Mexico Air Conditioner (AC) Market (2021-2027) | Outlook, Size, Growth, Trends, Industry, Forecast, Analysis, Revenue, Segmentation & COVID-19 IMPACT

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

In the year 2021, China was the largest exporter in terms of value, followed by USA. It has registered a growth of 49.62% over previous year. While USA registered a growth of 88.89% over previous year. While in 2017 China was the largest exporter followed by USA. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Mexico has Herfindahl index of 7661 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  8039 which signifies high concentration in the market

Mexico Air Conditioner (AC) Market - Export Market Opportunities

Latest 2023 Developments of the Mexico Air Conditioner Market

The Mexico Air Conditioner Market is attaining continuous growth and a number of developments are taking place in the sector. The companies are working effectively to deliver their consumers' air conditioners that are affordable and of high quality. Customers are looking for eco-friendly as well as energy-efficient items with the rise in awareness regarding climate change as well as environmental protection. Technological advancement is another essential development in the market. Inverter technology has become popular among consumers on the back of its improved performance and energy-saving potential. Smart air conditioners have emerged as a new trend, which enables uses to control their devices via smartphones and other devices that are connected to the internet. 

Topics Covered in the Mexico Air Conditioner Market

Mexico Air Conditioner (AC) Market is projected to grow over the coming years. Mexico Air Conditioner (AC) Market report is a part of our periodical regional publication Latin America 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.

Mexico Air Conditioner (AC) Market report comprehensively covers the market type and application. The market 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.

Mexico Air Conditioner (AC) Market Synopsis 

Mexico Air Conditioner market is anticipated to register modest growth during the upcoming period on account of increasing penetration towards a comfortable lifestyle. Increasing infrastructure development backed by the inclination of consumer’s preference towards transforming the indoor environment is boosting the growth of the market. Additionally, one of the key factors driving the growth of the market is the promising growth of the construction and tourism sector. The rising population is anticipated to boost the demand of air conditioners in the residential and commercial sectors.

According to 6Wresearch, Mexico Air Conditioner (AC) Market size is projected to grow at a CAGR of 4.6% during 2021-2027. Mexico occupies the 2nd position in terms of the market size in the Latin America Air Conditioner Market. Increasing adoption of air conditioners as a need rather than a luxury is further expected to propel the growth of the market. Rapid advancement in technology is driving the demand for automatic air conditioners. Increasing penetration towards energy consumption is driving the growth of inverter AC further fueling the growth of the market.

COVID-19 Impact on Mexico Air Conditioner Market

The coronavirus pandemic had a key impact on various markets and Air Conditioner Market in Mexico was not at all an exception. There were a number of restrictions on the operation of businesses during the lockdown imposed in the country. Almost every company had to stop operating and they decided to work remotely. The closure of commercial buildings led to a huge reduction in demand for air conditioners in the country. There was an increase in demand for air conditioners from the residential sector since people were spending their time at their homes and they wanted to spend their time with ease, which led to an increase in demand for air conditioners. 

Key Players Operating in the Mexico Air Conditioner Industry

Players that are leading the market and enabling it to attain enormous growth are:

• LG Electronics
• Carrier Corporation
• Panasonic Corporation
• Daikin Industries Ltd.
• Midea Group Co. Ltd.
• Samsung Electronics Co. Ltd.
• Fujitsu General Limited
• Haier Group Corporation
• Hitachi Ltd.
• Mitsubishi Electric Corporation.

Market Analysis 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 with the fastest growth rate among all types.

Market Analysis by Application

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.

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:

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

Market Covered

The report offers a comprehensive study of the subsequent 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