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
- 2024-08-08
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- 219
- CATEGORY
- Electronics & Communication
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.
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
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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).
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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.
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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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