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: ETC090073||Publication Date: Aug 2021||Updated Date: May 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
In the year 2021, China was the largest exporter in terms of value, followed by Morocco. It has registered a growth of 28.87% over the previous year. While Morocco registered a growth of 38.14% over the previous year. While in 2017 China was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Spain has a Herfindahl index of 3302 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 3950 which signifies high concentration in the market
The Spain Air Conditioner Market is continuously rising, with new advancements and developments being made all the time in the market. The popularity of smart air conditioning systems is one of the major developments in the market. Smart air conditioners enable users to control their air conditioners remotely with the help of voice assistants and smartphones. The rising popularity of eco-friendly air conditioners is another major development in the sector. This sort of ACs uses less energy and also, they have a smaller carbon footprint as compared to conventional models. Consumers look for greener options when they buy air conditioners. Advancements in technology enable players to deliver better and smart air conditioners to their consumers, which helps in stimulating the Spain Air Conditioner Market Growth.
Spain Air Conditioner (AC) Market is projected to grow over the coming years. Spain 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 assessment and publishes the report titled Global Air Conditioner (AC) Market outlook report annually.
Spain 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.
Spain Air Conditioner (AC) Market is projected to gain a substantial share during the forecast period on account of unfavourable climatic conditions. The rising level of humidity and soaring temperature leading to the adoption of air conditioners as a necessity rather than a luxury further behold the development of the market. The emergence of technologically advanced air conditioners also beholds the increasing growth of the smart air conditioner market. Increasing penetration towards a comfortable lifestyle backed by migration towards urban areas led to the development of the market.
According to 6Wresearch, Spain Air Conditioner (AC) Market size is projected to grow at a CAGR of 6.2% during 2021-2027. Spain occupies the 4th position in terms of the market size in the Europe Air Conditioner Market. The increasing establishment of hotels, restaurants, and shopping malls backed by the growth of the construction sector led to the development of the market. The increasing burden on the healthcare sector also boosted the market growth. The outburst of the COVID-19 pandemic declines the growth of the market causing disruption in the supply chain of air conditioners. Nationwide lockdown leading to the shutting down of retail stores further added to the negative growth of the market.
In terms of market by type, 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.
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.
There is no wonder that the coronavirus pandemic disrupted a number of industries and the Air Conditioner Market in Spain was no exception. The demand for ACs decreased in the nation with restrictions on movement as well as the closure of commercial spaces. Additionally, economic uncertainty which was caused by the pandemic led to a reduction in consumer spending on any item which is not very necessary. A number of postponed installations were attributed to financial constraints. With the warmer weather approaching and easing restrictions, there was an increase in demand for ACs and consumers started spending more on their home improvements in order to create a comfortable indoor environment.
Key players that are helping in stimulating the Spain Air Conditioner Market Share are:
The report provides a detailed analysis of the following market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 Spain Air Conditioner Market Overview|
|3.1 Spain Air Conditioner Market Revenues & Volume, 2017 - 2027F|
|3.2 Spain Air Conditioner Market - Industry Life Cycle|
|3.3 Spain Air Conditioner Market - Porter's Five Forces|
|3.4 Spain Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2027F|
|3.5 Spain Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2027F|
|4 Spain Air Conditioner Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5 Spain Air Conditioner Market Trends|
|6 Spain Air Conditioner Market Segmentation|
|6.1 Spain Air Conditioner Market, By Type|
|6.1.1 Overview and Analysis|
|6.1.2 Spain Air Conditioner Market Revenues & Volume, By Type, 2017 - 2027F|
|6.1.3 Spain Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2017 - 2027F|
|6.1.4 Spain Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2017 - 2027F|
|6.1.5 Spain Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2017 - 2027F|
|6.1.6 Spain Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2017 - 2027F|
|6.2 Spain Air Conditioner Market, By Application|
|6.2.1 Overview and Analysis|
|6.2.2 Spain Air Conditioner Market Revenues & Volume, By Residential, 2017 - 2027F|
|6.2.3 Spain Air Conditioner Market Revenues & Volume, By Healthcare, 2017 - 2027F|
|6.2.4 Spain Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2017 - 2027F|
|6.2.5 Spain Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2017 - 2027F|
|6.2.6 Spain Air Conditioner Market Revenues & Volume, By Hospitality, 2017 - 2027F|
|6.2.7 Spain Air Conditioner Market Revenues & Volume, By Others, 2017 - 2027F|
|7 Spain Air Conditioner Market Import-Export Trade Statistics|
|7.1 Spain Air Conditioner Market Export to Major Countries|
|7.2 Spain Air Conditioner Market Imports from Major Countries|
|8 Spain Air Conditioner Market Key Performance Indicators|
|9 Spain Air Conditioner Market - Opportunity Assessment|
|9.1 Spain Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2027F|
|9.2 Spain Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2027F|
|10 Spain Air Conditioner Market - Competitive Landscape|
|10.1 Spain Air Conditioner Market Revenue Share, By Companies, 2020|
|10.2 Spain Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters|
|11 Company Profiles|