Market Insights Consumer Household Appliances Major Appliances

Air Conditioners - Germany

Germany

Germany's Air Conditioners market is projected to generate a revenue of US$302.40m in 2024.
It is anticipated that the market will experience an annual growth rate of 7.69% (CAGR 2024-2029).
When compared to the global market, in China leads in terms of revenue, with a staggering US$15,980m expected in 2024.
In relation to the total number of households, each household is expected to generate a revenue of US$7.37 in 2024.
By 2029, the volume in the Air Conditioners market is projected to reach 318.0k pieces units.
Additionally, a volume growth of 7.7% is expected in 2025.
The average volume per household in the Air Conditioners market is forecasted to be 0.01pieces units in 2024.
Germany's growing emphasis on sustainability and energy efficiency has led to a surge in demand for eco-friendly air conditioners.

Key regions: Indonesia, India, Japan, China, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.