South Korea Air Conditioner Market Report and Forecast 2025-2034

South Korea Air Conditioner Market Growth

South Korea air conditioner market growth may come from a steady increase in the number of houses constructed in the domestic region, including single houses, multiplex houses, and apartment buildings among others.

Rising temperatures across the country also raise concerns among the citizens as more and more invest in air conditioning  to combat extreme heat waves and weather conditions coupled with concerns about sustainability.

BUILDINGS CONSTRUCTION COMPLETION IN SOUTH KOREA, SEPTEMBER 2023 - FEBRUARY 2024

As per the data provided by the Korean Statistical Information Service (KOSIS), the buildings that completed construction in February 2024 stood at 38,729 up from the numbers of January 2024 which stood at 36,762. Higher construction rates are likely to provide higher growth rates for the South Korea air conditioner market.

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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.

Key Trends and Developments

South Korea Air Conditioner Market Trends

According to the South Korean air conditioner market analysis, escalating temperatures and heat waves are spurring consumer demand for cooling solutions, fuelled by heightened awareness of climate issues.

The influx of foreign firms is tapping into South Korea's growing need for cutting-edge cooling technology. Concurrently, mergers among domestic players are bolstering their position and fostering innovation, leading to more localized production.

Advancements in sustainability and efficiency are empowering both consumers and businesses to confront climate challenges effectively. Particularly during heatwaves, there is a notable surge in commercial usage, highlighting the indispensable role of air conditioning in South Korea.

South Korea Air Conditioner Industry Segmentation

South Korea Air Conditioner Market Share

Distribution channels play a significant role in shaping the South Korea air conditioner market, with hypermarkets and supermarkets as they cater to both individual customers and businesses.

Hypermarkets and supermarkets serve as convenient hubs for consumers in South Korea, offering a diverse selection of air conditioning products under one roof to meet their immediate cooling requirements.

Meanwhile, online channels like eBay and Amazon provide accessibility and convenience to consumers, enabling them to browse and purchase air conditioners from any location at their convenience.

The South Korea air conditioner market growth is led by central air conditioners primarily for commercial usage and window and mini split air conditioners for residential usage.

Central air conditioners are engineered to uniformly cool entire buildings, ensuring consistent temperatures throughout multiple rooms or floors. They are frequently employed in expansive commercial structures.

In contrast, window air conditioners are tailored to cool individual rooms or smaller areas by being directly mounted onto windows. They are favoured by residential users seeking rapid and effective cooling solutions.

The South Korea air conditioner market growth is driven by commercial as the region is expected to witness an increase in air conditioning usage as a strategy to mitigate escalating temperatures.

Commercial air conditioning in South Korea serves businesses, hotels, and public areas, driven by the necessity for climate regulation to guarantee comfort for employees, guests, and customers.

Residential air conditioning meets the cooling requirements of homes and apartments, offering residents relief from extreme temperatures while enhancing indoor comfort.

Leading manufacturers in the South Korea Air Conditioner Market

Other South Korea Air conditioner market key players are LG Corporation, Samsung Electronics Co. Ltd., Panasonic Holdings Corporation, Daikin Industries, Ltd., Haier Group Corp., and Johnson Controls International Plc among others.