Thailand Air Conditioner Market, By Product Type, By End-Use Sector, By Region Competition, Forecast & Opportunities, 2025
- September 2020 •
- 79 pages •
- Report ID: 5955439 •
- Format: PDF
Thailand Air Conditioner Market, By Product Type (Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.)), By End-Use Sector (Residential Vs Commercial/Industrial), By Region (Northern Thailand, Eastern Thailand, North East Thailand, Southern Thailand, Western Thailand, Central Thailand) Competition, Forecast & Opportunities, 2025
Thailand air conditioner market is projected to reach $ 3 billion mark by 2025, owing to the increasing disposable income of consumers, rising population, increasingly affordable product offerings and expansion of multinational brands resulting in better brand availability than before.Furthermore, hot weather and growing popularity towards energy-efficient air conditioners will propel growth of the country’s air conditioner market during the forecast period.
Steadily air conditioner is becoming one of the necessary products in Thailand households.Unlike earlier air conditioner is not a luxury product and this shift will continue to drive the air conditioner market in Thailand in the coming years.
Besides, increasing commercial space is also expected to boost demand for commercial air conditioners in the Thailand air conditioner market.
Thailand Air Conditioner Market is categorized By Product Type (Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing etc.)), By End-Use Sector (Residential Vs Commercial/Industrial), and By Region (Northern Thailand, Eastern Thailand, North East Thailand, Southern Thailand, Western Thailand, Central Thailand).
Based on the product type, the market is segmented into (Splits, VRFs, Chillers, Windows, and Others ((Portable, floor etc.). As of 2019, Split type air conditioner category held the largest share in the country’s air conditioners market owing to a wide range of advanced product offerings. In addition, companies are also manufacturing energy-efficient and affordable air conditioner to fulfil the demand for the residential segment in Thailand air conditioner market. Furthermore, Chiller type air conditioner segment held the second largest market share in terms of value in the country’s air conditioners market due to increasing commercial space demand and rising industrialisation.
Based on the region, the market is segmented into Northern Thailand, Eastern Thailand, North East Thailand, Southern Thailand, Western Thailand, Central Thailand.Until 2019, North Thailand held the largest market share in the country’s air conditioners market due to increasing disposable income, urbanization, expanding population and rising industrialization in the region.
Also, Eastern Thailand and North East Thailand will capture a significant share during the forecast period due to increasing product availability and rising penetration of e-commerce platform.
Based on the end use segmentation, Thailand air conditioner market is categorized into the residential sector and commercial/industrial sector.Residential air conditioner segment holds the majority share in Thailand air conditioner market due to rapidly increasing household population, income, financing options and growing construction for residential buildings.
In Thailand Air conditioner market commercial air conditioners such as VRFs and chiller type air conditioner are also holding significant share until 2019 in terms of value market. The commercial sector usage of air conditioner increasing due to rising demand from commercial spaces such as production units, offices, and establishments as the Chillers and VRFs can cool large spaces with the less electricity consumption
Some of the leading players in Thailand air conditioner market Includes Daikin Industries (Thailand) Limited, Mitsubishi Electric Consumer Products (Thailand) Co., LTD, Panasonic (Thailand) Co., Ltd., Midea Refrigeration Equipment (Thailand) Co., Ltd., Thai Samsung Electronics Co., Ltd, LG Electronics (Thailand) Co.,Ltd., Sharp Thai Co., Ltd, Hitachi Sales (Thailand), Ltd, Haier Electrical Appliances (Thailand) Co., Ltd., Carrier (Thailand) Co., Ltd., Toshiba Carrier (Thailand) Co. Ltd., among others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
The objective of the Study:
• To analyze and forecast the market size of the Thailand Air Conditioner Market.
• To classify and forecast Thailand Air Conditioner Market based on Type, Revenue, Booking Type, Region and Cities.
• To identify drivers and challenges for Thailand Air Conditioner Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Thailand Air Conditioner Market.
• To identify and analyze the profile of leading players involved in the Thailand Air Conditioner Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of air conditioner manufacturer across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and the presence of all major manufacturers across the globe.
The analyst calculated the market size of the Thailand air conditioner market using a bottom-up approach, wherein data for various applications across various end-user segments were recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Air Conditioner manufacturers, suppliers, distributors and other stakeholders.
• Organizations, forums and alliances related to air conditioner market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Thailand air conditioner market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Market, By Product Type
o Split Air Conditioners
o VRFs Air Conditioners
o Chillers Air Conditioners
o Window Air Conditioners
o Others (Portable, Floor Standing etc.)
• Market, By End-Use Sector
• Market, By Region:
o Northern Thailand
o Eastern Thailand
o North East Thailand
o Southern Thailand
o Western Thailand
o Central Thailand
Company Profiles: Detailed analysis of the major companies present in Thailand Air Conditioner Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of the direct and indirect sales channel.