Australia Heating and Cooling Appliances Market revenue size is projected to grow at a CAGR of 9.7% during 2022-2028

Residential fans acquired the largest market revenue share in the Australia heating & cooling appliances market in year 2021 – 6Wresearch

Residential fans acquired the largest revenue share in 2021 in Australia heating & cooling appliances market owing to the fact that most parts of Australia experience warm weather conditions along with increasing residential sector in the country due to low interest rates, fiscal incentives such as HomeBuilder, and first homebuyer incentives and stimulus provided by Australian government.

In year 2020, due to COVID-19 pandemic led measures, lockdowns and restriction on international trade resulted in a slight slowdown in the heating & cooling appliances market due to supply chain disruptions and subsequent unavailability of stocks. However, in H2 2020, increasing demand for household appliances, combined with stock shortages due to supply chain challenges, drove up the price of various household appliances which increased the demand for heating & cooling appliances in Australia.

According to 6Wresearch, Australia Heating and Cooling Appliances Market revenue size is projected to grow at a CAGR of 9.7% during 2022-2028. Australia heating & cooling appliances market grew in the period of 2018-2019 on account of rise in bushfire cases, disruptions in temperature mostly associated with natural climate variability such as El Niño and La Niña. The market is expected to register robust growth in the coming years owing to expected rise in housing need in Australia to reach 1.7 million households by 2025 from 1.3 million households in 2017.

According to Bhawna Singh, Research Analyst, 6Wresearch, “By portable humidifiers’ types, ultrasonic segment acquired the largest volume share in the market as Australians prefer quieter and cost-effective humidifiers. Further, unlike portable evaporative humidifier, portable ultrasonic humidifiers do not require change of a filter, thus consumers are saved from additional cost of filter replacements every 1-3 months.”

“By sales channels, offline sales channels generated maximum revenue size of Australia heating & cooling appliances market in 2021 as Australians prefer tangible shopping experience. According to a media report released in Jan 2022, 69% of Australians prefer to shop in-store. Further, there are a large number of offline electrical appliances store in each locality in the country which is propelling the demand for heating & cooling appliances through offline channels”, Bhawna further added.

Some of the major companies in Australia heating & cooling appliances market include Glen Dimplex Australia Pty Ltd,  De’ Longhi Australia Pty Ltd, TECO Australia Pty Ltd. , Breville Pty Ltd., Rinnai Australia Pty Ltd., Koninklijke Philips N.V., Beurer GmbH, etc.

“Australia heating & cooling appliances market report (2022-2028)” report provides an in-depth analysis with 73 figures and 22 tables, covered in 173 pages. The report estimates and forecast the overall Australia heating & cooling appliances market by portable heaters, portable air conditioners, residential fans, portable humidifiers, and portable air purifiers. The report provides an unbiased and detailed analysis of the on-going 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.

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