Thailand air conditioners market is expected to reach USD1381.12 million in 2021, growing at a CAGR of 5.23% during the forecast period. The Thailand air conditioner market is mainly driven by rising disposable income, demand from residential sectors, and growing product innovations.  

Air conditioners are electrical appliances used to control a particular area's humidity, ventilation, and temperature. The key reasons propelling the growth of air conditioning in the country also include rising per capita income, growing construction sector investments, and increasing tourism demand.

The COVID-19 pandemic adversely affected the shipping, logistics, and transportation sectors as well as the supply chains, which led to a sharp decline in trading activity throughout the lockdown period. A smaller workforce, congestion at specific ports, cost-related concerns, and increased fees for some services were additional problems the logistics sector faced. Due to lack of resources (staff and facilities), many businesses could not finish their shipments.

COVID-19 pandemic negatively impacted Thailand's air conditioner market sales. Major businesses were forced to cease operations, which decreased sales across the country. However, market participants concentrated on delivering greater comfort and convenience through several initiatives to adapt to the situation. For example, Voltas provided comprehensive extended warranty plans for air conditioners. Along with this, businesses started offering simple financing options through different NBFCs, and cash-back offers through different credit and debit cards.

Rising Technological Innovations Fueling the Market Growth

Manufacturers are working on product innovation to fulfill the need for energy and cost-saving. For instance, in 2019, Daikin launched a split room air conditioner for less than USD230 to meet the growing demand from the middle-class population. Moreover, due to the highly competitive market scenario, manufacturers are working towards providing features like seamless connectivity with Wi-Fi, inverter-based air conditioners, which are further likely to steer growth in the Thailand air conditioners market in the coming years.

Increasing Online Presence is Fueling the Market Growth

Due to low operating expenses, the online retail sector offers an attractive option for air conditioner companies. Moreover, the introduction of online channels has enabled consumers to effortlessly check out and compare a diverse selection of products on a single platform without spending a significant amount of time in stores. Additionally, rising internet usage, online search, and expanding e-commerce have digitized the customer purchasing experience.

Growing Production Capacities within the Country is Boosting the Market Growth

Almost 7 to 10% of the air conditioners manufactured worldwide come from Thailand. The country is the second-largest producer of air conditioners after China. Around 15 million air conditioners are produced annually from a production facility in Thailand by the two biggest air conditioner manufacturers, which include the Japanese companies Daikin Industries and Mitsubishi Electric. Companies like Panasonic and Mitsubishi opened their plants in Thailand to capture the largest market share. This growth is intended to help them respond more quickly and adapt to the growing market demands for residential and commercial air conditioners, particularly in Asia.

Increasing Preference for Inverter Technology is Fueling the Market Growth

The overall market for inverter air conditioners has experienced significant growth, which is anticipated to continue throughout the forecast period. Additionally, inverter-based air conditioners are more energy-efficient and can drive the compressor at various rates to match the desired productivity. Manufacturers are introducing air conditioners that use inverter technology to increase market shares. For instance, LG wants to increase its market share in Thailand for inverter air conditioners to 15% by the end of 2021.


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Market Segmentation

Thailand air conditioner market is segmented on product type, end-user sector, region, and competitional landscape. Based on product type, the market is categorized by Split, VRF, Window, Chiller, and others, including Cassette, Ductable Splits, etc. Based on end users, the market is segmented into residential and commercial/industrial. The market analysis also studies the regional segmentation.

Company Profiles

Daikin Industries (Thailand) Co., Ltd. Toshiba Carrier (Thailand) Co., Ltd, Thai Samsung Electronics Co., Ltd., Mitsubishi Electric Consumers Product (Thailand) Co., Ltd., LG Electronics (Thailand) Co., Ltd., Panasonic Solutions (Thailand) Co., Ltd., Arcelik Hitachi Home Appliances Sales (Thailand) Ltd., Haier Electrical Appliances (Thailand) Co., Ltd., Sharp Thai Co., Ltd., MD Consumer Appliances (Thailand) Co., Ltd. and others are among the major market players in the air conditioner industry that led the market growth of the Thailand air conditioner market.

Attribute

Details

Market Size Value in 2021

USD1381.12 Million

Revenue Forecast in 2027F

USD1874.64 Million

Growth Rate

5.23%

Base Year

2021

Historical Years

2015 – 2020

Estimated Year

2022E

Forecast Period

2023F– 2027F

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027F

Report Coverage

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

Segments Covered

·         Product Type

·         End User Sector

·         Region

·         Company

Regional Scope

Central Region, North East Region, Northern Region, Southern Region

Key Companies Profiled

Daikin Industries (Thailand) Co., Ltd. Toshiba Carrier (Thailand) Co., Ltd, Thai Samsung Electronics Co., Ltd., Mitsubishi Electric Consumers Product (Thailand) Co., Ltd., LG Electronics (Thailand) Co., Ltd., Panasonic Solutions (Thailand) Co., Ltd., Arcelik Hitachi Home Appliances Sales (Thailand) Ltd., Haier Electrical Appliances (Thailand) Co., Ltd., Sharp Thai Co., Ltd., MD Consumer Appliances (Thailand) Co., Ltd., etc.

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/pdf format on special request)

 

Report Scope:

In this report, Thailand air conditioner market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Thailand Air Conditioner Market, By Product Type:
    • Split
    • VRF
    • Window
    • Chiller
    • Other
  • Thailand Air Conditioner Market, By End User Sector:
    • Residential
    • Commercial/Industrial
  • Thailand Air Conditioner Market, By Region:
    • Central Region
    • North East Region
    • Northern Region
    • Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Thailand 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Thailand Air Conditioner Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decisions

5.3.  Brand Satisfaction

5.4.  Challenges Faced Post Purchase

6.    Thailand Air Conditioner Market Outlook, 2015-2027F

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Product Type (Split, VRF, Windows, Chiller and Others {Cassette, Ductable Split, etc.})

6.2.2.    By End Use Sector (Commercial/Industrial and Residential)

6.2.3.    By Region (Central Region, North East Region, Northern Region, Southern Region)

6.2.4.    By Company (2021)

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

7.    Thailand Split Air Conditioner Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By End Use Sector

8.    Thailand VRF Air Conditioner Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By End Use Sector

9.    Thailand Window Air Conditioner Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By End Use Sector

10.  Thailand Chiller Air Conditioner Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By End Use Sector

11.  Market Dynamics

11.1.             Drivers

11.2.             Challenges/Restraints

12.  Market Trends and Developments

13.  Import and Export Analysis

14.  Policy & Regulatory Landscape

15.  Thailand Economic Profile

16.  Competitive Landscape

16.1.             Company Profiles

16.1.1. P Daikin Industries (Thailand) Co., Ltd.

16.1.2. Toshiba Carrier (Thailand) Co., Ltd

16.1.3. Thai Samsung Electronics Co., Ltd.

16.1.4. Mitsubishi Electric Consumers Product (Thailand) Co., Ltd.

16.1.5. LG Electronics (Thailand) Co., Ltd.

16.1.6. Panasonic Solutions (Thailand) Co., Ltd.

16.1.7. Arcelik Hitachi Home Appliances Sales (Thailand) Ltd.

16.1.8. Haier Electrical Appliances (Thailand) Co., Ltd.

16.1.9. Sharp Thai Co., Ltd.

16.1.10. MD Consumer Appliances (Thailand) Co., Ltd.

17.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures:


    Figure 1: Thailand Air Conditioners Market Size, By Value (USD Million) & By Volume (Thousand Units), 2015-2027F

    Figure 2: Thailand Air Conditioners Market Share, By Product Type, By Volume, 2015-2027F

    Figure 3: Thailand Air Conditioners Market Share, By End Use Sector, By Volume, 2015-2027F

    Figure 4: Thailand Air Conditioners Market Share, By Region, By Value, 2015-2027F

    Figure 5: Thailand Air Conditioners Market Share, By Company, By Value, 2021

    Figure 6: Thailand Air Conditioners Market Map, By Product Type, Market Size (Thousand Units) & Growth Rate (%), 2021

    Figure 7: Thailand Air Conditioners Market Map, By End Use Sector, Market Size (Thousand Units) & Growth Rate (%), 2021

    Figure 8: Thailand Air Conditioners Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 9: Thailand Split Air Conditioners Market Size, By Value (USD Million) & By Volume (Thousand Units), 2015-2027F

    Figure 10: Thailand GDP Per Capita (Current USD), 2016-2020 (USD)

    Figure 11: Thailand Split Air Conditioners Market Share, By End Use Sector, By Volume, 2015-2027F

    Figure 12: Thailand VRF Air Conditioners Market Size, By Value (USD Million) & By Volume (Thousand Units), 2015-2027F

    Figure 13: Thailand Infrastructure Investment Forecast, 2017, 2022, 2027F, 2032F & 2037F (USD Billion)

    Figure 14: Thailand VRF Air Conditioners Market Share, By End Use Sector, By Volume, 2015-2027F

    Figure 15: Thailand Window Air Conditioners Market Size, By Value (USD Million) & By Volume (Thousand Units), 2015-2027F

    Figure 16: Total Electrical Energy Consumption, 2016-2021 (in GWh)

    Figure 17: Thailand Window Air Conditioners Market Share, By End Use Sector, By Volume, 2015-2027F

    Figure 18: Thailand Chiller Air Conditioners Market Size, By Value (USD Million) & By Volume (Thousand Units), 2015-2027F

    Figure 19: International Tourists Arrival in Thailand 2016 – 2021 (Million)

    Figure 20: Thailand Chiller Air Conditioners Market Share, By End Use Sector, By Volume, 2015-2027F

    Figure 21: Thailand Air Conditioners Imports, By Value, 2015-2020 (USD Million)

    Figure 22: Thailand Air Conditioners Exports, By Value, 2015-2020 (USD Million)