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: ETC090082 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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
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 South Korea Air Conditioner Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Air Conditioner Market Revenues & Volume, 2020 & 2027F |
3.3 South Korea Air Conditioner Market - Industry Life Cycle |
3.4 South Korea Air Conditioner Market - Porter's Five Forces |
3.5 South Korea Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 South Korea Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 South Korea Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Air Conditioner Market Trends |
6 South Korea Air Conditioner Market, By Types |
6.1 South Korea Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F |
6.1.3 South Korea Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F |
6.1.4 South Korea Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F |
6.1.5 South Korea Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F |
6.1.6 South Korea Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F |
6.2 South Korea Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F |
6.2.3 South Korea Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F |
6.2.4 South Korea Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F |
6.2.5 South Korea Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F |
6.2.6 South Korea Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F |
6.2.7 South Korea Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F |
7 South Korea Air Conditioner Market Import-Export Trade Statistics |
7.1 South Korea Air Conditioner Market Export to Major Countries |
7.2 South Korea Air Conditioner Market Imports from Major Countries |
8 South Korea Air Conditioner Market Key Performance Indicators |
9 South Korea Air Conditioner Market - Opportunity Assessment |
9.1 South Korea Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F |
9.2 South Korea Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F |
10 South Korea Air Conditioner Market - Competitive Landscape |
10.1 South Korea Air Conditioner Market Revenue Share, By Companies, 2020 |
10.2 South Korea Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |