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Outdoor Air Conditioner Market Size - By Application (frequency conversion, constant frequency), By Type (outdoor work, outdoor leisure) & Region – Forecasts By -2030

  • PUBLISHED ON
  • 2024-03-07
  • NO OF PAGES
  • 259
  • CATEGORY
  • Electronics & Communication
Market- Overview

Outdoor 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.

Due to rising temperatures brought on by global warming, air conditioners are becoming more and more necessary rather than a luxury, which is driving the global demand for them. Air conditioners are needed in both residential and business settings.

The increased demand for air conditioners is therefore driving the market's expansion due to growing consumer awareness of energy-efficient cooling systems that not only help reduce electricity bills but are also environmentally sustainable and come with air filters to improve air quality.

A key factor driving the market's growth is the availability of air conditioners in a variety of sizes and designs, as well as rising purchasing power and disposable incomes.

Outdoor Air Conditioner Market- Key trends

Increase in the average spending power of consumers in major economies will drive the market expansion

The consumer durables market has also flourished as a result of rising consumer spending power across major nations. The middle class and lower income groups in growing and densely populated nations like India and China have seen their income levels rise, which has in turn increased expenditure on convenience and comfort. In the underserved markets, this development has turned out to be a promising future for the air conditioning sector.

Stringent regulations for emission control are being adopted worldwide will help the market growth

All around the world, strict emission control measures are being imposed. The makers of air conditioning units are spending money on research and development projects to create and implement new technologies for lowering the emission level from the units.

Outdoor Air Conditioner Market- Segmental assessment

By type
• Frequency conversion
• Constant frequency
• Others

By application
• Outdoor work
• Outdoor leisure
• Others

Outdoor 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.

Outdoor Air Conditioner Market- Competitive landscape

The prominent companies defining the competitive terrain of this marketplace are Vertiv, Envicool, Canatal, Airsys, YMK, Gree, Guangdong Shenling, Stulz, Renovoair, Hisense, Guangdong Jirong, iTeaQ, and others.

Report scope

Global Outdoor Air Conditioner Market: Historical Years- 2018-2021
Global Outdoor Air Conditioner Market: Forecast Years- 2022-2030

Key segments covered-
1) By application (frequency conversion, constant frequency, and others).
2) By type (outdoor work, outdoor leisure, 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 Outdoor Air Conditioner Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Outdoor Air Conditioner Market Definition & Description

1.3.  Global Outdoor Air Conditioner Market Scope and Market Estimation

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

1.3.2.     Global Outdoor 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 Outdoor Air Conditioner Market

1.4.2.     Application of Global Outdoor Air Conditioner Market

1.4.3.     Region of Global Outdoor Air Conditioner Market

 

2.     Executive Summary

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

 

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

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

4.1.1.     Frequency conversion

4.1.2.     Constant frequency

 

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

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

5.1.1.     Outdoor work

5.1.2.     Outdoor leisure

            

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

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

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

7.1.1.     North America Outdoor Air Conditioner Market Introduction

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

8.1.  Europe Outdoor Air Conditioner Market Assessments & Key Findings

8.1.1.     Europe Outdoor Air Conditioner Market Introduction

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

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Outdoor Air Conditioner Market Introduction

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

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Outdoor Air Conditioner Market Introduction

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

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Outdoor Air Conditioner Market Introduction

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

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

 

13.  Company Profiles

13.1.    Vertiv

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.    Envicool

13.3.    Canatal

13.4.    Airsys

13.5.    YMK

13.6.    Gree

13.7.    Guangdong Shenling

13.8.    Stulz

13.9.    Renovoair

13.10.  Hisense

13.11.  Guangdong Jirong

13.12.  iTeaQ

13.13.  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
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  • 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 Outdoor 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?

Increase in the average spending power of consumers in major economies will drive the market expansion. The consumer durables market has also flourished as a result of rising consumer spending power across major nations.

Who are the key competitors of market Players?

Some of the major players operating within the market 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.

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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