Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape
Product Code: ETC004392 | Publication Date: Sep 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Air Conditioner Market registered a growth of 5.78% in value shipments in 2022 as compared to 2021 and an increase of 0.27% CAGR in 2022 over a period of 2017. In Air Conditioner Market Singapore is becoming less competitive as HHI index in 2022 was 5925 while in 2017 it was 4858. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Singapore has reportedly relied more on imports to meet its growing demand in Air Conditioner Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Air Conditioner Market in 2022 was 4.15 while in 2017 it was 2.47. Thailand, Malaysia, China, South Korea and Japan were among the top players of the market in 2022, where Thailand acquired the largest market share of 75.37% with a shipment value of 231.06 million USD in 2022 Thailand also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Air Conditioner Market. In 2017 Thailand had the largest market share of 66.39% with the shipment value of 189.37 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Thailand offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Singapore Air Conditioner Market in 2017.
Singapore air conditioner market is expected to gain traction in the coming years on the back of an increase in the tourism industry in the country which is driving the potential demand numbers for air conditioning systems in the country. An increase in the construction of hotels, restaurants and guesthouses is expected to be triggered as a result of the growing number of tourist visits in the country which is anticipated to leave a positive impact on the growth of the Singapore air conditioner market in the upcoming six years and drive potential revenues for the market in the foreseeable future. Additionally, the rising energy efficiency concerns the advanced technical features to be embedded in the air conditioning systems along with cost-effectiveness which is expected to be a major growth factor in driving the potential growth of the Singapore air conditioner market in the coming future.
According to 6Wresearch, the Singapore Air Conditioner Market size is projected to grow during the forecast period 2020–26F. There is no doubt that the emergence of the COVID-19 pandemic has affected the majority of the market across the world. The air conditioner market has also suffered a downfall during this timeframe owing to the complete nationwide lockdown in the country to contain the spread of coronavirus which has interrupted production and hindered demand for air conditioners owing to the disruptions in the income cycle of consumers which has hindered with their consumer spending and. Also, a downfall in commercialization along with low construction activities of hotels, restaurants and guest houses has led to a downfall in the demand for air conditioners in the country and has led to the slow growth of the Singapore air conditioner market. Additionally, a downfall in the tourism sector is expected to interrupt the market growth of the Singapore air conditioner market and is anticipated to slow down the growth of the market in the COVID-19 timeframe.
The majority of the demand projections for air conditioners are expected to be driven by the changing climatic conditions in the country whereby, the commercial and residential domains are expected to drive significant revenues for the Singapore air conditioner market in the coming years. Also, a rise in global warming in the country which is changing the weather conditions in the country is anticipated to assist the market gain traction in the coming years. Further, a rise in the concerns regarding the eco-friendliness and environmental concerns regarding energy efficiency is anticipated to drive potential growth prospects for the Singapore air conditioner market in the upcoming six years and widen vast avenues for the promising future growth for potential investors of the Singapore air conditioner market in the foreseeable future.
The Singapore air conditioner market report thoroughly covers the market by types, applications, and regions. The Singapore air conditioner market outlook report provides an unbiased and detailed analysis of the Singapore air conditioner market trends, opportunities high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
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TABLE OF CONTENTS |
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Singapore Air Conditioner Market Overview |
3.1. Singapore Air Conditioner Market Revenues (2016-2026F) |
3.2. Singapore Air Conditioner Market – Industry Life Cycle |
3.3. Singapore Air Conditioner Market – Porter’s Five Forces |
3.4. Singapore Air Conditioner Market – Ecosystem |
3.5. Singapore Air Conditioner Market Revenue Share, By Types (2019 & 2026F) |
3.6. Singapore Air Conditioner Market Revenue Share, By Applications (2019 & 2026F) |
3.7. Singapore Air Conditioner Market Revenue Share, By Regions (2019 & 2026F) |
4. Singapore Air Conditioner Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Singapore Air Conditioner Market Trends |
6. Singapore Room Air Conditioner Market Overview |
6.1. Singapore Room Air Conditioner Market Revenues & Volume (2016-2026F) |
6.2. Singapore Room Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
6.2.1. Singapore Window Air Conditioner Market Revenues & Volume (2016-2026F) |
6.2.2. Singapore Split Air Conditioner Market Revenues & Volume (2016-2026F) |
7. Singapore Ducted Air Conditioner Market Overview |
7.1. Singapore Ducted Air Conditioner Market Revenues & Volume (2016-2026F) |
7.2. Singapore Ducted Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
7.2.1. Singapore Ceiling Concealed Air Conditioner Market Revenues & Volume (2016-2026F) |
7.2.2. Singapore Rooftop Packaged Air Conditioner Market Revenues & Volume (2016-2026F) |
8. Singapore Ductless Air Conditioner Market Overview |
8.1. Singapore Ductless Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2. Singapore Ductless Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
8.2.1. Singapore Suspended Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2.2. Singapore Floor Standing Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2.3. Singapore Cassette Air Conditioner Market Revenues & Volume (2016-2026F) |
9. Singapore Centralized Air Conditioner Market Overview |
9.1. Singapore Centralized Air Conditioner Market Revenues (2016-2026F) |
9.2. Singapore Centralized Air Conditioner Market Revenue Share, By Components (2019 & 2026F) |
9.2.1. Singapore AHU/FCU Market Revenues (2016-2026F) |
9.2.2. Singapore Chiller Market Revenues (2016-2026F) |
9.2.3. Singapore VRF Market Revenues (2016-2026F) |
9.2.4. Singapore Other Components Market Revenues (2016-2026F) |
10. Singapore Air Conditioner Market Overview, By Applications |
10.1. Singapore Air Conditioner Market Revenues, By Residential Application (2016-2026F) |
10.2. Singapore Air Conditioner Market Revenues, By Healthcare Application (2016-2026F) |
10.3. Singapore Air Conditioner Market Revenues, By Commercial Offices & Retail Application (2016-2026F) |
10.4. Singapore Air Conditioner Market Revenues, By Transportation Application (2016-2026F) |
10.5. Singapore Air Conditioner Market Revenues, By Hospitality Application (2016-2026F) |
10.6. Singapore Air Conditioner Market Revenues, By Oil & Gas Application (2016-2026F) |
10.7. Singapore Air Conditioner Market Revenues, By Other Applications (2016-2026F) |
11. Singapore Air Conditioner Market Overview, By Regions |
11.1. Singapore Air Conditioner Market Revenues, By Central Region (2016-2026F) |
11.2. Singapore Air Conditioner Market Revenues, By Southern Region (2016-2026F) |
11.3. Singapore Air Conditioner Market Revenues, By Western Region (2016-2026F) |
11.4. Singapore Air Conditioner Market Revenues, By Eastern Region (2016-2026F) |
12. Singapore Air Conditioner Market Key Performance Indicators |
13. Singapore Air Conditioner Market Opportunity Assessment |
13.1. Singapore Air Conditioner Market Opportunity Assessment, By Types (2026F) |
13.2. Singapore Air Conditioner Market Opportunity Assessment, By Applications (2026F) |
14. Singapore Air Conditioner Market – Competitive Landscape |
14.1. Singapore Air Conditioner Market Competitive Benchmarking, By Operating Parameters |
14.2. Singapore Air Conditioner Market Revenue Share, By Types, By Company (2019) |
15. Company Profiles |
16. Key Strategic Recommendations |
17. Disclaimer |