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: ETC090092 | 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 | |
Cambodia 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.
Cambodia has a tropical climate, with hot & humid temperatures. Moreover, the Cambodia Air Conditioner (AC) Market growth has been gaining traction owing to increasing high-rise construction and a robust tourism industry. Other factors include the growing awareness of the importance of indoor air quality and the desire for sustainability.
According to 6Wresearch, the Cambodia Air Conditioner (AC) Market size is projected to surge at a CAGR of 8.9% during the forecast period 2024-2030. The rising disposable income of the population and expanding commercial and residential buildings are increasing the AC demand in Cambodia. Automotive air conditioning systems are also becoming highly demanded amongst the middle class in Cambodia. The increasing awareness of the advantages automotive ACs that facilitate some efficient features such as comfort, improved health, and enhanced productivity, has also encouraged more people to invest in them. However, some challenges can hinder the Cambodia Air Conditioner (AC) Market growth are the high cost of air conditioning units.
Due to the limited availability of local production, availability of imported ACs—which makes it challenging for middle and low-income households to afford them. Another challenge the shortage of qualified technicians for installation and maintenance services. Besides these challenges, market still has a huge space to grow with the emerging trends. The rising shifting towards energy-efficient cooling solutions. With the increasing demand for air conditioning systems, there is also growing awareness of energy efficiency and its advantages for society and the environment. Customers are becoming more conscious of their electricity consumption, and this has led them to look for energy-efficient air conditioning units.
The Cambodian government promoting energy-efficient air conditioning solutions. The Ministry of Mines and Energy passed the "Energy Efficiency and Conservation Policy," which aims to promote environmental protection and energy conservation in the country. The policy aims to stimulate customers to adopt energy-efficient cooling solutions. The government is also considering measures to support domestic production of air conditioning systems.
Many companies operate in Cambodia's AC market, and Mitsubishi, LG, Panasonic, and Daikin are some of the leading players. These companies are offering an extensive range of products, from window air conditioning units to central air conditioning systems, to meet the diverse needs of customers. These companies have been actively investing in innovative technology to provide more energy-efficient and eco-friendly solutions.
According to Dhaval, Research Manager, 6Wresearch, the ductless air conditioners are leading the race in the Cambodia air conditioner market owing to their features such as more flexible, and their lower installation costs proved them to be a more promising option for homeowners.
In terms of application, the Residential air conditioning systems are dominating the Cambodia's air conditioner market share due to the urbanization increasing, and standards of living improving.
The report offers a comprehensive study of the subsequent 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 Cambodia Air Conditioner Market Overview |
3.1 Cambodia Air Conditioner Market Revenues & Volume, 2020 - 2030F |
3.2 Cambodia Air Conditioner Market - Industry Life Cycle |
3.3 Cambodia Air Conditioner Market - Porter's Five Forces |
3.4 Cambodia Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.5 Cambodia Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Cambodia Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cambodia Air Conditioner Market Trends |
6 Cambodia Air Conditioner Market Segmentation |
6.1 Cambodia Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cambodia Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Cambodia Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F |
6.1.4 Cambodia Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F |
6.1.5 Cambodia Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F |
6.1.6 Cambodia Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F |
6.2 Cambodia Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cambodia Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3 Cambodia Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F |
6.2.4 Cambodia Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F |
6.2.5 Cambodia Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F |
6.2.6 Cambodia Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F |
6.2.7 Cambodia Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F |
7 Cambodia Air Conditioner Market Import-Export Trade Statistics |
7.1 Cambodia Air Conditioner Market Export to Major Countries |
7.2 Cambodia Air Conditioner Market Imports from Major Countries |
8 Cambodia Air Conditioner Market Key Performance Indicators |
9 Cambodia Air Conditioner Market - Opportunity Assessment |
9.1 Cambodia Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Cambodia Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Cambodia Air Conditioner Market - Competitive Landscape |
10.1 Cambodia Air Conditioner Market Revenue Share, By Companies, 2023 |
10.2 Cambodia Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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: ETC090092 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, Thailand was the largest exporter in terms of value, followed by China. It has registered a decline of -7.33% over previous year. While China registered a decline of -41.28% over previous year. While in 2017 China was the largest exporter followed by Thailand. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Cambodia has Herfindahl index of 3163 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 2646 which signifies high concentration in the market
Cambodia Air Conditioner (AC) Market is projected to grow over the coming years. Cambodia Air Conditioner (AC) Market report is a part of our periodical regional publication Asia Pacific Air Conditioner (AC) Market outlook report. 6W tracks air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Air Conditioner (AC) Market outlook report annually.
Cambodia Air Conditioner Market grew by 2.8% in 2017- 2020 and is expected to grow at a CAGR of 6.1% during 2021- 2027. Cambodia occupies 14th position in terms of the market size in the APAC Air Conditioner Market.
In terms of market by types, 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.
In terms of application, Residential dominates the market and is expected to remain in a dominant position in the coming years. However, Commercial & Retail is expected to have the fastest growth rate among all applications.
In terms of components, VRF dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all components.
Cambodia Air Conditioner Market report comprehensively covers the market by types, applications, and regions. The Cambodia Air Conditioner Market outlook report provides an unbiased analysis of the ongoing Cambodia 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.