Asia Pacific Air Conditioner Market Report and Forecast 2025-2034

Asia Pacific Air Conditioner Growth

The Asia Pacific air conditioner market growth is being propelled by the rising net disposable income of individuals in this region. There is a rapid shift in the lifestyle of people in this region. The growth in this region is driven by China, India, and Japan, which together account for more than one-third of the world’s population.

In the business sector, many companies have started opening their headquarters in this region due to better taxation policy, and the availability of labourers which make them install air conditioning in the workplace, thereby boosting air conditioner sales in commercial space in upcoming years.

Policies in the Asia Pacific region, such as the Production Linked Incentive (PLI) Scheme by the Government of India, which allocated about $855 million for the promotion of domestic manufacturing of air conditioners in India, provide a major boost to the adoption of air conditioners sales. This enables companies to offer products at competitive prices.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

Asia Pacific Air Conditioner Market Trends

As per the reports from IEA and other sources, there is a strong demand for air conditioners in both residential and commercial space, this growth will continue to thrive as there is a significant increase in per capita income across Asia Pacific nations.

Air conditioners offer a better lifestyle and provide health benefits like eliminating particulate matter from the air. Continued changes in climatic conditions and rising global warming conditions, it will continue fuelling demand for air conditioners across the Asia Pacific.

Moreover, the increasing population and a notable rise in disposable income among individuals in these countries will further boost the demand for air conditioners.

Asia Pacific Air Conditioner Market Segmentation

Asia Pacific Air Conditioner Market Share

The window AC and split AC are driving the Asia Pacific air conditioner market growth by providing cost-effective, agile, and readily deployable HVAC solutions across residential and commercial space.

Window ACs find their application in rooms with proper window space and good air circulation, making them suitable for smaller rooms. They require less maintenance compared to other types and are generally manufactured to target the price-sensitive market. They have a maximum capacity of 2 tons.

Split ACs find their application where energy efficiency is an important factor. There is no capacity limitation for split ACs, but their maintenance cost is high. They are less noisy compared to window ACs since the compressor component is not in a single unit. They are known for their durability and cooling efficiency.

Centralized ACs are used by large organizations such as workplaces and complexes, finding their application where energy efficiency is crucial and serving a very large area. They have filters to improve the quality of air by removing allergens. They are placed where aesthetics is a factor in selecting ACs.

Based on end use, the Asia Pacific air conditioner market share is led by the residential and commercial spaces.

As the net disposable income of households is increasing across Asia Pacific there is a significant rise in demand for air conditioners. Many companies started setting up their headquarters and offices across this region which is contributing to the growth of the air conditioners market in Asia Pacific.

Based on distribution channels, Asia Pacific air conditioner market share dynamics are changing rapidly across different sales channels. After digitalization and better internet connectivity options, there is a change in the trend of sales across different channel

Online distribution channels are boosting the growth of the air conditioner market by allowing people to understand products better and providing them more flexibility to compare products.

Companies also started to open their exclusive stores as Asia Pacific is still evolving in the digital economy and offline retail channels hold a good percentage of market share.

Leading manufacturers in the Asia Pacific Air Conditioner Market

Other Asia Pacific air conditioner market key players are Daikin Industries, Ltd, Samsung Electronics Co. Ltd, Panasonic Holdings Corporation, Johnson Controls International Plc, and Mitsubishi Electric Corp, among others.

Asia Pacific Air Conditioner Market Analysis by Region

With rising income in countries like China and India, there is a significant change in the lifestyle of their population a large chunk of the population is moving out of poverty providing a good boost to sales of air conditioners.

According to the Asian Development Bank 2050 Asia per capita income could rise sixfold in purchasing power parity (PPP) terms to reach Europe’s levels today and this growth will led by China, Japan, India, ASEAN, and Australia. This will create a massive opportunity for Air Conditioner manufacturers to capture these markets.

As per the Asia Pacific air conditioner market report, Asia Pacific boasts a growing air conditioner industry, particularly in China and India, along with investments and schemes by governments. This dynamic ecosystem encourages ongoing innovation and competition. The region's expansive landscapes and diverse population needs will drive demand for air conditioners.