Market Overview:
The global wall-mounted air conditioner market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling solutions, rising disposable income, and growing awareness about health and hygiene. In terms of type, the single cooling air conditioner segment is expected to lead the market during the forecast period owing to its low installation cost as compared to other types of air conditioners. In terms of application, household use is projected to be the largest segment during the forecast period owing to rising demand for comfort cooling in residential buildings across regions.
Product Definition:
A wall-mounted air conditioner is a type of air conditioning unit that is mounted on or near the wall. It is often used in small spaces, such as apartments and condos.
Single Cooling Air Conditioner:
Single cooling air conditioner is a device that provides both cooling and heating functions in one appliance. It's major advantage is to save energy by reducing the amount of power needed for heating or cooling. This results in lower utility bills and reduced environmental impact, which makes it an ideal choice for consumers looking to reduce their carbon footprint.
The global market for single-cooling air conditioners was valued at USD 2 billion in 2015.
Heating and Cooling Air Conditioner:
The global heating and cooling air conditioner and it's usage in wall-mounted air conditioners market size was valued at USD 7.5 billion in 2016. The rising demand for energy-efficient products is expected to be a key factor driving the growth of this market over the forecast period.
Increasing disposable income, particularly in emerging regions such as Asia Pacific, Latin America,.
Application Insights:
The commercial use segment dominated the global wall-mounted air conditioner market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in the number of hotels and restaurants across various regions, including Asia Pacific, North America and Europe. Furthermore, a rise in construction of new commercial spaces such as offices is expected to drive demand for HVAC systems over the forecast period.
Household use accounted for more than 40% share of global volume in 2017 owing to rising urbanization due to migration from rural areas as well as from abroad who come.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing awareness regarding the product benefits and features along with growing real estate sector in countries such as China, India, Indonesia, Malaysia and Thailand. Moreover, rising disposable income levels in these countries will drive the market further.
North America is projected to witness significant growth over the forecast period owing to high consumer awareness regarding energy conservation along with changing weather conditions in this region will drive demand for air conditioners every year. Europe also has a prominent share of global wall-mounted air conditioner industry due to its large size and densely populated cities especially Germany which accounts for maximum sales across all regions on account of its advanced infrastructure coupled with high purchasing power parity ratio’s (PPP).
Growth Factors:
- Increasing demand for energy-efficient appliances: The global market for air conditioners is expected to grow at a CAGR of more than 5% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient appliances, especially in developing countries such as China and India.
- Rising income levels and growing urbanization: Another key factor driving the growth of the global air conditioner market is the rising income levels and growing urbanization across different regions of the world. This has led to an increase in demand for premium air conditioners that offer better performance and features.
- Stringent government regulations on energy consumption: Governments across different regions are implementing stringent regulations on energy consumption, which is leading to an increase in demand for high-efficiency air conditioners. For instance, Europe has introduced directives such as ErP (Energy Related Products) Directive 2009/125/EC that mandate minimum efficiency standards for various types of electrical equipment, including air conditioners .
- Growing awareness about health benefits of using airconditioners: There is a growing awareness among consumers about the health benefits of using airconditioners, especially during summer months when temperatures soar high up into the 40s Celsius range . This is resulting in an increase in sales of room ACs with higher cooling capacities .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wall-Mounted Air Conditioner Market Research Report
By Type
Single Cooling Air Conditioner, Heating and Cooling Air Conditioner
By Application
Household Use, Commercial Use
By Companies
Midea Group, Daikin, Haier, Hisense, Chigo, TCL Technology, Panasonic, Mitsubishi, Johnson Control, Carrier Global, Midea Group
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Wall-Mounted Air Conditioner Market Report Segments:
The global Wall-Mounted Air Conditioner market is segmented on the basis of:
Types
Single Cooling Air Conditioner, Heating and Cooling Air Conditioner
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
Household Use, Commercial Use
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:
- Midea Group
- Daikin
- Haier
- Hisense
- Chigo
- TCL Technology
- Panasonic
- Mitsubishi
- Johnson Control
- Carrier Global
- Midea Group
Highlights of The Wall-Mounted Air Conditioner 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:
- Single Cooling Air Conditioner
- Heating and Cooling Air Conditioner
- By Application:
- Household Use
- Commercial Use
- 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 Wall-Mounted Air Conditioner 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A wall-mounted air conditioner is a type of air conditioning unit that is mounted on the inside or outside of a building. This type of air conditioning unit typically uses less energy than other types, and it can be more efficient if it is properly installed.
Some of the major players in the wall-mounted air conditioner market are Midea Group, Daikin, Haier, Hisense, Chigo, TCL Technology, Panasonic, Mitsubishi, Johnson Control, Carrier Global, Midea Group.
The wall-mounted air conditioner 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 Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size & Forecast, 2018-2028
4.5.1 Wall-Mounted Air Conditioner Market Size and Y-o-Y Growth
4.5.2 Wall-Mounted Air Conditioner Market Absolute $ Opportunity
Chapter 5 Global Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Type
5.2.1 Single Cooling Air Conditioner
5.2.2 Heating and Cooling Air Conditioner
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Applications
6.2.1 Household Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Analysis and Forecast
9.1 Introduction
9.2 North America Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Type
9.6.1 Single Cooling Air Conditioner
9.6.2 Heating and Cooling Air Conditioner
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 Wall-Mounted Air Conditioner Market Size Forecast by Applications
9.10.1 Household Use
9.10.2 Commercial Use
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 Wall-Mounted Air Conditioner Analysis and Forecast
10.1 Introduction
10.2 Europe Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Type
10.6.1 Single Cooling Air Conditioner
10.6.2 Heating and Cooling Air Conditioner
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 Wall-Mounted Air Conditioner Market Size Forecast by Applications
10.10.1 Household Use
10.10.2 Commercial Use
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 Wall-Mounted Air Conditioner Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Type
11.6.1 Single Cooling Air Conditioner
11.6.2 Heating and Cooling Air Conditioner
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 Wall-Mounted Air Conditioner Market Size Forecast by Applications
11.10.1 Household Use
11.10.2 Commercial Use
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 Wall-Mounted Air Conditioner Analysis and Forecast
12.1 Introduction
12.2 Latin America Wall-Mounted Air Conditioner 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 Wall-Mounted Air Conditioner Market Size Forecast by Type
12.6.1 Single Cooling Air Conditioner
12.6.2 Heating and Cooling Air Conditioner
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 Wall-Mounted Air Conditioner Market Size Forecast by Applications
12.10.1 Household Use
12.10.2 Commercial Use
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) Wall-Mounted Air Conditioner Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wall-Mounted Air Conditioner 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) Wall-Mounted Air Conditioner Market Size Forecast by Type
13.6.1 Single Cooling Air Conditioner
13.6.2 Heating and Cooling Air Conditioner
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) Wall-Mounted Air Conditioner Market Size Forecast by Applications
13.10.1 Household Use
13.10.2 Commercial Use
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 Wall-Mounted Air Conditioner Market: Competitive Dashboard
14.2 Global Wall-Mounted Air Conditioner Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Midea Group
14.3.2 Daikin
14.3.3 Haier
14.3.4 Hisense
14.3.5 Chigo
14.3.6 TCL Technology
14.3.7 Panasonic
14.3.8 Mitsubishi
14.3.9 Johnson Control
14.3.10 Carrier Global
14.3.11 Midea Group
