Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others), And Competitive Landscape
|Product Code: ETC090094||Publication Date: Aug 2021||Updated Date: May 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 30.46% over the previous year. While Thailand registered a decline of -49.52% over the previous year. While in 2017 Thailand was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 3801 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 4173 which signifies high concentration in the market.
Australia Air Conditioner (AC) Market is projected to grow over the coming years. Australia 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 the report titled Global Air Conditioner (AC) Market outlook report annually.
The Australia 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.
Australia Air Conditioner (AC) Market is one of the crucial markets in the country and the sector is projected to rise more in the near future. Many factors have been contributing to the growth of the market. There is a rise in demand for air conditioner systems that are energy-efficient, which is fueling the Australia Air Conditioner Industry growth. The climate of the nation is humid and hot, which leads to a rise in demand for air conditioners. Key players are using smart technologies in order to provide the best air conditioner to people, which also stimulates the Australia Air Conditioner (AC) Market Growth. There is a rising popularity for eco-friendly air conditioners since consumers in the sector are becoming more aware of the impact their purchases have on the environment, and it enables them to choose air conditioners that are eco-friendly. The rise in disposable incomes of people living in the country is supporting the sector.
Australia Air Conditioner Market is anticipated to register modest growth during the upcoming period on account of increasing advancement in technology. The rising income of the consumer backed by increasing penetration towards a comfortable lifestyle is driving the growth of the Air Conditioner Market in Japan. Major growth in various sectors such as industrial, healthcare, industrial, commercial, and residential sectors added to the growth of the market. Moreover, the adoption of Air conditioners as a necessity further beholds the development of the market.
According to 6Wresearch, Australia Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.1% during 2021-2027. Australia occupies the 4th position in terms of the market size in the APAC Air Conditioner Market. The rising population coupled with an increasing number of houses and buildings drives the increasing growth of the market. Additionally, soaring temperatures and unfavourable weather conditions behold the inclination of consumers towards Air conditioners further owing to the growth of the market.
The coronavirus pandemic outbreak led to great disruptions in a number of markets across the globe. The impact of the pandemic was severe on the Air Conditioner (AC) Market in Australia. The rapid spread of the virus caused huge disruptions in the supply chain and numerous manufacturers of AC in the country experienced delays in attaining raw materials as well as parts from overseas suppliers, which led to reduced inventory levels and delays in production. The country faced economic uncertainty during the pandemic which led several consumers to stop spending on luxury products, including home appliances like AC units. In addition, the adoption of remote work reduced the requirement for air conditioners in commercial areas, further affecting the Australia Air Conditioner (AC) Market Share negatively.
Some crucial players in the Australia Air Conditioner (AC) Market include:
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.
In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.
The report provides a detailed analysis of the following market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 Australia Air Conditioner Market Overview|
|3.1 Australia Air Conditioner Market Revenues & Volume, 2017 - 2027F|
|3.2 Australia Air Conditioner Market - Industry Life Cycle|
|3.3 Australia Air Conditioner Market - Porter's Five Forces|
|3.4 Australia Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F|
|3.5 Australia Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F|
|4 Australia Air Conditioner Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 Australia Air Conditioner Market Trends|
|6 Australia Air Conditioner Market Segmentation|
|6.1 Australia Air Conditioner Market, By Type|
|6.1.1 Overview and Analysis|
|6.1.2 Australia Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F|
|6.1.3 Australia Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F|
|6.1.4 Australia Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F|
|6.1.5 Australia Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F|
|6.1.6 Australia Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F|
|6.2 Australia Air Conditioner Market, By Application|
|6.2.1 Overview and Analysis|
|6.2.2 Australia Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F|
|6.2.3 Australia Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F|
|6.2.4 Australia Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F|
|6.2.5 Australia Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F|
|6.2.6 Australia Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F|
|6.2.7 Australia Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F|
|7 Australia Air Conditioner Market Import-Export Trade Statistics|
|7.1 Australia Air Conditioner Market Export to Major Countries|
|7.2 Australia Air Conditioner Market Imports from Major Countries|
|8 Australia Air Conditioner Market Key Performance Indicators|
|9 Australia Air Conditioner Market - Opportunity Assessment|
|9.1 Australia Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F|
|9.2 Australia Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F|
|10 Australia Air Conditioner Market - Competitive Landscape|
|10.1 Australia Air Conditioner Market Revenue Share, By Companies, 2020|
|10.2 Australia Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|