South-East Asia Air Conditioner Market (2018-2024) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Southeast Asia Air Conditioner Market

Southeast Asia Air Conditioner Market is witnessing innovation in order to reduce the emission of harmful gases and the production of more eco-friendly air conditioners. Thermally powered air conditioning is a novel AC technology that responds to the need for more environmentally friendly systems. It can be used as an alternative to regular air conditioners and provides an energy-efficient cooling option. This system cools with solar energy instead of electricity, and if solar energy isn't available, natural gas is used. This fully eliminates the need for electricity. India is developing itself as a global centre for air conditioner production, due in part to government incentives that have prompted companies to expand.

Southeast Asia Air Conditioner Market Synopsis

The penetration of air conditioners has increased rapidly over the last few years in the South-East Asian region owing to growing investment in new infrastructural development projects in countries such as Indonesia, Vietnam and Thailand. Increasing construction activities, the emerging tourism industry along with the implementation of government plans such as Malaysia's Industry 4.0, Indonesia Vision 2045, Philippines Vision 2040 and Vietnam Vision 2035 are also expected to boost the South-East Asia air conditioner market forecast period revenues.

According to 6Wresearch, the South-East Asia air conditioner market size is projected to grow at a CAGR of 12.1% during 2018-24. South-East Asia air conditioner market share is majorly led by applications such as residential and commercial offices & retail. Additionally, growing FDI in several South-East Asian countries in the commercial and social infrastructure sectors would increase the demand for air conditioners in areas such as offices, educational buildings and healthcare during the forecast period.

By type, split air conditioners dominated the overall air conditioner market due to their high demand in the residential and commercial sectors. VRFs are expected to grow during the forecast period owing to their increasing adoption in the commercial sector as these offer easy installation and energy-efficient cooling. Among the South-East Asian countries, Indonesia, Thailand and Vietnam are expected to register the highest market revenue share in the overall air conditioner market due to major infrastructure development projects such as the EmSphere Mall, Sheraton Phu Quoc Resort, etc.

Some of the key players in the South-East Asia air conditioner market include Daikin, Panasonic, Mitsubishi, LG and Samsung. The South-East Asia air conditioner market report comprehensively covers the market by types, applications and countries. The South-East Asia air conditioner market outlook report provides an unbiased and detailed analysis of the South-East Asia 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

The Southeast Asia air conditioner market is estimated to gain traction during the forecast period 2018-24F on the back of the rising potential growth of the commercial sector in the country. Southeast Asian mostly countries named the Philippines, Thailand, and Indonesia draw massive tourists every year and seek for best hotels that support the expansion of the hospitality sector in the countries this simultaneously registers the sound growth of the air conditioner market with the growing air conditioner installation in the country. Also, Singapore is considered the hub of the corporate sector with the highly tech-savvy population in the country concurrently, the high rate of air conditioner installation is estimated to act as a catalyst for the growth of the Southeast Asia air conditioner market in the years ahead.

Key Highlights of the Report:

• South-East Asia Air Conditioner Market Overview
• South-East Asia Air Conditioner Market Outlook
• South-East Asia Air Conditioner Market Size and South-East Asia Air Conditioner Market Forecast until 2024
• Historical Data of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues for the Period, 2014-2017
• Market Size & Forecast of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues, until 2024F
• Historical Data of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues by Types for the Period, 2014-2017
• Market Size & Forecast of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues by Types, until 2024F
• Historical Data of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues By Applications for the Period, 2014-2017
• Market Size & Forecast of Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Myanmar, Cambodia and Rest of South-East Asia Air Conditioner Market Revenues by Applications, until 2024F
• Market Drivers and Restraints
• South-East Asia Air Conditioner Market Trends
• South-East Asia Air Conditioner Market Overview on Competitive Benchmarking
• Competitive Landscape
• South-East Asia Air Conditioner Market Share, By Players
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The South-East Asia Air Conditioner Market report provides a detailed analysis of the following market segments:

By Types

    o Room AC
              ? Window
              ? Split
    o Ducted AC
              ? Ceiling Concealed
              ? Rooftop Packaged
    o Ductless AC
              ? Cassette
              ? Floor Standing
              ? Ceiling Suspended
    o Centralized AC
              ? VRF
              ? AHU/FCU
              ? Chiller
              ? Condensing Unit
              ? Others (Evaporator Coils, Compressor, etc.)

By Applications

• Residential
• Commercial Offices & Retail
• Infrastructure & Transportation
• Hospitality
• Others (Education, BFSI, Healthcare, etc.)

By Countries

• Indonesia
• Vietnam
• Thailand
• the Philippines
• Malaysia
• Singapore
• Myanmar
• Cambodia
• Rest of South-East Asia (Timor-Leste, Laos and Brunei)