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: ETC090088 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Philippines Air Conditioner (AC) Market is projected to grow over the coming years. Philippines Air Conditioner (AC) Market report is a part of our periodical regional publication Asia Pacific Air Conditioner (AC) Market outlook report. 6W tracks 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.
Philippines 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.
Philippines Air Conditioner (AC) Market Synopsis
Philippines Air Conditioner (AC) Market is likely to witness moderate growth on account of increasing technological advancement in air conditioners. The growth of the market is driven by the increasing need for Air conditioner in household, commercial and industrial sector. Additionally, growing construction sector backed by continuous infrastructure development is contributing to the development of the market. The increasing penetration of the consumer towards energy conservation beholds the increasing demand for inverter AC further booming the growth of the market.
According to 6Wresearch, Philippines Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.7% during 2021-2027. Philippines occupies 11th position in terms of the market size in the APAC Air Conditioner Market. Increasing establishment of hotels, restaurants and shopping malls with the advent of rising urbanization drives the growth of the market. The growth of the market is also driven by the rising development in healthcare sector backed by unfavorable weather conditions. Also, increasing income of middle class is expected to trigger the potential growth of the AC market. However, the COVID-19 had a major impact on the growth of the market leading to the hindrance in the supply chain of air conditioner.
Market Analysis by Type
In terms of market by types, 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, Residential dominates the market and is expected to remain in a dominant position in the coming years. However, Commercial & Retail is expected to have the fastest growth rate among all applications.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Segmentation:
The report provides a detailed analysis of the following market segments:
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 Philippines Air Conditioner Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Air Conditioner Market Revenues & Volume, 2020 & 2027F |
3.3 Philippines Air Conditioner Market - Industry Life Cycle |
3.4 Philippines Air Conditioner Market - Porter's Five Forces |
3.5 Philippines Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 Philippines Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Philippines Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Air Conditioner Market Trends |
6 Philippines Air Conditioner Market, By Types |
6.1 Philippines Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F |
6.1.3 Philippines Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F |
6.1.4 Philippines Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F |
6.1.5 Philippines Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F |
6.1.6 Philippines Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F |
6.2 Philippines Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F |
6.2.3 Philippines Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F |
6.2.4 Philippines Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F |
6.2.5 Philippines Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F |
6.2.6 Philippines Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F |
6.2.7 Philippines Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F |
7 Philippines Air Conditioner Market Import-Export Trade Statistics |
7.1 Philippines Air Conditioner Market Export to Major Countries |
7.2 Philippines Air Conditioner Market Imports from Major Countries |
8 Philippines Air Conditioner Market Key Performance Indicators |
9 Philippines Air Conditioner Market - Opportunity Assessment |
9.1 Philippines Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F |
9.2 Philippines Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F |
10 Philippines Air Conditioner Market - Competitive Landscape |
10.1 Philippines Air Conditioner Market Revenue Share, By Companies, 2020 |
10.2 Philippines Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |