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Global Air Conditioner Brackets Market- Overview
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. 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.
Global 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 the upcoming years
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.
Global 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.
Global 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.
Global 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.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Production Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
Company Share Analysis from 2018-2022
Company Analysis by Revenue and Sales
Company Production Capacity, Gross Margin
Company Share Analysis by Application/End Use
Company Share Analysis by Product/Specification
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
