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: ETC090080
|Publication Date: Aug 2021
|Updated Date: May 2023
|Product Type: Market Research Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
In the year 2021, Germany was the largest exporter in terms of value, followed by the United Kingdom. It has registered a growth of 38.08% over the previous year. While the United Kingdom registered a growth of 16.37% over the previous year. While in 2017 Germany was the largest exporter followed by the United Kingdom. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has a Herfindahl index of 4362 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 4506 which signifies high concentration in the market
China Air Conditioner (AC) Market is projected to grow over the coming years. China 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 with the report titled Global Air Conditioner (AC) Market outlook report annually.
China 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.
China Air Conditioner (AC) Market is driven by several ongoing latest developments in the country are the rising adoption of sustainable refrigerators and the rising use of smart air conditioners. Furthermore, the rising government initiative to promote energy-efficient appliances, including air conditioners improves the environmental impact and is also beneficial for customers with low financial pressure on energy costs. This factor is accelerating the technology inverter adoption is a trend driving the market growth in the recent and during the forecast period as well. Moreover, the rising demand for smart technology enabled air conditioners that can be controlled remotely and facilitates more convenience. These ongoing trends are leading to a surge in the China Air Conditioner (AC) Market revenue in the country.
China Air Conditioner (AC) Market is anticipated to project substantial growth during the forecast period owing to the rising disposable income. The rise in per capita income has led to an increase in the standard of living, further beholds the growth of the market. Additionally, the expansion of the residential, commercial, and industrial sectors backed by rising migration is driving the need for temperature regulation further driving the growth of the market.
According to 6Wresearch, China Air Conditioner (AC) Market size is projected to grow at a CAGR of 7.6% during 2021-2027. China occupies the 20th position in terms of the market size in the APAC Air Conditioner Market. Increasing adoption of air conditioners as a necessity instead of a luxury is propelling the growth of the market. Additionally, the market is also driven by the factors such as the strengthening of the hospitality and tourism sectors. The establishment of hotels, restaurants, and malls drives the increasing growth of the Air Conditioner market in China. The outbreak of COVID-19 has hampered the growth of the market on account of the temporary shutting down of manufacturing units and retail stores. The nationwide lockdown led to a pause in regular operations further led to the disruption in the growth of the market.
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, Residential dominates the market and is expected to remain in a dominant position in the coming years. However, Transportation and Infrastructure are expected to have the fastest growth rate among all applications.
The COVID-19 pandemic had affected the China Air Conditioner (AC) industry. They closed all offline stores and ceased construction activities in the country to avoid the spread of the COVID-19 virus resulting in social distancing and restrictions on trade. This declined the ACs installations in the country, which further decreased the China Air Conditioner (AC) market share during the COVID-19 phase. Although, post-COVID-19 ACs demand increased for advanced air filtration systems in the country to ensure filtered & quality indoor air.
Several Leading players in the market who have gained popularity with their strong market presence deal with and supply a comprehensive range of premium quality air conditioners, including, room air conditioners, ducted air conditioners, ductless air conditioners, and centralized air conditioners.
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 China Air Conditioner Market Overview
|3.1 China Air Conditioner Market Revenues & Volume, 2017 - 2027F
|3.2 China Air Conditioner Market - Industry Life Cycle
|3.3 China Air Conditioner Market - Porter's Five Forces
|3.4 China Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F
|3.5 China Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F
|4 China Air Conditioner Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 China Air Conditioner Market Trends
|6 China Air Conditioner Market, By Type
|6.1 Overview and Analysis
|6.2 China Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F
|6.3 China Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F
|6.4 China Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F
|6.5 China Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F
|6.6 China Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F
|7 China Air Conditioner Market, By Application
|7.1 Overview and Analysis
|7.2 China Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F
|7.3 China Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F
|7.4 China Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F
|7.5 China Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F
|7.6 China Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F
|7.7 China Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F
|8 China Air Conditioner Market Import-Export Trade Statistics
|8.1 China Air Conditioner Market Export to Major Countries
|8.2 China Air Conditioner Market Imports from Major Countries
|9 China Air Conditioner Market Key Performance Indicators
|10 China Air Conditioner Market - Opportunity Assessment
|10.1 China Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F
|10.2 China Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F
|11 China Air Conditioner Market - Competitive Landscape
|11.1 China Air Conditioner Market Revenue Share, By Companies, 2020
|11.2 China Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters
|12 Company Profiles