Thailand Warm Air Heating and Air Conditioning Market (2024-2030) | Analysis, Trends, Industry, Share, Value, Companies, Growth, Outlook, Size, Forecast & Revenue

Market Forecast By Components (Sensors, Controllers & Constrolled Devices), By Applications (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC016965 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Warm Air Heating and Air Conditioning Market Synopsis

Thailand is one of the world???s most attractive markets for warm air heating and air conditioning (HVAC) due to its tropical climate. The market in Thailand has been growing steadily over the years, with a compound annual growth rate (CAGR) of 7.2% from 2015-2020. The market size reached THB 16 billion in 2020, up from THB 11 billion in 2015. The demand for HVAC products is driven mainly by residential buildings such as apartments and condominiums, public offices, commercial buildings such as retail stores and shopping malls, educational institutions such as universities and schools, healthcare facilities like hospitals and clinics etc., which have increased significantly over the past decade or so.

Market Drivers

The primary driver of growth in Thailand warm air heating and air conditioning market is the increasing urbanization across major cities like Bangkok which drives an increase in construction activities leading to higher demand for HVAC products. Additionally, rising disposable income amongst consumers encourages them to invest more on home comforts such as AC units resulting further boost to industry growth prospects. Further favorable government initiatives such as tax incentives are also expected to propel growth going forward into 2026 period.

Challenges of the Market

One key challenge facing this industry is posed by high competition among manufacturers which leads to squeezed profit margins leaving little room for innovation or investment into research & development activities towards product improvements thus retarding overall sectoral progressiveness.. Furthermore there are certain EHS regulations imposed by the Thailand government on refrigerants used within these systems that need careful consideration while manufacturing these products else heavy fines may be levied upon non-compliances thereby affecting business sustainability at large scale basis.

Covid-19 Impact on the Market

Due to outbreak of COVID19 pandemic during year 2020-21, it has adversely impacted global economies including Thailand.This has caused disruption across entire value chain starting from supply shortage all way till end user consumption level.As result majority of companies faced financial losses due capacity utilization cuts / closure of production facilities.Despite some recovery seen post mid 2021, however still situation remains far off than pre covid levels .

Key Players of the Market

Major players operating within this space include Daikin Industries Ltd., Gree Electric Appliances Inc., Mitsubishi Electric Corp., Panasonic Corp., Toshiba Carrier Corporation, LG Electronics Inc., Johnson Controls International PLC etc.

Key Highlights of the Report:

  • Thailand Warm Air Heating and Air Conditioning Market Outlook
  • Market Size of Thailand Warm Air Heating and Air Conditioning Market, 2023
  • Forecast of Thailand Warm Air Heating and Air Conditioning Market, 2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Revenues & Volume for the Period 2020-2030
  • Thailand Warm Air Heating and Air Conditioning Market Trend Evolution
  • Thailand Warm Air Heating and Air Conditioning Market Drivers and Challenges
  • Thailand Warm Air Heating and Air Conditioning Price Trends
  • Thailand Warm Air Heating and Air Conditioning Porter's Five Forces
  • Thailand Warm Air Heating and Air Conditioning Industry Life Cycle
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Components for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Sensors for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Controllers & Constrolled Devices for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Residential for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Commercial for the Period 2020-2030
  • Historical Data and Forecast of Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume By Industrial for the Period 2020-2030
  • Thailand Warm Air Heating and Air Conditioning Import Export Trade Statistics
  • Market Opportunity Assessment By Components
  • Market Opportunity Assessment By Applications
  • Thailand Warm Air Heating and Air Conditioning Top Companies Market Share
  • Thailand Warm Air Heating and Air Conditioning Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Warm Air Heating and Air Conditioning Company Profiles
  • Thailand Warm Air Heating and Air Conditioning Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Warm Air Heating and Air Conditioning Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, 2020 & 2030F

3.3 Thailand Warm Air Heating and Air Conditioning Market - Industry Life Cycle

3.4 Thailand Warm Air Heating and Air Conditioning Market - Porter's Five Forces

3.5 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume Share, By Components, 2020 & 2030F

3.6 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 Thailand Warm Air Heating and Air Conditioning Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Thailand Warm Air Heating and Air Conditioning Market Trends

6 Thailand Warm Air Heating and Air Conditioning Market, By Types

6.1 Thailand Warm Air Heating and Air Conditioning Market, By Components

6.1.1 Overview and Analysis

6.1.2 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Components, 2020-2030F

6.1.3 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Sensors, 2020-2030F

6.1.4 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Controllers & Constrolled Devices, 2020-2030F

6.2 Thailand Warm Air Heating and Air Conditioning Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Residential, 2020-2030F

6.2.3 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Commercial, 2020-2030F

6.2.4 Thailand Warm Air Heating and Air Conditioning Market Revenues & Volume, By Industrial, 2020-2030F

7 Thailand Warm Air Heating and Air Conditioning Market Import-Export Trade Statistics

7.1 Thailand Warm Air Heating and Air Conditioning Market Export to Major Countries

7.2 Thailand Warm Air Heating and Air Conditioning Market Imports from Major Countries

8 Thailand Warm Air Heating and Air Conditioning Market Key Performance Indicators

9 Thailand Warm Air Heating and Air Conditioning Market - Opportunity Assessment

9.1 Thailand Warm Air Heating and Air Conditioning Market Opportunity Assessment, By Components, 2020 & 2030F

9.2 Thailand Warm Air Heating and Air Conditioning Market Opportunity Assessment, By Applications, 2020 & 2030F

10 Thailand Warm Air Heating and Air Conditioning Market - Competitive Landscape

10.1 Thailand Warm Air Heating and Air Conditioning Market Revenue Share, By Companies, 2023

10.2 Thailand Warm Air Heating and Air Conditioning Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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