7.3.5 Mexico Other Applications Commercial Air Conditioner Market Revenues (2020-2030F) |
7.4 Mexico Commercial Air Conditioner Market Opportunity Assessment |
7.4.1 Mexico Commercial Air Conditioner Market Opportunity Assessment, By Types (2030F) |
7.4.2 Mexico Commercial Air Conditioner Market Opportunity Assessment, By Applications (2030F) |
8. Argentina Commercial Air Conditioner Market Overview |
8.1 Argentina Commercial Air Conditioner Market Revenues (2020-2030F) |
8.2 Argentina Commercial Air Conditioner Market Revenue Share, By Types (2020 & 2030F) |
8.2.1 Argentina Chiller Market Revenues (2020-2030F) |
8.2.1.1 Argentina Chiller Market Revenue Share, By Types (2020 & 2030F) |
8.2.1.2 Argentina Air Cooled Chiller Market Revenues (2020-2030F) |
8.2.1.3 Argentina Water Cooled Chiller Market Revenues (2020-2030F) |
8.2.2 Argentina FCU Market Revenues (2020-2030F) |
8.2.2.1 Argentina FCU Market Revenue Share, By Types (2020 & 2030F) |
8.2.2.2 Argentina Two-Pipe FCU Market Revenues (2020-2030F) |
8.2.2.3 Argentina Four-Pipe FCU Market Revenues (2020-2030F) |
8.2.3 Argentina AHU Market Revenues (2020-2030F) |
8.2.4 Argentina VRF Market Revenues (2020-2030F) |
8.2.5 Argentina Rooftop Packaged Commercial Air Conditioner Market Revenues (2020-2030F) |
8.2.6 Argentina Other Commercial Air Conditioner Market Revenues (2020-2030F) |
8.3 Argentina Commercial Air Conditioner Market Revenue Share, By Applications (2020 & 2030F) |
8.3.1 Argentina Commercial Offices & Buildings Application Air Conditioner Market Revenues (2020-2030F) |
8.3.2 Argentina Healthcare & Hospitality Application Commercial Air Conditioner Market Revenues (2020-2030F) |
8.3.3 Argentina Transportation Application Commercial Air Conditioner Market Revenues (2020-2030F) |
8.3.4 Argentina Industrial Application Commercial Air Conditioner Market Revenues (2020-2030F) |
8.3.5 Argentina Other Applications Commercial Air Conditioner Market Revenues (2020-2030F) |
8.4 Argentina Commercial Air Conditioner Market Opportunity Assessment |
8.4.1 Argentina Commercial Air Conditioner Market Opportunity Assessment, By Types (2030F) |
8.4.2 Argentina Commercial Air Conditioner Market Opportunity Assessment, By Applications (2030F) |
9. Chile Commercial Air Conditioner Market Overview |
9.1 Chile Commercial Air Conditioner Market Revenues (2020-2030F) |
9.2 Chile Commercial Air Conditioner Market Revenue Share, By Types (2020 & 2030F) |
9.2.1 Chile Chiller Market Revenues (2020-2030F) |
9.2.1.1 Chile Chiller Market Revenue Share, By Types (2020 & 2030F) |
9.2.1.2 Chile Air Cooled Chiller Market Revenues (2020-2030F) |
9.2.1.3 Chile Water Cooled Chiller Market Revenues (2020-2030F) |
9.2.2 Chile FCU Market Revenues (2020-2030F) |
9.2.2.1 Chile FCU Market Revenue Share, By Types (2020 & 2030F) |
9.2.2.2 Chile Two-Pipe FCU Market Revenues (2020-2030F) |
9.2.2.3 Chile Four-Pipe FCU Market Revenues (2020-2030F) |
9.2.3 Chile AHU Market Revenues (2020-2030F) |
9.2.4 Chile VRF Market Revenues (2020-2030F) |
9.2.5 Chile Rooftop Packaged Commercial Air Conditioner Market Revenues (2020-2030F) |
9.2.6 Chile Other Commercial Air Conditioner Market Revenues (2020-2030F) |
9.3 Chile Commercial Air Conditioner Market Revenue Share, By Applications (2020 & 2030F) |
9.3.1 Chile Commercial Offices & Buildings Application Air Conditioner Market Revenues (2020-2030F) |
9.3.2 Chile Healthcare & Hospitality Application Commercial Air Conditioner Market Revenues (2020-2030F) |
9.3.3 Chile Transportation Application Commercial Air Conditioner Market Revenues (2020-2030F) |
9.3.4 Chile Industrial Application Commercial Air Conditioner Market Revenues (2020-2030F) |
9.3.5 Chile Other Applications Commercial Air Conditioner Market Revenues (2020-2030F) |
9.4 Chile Commercial Air Conditioner Market Opportunity Assessment |
9.4.1 Chile Commercial Air Conditioner Market Opportunity Assessment, By Types (2030F) |
9.4.2 Chile Commercial Air Conditioner Market Opportunity Assessment, By Applications (2030F) |
10. Venezuela Commercial Air Conditioner Market Overview |
10.1 Venezuela Commercial Air Conditioner Market Revenues (2020-2030F) |
10.2 Venezuela Commercial Air Conditioner Market Revenue Share, By Types (2020 & 2030F) |
10.2.1 Venezuela Chiller Market Revenues (2020-2030F) |
10.2.1.1 Venezuela Chiller Market Revenue Share, By Types (2020 & 2030F) |
10.2.1.2 Venezuela Air Cooled Chiller Market Revenues (2020-2030F) |
10.2.1.3 Venezuela Water Cooled Chiller Market Revenues (2020-2030F) |
10.2.2 Venezuela FCU Market Revenues (2020-2030F) |
10.2.2.1 Venezuela FCU Market Revenue Share, By Types (2020 & 2030F) |
10.2.2.2 Venezuela Two-Pipe FCU Market Revenues (2020-2030F) |
10.2.2.3 Venezuela Four-Pipe FCU Market Revenues (2020-2030F) |
10.2.3 Venezuela AHU Market Revenues (2020-2030F) |
10.2.4 Venezuela VRF Market Revenues (2020-2030F) |
10.2.5 Venezuela Rooftop Packaged Commercial Air Conditioner Market Revenues (2020-2030F) |
10.2.6 Venezuela Other Commercial Air Conditioner Market Revenues (2020-2030F) |
10.3 Venezuela Commercial Air Conditioner Market Revenue Share, By Applications (2020 & 2030F) |
10.3.1 Venezuela Commercial Offices & Buildings Application Air Conditioner Market Revenues (2020-2030F) |
10.3.2 Venezuela Healthcare & Hospitality Application Commercial Air Conditioner Market Revenues (2020-2030F) |
10.3.3 Venezuela Transportation Application Commercial Air Conditioner Market Revenues (2020-2030F) |
10.3.4 Venezuela Industrial Application Commercial Air Conditioner Market Revenues (2020-2030F) |
10.3.5 Venezuela Other Applications Commercial Air Conditioner Market Revenues (2020-2030F) |
10.4 Venezuela Commercial Air Conditioner Market Opportunity Assessment |
10.4.1 Venezuela Commercial Air Conditioner Market Opportunity Assessment, By Types (2030F) |
10.4.2 Venezuela Commercial Air Conditioner Market Opportunity Assessment, By Applications (2030F) |
11. Rest of Latin America Commercial Air Conditioner Market Overview |
11.1 Rest of Latin America Commercial Air Conditioner Market Revenues (2020-2030F) |
12. Latin America Commercial Air Conditioner Market Key Performance Indicators |
12.1 Brazil Commercial Air Conditioner Market Key Performance Indicators |
12.2 Mexico Commercial Air Conditioner Market Key Performance Indicators |
12.3 Argentina Commercial Air Conditioner Market Key Performance Indicators |
12.4 Chile Commercial Air Conditioner Market Key Performance Indicators |
13. Latin America Commercial Air Conditioner Market Competitive Landscape |
13.1 Latin America Commercial Air Conditioner Market Competitive Benchmarking – By Types |
13.2 Brazil Commercial Air Conditioner Market Revenue Share, By Company, 2023 |
13.3 Mexico Commercial Air Conditioner Market Revenue Share, By Company, 2023 |
13.4 Argentina Commercial Air Conditioner Market Revenue Share, By Company, 2023 |
13.5 Chile Commercial Air Conditioner Market Ranking, By Company, 2023 |
13.6 Venezuela Commercial Air Conditioner Market Ranking, By Company, 2023 |
14. Company Profiles |
15. Strategic Recommendations |
16. Disclaimer |
Market Forecast By Product Types (Chiller (Air Cooled Chiller and Water Cooled Chiller), FCU (Fan Coil Units (Two-Pipe and Four-Pipe), AHU (Air Handling Unit), VRF (Variable Refrigerant Flow), Rooftop Packaged Units and Others (Condensing Units, Heat Pumps)), By Applications (Commercial Offices & Retail, Healthcare & Hospitality, Transportation, Industrial and Others including BFSI and Education), By Countries (Brazil, Mexico, Argentina, Venezuela, Chile and Others including Colombia, Panama, Peru, etc.) and Competitive Landscape
Product Code: ETC000974 | Publication Date: Sep 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 120 | No. of Figures: 132 | No. of Tables: 6 |
Latin America commercial air conditioner market experienced a decline in 2018 as several Latin American countries continued to suffer from economic distress and political instability which led to the further decline of the construction sectors. These factors adversely affected the infrastructure development in the region and consequently the commercial air conditioner market as well. However, countries such as Brazil and Mexico are on the path to recovery, with their construction sector and consumer spending expected to rebound over the coming years, which would generate new demand for commercial air conditioners in the region.
According to 6Wresearch, Latin America Commercial Air Conditioner Market size is projected to grow at a CAGR of 2.3% during 2019–25. Commercial air conditioners are commonly used in a diverse range of applications, from small cafes to large public spaces. In an attempt to strengthen their struggling economy, many nations have made infrastructural development their priority in Latin America. Therefore, the building of infrastructure across applications, such as transportation and hospitality, would create new areas of use for commercial air conditioners across the region. By types, VRFs are anticipated to account for the majority of the revenue share in several countries over the coming years on account of increasing consumer preference towards the installation of environment-friendly and energy-efficient commercial air conditioning systems.
The commercial offices & retail, hospitality and transportation application segments of the overall market are expected to grow considerably during the forecast period as the government increases their focus on the public infrastructure sector in the region. Some of the key players in the Latin America commercial air conditioner market include Daikin, Trane, Carrier, Mitsubishi and Johnson Controls.
The Latin America commercial air conditioner market report comprehensively covers the market by types, applications, and countries. The Latin America commercial air conditioner market outlook report provides an unbiased and detailed analysis of the Latin America commercial air conditioner market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies accordingly to the current and future market dynamics.
Latin American air conditioner market growth increasing. Energy efficiency and along with increasing consumer awareness help in increasing the growth rate. In the Latin America air conditioner market introducing new products. Exports of compressor including many regions such as Argentina, Brazil and Mexico market growth. Improving market standards of living increasing demand for the air conditioner. In Latin America the air conditioner used in diverse range and with different applications to a large public place or small cafe. In Latin America commercial air conditioner market make used in multiple economic cities such as medical cities, hotels, transportation networks, and malls. vision expected to create new opportunities in the commercial air conditioner displays and bring multiple purposes such as particularly in the retail, presenting advertisements, healthcare, transportation, and sporting event segment.in upcoming years the consumer will prefer the installation of energy-efficient and environmentally friendly with different features of commercial air conditioners in the Latin American market.
Key Highlights of the Report:
Markets Covered
The Latin America commercial air conditioner market report provides a detailed analysis of the following market segments: