Latin America Air Conditioner Market is projected to register a substantial CAGR in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026
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Drivers: Latin America Air Conditioner Market
- Higher efficiency of Hybrid ACs
- Boom of ac’s in the commercial building constructions in Latin America
Restraint:
- Low replacement rate due to high lifespan of air conditioner
Opportunity:
- Emerging demand for audio system enabled Ac’s
Challenge:
- Higher electricity leads to lower demand
Market Trends:
Latin America air conditioner market is segmented into seven notable segments which are type, duct type, capacity, technology, component, distribution channel and end-user.
- On the basis of type, the market is segmented into portable AC, window AC, packaged AC, airside AC, split AC, floor mounted units, cassettes, inverter AC, centralized and others. Split AC is dominating the Latin America air conditioner market.
- On the basis of duct type, the market is segmented into ductless and ducted
- On the basis of capacity, the market is segmented into Upto 1 ton, 1.1 to 1.5 ton, 1.6 to 2 ton and above 2 ton
- On the basis of technology, the market is segmented into manual and automatic
- On the basis of component, the market is segmented into compressor, evaporator, drier/receiver, condenser, air handling unit, duct system and others
- On the basis of distribution channel, the market is segmented into online, specialty stores, retail outlets, distributors/dealers, real estate developers, housing decoration enterprises and others
- On the basis of end-user, the market is segmented into residential, commercial, industrial and government & transportation
Key Market Players: Latin America Air Conditioner Market
The key market players for Latin America air conditioner market are listed below:
- Whirlpool Corporation
- Johnson Controls
- Samsung
- LG Electronics
- Panasonic Corporation
- Godrej & Boyce Mfg. Co. Ltd.
- AB Electrolux
- Hitachi, Ltd.
- Haier Inc.
- Midea Group
- Mitsubishi Electric Corporation
- Robert Bosch GMBH
- Lennox International
- DAIKIN INDUSTRIES, Ltd.
- MODINE MANUFACTURING COMPANY
- DAEWOO ELECTRONICS CO. LTD.
- United Technologies
- Ventisol
- GREE ELECTRIC APPLIANCES, INC.
- Hisense
