Air conditioner market in ASEAN-6 to be worth $9.1 B by 2023

reogma|Air conditioner market in ASEAN-6 to be worth $9.1 B by 2023

The Market Size of the ASEAN-6 air conditioning Market is estimated to be US$ 6.94 Billion in 2019 and is expected to grow at a healthy CAGR of 7% to reach a Market Size of US$ 9.1 Billion in 2023

  • Definition / Scope
  • Market Overview
  • Key Metrics
  • Market Risks
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

The Air Conditioner Market in Asean-6 Countries (including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) is currently in the growth stage and is expected to grow at a CAGR of 7% in the forecast period (2019 to 2023).

Economic diversification, robust domestic private spending, and the implementation of planned infrastructure initiatives on account of several government plans such as Indonesia Vision 2045 and Vietnam Vision 2035 are expected to augur well for the growth of the air conditioner market in the Asean-6 countries.

The Asean-6 Countries Air Conditioner market is being led by Japanese Manufacturers and is heavily challenged by other Korean, American and Chinese competitors. While Singapore is the most mature market for ASEAN-6 countries, Indonesia and Vietnam are the biggest markets in terms of revenue and growth rate.   


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The Market Size of the ASEAN-6 air conditioning Market is estimated to be US$ 6.94 Billion in 2019 and is expected to grow at a healthy CAGR of 7% to reach a Market Size of US$ 9.1 Billion in 2023 Definition / Scope Market Overview Key Metrics Market Risks Market […]
reogma|Air conditioner market in ASEAN-6 to be worth $9.1 B by 2023reogma|Air conditioner market in ASEAN-6 to be worth $9.1 B by 2023

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