Italy Air Conditioner (AC) Market (2021-2027) | Industry, Trends, Share, Analysis, Growth, Size, Segmentation, Value, Revenue, Outlook & COVID-19 IMPACT

Italy 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 Thailand. It has registered a growth of 17.87% over previous year. While Thailand registered a growth of 48.24% over previous year. While in 2017 China was the largest exporter followed by Thailand. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Italy has Herfindahl index of 2683 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of  3229 which signifies high concentration in the market

Italy Air Conditioner (AC) Market - Export Market Opportunities

Latest (2023) Development of the Italy Air Conditioner (AC) Market

Italy Air Conditioner (AC) Market is forecast to grow tremendously over the years coupled with various latest developments in the industry. For instance, the increasing adoption of energy-efficient ACs due to the rising energy costs and concerns over the environmental impact of ACs. Moreover, the growth of smart ACs has been increasing in Italy. These types of air conditioner can be controlled remotely using a smartphone or other device and provides users with greater convenience. Also, the construction industry in Italy is growing at a rapid pace, which is expected to drive the demand for ACs in the country. The COVID-19 pandemic has resulted in an increased awareness of the importance of indoor air quality, and this trend has affected the air conditioner market in Italy. The manufacturers are now focusing on providing good air quality. Furthermore, the integration with renewable energy sources such as solar panels allow ACs to operate more sustainably and reduces carbon footprint. The Italy air conditioner industry is highly competitive, with many international and local players maintaining their market share.

Topics Covered in the Italy Air Conditioner (AC) Market

Italy Air Conditioner (AC) Market is projected to grow over the coming years. Italy 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 the report titled Global Air Conditioner (AC) Market outlook report annually.

Italy 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.

Italy Air Conditioner (AC) Market Synopsis

Italy's Air Conditioner (AC) Market is anticipated to gain momentum during the upcoming period owing to the continuous development in construction sector. Increasing growth in infrastructure sector beholds the development of the market. Moreover, the burden on the healthcare industry due to the outbreak of the pandemic further led to the growth of the Air conditioner market in Italy. The changing preference of consumers regarding energy-efficient resources beholds the growth of the market. 

According to 6Wresearch, Italy Air Conditioner (AC) Market size is projected to grow at a CAGR of 5.1% during 2021-2027. Italy occupies 1st position in terms of the market size in the Europe Air Conditioner Market. Rising disposable income backed by an improved standard of living is driving the development of the market. Also, the increasing number of vehicles on the road coupled with rising levels of humidity is contributing to the growth of the Air Conditioner Market in Italy. However, lack of funds is still a restraining factor in the market growth.

Impact of COVID-19 on the Italy Air Conditioner (AC) Market

The COVID-19 pandemic has had a significant impact on the Italy Air Conditioner (AC) Industry due to the countrywide lockdowns and restrictions imposed by the government. Many air conditioning companies have their operations drastically reduced. Additionally, rising costs of production and supplies have further increased pressure on companies operating in this market segment.

Key Players in the Italy Air Conditioner (AC) Market

The Italy Air Conditioner (AC) Market is highly competitive and there are several players operating in this space. For instance,

• Daikin Industries Ltd.
• Mitsubishi Electric Corporation
• LG Electronics Inc.
• Johnson Controls International plc
• Panasonic Corporation
• Midea Group Co. Ltd.
• Hitachi Ltd. 

Market Analysis 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. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types

Market Analysis by Application

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.

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:

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

Market Segmentation

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

By Types

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

By Application

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

Italy Air Conditioner (AC) Market: FAQs