Australia Air Conditioners Market By End Use Sector (Commercial, Residential), By Region, Competition Forecast & Opportunities, 2018-2028

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Summary

Report Description

The Australia Air Conditioners market was valued at USD2,217.83 million in 2022 and is expected to register a CAGR of 6.52% through 2028, owing to the development of new hotels such as Oria Spring Hill Development, Russell Place Hotel, etc., and the availability of different air conditioners for commercial use such as ductable split, chillers, variable refrigerant flow, etc.

The Bureau of Statistics reports that just over 25% of Australian households do not have any form of air conditioning systems. Roughly 50% of people use reverse-cycle air conditioning, while 13% use evaporative coolers. Due to the extreme heat during and after Christmas, there is always a sudden increase in demand for air conditioner sales. Therefore, these are the certain factors which are significantly contributing to the Australia Air Conditioners market growth.

Australia Air Conditioners Market Scope

Air conditioners, also known as ACs, are devices used to control and regulate the temperature, humidity, and air quality of indoor spaces. In Australia, air conditioners are essential for comfortable living during the hot and humid summer months. They work by drawing in warm air from the room and passing it over a set of refrigerant-filled coils. The refrigerant absorbs the heat from the air, which is then blown outside, while the cool air is circulated back into the room. Air conditioners can be standalone units, wall-mounted units, or part of a central HVAC (heating, ventilation, and air conditioning) system. They come in various sizes and designs to suit different needs and preferences.


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Australia Air Conditioners Market Overview

The Australia Air Conditioners market is witnessing high demand owing to the surging temperature of the country which is substantially influencing the demand towards cooling products. Furthermore, the usage of air conditioners is rising in residential and commercial sector as the construction sector is expanding quickly across the country. For instance, the  total number of dwelling permits increased by 23% in 2021, according to data from the Australian Bureau of Statistics, and approvals for private housing rose by 42%. As a result, the growth of the construction sector has been fueling demand across the nation for all types of air conditioners. Therefore, the Australia Air Conditioners market is expected to experience a significant growth in the forecast years.

Based on end use sector the Australia Air Conditioners market is segmented into commercial and residential. It is “Commercial” space where the air conditioners are specifically designed for larger spaces such as offices, shops, and other commercial buildings. They have a higher cooling capacity and are more durable compared to residential air conditioners. Hence, these are the certain factors contributing to the market growth.

Australia Air Conditioners Market Drivers

The adoption of air conditioners has been growing steadily in recent years, with rising usage of air conditioners within residential and commercial sector and the potential benefits of this technology. The key factors that are driving the market are the surging temperature issue, severe droughts, wildfires, floods, and other extreme weather because of global warming. The Copernicus Atmosphere Monitoring Service of the European Union estimates that Australia's bushfires released 400 megatons of carbon dioxide into the atmosphere in 2020. The severity of the widespread bushfires is a major factor in the ozone layer's loss, which is further causing temperatures to rise. As a result, sales of air conditioners will increase more quickly as the temperature rises.

Australia Air Conditioners Market Trends

In Australia, smart air conditioners are growing in popularity as people search for more practical and adaptable ways to regulate the temperature in their homes and workplaces. These air conditioners can be managed with the aid of a smartphone app, voice commands, or even by connecting them to other smart home appliances like Amazon Alexa or Google Home. Smart air conditioners offer several advantages, one of which is the ability for users to regulate the temperature remotely from any location with an internet connection. In other words, even when users are not at home, they can turn their air conditioner on or off, change the temperature, or set a schedule. Furthermore, various smart air conditioners have built-in energy monitoring capabilities that let users track their energy use and find ways to save money and the environment.

Moreover, the Australian government has been encouraging the adoption of more energy-efficient appliances, including air conditioners, to help reduce greenhouse gas emissions. This has led to the development of new technologies and products that are more energy-efficient and environmentally friendly.

Australia Air Conditioners Market Challenges

There are several issues that air conditioner users in Australia faces, such as high energy bills as the cost of running air conditioners can be high, especially during the summer months. This can result in high energy bills for users, which can be a major concern. Furthermore, the poor air quality can be a problem in some areas of Australia, particularly during bushfire season. Air conditioners can help improve indoor air quality, but users must ensure they are properly maintained and cleaned. Similarly, air conditioners can have a negative impact on the environment due to their energy consumption and greenhouse gas emissions. Users may be concerned about their carbon footprint and may want to choose more environmentally friendly options.

Moreover, the effectiveness of air conditioners can vary depending on the size of the room and the outdoor temperature. Users may find that their air conditioner is not as effective as they expected, particularly on very hot days. Overall, while use of air conditioners can be a necessity in Australia's hot climate, users may face a variety of issues related to cost, maintenance, air quality, noise, and environmental concerns.

Market Recent Developments

  • In 2021, Daikin launched their new Emura II air conditioning system in Australia. This sleek and stylish unit is designed to blend in with modern home decor while also providing efficient cooling and heating capabilities.
  • Mitsubishi Electric MSZ-EF Wall Mounted Split System: This new model was launched in 2021 and is available in different sizes ranging from 2.5kW to 7.8kW. It features a stylish design and advanced air cleaning technology.
  • Samsung launched “Samsung Wind-FreeWall-Mounted Split System”. This air conditioner has features like Wind-Free Cooling technology that creates a gentle breeze instead of a direct blast of cold air. This helps to maintain a comfortable indoor temperature without causing any discomfort. It also has a 5-star energy rating.

Market Opportunities

  • Single split air conditioners are a popular choice for residential and commercial buildings due to their affordability and ease of installation. According to a report by the Australian Bureau of Statistics, the number of air conditioners installed in Australian households has been steadily increasing over the years. In 2018, there were 7.6 million households with air conditioners, which is around 70% of all households in Australia. Split-system air conditioners are the most popular type of air conditioners installed in Australian homes, accounting for around 75% of all air conditioners installed. Overall, the demand for single split air conditioners in Australia is expected to remain strong due to the increasing awareness of the benefits of air conditioning and the growing trend towards energy-efficient and environmentally friendly products.
  • Due to their low operating costs, e-commerce portals are a desirable option for air conditioner companies. Additionally, the advent of online channels has allowed customers to quickly browse and compare a wide range of products on a single platform without putting in a lot of time in stores. Additionally, the customer purchasing process has been digitized by rising internet usage, online search, and expanding e-commerce. The online medium seems to be advantageous for businesses to reach out to targeted consumers as a result of increased digital and social media penetration. Additionally, as internet usage grows, so does consumer awareness of and desire for the newest products that businesses are offering. Several companies have also collaborated with online marketplaces to increase their consumer reach.

Market Segmentation

The Australia Air Conditioners market is segmented on the basis of end use sector into commercial and residential. Based on product type the commercial segment is divided into Variable Refrigerant Flow (VRF), Ductable Split, Chillers, Single Packaged, and others. Furthermore, on the basis of product type the residential segment is fragmented into Single Split, and Multi-Split. On the basis of region, the market is divided into Queensland, Australia Capital Territory & New South Wales, Victoria & Tasmania, Western Australia, Northern Territory & Southern Australia.

Company Profiles

Daikin Australia Pty Limited, LG Electronics Australia Pty Ltd, AHIC (Australia) Pty Ltd (Carrier), Fisher & Paykel Australia Pty Limited (Haier), Samsung Electronics Australia Pty. Ltd., Panasonic Australia Pty. Ltd., Rinnai Australia Pty Ltd, Mitsubishi Electric Australia Pty. Ltd., Electrolux Home Products Pty Limited, Actron Engineering Pty Ltd are some of the major players in the Australia Air Conditioners market.

Attribute

Details

Market Size Value in 2022

USD 2,217.83 Million

Revenue Forecast in 2028

USD 3,205.90 Million

Growth Rate

6.52%

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Value in USD Million and Volume (Thousand Units), CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

End Use Sector

Region

Regional scope

Queensland, Australia Capital Territory & New South Wales, Victoria & Tasmania, Western Australia, Northern Territory & Southern Australia

Key Companies Profiled

Daikin Australia Pty Limited, LG Electronics Australia Pty Ltd, AHIC (Australia) Pty Ltd (Carrier), Fisher & Paykel Australia Pty Limited (Haier), Samsung Electronics Australia Pty. Ltd., Panasonic Australia Pty. Ltd., Rinnai Australia Pty Ltd, Mitsubishi Electric Australia Pty. Ltd., Electrolux Home Products Pty Limited, Actron Engineering Pty Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Australia Air Conditioners market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Australia Air Conditioners Market, By End Use Sector:
    • Commercial
    • Residential
  • Australia Air Conditioners Market, By Region:
    • Queensland
    • Australia Capital Territory & New South Wales
    • Victoria & Tasmania
    • Western Australia
    • Northern Territory & Southern Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia Air Conditioners market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Australia Air Conditioners Market

4.    Executive Summary         

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Challenges Faced Post Purchase                    

6.    Australia Air Conditioners Market Outlook, 2018-2028

6.1.  Market Size & Forecast

6.1.1.         By Value & Volume

6.2.  Market Share & Forecast

6.2.1.         By End Use Sector Market (Commercial & Residential) 

6.2.2.         By Region Market

6.2.3.         By Company Market (2022)

6.3.  Market Map (By End Use Sector, By Region)

7.    Australia Commercial Air Conditioners Market Outlook

7.1.  Market Size & Forecast          

7.1.1.         By Value & Volume

7.2.  Market Share & Forecast

7.2.1.         By Product Type Market Share Analysis (Chillers, Ductable Split, Variable Refrigerant Flow (VRF), Single Packaged, etc.)

8.    Australia Chillers Air Conditioners Market Outlook

8.1.  Market Size & Forecast          

8.1.1.         By Value & Volume

8.2.  Product Benchmarking

9.    Australia Ductable Splits Air Conditioners Market Outlook

9.1.  Market Size & Forecast          

9.1.1.         By Value & Volume

9.2.  Product Benchmarking

10.  Australia VRFs Air Conditioners Market Outlook

10.1.              Market Size & Forecast

10.1.1.      By Value & Volume

10.2.              Product Benchmarking

11.  Australia Single Packaged Air Conditioners Market Outlook

11.1.              Market Size & Forecast

11.1.1.      By Value & Volume

11.2.              Product Benchmarking

12.  Australia Residential Air Conditioners Market Outlook

12.1.              Market Size & Forecast

12.1.1.      By Value & Volume

12.2.              Market Share & Forecast

12.2.1.      By Product Type Market Share Analysis (Single Split, Multi-Split)

13.  Australia Single Split Air Conditioners Market Outlook

13.1.              Market Size & Forecast

13.1.1.      By Value & Volume

13.2.              Product Benchmarking

14.  Australia Multi-Split Air Conditioners Market Outlook

14.1.              Market Size & Forecast

14.1.1.      By Value & Volume

14.2.              Product Benchmarking

15.  Market Dynamics

15.1.              Drivers

15.2.              Challenges

16.  Porter’s Five Forces Model

16.1.              Competitive Rivalry

16.2.              Bargaining Power of Buyers

16.3.              Bargaining Power of Suppliers

16.4.              Threat of New Entrants

16.5.              Threat of Substitutes

17.  SWOT Analysis

17.1.              Strength

17.2.              Weakness

17.3.              Opportunities

17.4.              Threats

18.  Import & Export Analysis

18.1.              Top 5 Exporting Countries

18.1.1.      By Value

18.2.              Top 5 Importing Countries

18.2.1.      By Value

19.  Supply Chain Analysis

20.  Market Trends & Developments

21.  Policy and Regulatory Landscape

22.  Australia Economic Profile

23.  Competitive Landscape

23.1.              Daikin Australia Pty Limited

23.1.1.      Company Details

23.1.2.      Key Products

23.1.3.      Geographical Presence

23.1.4.      Recent Developments

23.1.5.      Key Management Personnel

23.2.              LG Electronics Australia Pty Ltd

23.2.1.      Company Details

23.2.2.      Key Products

23.2.3.      Geographical Presence

23.2.4.      Recent Developments

23.2.5.      Key Management Personnel

23.3.              AHIC (Australia) Pty Ltd

23.3.1.      Company Details

23.3.2.      Key Products

23.3.3.      Geographical Presence

23.3.4.      Recent Developments

23.3.5.      Key Management Personnel

23.4.              Fisher & Paykel Australia Pty Limited (Haier)

23.4.1.      Company Details

23.4.2.      Key Products

23.4.3.      Geographical Presence

23.4.4.      Recent Developments

23.4.5.      Key Management Personnel

23.5.              Samsung Electronics Australia Pty. Ltd.  

23.5.1.      Company Details

23.5.2.      Key Products

23.5.3.      Geographical Presence

23.5.4.      Recent Developments

23.5.5.      Key Management Personnel

23.6.              Mitsubishi Electric Australia Pty. Ltd.

23.6.1.      Company Details

23.6.2.      Key Products

23.6.3.      Geographical Presence

23.6.4.      Recent Developments

23.6.5.      Key Management Personnel

23.7.              Electrolux Home Products Pty Limited

23.7.1.      Company Details

23.7.2.      Key Products

23.7.3.      Geographical Presence

23.7.4.      Recent Developments

23.7.5.      Key Management Personnel

23.8.              Panasonic Australia Pty. Ltd.

23.8.1.      Company Details

23.8.2.      Key Products

23.8.3.      Geographical Presence

23.8.4.      Recent Developments

23.8.5.      Key Management Personnel

23.9.              Rinnai Australia Pty Ltd

23.9.1.      Company Details

23.9.2.      Key Products

23.9.3.      Geographical Presence

23.9.4.      Recent Developments

23.9.5.      Key Management Personnel

23.10.            Actron Engineering Pty Ltd

23.10.1.    Company Details

23.10.2.    Key Products

23.10.3.    Geographical Presence

23.10.4.    Recent Developments

23.10.5.    Key Management Personnel

24.  Strategic Recommendations

25.  About Us & Disclaimer

 

Figures and Tables

Figure 1: Australia Air Conditioners Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 2: Australia Annual Energy Usage per household, By Volume (Giga Joule/Household), 2016-2020

Figure 3: Australia Air Conditioners Market Share, By End Use Sector, By Value, 2018–2028F

Figure 4: Australia Air Conditioners Market Share, By Region, By Value, 2018–2028F

Figure 5: Australia Air Conditioners Market Share, By Company, By Value, 2022

Figure 6: Australia Air Conditioners Market Map, By End Use Sector, Market Size (USD Million) & Growth Rate (%), 2022

Figure 7: Australia Air Conditioners Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 8: Australia Commercial Air Conditioners Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 9: Australia International Tourism, Number of Arrivals, 2016-2020)

Figure 10: Australia Commercial Air Conditioners Market Share, By Product Type, By Value, 2018–2028F

Figure 11: Australia Chillers Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 12: Australia Chillers Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 13: Australia Ductable Splits Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 14: Australia Ductable Splits Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 15: Australia VRFs Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 16: Australia VRFs Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 17: Australia Single Packaged Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 18: Australia Single Packaged Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 19: Australia Residential Air Conditioners Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 20: Australia Internet Penetration (%), 2016-2020

Figure 21: Australia Residential Air Conditioners Market Share, By Product Type, By Value, 2018–2028F

Figure 22: Australia Single Split Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 23: Australia Single Split Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 24: Australia Multi-Split Air Conditioners Market Size, By Value (USD Million), 2018-2028F

Figure 25: Australia Multi-Split Air Conditioners Market Size, By Volume (Thousand Units), 2018-2028F

Figure 26: Australia Window or Wall Air Conditioning Machines, Self-Contained or Split-System Imports, By Value (USD Million), 2017-2021 (HS Code: 841510)

Figure 27: Australia Window or Wall Air Conditioning Machines, Self-Contained or Split-System Exports, By Value (USD Million), 2017-2021 (HS Code: 841510)

Figure 28: Australia Air Conditioning Machines Incorporating A Refrigerating Unit And A Valve For Reversal Imports, By Value (USD Million), 2017-2021 (HS Code: 841581)

Figure 29: Australia Air Conditioning Machines Incorporating A Refrigerating Unit And A Valve For Reversal Exports, By Value (USD Million), 2017-2021 (HS Code: 841581)

 

List of Tables

Table 1: Australia Chillers Air Conditioners Market, Product Benchmarking, 2022

Table 2: Australia Ductable Splits Air Conditioners Market, Product Benchmarking, 2022

Table 3: Australia VRFs Air Conditioners Markets, Product Benchmarking, 2022

Table 4: Australia Single Packaged Air Conditioners Market, Product Benchmarking, 2022

Table 5: Australia Single Split Air Conditioners Market, Product Benchmarking, 2022

Table 6: Australia Multi Split Air Conditioners Market, Product Benchmarking, 2022

Frequently asked questions

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The Australia Air Conditioners market is expected to experience elevated growth of 6.52% in the forecast years due to the launch of inverter-based air conditioners to the air conditioners market, surging demand form residential and commercial complex and increasing awareness of energy efficient air conditioners within the market.

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Single Split is the fastest growing by product type segment in the Australia Air Conditioners market due to the higher usage of this product as well as their feasibility for compact cooling facility, largely required by the people for personal usage and multiple other factors. These are the certain influential factors for the segmental growth at a CAGR of 3.14% in the forecast period.

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The rising issue of maintenance, installation cost, excessive noise, excessive energy usage. Furthermore, the high cost of these products is also another restraining factor in Australia Air Conditioners market.

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The top 10 players in the Australia Air Conditioners market are Daikin Australia Pty Limited, LG Electronics Australia Pty Ltd, AHIC (Australia) Pty Ltd (Carrier), Fisher & Paykel Australia Pty Limited (Haier), Samsung Electronics Australia Pty. Ltd., Panasonic Australia Pty. Ltd., Rinnai Australia Pty Ltd, Mitsubishi Electric Australia Pty. Ltd., Electrolux Home Products Pty Limited, Actron Engineering Pty Ltd.

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Parvati Sharma

Account Manager BD
Press Release

Australia Air Conditioners Market to be dominated by Commercial sector with 71.98% market share in 2028F

Mar, 2023

Surging issue of rising temperature, availability of energy efficient cooling systems, increasing usage of air conditioners within commercial places are the certain factors which will drive the Austr

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