South Korea Air Conditioner (AC) Market is projected to grow over the coming years. South Korea 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.

South Korea 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.

South Korea Air Conditioner (AC) Market Synopsis

South Korea Air Conditioner (AC) Market is likely to gain momentum during the upcoming period owing to the increasing penetration towards energy-efficient resources. South Korea being the technologically advanced country further beholds the growth of automatic air conditioner market. Moreover, continuous urbanization is expected to add to the growth of the market. Increasing adoption of smart appliances would further expect to drive the growth for smartphone-operated air conditioners.

According to 6Wresearch, South Korea Air Conditioner (AC) Market size is projected to grow at a CAGR of 2.9% during 2021-2027. South Korea occupies 6th position in terms of the market size in the APAC Air Conditioner Market. Improvement in housing standards backed by the increasing income of the consumer is fueling the growth of the market. Moreover, the unfavorable climatic conditions along with rising temperature further behold the increasing growth of the air conditioner market in South Korea. However, the market suffered a major decline due to the outbreak of COVID-19 leading to the shutting down of manufacturing and retail units. The nationwide lockdown led to the disruption in the supply chain of the Air conditioner market.  

Market Analysis by Types

In terms of market by types, Centralized 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.

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

• 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:

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