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 sales@techsciresearch.com

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.       Analyst View

4.       Voice of Customer

4.1.    Brand Awareness

4.2.    Factors Influencing Purchase Decisions

4.3.    Brand Satisfaction

4.4.    Challenges Faced Post Purchase

5.       Global Air Conditioners Market Overview

6.       Vietnam Air Conditioners Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Product Type (Splits, VRFs, Chillers, Windows and Others)

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

6.2.3.By Region (North Vietnam, Central Vietnam and South Vietnam)

6.2.4.By Company

6.3.    Market Attractiveness Index

6.3.1.By Product Type

6.3.2.By Region

7.       Vietnam Split Air Conditioners 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 (Residential Vs Commercial/Industrial)

7.3.    Product Benchmarking

8.       Vietnam VRFs Air Conditioners 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 (Residential Vs Commercial/Industrial)

8.3.    Product Benchmarking

9.       Vietnam Chillers Air Conditioners 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 (Residential Vs Commercial/Industrial)

9.3.    Product Benchmarking

10.   Vietnam Windows Air Conditioners 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 (Residential Vs Commercial/Industrial)

11.   Vietnam Others Air Conditioners Market Outlook

11.1.  Market Size & Forecast

11.1.1.    By Value & Volume

12.   Supply Chain Analysis

13.   Import-Export Analysis

14.   Market Dynamics

14.1.  Drivers

14.2.  Challenges

15.   Market Trends & Developments

16.   Policy & Regulatory Landscape

17.   Vietnam Economic Profile

18.   Competitive Landscape

18.1.  Company Profiles

18.1.1.    Panasonic Vietnam Co., Ltd.

18.1.2.    Daikin Air Conditioning Vietnam JSC

18.1.3.    LG Electronics Vietnam Haiphong Co., Ltd

18.1.4.    Carrier Vietnam Air Conditioning Co., Ltd.

18.1.5.    Sharp Electronics (Vietnam) Company Limited

18.1.6.    Mitsubishi Electric Vietnam Co., Ltd

18.1.7.    Samsung Electronics Vietnam

18.1.8.    GREE CO., LTD (VIETNAM)

18.1.9.    Midea Consumer Electric (Vietnam) Co., Ltd.

18.1.10.    Hoa Phat Refrigeration Engineering Co., Ltd.

19.   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: Global Air Conditioners Market Size, By Value (USD Billion), By Volume (Million Units), 2012–2017

    Figure 2: Global GDP Per Capita (Current USD), 2012-2016 

    Figure 3: Vietnam Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units),

    2013–2023F

    Figure 4: Vietnam Infrastructure Investment Forecast, 2017-2040F (USD Billion)  

    Figure 5: Vietnam Air Conditioners Market Share, By Product Type, By Volume, 2013-2023F

    Figure 6: Vietnam Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 7: Vietnam Air Conditioners Market Share, By Region, By Value, 2017 & 2023F

    Figure 8: Vietnam Air Conditioners Market Share, By Region, By Value, 2013-2023F

    Figure 9: Vietnam Air Conditioners Market Share, By Company, By Value, 2017 & 2023F

    Figure 10: Vietnam Air Conditioners Market Attractiveness Index, By Product Type, By Volume, 2017-2023F

    Figure 11: Vietnam Air Conditioners Market Attractiveness Index, By Region, By Value, 2017-2023F

    Figure 12: Vietnam Split Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013–2023F

    Figure 13: Vietnam Split Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 14: Vietnam VRFs Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013–2023F

    Figure 15: Vietnam VRFs Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 16: Vietnam Chillers Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013–2023F

    Figure 17: Vietnam Share of FDI Inflows in Real-Estate Sector, 2016 Title

    Figure 18: Vietnam Share of FDI Inflows in Construction Sector, 2016

    Figure 19: Vietnam Chillers Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 20: Vietnam GDP Per Capita, 2013-2017 (USD)

    Figure 21: Vietnam Window Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013–2023F

    Figure 22: Vietnam Foreign Direct Investment Projects Licensed, By End Use, 2016

    Figure 23: Vietnam Window Air Conditioners Market Share, By End Use Sector, By Volume, 2013-2023F

    Figure 24: Vietnam Domestic and International Tourists Arrival, 2010-2015 (Million)

    Figure 25: Vietnam Other Air Conditioners Market Size, By Value (USD Million), By Volume (Thousand Units), 2013–2023F

    Figure 26: Vietnam Number of New Hotel Rooms, 2011-2015 & 2021F (Thousand)

    Figure 27: Vietnam Window/Wall Air Conditioner Imports with HS Code 841510, By Value (USD Million), 2013-2016

    Figure 28: Vietnam Window/Wall Air Conditioner Exports with HS Code 841510, By Volume (Thousand Units), 2013-2016

    Figure 29: Vietnam Share of Construction Sector in Total GDP, By Value, 2017

    Figure 30: Vietnam GDP Growth Rate, 2013-2017

     

    List of Tables

     Table 1: Vietnam Energy Demand, By Sector, 2020F, 2025F, 2030F & 2035F (Kilo Ton of Oil Equivalent)

    Table 2: Partial List of Licensed Foreign Direct Investment Projects in Vietnam, By Province, 2016

    Table 3: Vietnam Monthly Average Per Capita Income, By Region, 2012-2016 (USD Thousand)

    Table 4: Vietnam Split Air Conditioners Product Benchmarking, 2018

    Table 5: Vietnam Power Sector Investment Requirement, 2014-2020F, 2021F-2025F & 2026F-2030F

    (USD Billion)

    Table 6: Vietnam Construction Sector Investments (Percentage of GDP), 2013-2016

    Table 7: Vietnam VRFs Air Conditioners Product Benchmarking, 2018

    Table 8: Vietnam Chillers Air Conditioners Product Benchmarking, 2018