Russia Air Conditioner Market (2024-2030) | Share, Size, Forecast, Growth, Trends, Analysis, Industry, Outlook, Segmentation
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: ETC090071 | 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 Russia Air Conditioner (AC) Market
Russia 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.
Russia Air Conditioner (AC) Market Synopsis
Russia has always been known for its extreme weather conditions, particularly in the summer when temperatures is high. Hence, the air conditioners (ACs) always remain in high demand in the country. Furthermore, the government's initiatives and the increasing demand for energy-efficient and eco-friendly ACs are the major drivers of the market. Some other factors are also contributing to the market growth such as rapid urbanization and increasing population growth rate.
According to 6Wresearch, the Russia Air Conditioner (AC) Market size is estimated to grow at a CAGR of 5.9%. during the forecast period 2024-2030. Various factors are driving the increasing ACs’s demand such as extreme weather conditions, the growing expansion of commercial and residential buildings, the rising income levels, and the increasing awareness about energy-efficient and eco-friendly products. Despite the Russia Air Conditioner (AC) Market growth, the AC industry consists of several challenges that can impede its growth. One of the challenges is the high import duties imposed by the government, making it difficult for foreign companies to compete with domestic players. Additionally, lack of awareness among the public about energy-efficient and eco-friendly ACs. However, the increasing demand for smart and connected ACs as they can be controlled through smartphones or other smart devices. Additionally, the invertor ACs are increasingly becoming popular, which are more energy efficient and can be used to cool larger spaces more quickly. Also, the growing trend towards the use of eco-friendly refrigerants, which have lower global warming potential (GWP) than traditional refrigerants like R22 and R410.
Government Initiatives introduced in the Russia Air Conditioner (AC) Market
The government has taken various efforts by introducing initiatives to promote energy-efficient and eco-friendly ACs. These include some measures such as the extension of subsidies for energy-efficient heating systems and the introduction of labelling requirements for energy efficiency. Additionally, the Russian government has signed agreements with international players include Daikin and Mitsubishi Electric to promote the production of eco-friendly and energy-efficient ACs in Russia. All these agreements and initiatives are supporting the growth of the Russia Air Conditioner (AC) industry.
Key Players in the Russia Air Conditioner (AC) Market
The market is operated by several domestic players such as Gree, Midea, and Haier. However, international players such as Daikin, Mitsubishi Electric, and LG Electronics also have a significant presence in Russia. These companies are now offering energy-efficient and eco-friendly ACs to meet the growing demand in the country and to reduce GHG levels. Additionally, they have also invested in setting up new plants and factories throughout the country to meet the growing demand.
Market Analysis by Type
According to Dhaval, Research Manager, 6Wresearch, the room air conditioner undoubtedly has become the most popular. However, other air conditioners including ducted, ductless, and centralized air conditioners have also a high demand, especially in large commercial and public buildings.
Market Analysis by Application
Based on the application, the residential sector leads in this market underpinned by the rising population growth, urbanization, and increasing disposable income of the population.
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:
- Russia Air Conditioner Market Outlook
- Market Size of Russia Air Conditioner Market, 2023
- Forecast of Russia Air Conditioner Market, 2030
- Historical Data and Forecast of Russia Air Conditioner Revenues & Volume for the Period 2020 - 2030
- Russia Air Conditioner Market Trend Evolution
- Russia Air Conditioner Market Drivers and Challenges
- Russia Air Conditioner Price Trends
- Russia Air Conditioner Porter's Five Forces
- Russia Air Conditioner Industry Life Cycle
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Type for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Application for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Residential for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2020 - 2030
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Others for the Period 2020 - 2030
- Russia Air Conditioner Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Russia Air Conditioner Top Companies Market Share
- Russia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
- Russia Air Conditioner Company Profiles
- Russia 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
Russia Air Conditioner Market (2024-2030) : FAQs
The increasing disposable income in households, rising urbanization, changing lifestyle patterns, extreme climatic conditions, and favorable government policies.
Some of the major players in the Russia Air Conditioner (AC) market include LG Electronics, Samsung Electronics, Fujitsu General, Carrier Corporation, and Electrolux AB, among others.
The high installation and maintenance costs of Air Conditioners (AC), highly price-sensitive, and customers usually prefer lower-priced ACs, which affects premium brands' sales.
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 Russia Air Conditioner Market Overview |
| 3.1 Russia Air Conditioner Market Revenues & Volume, 2020 - 2030F |
| 3.2 Russia Air Conditioner Market - Industry Life Cycle |
| 3.3 Russia Air Conditioner Market - Porter's Five Forces |
| 3.4 Russia Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F |
| 3.5 Russia Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F |
| 4 Russia Air Conditioner Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Russia Air Conditioner Market Trends |
| 6 Russia Air Conditioner Market Segmentation |
| 6.1 Russia Air Conditioner Market, By Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 Russia Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F |
| 6.1.3 Russia Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F |
| 6.1.4 Russia Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F |
| 6.1.5 Russia Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F |
| 6.1.6 Russia Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F |
| 6.2 Russia Air Conditioner Market, By Application |
| 6.2.1 Overview and Analysis |
| 6.2.2 Russia Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F |
| 6.2.3 Russia Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F |
| 6.2.4 Russia Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F |
| 6.2.5 Russia Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F |
| 6.2.6 Russia Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F |
| 6.2.7 Russia Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F |
| 7 Russia Air Conditioner Market Import-Export Trade Statistics |
| 7.1 Russia Air Conditioner Market Export to Major Countries |
| 7.2 Russia Air Conditioner Market Imports from Major Countries |
| 8 Russia Air Conditioner Market Key Performance Indicators |
| 9 Russia Air Conditioner Market - Opportunity Assessment |
| 9.1 Russia Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F |
| 9.2 Russia Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F |
| 10 Russia Air Conditioner Market - Competitive Landscape |
| 10.1 Russia Air Conditioner Market Revenue Share, By Companies, 2023 |
| 10.2 Russia 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: ETC090071 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Russia 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 Czechia. It has registered a growth of 45.07% over previous year. While Czechia registered a growth of 4.62% 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, Russian Federation has Herfindahl index of 7116 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 6768 which signifies high concentration in the market
Russia Air Conditioner (AC) Market - Export Market Opportunities
Latest 2023 Developments of the Russia Air Conditioner Market
The Russia Air Conditioner Market is rising faster since many developments are happening in the market. The shift towards air conditioning systems that are more energy-efficient is the major development of the market. People always look for ACs that meet their requirements and have a lower impact on the environment with the rising awareness regarding environmental issues. Increasing demand for smart air conditioners is also driving the Russia Air Conditioner Market Growth. Smart air conditioner systems that are IoT enabled are controlled with the help of mobile applications. There is also a growth in demand for air conditioners that are portable owing to their ease of use and convenience and this trend reflects the transformations in consumers’ lifestyles.
Topics Covered in the Russia Air Conditioner (AC) Market
Russia Air Conditioner (AC) Market is projected to grow over the coming years. Russia 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 assessments and publishes with the report titled Global Air Conditioner (AC) Market outlook report annually.
Russia 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.
Russia Air Conditioner (AC) Market Synopsis
Russia Air Conditioner (AC) Market is likely to gain momentum during the forecast period on account of the increasing penetration of consumers regarding comfortable lifestyles. Increasing adoption of air conditioners as a level of comfort rather than luxury drives the growth of the market. Increasing development in the hospitality sector also contributes to the growth of the market. The establishment of offices, malls, and shopping complexes backed by increasing construction activities also led to increased growth in the market.
According to 6Wresearch, Russia Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.7% during 2021-2027. Russia occupies the 2nd position in terms of the market size in the Europe Air Conditioner Market. The rising population backed by increasing migration towards urban areas beholds the increasing development of the AC Market in Russia. The rising number of commercial and residential projects is also boosting the growth of the Air Conditioner market. Lack of funds is still a restraining factor in the growth of the market.
COVID-19 Impact on Russia Air Conditioner Market
The coronavirus pandemic had a major impact on the Russia Air Conditioner Industry. Travel restrictions and strict lockdown measures resulted in a decrease in demand for ACs since people were spending more time indoors. The commercial sector is one of the major end-users of air conditioners. Since commercial buildings were closed during the pandemic owing to the lockdown impositions, the demand for air conditioners decreased. Companies allowed work from home to their employees. Many people even lose their jobs during the pandemic, which restricted them to spend on non-essential and luxury items. Since factories were closed, there was limited production capacity, which, in turn, affected the demand for air conditioners, and reduced the Russia Air Conditioner Market Share.
Key Players in the Russia Air Conditioner Market
Players that are dominating the Air Conditioner Market in Russia are:
- LG Electronics Inc.
- Panasonic Corporation
- Gree Electric Appliances Inc.
- Midea Group Co. Ltd.
- Daikin Industries Ltd.
- Hisense Kelon Electrical Holdings Company Limited
- Fujitsu General Limited
- Mitsubishi Electric Corporation
- Toshiba Carrier Corporation
- Haier Group
Market Analysis by Types
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, 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.
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:
- Russia Air Conditioner Market Outlook
- Market Size of Russia Air Conditioner Market, 2020
- Forecast of Russia Air Conditioner Market, 2027
- Historical Data and Forecast of Russia Air Conditioner Revenues & Volume for the Period 2017 - 2027
- Russia Air Conditioner Market Trend Evolution
- Russia Air Conditioner Market Drivers and Challenges
- Russia Air Conditioner Price Trends
- Russia Air Conditioner Porter's Five Forces
- Russia Air Conditioner Industry Life Cycle
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Type for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Application for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Residential for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2017 - 2027
- Historical Data and Forecast of Russia Air Conditioner Market Revenues & Volume By Others for the Period 2017 - 2027
- Russia Air Conditioner Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Russia Air Conditioner Top Companies Market Share
- Russia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
- Russia Air Conditioner Company Profiles
- Russia Air Conditioner Key Strategic Recommendations
Market 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
- Commercial & Retail
- Healthcare
- Hospitality
- Transportation & Infrastructure
- Others
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