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Thailand $3 Billion Air Conditioner Market, Competition, Forecast & Opportunities, 2025

Research and Markets
·5-min read

Dublin, Jan. 04, 2021 (GLOBE NEWSWIRE) -- The "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, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

The 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 the demand for commercial air conditioners in the Thailand air conditioner market.

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 the 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, the Thailand Air Conditioner Market is categorized into the residential sector and commercial/industrial sector. Residential air conditioner segment holds the majority share in the Thailand Air Conditioner Market due to rapidly increasing household population, income, financing options and growing construction for residential buildings.

In the 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

Years considered for this report:

  • Historical Years: 2015-2018

  • Base Year: 2019

  • Estimated Year: 2020

  • Forecast Period: 2021-2025

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decisions
4.3. Brand Satisfaction
4.4. Challenges Faced Post Purchase

5. Global Air Conditioners Market Overview

6. Thailand Air Conditioners Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Type (Splits, VRFs, Chillers, Windows, and Others)
6.2.2. By End-Use Sector (Residential Vs Commercial/Industrial)
6.2.3. By Region (Northern Thailand, Eastern Thailand, North East Thailand, Southern Thailand, Western Thailand, Central Thailand)
6.2.4. By Company
6.3. Market Attractiveness Index
6.3.1. By Product Type
6.3.2. By Region

7. Thailand Split Air Conditioners Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
7.3. Product Benchmarking

8. Thailand VRFs Air Conditioners Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
8.3. Product Benchmarking

9. Thailand Chillers Air Conditioners Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
9.3. Product Benchmarking

10. Thailand Windows Air Conditioners Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By End Use Sector (Residential Vs Commercial/Industrial)

11. Thailand Others Air Conditioners Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume

12. Supply Chain Analysis

13. Import-Export Analysis

14. Market Dynamics
14.1. Drivers
14.2. Challenges

15. Market Trends & Developments

16. Policy & Regulatory Landscape

17. Thailand Economic Profile

18. Competitive Landscape
18.1. Company Profiles
18.1.1. Daikin Industries (Thailand) Limited
18.1.2. Mitsubishi Electric Consumer Products (Thailand) Co., LTD
18.1.3. Panasonic (Thailand) Co., Ltd.
18.1.4. Midea Refrigeration Equipment (Thailand) Co., Ltd.
18.1.5. Thai Samsung Electronics Co., Ltd
18.1.6. LG Electronics (Thailand) Co., Ltd.
18.1.7. Sharp Thai Co., Ltd
18.1.8 Hitachi Sales (Thailand), Ltd
18.1.9. Haier Electrical Appliances (Thailand) Co., Ltd.
18.1.10 Carrier (Thailand) Co., Ltd. `
18.1.11 Toshiba Carrier (Thailand) Co., Ltd.

19. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/cq4q2i

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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