Thailand Air Conditioner Market (2024-2030) | Analysis, Size, Revenue, Forecast, Trends, Growth, industry, Outlook & Value.

Thailand 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 Malaysia. It has registered a growth of 7.67% over the previous year. While Malaysia registered a decline of -9.76% over the previous year. While in 2017 Malaysia was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Thailand had a Herfindahl index of 4942 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  5545 which signifies high concentration in the market

Thailand Air Conditioner (AC) Market - Export Market Opportunities

Topics Covered in the Thailand Air Conditioner (AC) Market

The Thailand 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.

Thailand Air Conditioner (AC) Market Synopsis

Thailand air conditioner market is presently ranked fourth in the world. With the rise of the middle class, urbanisation, and technological advancements, the air conditioner market is expected to grow further soon. The primary reason driving the market is the increasing number of middle-class households, along with the rapid urbanisation of the country, leading to a higher demand for air conditioners in both residential and commercial buildings.

According to 6Wresearch, the Thailand Air Conditioner (AC) Market size is expected to grow at a remarkable CAGR of 10.9% during the forecast period 2023-2029. The Thailand Air Conditioner (AC) Market is attaining growth owing to the number of innovations and developments being introduced in the market to align with the demands of consumers. The rising popularity of air conditioners with inverter features is one of the major developments going on in the Thailand Air Conditioner (AC) Industry. These units are more energy-efficient as compared to traditional models as they help save money on electricity bills while decreasing environmental impact. Smart home technology in AC systems is another development of the sector. Several manufacturers released products which can be controlled via smartphones and voice assistants such as Google Home and Alexa. The adoption of advanced technologies also helps to fuel the Thailand Air Conditioner (AC) Market Share. Increasing government penetration towards energy consumption would further lead to the development of the inverter air conditioner market.

Government Initiatives introduced in the Thailand Air Conditioner (AC) Market

Thailand Air Conditioner (AC) industry has been growing due to the introduction of government favourable policies in the country. The government launched several initiatives under its energy-saving policy for air conditioners. These policies are designed to encourage the use of energy-efficient air conditioners and reduce energy consumption. The government has introduced a rating system for air conditioners called the Thailand Energy Label, which measures the energy efficiency of air conditioners on a scale from 1 to 5 stars. The system mandates that all air conditioners sold in Thailand must carry an energy efficiency rating, making it easier for consumers to choose energy-efficient models.

Key Players in the Thailand Air Conditioner (AC) Market

Several players exist in the sector and it is with their constant efforts and strategies that the sector is boosting more and more with each passing day. Some crucial market players include LG Electronics Inc., Carrier Corporation, Midea Group Co. Ltd., Daikin Industries Ltd., Samsung Electronics Co. Ltd., Gree Electric Appliances Inc., Fujitsu General Limited, Haier Group Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation.

Market Analysis by Application

According to Dhaval, Research Manager, 6Wresearch, the Residential dominates the market and is expected to remain in a dominant position in the coming years. However, Commercial and retail are 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 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Air Conditioner Market Outlook
• Market Size of Thailand Air Conditioner Market, 2022
• Forecast of Thailand Air Conditioner Market, 2029
• Historical Data and Forecast of Thailand Air Conditioner Revenues & Volume for the Period 2019 - 2029
• Thailand Air Conditioner Market Trend Evolution
• Thailand Air Conditioner Market Drivers and Challenges
• Thailand Air Conditioner Price Trends
• Thailand Air Conditioner Porter's Five Forces
• Thailand Air Conditioner Industry Life Cycle
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Healthcare for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Hospitality for the Period 2019 - 2029
• Historical Data and Forecast of Thailand Air Conditioner Market Revenues & Volume By Others for the Period 2019 - 2029
• Thailand Air Conditioner Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Thailand Air Conditioner Top Companies Market Share
• Thailand Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
• Thailand Air Conditioner Company Profiles
• Thailand 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

Latest 2023 Developments of Thailand Air Conditioner (AC) Market

The Thailand Air Conditioner (AC) Market is attaining growth owing to the number of innovations and developments being introduced in the market in order to align with the demands of consumers. The rising popularity of air conditioners with inverter features is one of the major developments going on in the Thailand Air Conditioner (AC) Industry. These units are more energy-efficient as compared to traditional models as it helps in saving money on electricity bills while decreasing environmental impact. Smart home technology in AC systems is another development of the sector. A number of manufacturers released products which have the ability to be controlled via smartphones and voice assistants such as Google Home and Alexa. The adoption of advanced technologies also helps to fuel the Thailand Air Conditioner (AC) Market Share. 

Topics Covered in The Thailand Air Conditioner (AC) Market

Thailand 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.

Thailand's Air Conditioner (AC) Market is projected to grow over the coming years. Thailand 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 the report titled Global Air Conditioner (AC) Market outlook report annually.

Thailand Air Conditioner (AC) Market Synopsis

Thailand Air Conditioner (AC) Market is anticipated to register sound revenue during the upcoming period on account of an upsurge in the tourism sector. Growing industrialization and urbanization behold the increasing growth of the market. The rising population along with the building of houses and the development of the residential sector is driving the growth of the market. Moreover, hot weather and rising temperature are also adding to the potential development of the AC market in Thailand.

According to 6Wresearch, Thailand's Air Conditioner (AC) Market size is projected to grow at a CAGR of 9.6% during 2021-2027. Thailand occupies 3rd position in terms of the market size in the APAC Air Conditioner Market. The expansion of the healthcare sector due to the emergence of the global pandemic is driving the growth of the market. Increasing government penetration towards energy consumption would further lead to the development of the inverter air conditioner market. Also, the increasing preference of consumers regarding usage of the latest technology would lead to the growing demand for smart air conditioner further beholds the development of the market. However, the COVID-19 global pandemic hampered the growth of the market backed by the nationwide lockdown leading to the temporary shutting down of manufacturing units.

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. However, Centralized Air Conditioner is expected to have 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

COVID-19 Impact on Thailand Air Conditioner (AC) Industry 

Due to the slowdown in the economy of the country caused by the coronavirus pandemic, numerous consumers became more price-conscious as well as opted for cheaper AC models. Since factories shut down temporarily, the manufacturing sector had to face many challenges and as a result, there was a shortage of products which led to supply chain disruptions. Tourism in Thailand also decreased as there was a restriction on the tourism sector as well and the demand for air conditioners was reduced from large hotels, which affected the Thailand Air Conditioner (AC) Market Growth. People neglect spending on non-essential items when the pandemic hit, which, in turn, affected the market for air conditioners in Thailand.

Key Players Operating in Thailand Air Conditioner (AC) Market

A number of players exist in the sector and it is with their constant efforts and strategies that the sector is boosting more and more with each passing day. Some crucial market players include LG Electronics Inc., Carrier Corporation, Midea Group Co. Ltd., Daikin Industries Ltd., Samsung Electronics Co. Ltd., Gree Electric Appliances Inc., Fujitsu General Limited, Haier Group Corporation, Johnson Controls International PLC, Mitsubishi Electric Corporation.

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:

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

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Types:

• Room Air Conditioner
• Ducted Air Conditioner
• Ductless Air Conditioner
• Centralized Air Conditioner

By Application:

• Residential
• Commercial & Retail
• Healthcare
• Hospitality
• Transportation & Infrastructure
• Others