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Air Conditioner Brackets Market Size - By type (Ordinary angle bracket, Steel plate bracket, Galvanized steel bracket), By application (Household, Commercial) & Region – Forecasts By 2023-2033

  • PUBLISHED ON
  • 2023-07-24
  • NO OF PAGES
  • 263
  • CATEGORY
  • Electronics & Communication

Key Market- Overview

Air Conditioner Brackets Market was valued at USD 1,510 million in 2022 and is estimated to reach  a value of USD 2,170 by 2033 with a CAGR of 4.5% during the forecast period.

All-year cooling is made possible by air conditioners, which are growing in popularity. In fact, there are many different brands of air conditioning available, and over 87% of American houses have one. AC's window bracket is an essential component that aids in supporting the unit. Some individuals contend that window air conditioners don't require brackets, but not all air conditioners will. This is not the case, and having a bracket for your air conditioner is typically required by law for safety reasons.

Report Scope

Report Attributes

Description

Market Size in 2023

USD 1,510 Million

Market Forecast in 2033

USD 2,170 Million

CAGR % 2023-2033

4.5%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type and application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Belkin, DiversiTech Corporation, RectorSeal, Thermwell Products, Qualward, Jeacent, Ashish International, Fschangze, and others.


In order to engage in domestic production in India, Panasonic set a goal to increase its AC business over the following three years in January 2021. Due to pent-up demand, the company, which recently debuted the HU series of ACs with nanoeX technology, anticipates a 35% increase in sector sales this year. The company claims that hydroxyl radicals, also known as ""nature's detergent,"" found in water and released by nanoeX technology are capable of suppressing bacteria and viruses, including 99.99% of adhering new coronaviruses.

According to research released in July 2020 by the United Nations Environment Programme (UNEP) and the International Energy Agency (IEA), strict measures to improve the efficiency of air conditioning systems could cut between 210 and 460 billion metric tonnes of carbon dioxide from the atmosphere by the year 2060.

Air Conditioner Brackets Market- Key Trends

Increasing Demand For Air Conditioners In Residential And Commercial Buildings Will Drive The Market Expansion

The need for air conditioners in residential and commercial buildings has contributed to the expansion of this market. Due to customers' growing awareness of energy efficiency and environmental sustainability, there is a rising demand for air conditioners in both residential and commercial structures.

Increase Use Of Ordinary Brackets Will Hype The Market Growth

In 2018, ordinary angle brackets held the biggest market share, followed by steel plate brackets, galvanised steel brackets, and other products (e.g., aluminum). Because it is simple to install and has a cheap cost per unit compared to other types of brackets like steel plate or galvanised steel brackets, the common angle bracket held the highest share of this market.

Impact of COVID

The COVID-19 pandemic has had a mixed impact on the air conditioner brackets market. While the market initially faced a decline in demand due to the slowdown of construction activities and supply chain disruptions caused by the pandemic, the market has since recovered as the construction industry resumed operations and demand for air conditioning systems increased due to the pandemic.

During the initial phase of the pandemic, many construction activities were halted, leading to a decline in demand for air conditioner brackets. Moreover, the disruptions in the supply chain due to lockdowns and travel restrictions caused delays in the delivery of raw materials, manufacturing equipment, and finished products, further impacting the market.

However, the pandemic also increased the demand for air conditioning systems as people spent more time indoors due to lockdowns and work from home arrangements. This trend led to an increase in demand for air conditioner brackets as well.

Air Conditioner Brackets Market- Segmental Assessment

The demand for air conditioner brackets in the commercial sector is significant, as commercial buildings such as offices, retail stores, and hotels require air conditioning systems to maintain a comfortable environment for employees, customers, and guests. The use of air conditioner brackets provides stability and support for the air conditioning system, ensuring it operates efficiently and safely.

The demand for air conditioner brackets in the commercial sector is expected to grow due to the increasing trend of energy-efficient air conditioning systems. Governments and regulatory bodies across the globe are promoting the use of energy-efficient air conditioning systems to reduce energy consumption and greenhouse gas emissions, and this trend is expected to increase the demand for air conditioner brackets in commercial buildings.

Moreover, the increasing trend of smart buildings that incorporate the Internet of Things (IoT) technology is also expected to boost the demand for air conditioner brackets in the commercial sector. These smart buildings use advanced sensors and controls to optimize energy consumption and provide a comfortable environment for occupants. The use of air conditioner brackets that are compatible with IoT technology can enhance the performance of air conditioning systems in these buildings.

Overall, the demand for air conditioner brackets in the commercial sector is expected to grow in the coming years due to the increasing trend of energy efficiency and the growth of smart buildings.

Air Conditioner Brackets Market- Geographical Landscape

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.

The Middle East region has a significant demand for air conditioner brackets, as the climate in the region is hot and humid, making air conditioning systems essential for residential, commercial, and industrial applications.

The demand for air conditioner brackets in the Middle East is driven by the growing construction industry, which is supported by government initiatives and investments in infrastructure development. The construction of new buildings, such as residential apartments, commercial complexes, and industrial facilities, is driving the demand for air conditioning systems and, in turn, air conditioner brackets.

Moreover, the increasing trend of energy-efficient air conditioning systems in the Middle East is expected to boost the demand for air conditioner brackets in the region. Governments in the region are promoting the use of energy-efficient air conditioning systems to reduce energy consumption and greenhouse gas emissions, and this trend is expected to increase the demand for air conditioner brackets that provide support and stability to these systems.

Furthermore, the Middle East region is home to some of the world's largest oil and gas companies, which require air conditioning systems in their operations. This demand is also expected to drive the demand for air conditioner brackets in the industrial sector in the region.

Air Conditioner Brackets Market- Competitive Landscape

The prominent companies defining the competitive terrain of this marketplace are Belkin, DiversiTech Corporation, RectorSeal, Thermwell Products, Qualward, Jeacent, Ashish International, Fschangze, and others.

Market- Segmental Assessment

By Type

• Ordinary angle bracket

• Steel plate bracket

• Galvanized steel bracket

• Others


By Application

• Household

• Commercial

• Others


Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA

1. Global Air Conditioner Brackets Market Introduction and Market Overview

1.1. Objectives of the Study

1.2. Air Conditioner Brackets Market Definition & Description

1.3. Global Air Conditioner Brackets Market Scope and Market Estimation

1.3.1.   Global Air Conditioner Brackets Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.   Global Air Conditioner Brackets Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4. Market Segmentation

1.4.1. Type of Global Air Conditioner Brackets Market

1.4.2. Application of Global Air Conditioner Brackets Market

 

2. Executive Summary

2.1. Global Air Conditioner Brackets Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Air Conditioner Brackets Market Industry Development

2.2. Market Dynamics

2.2.1.   Drivers

2.2.2.   Limitations

2.2.3.   Opportunities

2.2.4.   Impact Analysis of Drivers and Restraints

2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5. Porter’s Five Forces Analysis

2.5.1.   Bargaining Power of Suppliers

2.5.2.   Bargaining Power of Buyers

2.5.3.   Threat of Substitutes

2.5.4.   Threat of New Entrants

2.5.5.   Competitive Rivalry

2.6. Value Chain / Ecosystem Analysis

2.7. PEST Analysis

2.8. Russia-Ukraine War Impacts Analysis

2.9. Economic Downturn Analysis

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3. Global Air Conditioner Brackets Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4. Global Air Conditioner Brackets Market Estimates & Forecast Trend Analysis, by Type

4.1. Global Air Conditioner Brackets Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2023 to 2033

4.1.1. Ordinary angle bracket

4.1.2. Steel plate bracket

4.1.3. Galvanized steel bracket

 

5. Global Air Conditioner Brackets Market Estimates & Forecast Trend Analysis, by Application

5.1. Global Air Conditioner Brackets Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.   Household

5.1.2.   Commercial

 

6. Global Air Conditioner Brackets Market Estimates & Forecast Trend Analysis, by Region

6.1. Global Air Conditioner Brackets Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.   North America

6.1.2.   Europe

6.1.3.   Asia Pacific

6.1.4.   Middle East & Africa

6.1.5.   South America

 

7.     North America Air Conditioner Brackets Market: Estimates & Forecast Trend Analysis

7.1. North America Air Conditioner Brackets Market Assessments & Key Findings

7.1.1. North America Air Conditioner Brackets Market Introduction

7.1.2. North America Air Conditioner Brackets Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By Application

7.1.2.3.  By Country

7.1.2.3.1. The U.S.

7.1.2.3.2. Canada

7.1.2.3.3. Mexico

 

8. Europe Air Conditioner Brackets Market: Estimates & Forecast Trend Analysis

8.1. Europe Air Conditioner Brackets Market Assessments & Key Findings

8.1.1.  Europe Air Conditioner Brackets Market Introduction

8.1.2.  Europe Air Conditioner Brackets Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By Application

8.1.2.3.  By Country

8.1.2.3.1. Germany

8.1.2.3.2. U.K.

8.1.2.3.3. France

8.1.2.3.4. Italy

8.1.2.3.5. Spain

8.1.2.3.6. Russia

8.1.2.3.7. Rest of Europe

 

9. Asia Pacific Air Conditioner Brackets Market: Estimates & Forecast Trend Analysis

9.1. Asia Pacific Market Assessments & Key Findings

9.1.1.   Asia Pacific Air Conditioner Brackets Market Introduction

9.1.2.   Asia Pacific Air Conditioner Brackets Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.  By Type

9.1.2.2.  By Application

9.1.2.3.  By Country

9.1.2.3.1. China

9.1.2.3.2. Japan

9.1.2.3.3. India

9.1.2.3.4. Australia

9.1.2.3.5. South Korea

9.1.2.3.6. ASEAN

9.1.2.3.7. Rest of Asia Pacific

 

10. Middle East & Africa Air Conditioner Brackets Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1. Middle East & Africa Air Conditioner Brackets Market Introduction

10.1.2. Middle East & Africa Air Conditioner Brackets Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.  By Application

10.1.2.3.   By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

 

11. South America Air Conditioner Brackets Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1. South America Air Conditioner Brackets Market Introduction

11.1.2. South America Air Conditioner Brackets Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1. By Type

11.1.2.2.  By Application

11.1.2.3. By Country

11.1.2.3.1. Brazil

11.1.2.3.2.  Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

 

12.  Competition Landscape

12.1. Global Air Conditioner Brackets Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Air Conditioner Brackets Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.  Belkin

13.1.1. Company Overview & Key Stats

13.1.2. Financial Performance & KPIs

13.1.3. Product Portfolio

13.1.4. Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.  DiversiTech Corporation

13.3.  RectorSeal

13.4.  Thermwell Products

13.5.  Qualward

13.6.  Jeacent

13.7.  Ashish International

13.8.  Fschangze

13.9.   Others**

 

14. Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6.  Limitations

14.7.  Report FAQs

 

15. Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

The global air conditioner brackets market was valued at USD 1,510 million in 2022 and is estimated to reach  a value of USD 2,170 by 2033 with a CAGR of 4.5% during the forecast period.

What are the drivers shaping various markets?

The need for air conditioners in residential and commercial buildings has contributed to the expansion of this market.

Who are the key competitors of market Players?

Some of the major players operating within the market are Belkin, DiversiTech Corporation, RectorSeal, Thermwell Products, Qualward, Jeacent, Ashish International, Fschangze, and others.

What are the top performing segments, and countries / regions of each of the markets?

The Middle East region has a significant demand for air conditioner brackets, as the climate in the region is hot and humid, making air conditioning systems essential for residential, commercial, and industrial applications.

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