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Air Conditioners - Guinea

Guinea
  • In Guinea, the revenue in the Air Conditioners market is projected to reach US$2.80m in 2024.
  • It is anticipated that the market will experience an annual growth rate of 4.12% (CAGR 2024-2029).
  • When compared globally, China generates the highest revenue in this segment, with an estimated amount of US$16bn in 2024.
  • In terms of the total number of households, the per household revenue in Guinea is expected to be US$1.19 in 2024.
  • Looking ahead, the volume in the Air Conditioners market is forecasted to reach 8.2k pieces units by 2029.
  • Additionally, there is an expected volume growth of 2.4% in 2025.0.
  • The average volume per household in the Air Conditioners market is expected to be 0.00pieces units in 2024.
  • Guinea's air conditioner market is experiencing a surge in demand due to the country's hot and humid climate.

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
Air Conditioners: market data & analysis - Cover

Market Insights report

Air Conditioners: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Volume

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Price

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: May 2024

    Source: Statista Market Insights

    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.

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    Air Conditioners: market data & analysis - BackgroundAir Conditioners: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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