Market Overview:
The global air conditioner accessories market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for air conditioners, especially in developing countries. Additionally, the growing awareness about energy-efficient air conditioners is also contributing to the growth of this market. The global air conditioner accessories market can be segmented on the basis of type, application and region. On the basis of type, the market can be divided into refrigerant, compressor, condenser coil, expansion valve and evaporator coil. The refrigerant segment is expected to account for a major share of this market during the forecast period owing to its high demand in commercial and residential applications alike. On the basis of application, commercial applications are expected to account for a major share of this market duringthe forecast period owingto their growing popularity across various regions worldwide.
Product Definition:
Air Conditioner Accessories are the devices that help in the smooth functioning of an air conditioner. Some of these accessories are filters, remote controls, thermostats and window units. Air Conditioner Accessories help to keep the air clean and also maintain a comfortable temperature inside the room.
Refrigerant:
Refrigerant is a substance that can be used to lower the temperature of a refrigeration system. It is also known as an anti-freezing agent. Refrigerants are classified into two types based on their molecular structure: gases and liquids. The most commonly used refrigerant in air conditioners and heat pumps is R-290 (sulfur hexafluoride).
Compressor:
A compressor is an essential part of an air conditioner. It is used to increase the pressure or volume of a gas, which aids in increasing the efficiency and performance of the air conditioner. The working principle behind it is that compressed gas at a certain pressure level will expand to occupy more space when it gets converted into low-pressure state.
Application Insights:
The commercial application segment dominated the global air conditioner accessories market in 2017, accounting for more than 60.0% share of the total revenue. The residential sector is expected to witness significant growth over the forecast period owing to increasing urbanization and rising disposable income levels in developing countries including China, India and Brazil. This factor has led to an increase in demand for air conditioners among residential as well as commercial establishments globally.
The other application segment includes automotive, industrial and other applications such as data centers or educational institutions that use HVAC systems for cooling or heating purposes respectively. Increasing technological advancements coupled with growing product awareness among consumers are anticipated to drive demand from this segment over the forecast period significantly contributing towards overall market growth during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in commercial and residential construction activities, which is driving the demand for air conditioners. Furthermore, rising disposable income levels are anticipated to fuel product sales across this region.
North America accounted for a significant share of revenue in 2017 owing to high consumer awareness regarding climate change and environmental protection coupled with an increasing focus on energy conservation measures by various governments across this region. These factors are likely to result in a moderate growth rate during the forecast period.
Growth Factors:
- Increasing demand for energy-efficient air conditioners
- Rising disposable income of consumers in developing countries
- Proliferation of retail stores and online platforms
- Growing popularity of smart home appliances
- Technological advancements in air conditioner accessories
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Conditioner Accessories Market Research Report
By Type
Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
By Application
Commercial, Residential, Other
By Companies
Daikin, LG, Panasonic, York, Hitachi, Trane, Mitsubishi, Whirlpool, Toshiba, Electrolux, Fujitsu, Midea
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Air Conditioner Accessories Market Report Segments:
The global Air Conditioner Accessories market is segmented on the basis of:
Types
Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daikin
- LG
- Panasonic
- York
- Hitachi
- Trane
- Mitsubishi
- Whirlpool
- Toshiba
- Electrolux
- Fujitsu
- Midea
Highlights of The Air Conditioner Accessories Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigerant
- Compressor
- Condenser Coil
- Expansion Valve
- Evaporator Coil
- By Application:
- Commercial
- Residential
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Conditioner Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air Conditioner Accessories are items that are used to improve the performance or function of an air conditioner. These may include filters, fans, and other components.
Some of the key players operating in the air conditioner accessories market are Daikin, LG, Panasonic, York, Hitachi, Trane, Mitsubishi, Whirlpool, Toshiba, Electrolux, Fujitsu, Midea.
The air conditioner accessories market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Conditioner Accessories Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Conditioner Accessories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Conditioner Accessories Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Conditioner Accessories Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Conditioner Accessories Market Size & Forecast, 2018-2028
4.5.1 Air Conditioner Accessories Market Size and Y-o-Y Growth
4.5.2 Air Conditioner Accessories Market Absolute $ Opportunity
Chapter 5 Global Air Conditioner Accessories Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Conditioner Accessories Market Size Forecast by Type
5.2.1 Refrigerant
5.2.2 Compressor
5.2.3 Condenser Coil
5.2.4 Expansion Valve
5.2.5 Evaporator Coil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Conditioner Accessories Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Conditioner Accessories Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Conditioner Accessories Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Conditioner Accessories Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Conditioner Accessories Analysis and Forecast
9.1 Introduction
9.2 North America Air Conditioner Accessories Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Conditioner Accessories Market Size Forecast by Type
9.6.1 Refrigerant
9.6.2 Compressor
9.6.3 Condenser Coil
9.6.4 Expansion Valve
9.6.5 Evaporator Coil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Conditioner Accessories Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Conditioner Accessories Analysis and Forecast
10.1 Introduction
10.2 Europe Air Conditioner Accessories Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Conditioner Accessories Market Size Forecast by Type
10.6.1 Refrigerant
10.6.2 Compressor
10.6.3 Condenser Coil
10.6.4 Expansion Valve
10.6.5 Evaporator Coil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Conditioner Accessories Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Conditioner Accessories Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Conditioner Accessories Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Conditioner Accessories Market Size Forecast by Type
11.6.1 Refrigerant
11.6.2 Compressor
11.6.3 Condenser Coil
11.6.4 Expansion Valve
11.6.5 Evaporator Coil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Conditioner Accessories Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Conditioner Accessories Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Conditioner Accessories Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Conditioner Accessories Market Size Forecast by Type
12.6.1 Refrigerant
12.6.2 Compressor
12.6.3 Condenser Coil
12.6.4 Expansion Valve
12.6.5 Evaporator Coil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Conditioner Accessories Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Conditioner Accessories Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Conditioner Accessories Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Conditioner Accessories Market Size Forecast by Type
13.6.1 Refrigerant
13.6.2 Compressor
13.6.3 Condenser Coil
13.6.4 Expansion Valve
13.6.5 Evaporator Coil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Conditioner Accessories Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Conditioner Accessories Market: Competitive Dashboard
14.2 Global Air Conditioner Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daikin
14.3.2 LG
14.3.3 Panasonic
14.3.4 York
14.3.5 Hitachi
14.3.6 Trane
14.3.7 Mitsubishi
14.3.8 Whirlpool
14.3.9 Toshiba
14.3.10 Electrolux
14.3.11 Fujitsu
14.3.12 Midea
