South East Asia Air Conditioners Market by Size, Share, Forecast, & Trends Analysis
Meticulous
Research®—a
leading global market research company, published a research report titled, ‘South East Asia Air
Conditioners Market by Type
(Split, Window, Centralized/Ducted, Others), Tonnage (Up to 2 Tons, 2 Tons to 5
Tons, Others), Technology (Inverter, Non-inverter), End User (Residential,
Commercial, Industrial), and Geography - Forecast to 2030.’
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Free sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5611?utm_source=blog&utm_medium=social+&utm_campaign=product&utm_content=15-04-2024
According
to this latest publication from Meticulous Research®,
the South East Asia air conditioners market is projected to reach $8.66 billion
by 2030, at a CAGR of 7.2% during the forecast period 2023–2030. The growth of
the South East Asia air conditioners market is driven by soaring temperatures
& humidity levels, consumers’ growing inclination toward convenience &
comfort, and the rising demand for energy-efficient air conditioners. However,
the high costs of air conditioners restrain the growth of the South East Asia
air conditioners market.
Based
on type, the South East Asia air conditioners market is
segmented into window ACs, split ACs, VRF (Variable Refrigerant Flow) systems,
centralized/ducted ACs, and other air conditioner types. In 2023, the split ACs
segment is expected to account for the largest share of the South East Asia air
conditioners market. A split system is more energy efficient, uses less energy,
and helps keep indoor environments clean. The large market share of this
segment is attributed to the increasing demand for energy-saving and low-noise
air conditioners.
Several
companies are focused on providing quality products and launching a wide range
of ACs in the market. For instance, in March 2022, Blue Star Ltd (India)
launched its range of affordable split ACs with high quality, reliability, and
durability. Such developments drive the sales of split air conditioners,
supporting market growth. However, the centralized/ducted ACs segment is
projected to record the highest CAGR during the forecast period.
Based
on technology, the South East Asia air
conditioners market is segmented into inverter ACs and non-inverter ACs. In
2023, the inverter ACs segment is expected to account for the larger share of
the South East Asia air conditioners market. The large market share of this
segment is attributed to advancements in inverter technology and AC
manufacturers’ strong focus on product development and enhancement of
inverter-powered ACs. For instance, in March 2022, Voltas Limited. (India)
launched its PureAir Inverter ACs powered with HEPA filters and PM1.0 sensors
to strengthen its portfolio of cooling products and home appliances. Similarly,
in February 2022, LG Electronics India Pvt. Ltd. (India) launched its AI dual
inverter air conditioners to offer customers superior cooling, maximum energy
efficiency, and convenience. Moreover, the inverter ACs segment is also
projected to register the higher CAGR during the forecast period.
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Key
Players:
Some
of the key players operating in the South East Asia air conditioners market are
Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan),
Hitachi-Johnson Controls Air Conditioning (Japan), Carrier Global Corporation
(U.S.), Whirlpool Corporation (U.S.), Haier Smart Home Co. Ltd. (China), LG
Electronics (South Korea), Voltas Limited (India), Panasonic Corporation
(Japan), Robert Bosch GmbH (Germany), Samsung Electronics Co., Ltd. (South
Korea), Fujitsu Limited (Japan), Blue Star Ltd (India), Toshiba Corporation
(Japan), Gree Electric Appliances Inc. (China), and Midea Group Co. Ltd
(China).
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