Residential Air Conditioner Growth Opportunities in Southeast Asia: Rising Urbanization Rates and Growing Energy-efficiency Drive Competitive Intensity

DUBLIN, Jan. 29, 2024 /PRNewswire/ — The “Residential Air Conditioner Growth Opportunities in Southeast Asia“ report has been added to  ResearchAndMarkets.com’s offering.

The residential air conditioner market in Southeast Asia (comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) is currently in the growth stage and will expand at a strong CAGR of 7.3% between 2023 and 2028. Increased urbanization and rising awareness about energy-efficient air conditioners is increasing the demand.

Poor outdoor air quality, and hot, humid climatic conditions further support this demand growth. While new air conditioners contribute a large percentage of the demand, replacement air conditioners are also seeing fast growth owing to concerns over energy efficiency. The market leaders are Japanese manufacturers who are well challenged by Korean, US, and Chinese competitors.

This report analyzes market trends for the 2021 to 2028 period. The base year is 2023. Indonesia and Vietnam are expected to be the fastest-growing markets while Thailand, Philippines, and Malaysia have high market potential.

The focus in the next five years will be the development of innovative models that use green and efficient technologies. Market trends will also evolve, ensuring an intensified focus on sustainability in the air conditioning ecosystem.

Key Growth Opportunities

Energy EfficiencySustainable CoolingAir PurificationStrategic Partnerships

Key Topics Covered:

Growth Opportunity Analysis

Scope of AnalysisProduct SegmentationGrowth MetricsGrowth DriversGrowth RestraintsForecast AssumptionsRevenue ForecastRevenue by Product TypeRevenue and CAGR by Country

Growth Opportunity Analysis: Country Outlook

Market Snapshot – IndonesiaMarket Snapshot – MalaysiaMarket Snapshot – SingaporeMarket Snapshot – ThailandMarket Snapshot – The PhilippinesMarket Snapshot – Vietnam

For more information about this report visit https://www.researchandmarkets.com/r/5n3ry8

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