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Thailand air conditioner market is projected to reach $ 3 billion mark by 2025

Thailand air conditioner market is projected to reach $ 3 billion mark by 2025, owing to the increasing disposable income of consumers, rising population, increasingly affordable product offerings and expansion of multinational brands resulting in better brand availability than before. https://bit.ly/36IQZoZ

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Thailand air conditioner market is projected to reach $ 3 billion mark by 2025

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  1. 2015 – 2025 THAILAND AIR CONDITIONERS MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Scope of Report Product of Interest (POI): Air Conditioners Air conditioners are electrical appliances used to control humidity, ventilation, and temperature of a particular area. Based on product type, air conditioners can be segregated into splits, VRFs, chillers, windows and others. Market Segmentation END USE SECTOR PRODUCT TYPE • Chillers • VRFs • Splits • Windows • Others (Precision AC, Packaged AC, Portable, Floor Standing etc.) • Residential • Commercial/Industrial Review Period 2015 – 2018 Base Year 2019 Estimated Year 2020 Forecast Period 2021 – 2025 Year Range REGION • North • Central • North East • East • South

  3. Table of Contents

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  7. RESEARCH METHODOLOGY

  8. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the Thailand air conditioners market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Thailand air conditioners market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

  9. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Thailand air conditioners market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing construction activities in hospitality and tourism sectors coupled with increasing investments by government for infrastructure developments, etc. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Thailand air conditioners market. Methodology Followed for Calculation of Market Size: • Market Size By Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as air conditioners companies, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 air conditioners companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in Thailand air conditioners market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

  10. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by product type, by end use sector, by region, by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market sharesby product type, by end use sector, by region, by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of Thailand air conditioners market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Thailand air conditioners market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis

  11. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term periods to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.

  12. Industry Brief According to TechSci Research report, “Thailand Air Conditioners Market By Product Type, By End User, By Region, By Company, Competition, Forecast & Opportunities 2025”, Thailand air conditioners market is forecast to cross $ 3 billion by 2025 on account of expanding population and rising disposable income of consumers. Moreover, advancements in product technology and availability of various well-known brands have been positively influencing the market. Besides, consumer shift towards better quality, performance and features will further drive demand for air conditioners in Thailand during the forecast period. Furthermore, hot weather and increasing product affordability of middle-income customers and growing popularity towards energy-efficient air conditioner will propel the market in the coming years. With air conditioners becoming one of the necessary products in Thai households coupled with spread of COVID-19, the trend of buying air conditioners online is gaining strength in the country. Based on the product type, Thailand air conditioner market is segmented into (Splits, VRFs, Chillers, Windows, and Others ((Portable, floor etc.). As of 2019, Split type air conditioner category held the largest share in the Thailand air conditioners market. In addition, companies are also increasingly manufacturing energy-efficient and affordable air conditioners to fulfil the demand for the residential segment. Furthermore, Chiller type air conditioner segment holds the second largest market share in value terms in Thailand air conditioners market due to increasing commercial space. Thailand air conditioners market is further segmented based on end use sector. In 2019, the residential air conditioner end user segment held the largest market share in Thailand air conditioners market due to growing population and increasing residential real estate construction. In addition, availability of easy financing options is boosting the growth of air conditioners market in the country. Furthermore, small offices and shops are also opting for the residential air conditioner as the installation of a commercial air conditioner involves a lot higher investment, which not everyone can afford. However, VRFs and chiller type air conditioners are highly opted and suitable for big commercial spaces such as factories, offices, and institutions due to their higher cost-efficiency. Based on the region, Thailand air conditioner market is segmented into Northern Thailand, Eastern Thailand, North East Thailand, Southern Thailand, Western Thailand, Central Thailand. Until 2019, North Thailand held the largest market share and this trend is expected to continue through the forecast period. Some of the leading players in Thailand air conditioner market include Daikin Industries (Thailand) Limited, Mitsubishi Electric Consumer Products (Thailand) Co.,Ltd, Panasonic (Thailand) Co.,Ltd., Midea Refrigeration Equipment (Thailand) Co., Ltd., Thai Samsung Electronics Co., Ltd, LG Electronics (Thailand) Co.,Ltd., Sharp Thai Co., Ltd, Hitachi Sales (Thailand), Ltd, Haier Electrical Appliances (Thailand) Co., Ltd., Carrier (Thailand) Co., Ltd., Toshiba Carrier (Thailand) Co., Ltd. among others. “Air conditioners market is growing in Thailand due to rising demand from both residential and commercial sectors. Consequently. leading brands are also rapidly trying to capture the customer base from both the sectors. Market players are increasing their focus on providing the latest technologies and features for attracting the costumers in addition to offering smooth after-sale services.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

  13. Sample Data - Snapshot Thailand Air Conditioners Market Size, By Value (USD Million) & Volume (Thousand Units), 2015–2025F Thailand Air Conditioners Market Share, By Product Type, By Value, 2015–2025F Thailand Split Air Conditioners Market Share, By End Use Sector, By Value, 2015–2025F

  14. Report Ordering Report Name: THAILAND AIR CONDITIONERS MARKET FORECAST & OPPORTUNITIES 2015 – 2025 To View Sample OR Purchase Report

  15. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Air Conditioners Market By Product Type (Light Commercial Air Conditioner, Ductable Splits, VRF, Chiller and Others), By Region (Asia-Pacific, North America, Europe, South America and MEA), Competition Forecast & Opportunities, 2025 • India Air Conditioners Market By Product Type (Light Commercial Air Conditioners, Ductable Splits, VRF, Chillers, and Others), By End Use Sector (Residential, Commercial and Industrial), Competition Forecast & Opportunities, 2025 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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