Myanmar Air Conditioner Market (2024-2030) | Share, Size, Analysis, Trends, Industry, Value, Growth, Revenue, Outlook, Segmentation

Myanmar 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 Thailand. It has registered a decline of -52.63% over previous year. While Thailand registered a decline of -66.97% 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, Myanmar has Herfindahl index of 5532 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  5781 which signifies high concentration in the market

Topics Covered in the Myanmar Air Conditioner (AC) Market

Myanmar 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.

Myanmar Air Conditioner (AC) Market is projected to grow over the coming years. Myanmar Air Conditioner (AC) Market report is a part of our periodical regional publication Asia Pacific Air Conditioner (AC) Market Outlook report. 6W tracks the 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.

Myanmar Air Conditioner (AC) Market Synopsis

Myanmar Air Conditioner (AC) Market is projected to witness significant growth in the coming years due to hot and humid weather conditions in Myanmar. The economy of Myanmar is growing rapidly on account of rising incomes and increased awareness of the benefits of air conditioning systems.

According to 6Wresearch, the Myanmar Air Conditioner (AC) Market size is anticipated to grow at a higher growth rate during 2021-27. The thriving construction industry and increasing urbanization are the major drivers for the growth of Myanmar Air Conditioner (AC) Market. Additionally, the rising discretionary expenses and changing lifestyles of people are propelling the demand for air conditioners in the country to a great extent. However, initial investment is high in this industry and power consumption rates are also higher. These factors are expected to hinder the Myanmar Air Conditioner Market Growth in the future years. Nevertheless, increasing economic development in Myanmar is resulting in an increased demand for air conditioners in the residential sector. The surging construction activities in Myanmar are also fuelling the demand for air conditioners. Also, there is a large potential market for air conditioners in Myanmar.

COVID-19 Impact on the Myanmar Air Conditioner (AC) Market

The COVID-19 pandemic has affected the growth of the Myanmar Air Conditioner (AC) Industry as it has disrupted the global supply chain which has further resulted in delays in production and delivery of air conditioners. The pandemic has led to a decrease in demand for ACs in Myanmar due to the economic downturn and consumers are also prioritizing essential items over ACs. Moreover, many AC manufacturers and retailers in Myanmar have shifted towards online sales channels which has helped to mitigate the impact of reduced footfall in physical stores.

Key Players in the Myanmar Air Conditioner (AC) Market

The Myanmar Air Conditioner (AC) industry is highly fragmented with several global and local players operating in the market. Some of them are;

• Daikin Industries Ltd.
• LG Electronics Inc.
• Samsung Electronics Co., Ltd.
• Carrier Corporation
• Midea Group Co., Ltd.
• Panasonic Corporation
• Toshiba Corporation
• Fujitsu General Limited

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, the ductless air conditioners are expected to have gain the highest market share due to their energy efficiency feature.  

Market Analysis by Application

By application, the commercial & retail segment is expected to lead the Myanmar Air Conditioner (AC) Market share due to the growing retail sector and increasing demand for air conditioners in commercial buildings.

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:

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