| Product Code: ETC005865 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Thailand HVAC System Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 0.08% in 2025, growth builds up to 0.28% by 2029.

Thailand's HVAC System market is anticipated to experience a stable growth rate of 0.11% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

The Thailand HVAC system market is projected to reach USD 943.5 million by 2026, registering a CAGR of 6.2% during the forecast period (2020-2026). The increasing development in residential and commercial infrastructure has boosted the demand for advanced air conditioning systems with better energy efficiency. Moreover, rising disposable income levels have led to an increase in consumer spending on heating, ventilation, and air conditioning (HVAC) systems including chillers and furnaces across the country
Furthermore, government initiatives like Pracha Rat Bamphen Chonburi 2020 have also augmented the growth of this sector. Manufacturers are developing innovative products that require less power consumption while providing efficient cooling solutions which will help expand their customer base further. Additionally, rapid urbanization coupled with supportive regulations towards green energy solutions is expected to drive investments in renewable sources such as solar HVAC systems across Thailand over the coming years thereby propelling industry growth further
However, lack of awareness among consumers about efficient HVAC systems may hinder market performance adversely over certain periods of time due to low adoption rates for these products even though they provide better capabilities at lower costs than traditional options available in the market today
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 Thailand HVAC System Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand HVAC System Market Revenues & Volume, 2019 & 2026F |
3.3 Thailand HVAC System Market - Industry Life Cycle |
3.4 Thailand HVAC System Market - Porter's Five Forces |
3.5 Thailand HVAC System Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Thailand HVAC System Market Revenues & Volume Share, By End-User, 2019 & 2026F |
4 Thailand HVAC System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand HVAC System Market Trends |
6 Thailand HVAC System Market, By Types |
6.1 Thailand HVAC System Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand HVAC System Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Thailand HVAC System Market Revenues & Volume, By Heating, 2016 - 2026F |
6.1.4 Thailand HVAC System Market Revenues & Volume, By Cooling, 2016 - 2026F |
6.1.5 Thailand HVAC System Market Revenues & Volume, By Ventilation, 2016 - 2026F |
6.2 Thailand HVAC System Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Thailand HVAC System Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 Thailand HVAC System Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.2.4 Thailand HVAC System Market Revenues & Volume, By Industrial, 2016 - 2026F |
7 Thailand HVAC System Market Import-Export Trade Statistics |
7.1 Thailand HVAC System Market Export to Major Countries |
7.2 Thailand HVAC System Market Imports from Major Countries |
8 Thailand HVAC System Market Key Performance Indicators |
9 Thailand HVAC System Market - Opportunity Assessment |
9.1 Thailand HVAC System Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Thailand HVAC System Market Opportunity Assessment, By End-User, 2019 & 2026F |
10 Thailand HVAC System Market - Competitive Landscape |
10.1 Thailand HVAC System Market Revenue Share, By Companies, 2019 |
10.2 Thailand HVAC System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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