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Energy Saving Air Conditioner Market Size - By application (household, commercial), By type (level 1 energy efficiency, level 2 energy efficiency, level 3 energy efficiency) & Region – Forecasts By - 2030

  • PUBLISHED ON
  • 2023-08-08
  • NO OF PAGES
  • 219
  • CATEGORY
  • Electronics & Communication
Energy Saving Air Conditioner Market- Overview

The Global Energy Saving Air Conditioner Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over form 2022-2030.

The increase in the world's urban population is one of the key reasons fuelling the market's expansion. Another factor promoting the expansion of the air conditioning industry, particularly in emerging nations worldwide, is ongoing technological developments to reduce component size and price to boost the affordability of ACs by middle-income people.

The market dominance of inverter AC is credited with driving market expansion. Due to their effectiveness and energy-saving features, inverter-based air conditioners are being used more and more in different parts of the world. Compressors with variable speeds, as opposed to on/off systems, can maintain more precise temperature control.

Energy Saving Air Conditioner- Description

In recent years, air conditioners have developed into a crucial appliance for every home. Their use greatly contributes to being fresh and effective throughout the day in addition to helping us warm ourselves in the winter and maintain a pleasant temperature in the summer. It is therefore no accident that we can see their use in several restaurants, shopping centres, business buildings, and residential structures.

Energy Saving Air Conditioner Market- Key Trends

More use of Air-conditioner in the household will aid the market growth

Cost-effectiveness, quick temperature control and start-up times, quieter operation, and higher stability are some advantages of inverter air conditioning. As a result, inverter AC use rises, driving the air conditioning industry. The reason for this sudden increase in demand for inverter AC is due to factors like governmental laws and the benefits of saving energy.

Government regulations are playing significant role in boosting air conditioning industry

Government laws are also a major factor in the growth of the air conditioning business. New requirements for air conditioning systems have been established, enabling them to use less electricity and operate better. For instance, Japan has laws that mandate air conditioners be set at a particular temperature based on the time of year. The EU has laws governing cooling, heating, and the emission of dangerous gases. Government-set criteria for environmental preservation and climate friendliness give the air conditioning market a lot of room to grow.

Energy Saving Air Conditioner Market- Segmental assessment

By type
• Level 1 energy efficiency
• Level 2 energy efficiency
• Level 3 energy efficiency
• Others

By application
• Household
• Commercial
• Others

Energy Saving Air Conditioner 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.

Energy Saving Air Conditioner Market- Competitive landscape

The prominent companies defining the competitive terrain of this marketplace are Daikin, COOL NOMIX, Coleman, Goodman, Airwell, Ductair, Panasonic, Fujitsu General, Ruud, JohnsonControls, Mitsubishi, Chiltrix Inc, SustainE, Toshiba, Friedrich, Gree, Haier, and others.

Report scope
Global Energy Saving Air Conditioner Market: Historical Years- 2018-2021
Global Energy Saving Air Conditioner Market: Forecast Years- 2022-2030

Key segments covered-
1) By application (household, commercial, and others).
2) By type (level 1 energy efficiency, level 2 energy efficiency, level 3 energy efficiency, and others).

Major regions and countries reported-

1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)


1.     Global Energy Saving Air Conditioner Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Energy Saving Air Conditioner Market Definition & Description

1.3.  Global Energy Saving Air Conditioner Market Scope and Market Estimation

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

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

1.4.  Market Segmentation

1.4.1.     Equipment Type of Global Energy Saving Air Conditioner Market

1.4.2.     Application of Global Energy Saving Air Conditioner Market

1.4.3.     Region of Global Energy Saving Air Conditioner Market

 

2.     Executive Summary

2.1.  Global Energy Saving Air Conditioner 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 Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market Estimates & Historical Trend Analysis (2020 - 2022)

 

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

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

4.1.1.     Level 1 energy efficiency

4.1.2.     Level 2 energy efficiency

4.1.3.     Level 3 energy efficiency

 

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

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

5.1.1.     Household

5.1.2.     Commercial

            

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

6.1.  Global Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market: Estimates & Forecast Trend Analysis

7.1.  North America Energy Saving Air Conditioner Market Assessments & Key Findings

7.1.1.     North America Energy Saving Air Conditioner Market Introduction

7.1.2.     North America Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market: Estimates & Forecast Trend Analysis

8.1.  Europe Energy Saving Air Conditioner Market Assessments & Key Findings

8.1.1.     Europe Energy Saving Air Conditioner Market Introduction

8.1.2.     Europe Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Energy Saving Air Conditioner Market Introduction

9.1.2.     Asia Pacific Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Energy Saving Air Conditioner Market Introduction

10.1.2.  Middle East & Africa Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Energy Saving Air Conditioner Market Introduction

11.1.2.  South America Energy Saving Air Conditioner 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 Energy Saving Air Conditioner Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

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

 

13.  Company Profiles

13.1.    Daikin

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.    COOL NOMIX

13.3.    Coleman

13.4.    Goodman

13.5.    Airwell

13.6.    Ductair

13.7.    Panasonic

13.8.    Fujitsu General

13.9.    Ruud

13.10.  JohnsonControls

13.11.  Mitsubishi

13.12.  Chiltrix Inc

13.13.  SustainE

13.14.  Toshiba

13.15.  Friedrich

13.16.  Gree

13.17.  Haier

13.18.  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 Energy Saving Air Conditioner Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) of over form 2022-2030.

What are the drivers shaping various markets?

Cost-effectiveness, quick temperature control and start-up times, quieter operation, and higher stability are some advantages of inverter air conditioning.

Who are the key competitors of market Players?

Some of the major players operating within the market are Daikin, COOL NOMIX, Coleman, Goodman, Airwell, Ductair, Panasonic, Fujitsu General, Ruud, JohnsonControls, Mitsubishi, Chiltrix Inc, SustainE, Toshiba, Friedrich, Gree, Haier, and others.

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

North America is projected to capture a substantial revenue share over 2022-2030.

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