Air Conditioners - Eastern Asia
Eastern Asia- In 2024, the Air Conditioners market in Eastern Asia is projected to generate a revenue of US$26.69bn.
- It is anticipated to experience an annual growth rate of 1.8% (CAGR 2024-2029).
- When compared globally, China leads in terms of revenue generation, with US$16bn expected in 2024.
- Looking at the per household perspective, in 2024, each household is projected to generate a revenue of US$46.42.
- Moving on to the volume aspect, it is estimated that the Air Conditioners market will reach a volume of 63.8m pieces units by 2029.
- Furthermore, a volume growth rate of 1.8% is expected in 2025.0.
- In terms of average volume per household, it is projected to be 0.10pieces units in 2024.
- In Eastern Asia, the demand for high-efficiency and eco-friendly air conditioners is on the rise, driven by the region's growing concern for sustainability and energy conservation.
- Key regions:
- Indonesia,
- India,
- Japan,
- China,
- Worldwide
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
