Latest 2023 Development of the Australia Air Conditioner Market

Australia Air Conditioner Market is forecast to grow steadily in the upcoming years. The major factors driving the growth of this market are increasing demand for energy-efficient air conditioning systems and a growing population. Typically, Australia has a warm climate due to which the demand for air conditioning is increasing. With the increasing urbanization in Australia, there is a higher demand for air conditioning in corporate offices, homes, and public spaces. There is a growing demand for air conditioners that are energy-efficient and eco-friendly as consumers are becoming environment-conscious and are looking for sustainable and more energy-efficient options for air conditioning.

Moreover, the government of Australia has introduced regulations to reduce energy consumption and support energy-efficient appliances. The increase in disposable income in Australia has led to more consumers being able to afford air conditioning systems, resulting in a higher demand for these products. Overall, the Australia Air Conditioner Industry is anticipated to grow in the upcoming years at the highest compound annual growth rate.

Australia Air Conditioner Market Synopsis

Projected growth in upcoming new hotels & shopping malls coupled with growing government spending on infrastructural development projects and increasing inflow of FDI in the construction & retail sectors are some of the key factors that have resulted in the overall growth of the air conditioner market in Australia. A slowdown in the construction projects in the residential sector has resulted in a decline in demand in 2018-2019, however, government initiatives to revive the housing sector and to invest in numerous construction projects in the country would result in surge in demand over the next five years.

According to 6Wresearch, the Australia Air Conditioner (AC) Market size is anticipated to witness strong growth during 2019-25. on the back of reviving the housing sector in the country. The government’s efforts to initiate the use of energy-efficient air conditioning systems would further drive the market. Furthermore, underpriced electricity along with the easy availability of air conditioners for residential verticals would further drive the demand for the product in the country.

Some of the upcoming construction projects to be counted upon have been observed as Australia 108 residential buildings in Melbourne, One residential building in Brisbane, one Sydney Harbor tower, and Sydney Greenland centre in Sydney. 

The Australia air conditioner Market report thoroughly covers the market by types, verticals, and regions. The Australia air conditioner Market outlook report provides an unbiased and detailed analysis of the ongoing Australian air conditioner 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.

Key Highlights of the Report

• Australia Air Conditioner Market Overview
• Australia Air Conditioner Market Outlook
• Australia Air Conditioner Market Trends
• Australia Air Conditioner Market Forecast
• Historical Data of Australia Air Conditioner Market Revenues and Volume for the Period 2015-2018
• Australia Air Conditioner Market Size and Australia Air Conditioner Market Forecast Revenues until 2025
• Historical Data of Australia Air Conditioner Market Revenues and Volume, by Types, for the Period 2015-2018
• Market Size & Forecast of Australia Air Conditioner Market Revenues and Volume, by Types, until 2025
• Historical Data of Australia Air Conditioner Market Revenues, by Verticals, for the Period 2015-2018
• Market Size & Forecast of Australia Air Conditioner Market Revenues, by Verticals, until 2025
• Historical Data of Australia Air Conditioner Air Conditioner Market Revenues and Volume, by Regions, for the Period 2015-2018
• Market Size & Forecast of Australia Air Conditioner Air Conditioner Market Revenues and Volume, by Regions, until 2025
• Market Drivers and Restraints
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Australia Air Conditioner Market Share, by Companies
• Australia Air Conditioner Market Share, by Regions
• Australia Air Conditioner Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

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

• By AC Types:

  • Room AC
    • Window AC
    • Split AC
  • Ducted AC
    • Packaged AC
    • Ceiling Concealed AC
  • Ductless AC
    • Suspended Type AC
    • Cassette AC
    • Floor Standing AC
  • Centralized AC
    • AHU/ FCU
    • Chiller/ VRF
    • Others

By Verticals:

• Residential
• Commercial & Retail
• Hospitality
• Industrial
• Government & Transportation
• Others

By Regions:

• Australian Capital Territory
• New South Wales
• Northern Territory
• Queensland
• South Australia
• Tasmania
• Victoria
• Western Australia

Frequently Asked Questions About the Market Study: FAQs

1. Are there any incentives provided by the government for purchasing energy-efficient air conditioners in Australia?

Yes, the government provides incentives for purchasing energy-efficient air conditioners in Australia which includes the Small-Scale Technology Certificate program that offers a rebate for the installation of eligible air conditioners.

2. What are the major factors propelling the growth of this market?

Increasing demand for energy-efficient air conditioning systems, rising disposable incomes, and technological advancements are the major factors propelling the market expansion.

3. What are the major factors impeding the market expansion?

High installation and maintenance costs, fluctuating electricity prices, and competition from imported products are the major factors impeding market expansion.

4. What are the key opportunities for the Australia Air Conditioner Industry?

The growing demand for ducted air conditioning systems, increasing focus on eco-friendly air conditioning systems, and expansion into regional markets are some of the key opportunities for the Australia Air Conditioner Industry.