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China Air Conditioner Market, By Product Type (Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.)), By End-Use Sector (Residential Vs Commercial/Industrial), By Region, Competition, Forecast & Opportunities, 2025

  • ID: 5137624
  • Report
  • August 2020
  • Region: China
  • 73 pages
  • TechSci Research

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The Chinese Air Conditioner Market is Projected to Grow from Around $ 33 Billion in 2020 to $ 42 Billion by 2025.

FEATURED COMPANIES

The Chinese Air Conditioner Market is projected to grow from around $ 33 billion in 2020 to $ 42 billion by 2025 owing to increasing population, rising disposable income, affordable product offerings, technological advancements and growing commercial space across the country. Also, increasing product availability at the e-commerce platforms and easy financing schemes are expected to further expand the air conditioner usage among the lower middle class and middle-class income families in the coming years. Additionally, changing climatic conditions and construction of inbuilt air conditioner and energy-efficient buildings are the other factors expected to propel the demand for air conditioners in China during the forecast period.

Based on the product type, the Chinese Air Conditioner Market is segmented into Splits, VRFs, Chillers, Windows, and Others (Portable, Floor Standing, etc.). In 2019, Split type air conditioners held the largest share in the Chinese Air Conditioner Market due to a wider range offered by the companies with latest technologies in comparison to window type air conditioners. In addition, companies are increasingly manufacturing energy-efficient and affordable air conditioners for the residential segment. Furthermore, VRFs and chiller type air conditioner are the other emerging market segments due to increasing workspaces and rising industrialisation, which will further propel the growth of air conditioner market in the country’s commercial/industrial sector.

Based on the region, the market is segmented into North China, East China, North East China, South Central China, North West China, and South West China. Until 2019, North China held the largest market share in the Chinese Air Conditioner Market due to the region’s higher GDP, living standards, urbanization as well as population base.

Based on the End-Use Sector, the Chinese Air Conditioner Market is segmented into residential sector and commercial/industrial sector. Residential air conditioner segment holds the largest share in China air conditioner market due to rapidly increasing population and real estate construction for residential purpose. However, VRFs and chiller type air conditioner are being highly opted at large commercial spaces such as factories, offices, and institutions due to the cost efficiency for the large-scale electricity consumption.

Some of the leading companies in the Chinese Air Conditioner Market include Gree Electric Appliances Inc, Daikin Air Conditioning Systems (Shanghai) Co., Ltd, Midea Group Co Ltd, Haier Electronics Group Co., Ltd, Shanghai Hitachi Household Appliances Co., Ltd., Mitsubishi Corporation China Co., Ltd, Samsung Engineering Construction (Shanghai) Co., Ltd, Panasonic Corporation of China, LG Electronics (China) Co. Ltd., Toshiba Carrier Air Conditioning (China) Co., Ltd, Sharp Electronics Sales China Co Ltd. among others. Manufacturers are increasing their focus on R&D activities in order to meet the growing demand for energy efficient air conditioners in China.

Years considered for this report:
  • Historical Years: 2015 - 2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021 - 2025
The objective of the Study:
  • To analyze and forecast the market size of the the Chinese Air Conditioner Market.
  • To classify and forecast the Chinese Air Conditioner Market based on By Product Type, By End-Use Sector, and By Region.
  • To identify drivers and challenges for the Chinese Air Conditioner Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Chinese Air Conditioner Market.
  • To identify and analyze the profile of leading players involved in the Chinese Air Conditioner Market
The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of air conditioner manufacturers operating in China. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the service offerings, distribution channels and the presence of all major air conditioner manufacturers across the globe.

The author calculated the market size of the Chinese Air Conditioner Market by using a bottom-up approach, wherein data for various applications across various end-user segments were recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Air Conditioner sellers, distributors and other stakeholders
  • Organizations, forums and alliances related to air conditioner market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Chinese Air Conditioner Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Market, By Product Type
  • Split Air Conditioners
  • VRFs Air Conditioners
  • Chillers Air Conditioners
  • Window Air Conditioners
  • Others (Portable, Floor Standing etc.)
  • Market, By End-Use Sector
  • Residential
  • Commercial/Industrial
Market, By Region:
  • North China
  • East China
  • North East China
  • South Central China
  • North West China
  • South West China
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Chinese Air Conditioner Market.

Available Customizations
With the given market data, the author offers customizations according to a client’s specific needs.

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decisions
4.3. Brand Satisfaction
4.4. Challenges Faced Post Purchase

5. Global Air Conditioner Market Overview

6. China Air Conditioner Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Type (Splits, VRFs, Chillers, Windows, and Others)
6.2.2. By End-Use Sector (Residential Vs Commercial/Industrial)
6.2.3. By Region (North China, East China, North East China, South Central China, North West China, South West China)
6.2.4. By Company
6.3. Market Attractiveness Index
6.3.1. By Product Type
6.3.2. By Region

7. China Split Air Conditioner Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
7.3. Product Benchmarking

8. China VRFs Air Conditioner Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
8.3. Product Benchmarking

9. China Chillers Air Conditioner Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End Use Sector (Residential Vs Commercial/Industrial)
9.3. Product Benchmarking

10. China Windows Air Conditioner Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By End Use Sector (Residential Vs Commercial/Industrial)

11. China Others Air Conditioner Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume

12. Supply Chain Analysis

13. Import-Export Analysis

14. Market Dynamics
14.1. Drivers
14.2. Challenges

15. Market Trends & Developments

16. Policy & Regulatory Landscape

17. China Economic Profile

18. Competitive Landscape
18.1. Company Profiles
18.1.1. Gree Electric Appliances Inc
18.1.2. Daikin Air Conditioning Systems (Shanghai) Co., Ltd
18.1.3. Midea Group Co Ltd
18.1.4. Haier Electronics Group Co., Ltd
18.1.5. Shanghai Hitachi Household Appliances Co., Ltd.
18.1.6. Mitsubishi Corporation China Co., Ltd
18.1.7. Samsung Engineering Construction (Shanghai) Co., Ltd
18.1.8 Panasonic Corporation of China
18.1.9. LG Electronics (China) Co. Ltd.
18.1.10 Toshiba Carrier Air Conditioning (China) Co., Ltd
18.1.11. Sharp Electronics Sales China Co Ltd

19. Strategic Recommendations

List of Figures
Figure 1: Global Air Conditioner Market Size, By Value (USD Billion), By Volume (Million Units), 2012-2017
Figure 2: Global GDP Per Capita (Current USD)
Figure 3: China Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units),
2015-2025F
Figure 4: China Air Conditioner Market Share, By Product Type, By Volume, 2015-2025F
Figure 5: China Air Conditioner Market Share, By End Use Sector, By Volume, 2015-2025F
Figure 6: China Air Conditioner Market Share, By Region, By Value, 2015-2025F
Figure 7: China Air Conditioner Market Share, By Company, By Value, 2017 & 2025F
Figure 8: China Air Conditioner Market Attractiveness Index, By Product Type, By Volume, 2017-2025F
Figure 9: China Air Conditioner Market Attractiveness Index, By Region, By Value, 2017-2025F
Figure 10: China Split Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F
Figure 11: China Split Air Conditioner Market Share, By End Use Sector, By Volume, 2015-2025F
Figure 12: China VRFs Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F
Figure 13: China VRFs Air Conditioner Market Share, By End Use Sector, By Volume, 2015-2025F
Figure 14: China Chillers Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F
Figure 15: China Chillers Air Conditioner Market Share, By End Use Sector, By Volume, 2015-2025F
Figure 16: China Window Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F
Figure 17: China Window Air Conditioner Market Share, By End Use Sector, By Volume, 2015-2025F
Figure 18: China Other Air Conditioner Market Size, By Value (USD Million), By Volume (Million Units), 2015-2025F
Note: Product cover images may vary from those shown
  • Gree Electric Appliances Inc
  • Daikin Air Conditioning Systems (Shanghai) Co., Ltd
  • Midea Group Co Ltd
  • Haier Electronics Group Co., Ltd
  • Shanghai Hitachi Household Appliances Co., Ltd.
  • Mitsubishi Corporation China Co., Ltd
  • Samsung Engineering Construction (Shanghai) Co., Ltd
  • Panasonic Corporation of China
  • LG Electronics (China) Co. Ltd.
  • Toshiba Carrier Air Conditioning (China) Co., Ltd
  • Sharp Electronics Sales China Co Ltd
Note: Product cover images may vary from those shown
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