Air Conditioners - China
China- In 2024, the revenue in the Air Conditioners market in China reached a substantial amount of US$15.98bn.
- Looking ahead, the market is projected to experience a steady annual growth rate of 2.73% (CAGR 2024-2029).
- Comparing globally, China stands out as the country generating the highest revenue in this segment, accounting for the aforementioned US$15.98bn in 2024.
- When considering the number of households, it is interesting to note that in 2024, each household China contributed an average revenue of US$32.54 to the Air Conditioners market.
- Looking towards the future, the volume in this segment is expected to reach 48.1m pieces units by 2029.
- In 2025.0, a slight volume growth of 1.7% is projected.
- Furthermore, by 2024, the average volume per household in the Air Conditioners market is estimated to be 0.09pieces units.
- These figures highlight the significance of the Air Conditioners market China, both in terms of revenue and volume.
- With the rapid urbanization and increasing disposable income in China, the demand for energy-efficient air conditioners is skyrocketing.
- Key regions:
- Indonesia,
- India,
- Japan,
- Worldwide,
- United Kingdom
Definition: The category of air conditioners includes single-piece air conditioners, such as window air conditioners and split air conditioners, which are installed in a location and provide both cooling and heating functionality. This market excludes portable air conditioning units that are typically designed for temporary or mobile applications, as well as commercial air conditioners and heaters.
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, and average revenue and volume per household.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Window air conditioners such as Voltas 3 Star Window AC, Carrier 1.5 Ton 3 Star Window AC etc
- Split-air conditioners such as Haier 1.5 Ton 3 Star Split System AC, Whirlpool 1.5 Ton 3 Star, Flexicool Inverter Split AC etc
Out-Of-Scope
- Commercial air conditioners
- Portable air conditioners
- Heaters
- Centralized air conditioners
- Coolers
