Air Conditioners - G7
G7- The Air Conditioners market in the country in G7 is projected to generate a revenue of US$20.13bn in 2024.
- This market is anticipated to grow at an annual rate of 4.62% between 2024 and 2029 (CAGR 2024-2029).
- When compared globally, the highest revenue is expected to be generated China, reaching US$16bn in 2024.
- In terms of per household revenue, the Air Conditioners market is forecasted to generate US$61.83 in 2024.
- By 2029, the volume in the Air Conditioners market is expected to reach 24.3m pieces.
- Furthermore, a volume growth of 2.3% is projected for 2025.0.
- On average, each household in the Air Conditioners market is expected to have a volume of 0.07pieces in 2024.
- In the United States, the demand for smart air conditioners is on the rise, with consumers increasingly seeking energy-efficient and connected cooling solutions.
- 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
