Press Release

Indonesia Air Conditioners Market to Grow with a CAGR of 7.39% through 2028

Rising healthcare sector and product innovation are driving Indonesia Air Conditioners Market in the forecast period 2024-2028.

According to TechSci Research report, “Indonesia Air Conditioners Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Indonesia Air Conditioners Market stood at USD 1366.32 Million in 2022 and is anticipated to grow with a CAGR of 7.39% in the forecast period, 2024-2028. The air conditioner market in Indonesia has witnessed remarkable growth and transformation in recent years, driven by a combination of factors that reflect the nation's evolving economic landscape, climate conditions, and consumer preferences.

Indonesia is experiencing rapid urbanization, with millions of people migrating from rural areas to cities in search of better economic opportunities. This urbanization has led to a surge in construction, including residential complexes, commercial buildings, and industrial facilities. As a result, there is a growing need for efficient and effective air conditioning solutions to provide comfort in these urban spaces. Furthermore, the expansion of the middle class has increased disposable incomes, making air conditioners more accessible to a larger portion of the population. The combination of urbanization and middle-class growth is a significant driver of the air conditioner market in Indonesia.

Browse over 21 market data Figures spread through 85 Pages and an in-depth TOC on "Indonesia Air Conditioners Market

Indonesia's climate is characterized by its tropical nature, with high temperatures and humidity levels prevalent throughout the year. This consistent warm weather drives the demand for cooling systems, making air conditioning a necessity rather than a luxury. Additionally, Indonesia's geographical diversity results in varying climate conditions across the archipelago. In some regions, such as Jakarta, the weather is hot and humid year-round, while in others, like Bandung, cooler temperatures are experienced. This diversity in climate conditions further stimulates demand for air conditioners tailored to specific needs, including both cooling and heating capabilities.

Energy efficiency and sustainability have become critical considerations for both consumers and policymakers in Indonesia. As energy consumption continues to rise, there is a growing emphasis on reducing energy usage and environmental impact. In response, manufacturers are incorporating advanced technologies like inverter technology and eco-friendly refrigerants into their air conditioning systems. The adoption of these energy-efficient and eco-friendly units is driven by consumers' desire to lower their electricity bills and minimize their carbon footprint. The Indonesian government has also implemented energy efficiency standards and labeling programs to encourage the use of efficient air conditioners, further pushing the market toward sustainability.

The air conditioning market in Indonesia has seen significant technological advancements. Modern air conditioners come equipped with smart features, including IoT (Internet of Things) capabilities, enabling users to control and monitor their cooling systems remotely via smartphones or other devices. These smart features not only enhance convenience but also contribute to energy savings by allowing users to optimize their cooling settings. Additionally, manufacturers have developed air conditioners with advanced air purification and filtration systems, addressing concerns about indoor air quality, especially in urban areas with pollution issues. The integration of these technologies has made air conditioners more attractive to Indonesian consumers, who increasingly value comfort, convenience, and air quality.

The Indonesian government has taken steps to promote energy efficiency, environmental sustainability, and consumer protection in the air conditioner market. These initiatives include setting energy efficiency standards, implementing labeling programs to guide consumers toward more efficient models, and providing incentives for businesses and consumers to choose energy-efficient air conditioners. Additionally, regulations related to refrigerants and environmental impact have influenced the choices made by manufacturers. Government support and regulations have played a crucial role in shaping the market by encouraging the adoption of eco-friendly and efficient air conditioning technologies.

In conclusion, the Indonesia air conditioner market is characterized by rapid urbanization, a tropical climate, a growing middle class, sustainability concerns, technological advancements, and government initiatives. As these factors continue to evolve, the market is poised for further growth and innovation, providing opportunities for both domestic and international manufacturers to meet the increasing demand for efficient, eco-friendly, and technologically advanced cooling solutions in Indonesia.

The Indonesia Air Conditioners Market is segmented into product type, end use sector, regional distribution, and company.

Based on product type the market is segmented into split, VRF, window, chiller and others (cassette, ductable split, etc.). In the Indonesia air conditioner market, there is a noticeable surge in demand for Variable Refrigerant Flow (VRF) systems. These systems have gained popularity due to their adaptability, energy efficiency, and precise temperature control, making them a preferred choice for both residential and commercial applications. VRF systems can simultaneously cool and heat different zones within a building, which is particularly advantageous in a country with diverse climate conditions like Indonesia. As consumers prioritize energy savings and sustainability, VRF technology is well-aligned with their preferences, contributing to its rising demand in the market.

Based on end use sector the market is segmented into commercial/industrial and residential.

Based on region the market is segmented into six regions, Java, Jakarta, Sumatra, Kalimantan, Bali, Rest of Indonesia.

Major companies operating in Indonesia Air Conditioners Market are:

  • PT. Daikin Airconditioning Indonesia
  • PT. Panasonic Gobel Indonesia
  • PT. Gree Electric Appliances Indonesia
  • PT Mitsubishi Electric Indonesia
  • PT. LG Electronics Indonesia
  • PT Samsung Electronics Indonesia
  • PT. Sharp Electronics Indonesia
  • PT. Berca Carrier Indonesia
  • PT Johnson Controls Hitachi Air Conditioning Indonesia
  • PT. Trane Indonesia

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“Increasing hospitality sector is a significant trend that is expected to have an impact on growth over the forecasted period. Booming Healthcare Sector, growing GDP per capita income and product innovation will positively impact the Indonesia Air Conditioners Market. Due to the availability of technologically advanced air conditioners, as well as the growing popularity of e-commerce industry, the market is growing at impressive rate through projected period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Indonesia Air Conditioners Market By Product Type (Split, VRF, Window, Chiller, Others (Cassette, Ductable Split, etc.)), By End Use Sector (Commercial/Industrial and Residential), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Indonesia Air Conditioners Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indonesia Air Conditioners Market.

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Indonesia Air Conditioners Market By Product Type (Split, VRF, Window, Chiller, Others (Cassette, Ductable Split, etc.)), By End Use Sector (Commercial/Industrial and Residential), By Region, By Competition Forecast & Opportunities 2018-2028

Consumer Goods and Retail | Sep, 2023

Rising healthcare sector and product innovation are driving Indonesia Air Conditioners Market in the forecast period 2024-2028.

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