In 2021, Daikin established its newest office in Batam, Indonesia. With the launch of this office, Daikin now has 13 official representative offices scattered across various cities in Indonesia. Similarly, Sharp announced its plans to build a new air conditioner production site at the Karawang International Industrial City (KIIC) in Karawang Province.
From the demand side, According to the analysis, the CAGR of air conditioner demand in Indonesia from 2017-2021 is -2.0%, and in recent years, there has been a small decline in air conditioner demand in the Indonesian market due to the impact of COVID-19. After the demand for air conditioners in Indonesia grew by 1.11% in 2019, the Indonesian air conditioner market began to shrink due to the epidemic, and the demand for air conditioners in Indonesia fell to 2.159 million units in 2021, an increase of 11.92% year-on-year, the demand market gradually rebounded.
According to the analyst, the market size of air conditioning industry will reach US$ 227.11 million in 2032 and the CAGR in 2023 to 2032 is 4.30%.
Due to increasing demand from the residential sector, rising per capita income, and surge in sales through online platforms, Yuan Ze Consulting forecasts that the Indonesian air conditioning market is expected to reach USD 184 million by 2027 and grow at a CAGR of 4.30% during the forecast period.
Topics Covered
- Indonesia Air Conditioning Industry Overview
- The economic and policy environment of the air conditioning industry in Indonesia
- What is the impact of COVID-19 on the air conditioning industry in Indonesia?
- Indonesia Air Conditioning Industry Market Size 2023-2032
- Analysis of major Indonesian air conditioning industry manufacturers
- Key Drivers and Market Opportunities in Indonesia's Air Conditioning Industry
- What are the key drivers, challenges and opportunities for the air conditioning industry in Indonesia during the forecast period of 2023-2032?
- Which are the key players in Indonesia Air Conditioning Industry market and what are their competitive advantages?
- What is the expected revenue of Indonesia Air Conditioning Industry market during the forecast period 2023-2032?
- What are the strategies adopted by the key players in the market to increase their market share in the industry?
- Which segment of the Indonesia Air Conditioning Industry market is expected to dominate the market by 2032?
- What are the main negative factors facing the air conditioning industry in Indonesia?
Companies Mentioned
- PT. Daikin
- PT. LGPT. Panasonic
- PT Gree Electric
- PT Mitsubishi
- PT Samsung Electronics
- PT. Sharp Electronics
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 60 |
| Published | May 2023 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 155.48 Million |
| Forecasted Market Value ( USD | $ 227.1 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Indonesia |
| No. of Companies Mentioned | 6 |
