Report Overview

Rapid urbanization, rising disposable incomes, changing climatic conditions, and a growing focus on energy efficiency and sustainability as well as adoption of technological advancements and the need for improved indoor air quality also contribute to market growth are propelling the growth of Australia Air Conditioner Market during the forecast period between 2023 and 2029.

Australia Air Conditioner Market – Industry Trends & Forecast Report, 2029

Australia air conditioner market size was estimated at USD 2,220 million in 2022. During the forecast period between 2023 and 2029, the size of Australia air conditioner market is projected to grow at a CAGR of 6.40% reaching a value of USD 3,224 million by 2029.  Major factor driving the growth of Australia air conditioner market is a growing demand for energy-efficient air conditioning systems as consumers seek environmentally friendly options and strive to reduce energy consumption. In line with this, there is an increased adoption of inverter technology, which provides better energy efficiency and precise temperature control. Another trend is the rising popularity of smart air conditioners that can be controlled remotely through mobile devices, offering convenience and energy management capabilities. Also, there is a growing focus on air purification and filtration features, with consumers prioritizing clean and healthy indoor air. Overall, the market is witnessing a shift towards more sustainable refrigerants, such as hydrofluoroolefins (HFOs), as concerns about global warming's potential rise.

Australia Air Conditioner Market - Overview

An air conditioner is a device that cools and dehumidifies the air in an enclosed space. It is commonly used in homes, offices, and other buildings to maintain a comfortable indoor temperature during hot weather. Air conditioners work by extracting heat from the indoor air and transferring it outside, using a refrigeration cycle. They consist of components such as a compressor, condenser, evaporator, and expansion valve, which work together to circulate and cool the air. Air conditioners provide relief from high temperatures, improve indoor air quality, and create a more comfortable environment for occupants by controlling temperature and humidity levels.

Growth Drivers

Rising Demand for Cooling Solutions

In recent years, Australia has witnessed a significant growth driver in its air conditioner market, propelled by the rising demand for cooling solutions. The primary factor contributing to this surge is the country's soaring temperatures and increasing awareness of the importance of indoor comfort. Australia's scorching climate necessitates reliable air conditioning systems to maintain a comfortable living and working environment. Also, the country's growing urbanization, expanding construction activities, and rising disposable incomes have fueled the demand for air conditioners in residential, commercial, and industrial sectors. Further, the adoption of energy-efficient technologies and the availability of eco-friendly options have also boosted market growth, making air conditioners an essential and sought-after commodity in Australia.

Restraints

Supply Chain Restraints

In recent years, the Australia air conditioner market has encountered significant challenges due to supply chain restraints. The surge in global demand for air conditioning units, coupled with disruptions in international trade and logistics, has led to shortages and delays in product availability. Australia heavily relies on imported air conditioners, and the scarcity of key components, such as compressors and refrigerants, has affected the manufacturing and distribution processes. Thus, consumers face longer waiting times and increased prices, while businesses struggle to meet customer demands. This restraint has prompted industry stakeholders to seek alternative sourcing strategies and invest in local manufacturing capabilities to mitigate supply chain vulnerabilities and ensure a steady supply of air conditioning units in the future.

Impact of COVID-19 on Australia Air Conditioner Market

The COVID-19 pandemic significantly impacted on Australia air conditioner market. With the implementation of lockdowns and travel restrictions, the construction and real estate sectors, which are major consumers of air conditioners, experienced a slowdown. This led to a decrease in the demand for new installations and replacements. Also, consumer spending was adversely affected due to economic uncertainties and reduced incomes, resulting in a decline in discretionary purchases such as air conditioning units. However, as restrictions eased and people spent more time at home, there was a surge in demand for residential air conditioners. The market also witnessed a shift towards more energy-efficient and sustainable cooling solutions as environmental concerns gained prominence. Overall, the pandemic had a mixed impact on the Australia air conditioner market, with varying trends across different segments.

Australia Air Conditioner Market

Segmental Coverage

Australia Air Conditioner Market – By Type

On the basis of type, Australia air conditioner market is segmented into Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, and Centralized Air Conditioner. Room air conditioner is the largest segment in the Australia air conditioner market by type. Room air conditioners are designed to cool or heat individual rooms and are commonly used in residential settings. They provide localized comfort and flexibility, allowing users to control the temperature in specific areas. With the growing demand for efficient cooling solutions in homes and small offices, the Room Air Conditioner segment holds a significant market share in Australia's air conditioner market.

Australia Air Conditioner Market – By End User

Based on end user, Australia air conditioner market is divided into Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, and Hospitality. Residential sector is the largest segment in the Australia air conditioner market. As one of the major segments, residential air conditioning accounts for a significant portion of the market demand. With a growing population and increasing urbanization, there is a rising need for air conditioning solutions in homes across Australia. Factors such as changing climate patterns, higher disposable incomes, and improving living standards contribute to the increasing demand for residential air conditioners. The residential sector includes individual households and apartments, making it a substantial segment in terms of market size and consumer base. Manufacturers and suppliers focus on providing energy-efficient and cost-effective solutions to meet the growing demand in this segment.

Competitive Landscape

Major players in the Australia air conditioner market include 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, and Actron Engineering Pty Ltd. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Million
Market Coverage	Australia
Product/ Service Segmentation	Type, End User
Key Players	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

 

By Type

• Room Air Conditioner

• Ducted Air Conditioner

• Ductless Air Conditioner

• Centralized Air Conditioner

By End User

• Residential

• Healthcare

• Commercial & Retail

• Transportation & Infrastructure

• Hospitality

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Australia Air Conditioners Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing urbanization and population growth
         2. Rising disposable income and improving living standards
         3. Growing awareness of energy efficiency and comfort
      2. Restraints
         1. Government initiatives promoting energy-efficient appliances
         2. Stringent regulations on energy consumption and greenhouse gas emissions
      3. Opportunities
         1. Increasing demand for smart and connected air conditioning systems
         2. Growing popularity of inverter technology for energy savings
      4. Challenges
         1. Shift toward energy-efficient and environmentally-friendly solutions
         2. Preference for multi-zone and ductless air conditioning systems
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Australia Air Conditioners Market Overview
   1. Market Size & Forecast (TAM) by Value, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Room Air Conditioner
         2. Ducted Air Conditioner
         3. Ductless Air Conditioner
         4. Centralized Air Conditioner
      2. By End User
         1. Residential
         2. Healthcare
         3. Commercial & Retail
         4. Transportation & Infrastructure
         5. Hospitality
         6. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Australia Air Conditioners Market Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on Australia Air Conditioners Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
   1. Daikin Australia Pty Limited
   2. LG Electronics Australia Pty Ltd
   3. AHIC (Australia) Pty Ltd (Carrier)
   4. Fisher & Paykel Australia Pty Limited (Haier)
   5. Samsung Electronics Australia Pty. Ltd.
   6. Panasonic Australia Pty. Ltd.
   7. Rinnai Australia Pty Ltd
   8. Mitsubishi Electric Australia Pty. Ltd.
   9. Electrolux Home Products Pty Limited
   10. Actron Engineering Pty Ltd
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumptions & Limitations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1 Australia Air Conditioners Market Segmentation

Figure 2 Australia Air Conditioners Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Australia Air Conditioners Market Size, By Value (USD Billion), 2019−2029

Figure 5 Australia Air Conditioners Market Share, By Type, By Value, 2019−2029

Figure 6 Australia Air Conditioners Market Share, By End User, By Value, 2019−2029

 

List of Tables

 

Table 1      Australia Air Conditioners Market Size, By Type, By Value, 2019−2029

Table 2      Australia Air Conditioners Market Size, By End User, By Value, 2019−2029

Table 3      Daikin Australia Pty Limited Company Overview

Table 4      Daikin Australia Pty Limited Financial Overview

Table 5      LG Electronics Australia Pty Ltd Company Overview

Table 6      LG Electronics Australia Pty Ltd Financial Overview

Table 7      AHIC (Australia) Pty Ltd (Carrier) Company Overview

Table 8      AHIC (Australia) Pty Ltd (Carrier) Financial Overview

Table 9      Fisher & Paykel Australia Pty Limited (Haier) Company Overview

Table 10    Fisher & Paykel Australia Pty Limited (Haier) Financial Overview

Table 11    Samsung Electronics Australia Pty Ltd Company Overview

Table 12    Samsung Electronics Australia Pty Ltd Financial Overview

Table 13    Panasonic Australia Pty Ltd Company Overview

Table 14    Panasonic Australia Pty Ltd Financial Overview

Table 15    Rinnai Australia Pty Ltd Company Overview

Table 16    Rinnai Australia Pty Ltd Financial Overview

Table 17    Mitsubishi Electric Australia Pty Ltd Company Overview

Table 18    Mitsubishi Electric Australia Pty Ltd Financial Overview

Table 19    Electrolux Home Products Pty Limited Company Overview

Table 20    Electrolux Home Products Pty Limited Financial Overview

Table 21    Actron Engineering Pty Ltd Company Overview

Table 22    Actron Engineering Pty Ltd Financial Overview