Georgia Air Conditioner Market (2024-2030) | Growth, Revenue, Trends, Analysis, Industry, Outlook, Size, Value, Share, Segmentation & COVID-19 IMPACT

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: ETC090119 Publication Date: Dec 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 4

Topics Covered in the Georgia Air Conditioner (AC) Market

Georgia Air Conditioner (AC) Market report thoroughly covers the market by type and by application. The market outlook 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.

Georgia Air Conditioner (AC) Market Synopsis

Air conditioning has become a necessity for many Georgians, especially during the hot summer months. The Georgia air conditioner market has experienced a massive growth, followed by the increasing demand for energy-efficient and high-quality air conditioning systems.The demand for air conditioning systems has been increasing due to the hot and humid summer months in Georgia. New residential and commercial construction, and a growing population, are also contributing to the increasing demand

According to 6Wresearch, the Georgia Air Conditioner (AC) Market size is projected to grow at a CAGR of 7.1% during the forecast period 2024-2030. The increasing demand for energy-efficient air conditioning systems in Georgia. The rising demand for energy-efficient systems help reduce energy consumption and electricity bills for households and businesses, and help limit carbon emissions, which is crucial to Georgia's sustainability goals. Another driver is the growing awareness among consumers about the importance of indoor air quality and the need for efficient air conditioning systems to improve it. Despite the massive growth of the Georgia Air Conditioner (AC) industry, market has several challenges. The high cost of energy-efficient air conditioning systems, for example, may limit their adoption by low-income households and businesses. The lack of skilled labor and technical expertise required to install and maintain these systems is also a challenge. However, the growing adoption of smart air conditioning systems. These systems leverage Artificial Intelligence (AI) and the Internet of Things (IoT) to optimize energy consumption and provide real-time remote monitoring, which can help identify maintenance issues before they escalate. Other trends include the adoption of zero-emission air conditioning systems, demand for eco-friendly refrigerants, and the introduction of energy-efficient regulations by the government.

Government Initiatives introduced in the Georgia Air Conditioner (AC) Market

Georgia has implemented several initiatives aimed at promoting energy efficiency and sustainability in the air conditioner market. These include tax incentives for homes and businesses that adopt energy-efficient air conditioning systems, funding for research and development of sustainable air conditioning solutions, and the introduction of energy codes for new buildings that promote the use of energy-efficient HVAC systems. These are some favourable initiatives supporting the Georgia Air Conditioner (AC) Market growth.

Key Players in the Georgia Air Conditioner (AC) Market

The Georgia air conditioner market has several leading companies operating smoothly, including Rheem Manufacturing, Goodman Manufacturing, Carrier Enterprise, Mitsubishi Electric US, and Daikin. These players offer a wide range of air conditioning systems, including energy-efficient, sustainable, and smart systems, and employ skilled labour and technical expertise to install and maintain them.

Market Analysis by Type

According to Dhaval, Research Manager, 6Wresearch, the ductless air conditioner is leading the market. It is affordable, energy-efficient, and suitable for small and large homes. They are easy to install and ensure a controlled temperature in all rooms. ductless air conditioners are also dominating the Georgia Air Conditioner (AC) Market share with its their high adoption.

Key attractiveness of the report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023.
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Georgia Air Conditioner Market Outlook
  • Market Size of Georgia Air Conditioner Market, 2023
  • Forecast of Georgia Air Conditioner Market, 2030
  • Historical Data and Forecast of Georgia Air Conditioner Revenues & Volume for the Period 2020 - 2030
  • Georgia Air Conditioner Market Trend Evolution
  • Georgia Air Conditioner Market Drivers and Challenges
  • Georgia Air Conditioner Price Trends
  • Georgia Air Conditioner Porter's Five Forces
  • Georgia Air Conditioner Industry Life Cycle
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Type for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Application for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Residential for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2020 - 2030
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Others for the Period 2020 - 2030
  • Georgia Air Conditioner Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Georgia Air Conditioner Top Companies Market Share
  • Georgia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
  • Georgia Air Conditioner Company Profiles
  • Georgia Air Conditioner Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Room Air Conditioner
  • Ducted Air Conditioner
  • Ductless Air Conditioner
  • Centralized Air Conditioner

By Application

  • Residential
  • Healthcare
  • Commercial & Retail
  • Transportation & Infrastructure
  • Hospitality
  • Others
Georgia Air Conditioner Market (2024-2030) : FAQs
The growing adoption of smart air conditioning systems and the introduction of energy-efficient regulations by the government
The ductless air conditioner is leading the market due to its affordable, energy-efficient, and suitable for small and large homes. They are easy to install and ensure a controlled temperature in all rooms.
High costs, lack of skilled labour, and technical expertise are challenges are affecting the market growth in the air conditioner market.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Georgia Air Conditioner Market Overview
3.1 Georgia Air Conditioner Market Revenues & Volume, 2020 - 2030F
3.2 Georgia Air Conditioner Market - Industry Life Cycle
3.3 Georgia Air Conditioner Market - Porter's Five Forces
3.4 Georgia Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F
3.5 Georgia Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F
4 Georgia Air Conditioner Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Georgia Air Conditioner Market Trends
6 Georgia Air Conditioner Market Segmentation 
6.1 Georgia Air Conditioner Market, By Type
6.1.1 Overview and Analysis
6.1.2 Georgia Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F
6.1.3 Georgia Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F
6.1.4 Georgia Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F
6.1.5 Georgia Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F
6.1.6 Georgia Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F
6.2 Georgia Air Conditioner Market, By Application
6.2.1 Overview and Analysis
6.2.2 Georgia Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F
6.2.3 Georgia Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F
6.2.4 Georgia Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F
6.2.5 Georgia Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F
6.2.6 Georgia Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F
6.2.7 Georgia Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F
7 Georgia Air Conditioner Market Import-Export Trade Statistics
7.1 Georgia Air Conditioner Market Export to Major Countries
7.2 Georgia Air Conditioner Market Imports from Major Countries
8 Georgia Air Conditioner Market Key Performance Indicators
9 Georgia Air Conditioner Market - Opportunity Assessment
9.1 Georgia Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F
9.2 Georgia Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F
10 Georgia Air Conditioner Market - Competitive Landscape
10.1 Georgia Air Conditioner Market Revenue Share, By Companies, 2023
10.2 Georgia Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer

 

 

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: ETC090119 Publication Date: Aug 2021 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Georgia Air Conditioner (AC) Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Turkey. It has registered a growth of 16.16% over previous year. While Turkey registered a growth of 641.74% over previous year. While in 2017 China was the largest exporter followed by Singapore. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Georgia has Herfindahl index of 4985 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  5407 which signifies high concentration in the market

Georgia Air Conditioner (AC) Market | Country-Wise Share and Competition AnalysisLatest 2023 Developments of the Georgia Air Conditioner (AC) Market

The Georgia Air Conditioner (AC) Market is rising significantly and there are many developments that are happening in the market. Shift towards the energy-efficient models is one of the key developments of the market. Consumers opt for air conditioners which consume less energy as they are becoming more aware of their carbon footprint. Rise of advanced air conditioners is another key trend in the sector. These ACs are equipped with features like remote access and voice control through mobile applications, which make them convenient. There is also a rising demand for portable air conditioner units which can be moved easily, which is fueling the Georgia Air Conditioner (AC) Market Growth.

Topics Covered in the Georgia Air Conditioner (AC) Market Report

The Georgia Air Conditioner (AC) Market report thoroughly covers the market by type and application. The 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.

Georgia Air Conditioner (AC) Market is projected to grow over the coming years. Georgia Air Conditioner (AC) Market report is a part of our periodical regional publication Europe 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.

Georgia Air Conditioner (AC) Market Synopsis

The Georgia Air Conditioner (AC) Market is expected to grow enormously during the forecast period on the back of the humid and hot climate of the state since it makes air conditioners necessary for a number of homeowners.

According to 6Wresearch, Georgia Air Conditioner Market grew by 1.4% in 2017- 2020 and is expected to grow at a CAGR of 3.8% during 2021- 2027. Georgia occupies the 12th position in terms of the market size in the Europe Air Conditioner Market. The market is rising effectively and more growth is estimated in the market owing to the hot as well as humid climate of the state. There are many kinds and styles of air conditioners available in the sector, which gives consumers choice. Central air conditioners are the most popular in the sector and these air conditioners are more expensive as compared to other kinds of air conditioners, but they are also very energy-efficient and have the ability to cool home more evenly. Rising demand for air conditioners from both commercial and residential sectors is driving the Georgia Air Conditioner Market Share. The sector is one of the highly competitive sectors and the competition will rise more in the future owing to the rising growth opportunities. Many players have been operating in the sector but a few players are well-established in the sector and these players are Daikin Industries, Carrier Corporation, Panasonic Corporation, LG Electronics, and Samsung Electronics. These players have significance in the market as they hold a significant share of the sector and are projected to continue to dominate it in the future.

COVID-19 Impact on Georgia Air Conditioner (AC) Market

The imposition of lockdown during the coronavirus pandemic affected the Georgia Air Conditioner Industry in many ways. The government of Georgia imposed strict lockdown and businesses were not allowed to operate owing to the rapid spread of the virus. The government enabled people to stay in their homes, due to which, businesses had to run their businesses remotely and employees were supposed to work from home only. The closure of a number of commercial buildings reduced the demand for air conditioners in Georgia. The market is now projected to grow more in the future since there is a rapid increase in demand for air conditioners.

Key Players Operating in the Georgia Air Conditioner (AC) Market

Many players have been operating in the sector but a few players are well-established in the sector and these players are Daikin Industries, Carrier Corporation, Panasonic Corporation, LG Electronics, and Samsung Electronics. These players have significance in the market as they hold a significant share in the sector and are projected to continue to dominate it in the future. The sector will become more efficient and it is with the efforts of these players. The sector is one of the highly competitive sectors and the competition will rise more in the future owing to the rising growth opportunities.

Market by Type

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 with the fastest growth rate among all types.

Georgia Air Conditioner Market

Market by Application

In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years. However, Hospitality is expected to have the fastest growth rate among all applications in the Air Conditioner Market in Georgia.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020.
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Georgia Air Conditioner Market Outlook
  • Market Size of Georgia Air Conditioner Market, 2020
  • Forecast of Georgia Air Conditioner Market, 2027
  • Historical Data and Forecast of Georgia Air Conditioner Revenues & Volume for the Period 2017 - 2027
  • Georgia Air Conditioner Market Trend Evolution
  • Georgia Air Conditioner Market Drivers and Challenges
  • Georgia Air Conditioner Price Trends
  • Georgia Air Conditioner Porter's Five Forces
  • Georgia Air Conditioner Industry Life Cycle
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Type for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Application for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Residential for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2017 - 2027
  • Historical Data and Forecast of Georgia Air Conditioner Market Revenues & Volume By Others for the Period 2017 - 2027
  • Georgia Air Conditioner Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Georgia Air Conditioner Top Companies Market Share
  • Georgia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
  • Georgia Air Conditioner Company Profiles
  • Georgia Air Conditioner Key Strategic Recommendations

Market Scope and Segmentation

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

By Type

  • Room Air Conditioner
  • Ducted Air Conditioner
  • Ductless Air Conditioner
  • Centralized Air Conditioner

By Application

  • Residential
  • Healthcare
  • Commercial & Retail
  • Transportation & Infrastructure
  • Hospitality
  • Others

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