Report Description

Vietnam Air Conditioners Market By Product Type (Splits, VRFs, Chillers, Windows and Others), By End Use Sector (Residential Vs Commercial/Industrial), Competition Forecast & Opportunities, 2013 – 2023

Vietnam air conditioners market stood at $ 1.36 billion in 2017 and is projected to grow at a CAGR of more than 10% to reach $ 2.46 billion by 2023, on the back of rising demand for air conditioners from commercial, residential and hospitality sectors. Anticipated growth in the market can be attributed to rising government investments in construction sector, increasing online sales of air conditioners and expanding production capacity of air conditioner companies in the country.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • To analyze and forecast Vietnam air conditioners market size.
  • To define, classify and forecast Vietnam air conditioners market on the basis of product type, end use sector, region and company.
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of product type, namely – split, splits, VRFs, chillers, windows and others.
  • To analyze and forecast the market share for air conditioners with respect to end use - residential and commercial/institutional.
  • To analyze and forecast the market share for air conditioners with respect to region, namely North Vietnam, Central Vietnam and South Vietnam
  • To identify tailwinds and headwinds for Vietnam air conditioners market.
  • To get an idea about the consumer behavior towards brand awareness and satisfaction and evaluate major factors impacting the buying decision related to air conditioners.
  • To strategically profile leading players operating in Vietnam air conditioners market.


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 LG Electronics Vietnam Haiphong Co., Ltd, Sharp Electronics (Vietnam) Company Limited, Mitsubishi Electric Vietnam Co., Ltd, Panasonic Vietnam Co., Ltd., Daikin Air Conditioning Vietnam JSC, Samsung Electronics Vietnam, GREE CO., LTD (VIETNAM), Carrier Vietnam Air Conditioning Co., Ltd., Midea Consumer Electric (Vietnam) Co., Ltd. and Hoa Phat Refrigeration Engineering Co., Ltd. are some of the major companies operating in Vietnam air conditioners market.

 TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of air conditioner manufacturers and suppliers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channel and regional presence of all major air conditioner suppliers in the country.

 TechSci Research calculated Vietnam air conditioners market size using a bottom-up approach, where manufacturers’ value and volume shares data for product types (Splits, Chillers, VRFs, Windows and Others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as directories, databases such as company annual reports, World Bank, industry magazines, industry reports, news dailies, Vietnam Electricity Company, Ministry of Industry and Trade, Vietnam, and Ministry of Science and Technology, Vietnam were also studied by TechSci Research.


Key Target Audience:

  • Air conditioner manufacturers, importers and suppliers 
  • Organizations, forums and alliances related to air conditioners
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as air conditioner manufacturers, distributors and dealers, customers and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

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

  • Market, by Product Type:
    • Splits
    • VRFs
    • Chillers
    • Windows
    • Others
  • Market, by End Use Sector:
    • Residential
    • Commercial/Industrial
  • Market, by Region:
    • North Vietnam
    • Central Vietnam
    • South Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam air conditioners market.

Voice of Customers: Customer analysis by considering parameters: brand awareness, challenges faced post purchase, factors influencing purchase decision and brand satisfaction level.

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:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all the regions.

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

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