China Air Conditioner (AC) Market (2021-2027) | Size, Share & 6wresearch

China Air Conditioner Market Overview

China Air Conditioner Market is anticipated to project substantial growth during the forecast period owing to the rising disposable income. The rise in per capita income has led to the increase in the standard of living, further beholds the growth of the market. Additionally, expansion of residential, commercial and industrial sector backed by rising migration is driving the need for temperature regulation further driving the growth of the market.

According to 6Wresearch, China AC Market size is projected to grow at a CAGR of 7.6% during 2021-2027. China occupies 20th position in terms of the market size in the APAC Air Conditioner Market. Increasing adoption of air conditioner as necessity instead of luxury is propelling the growth of the market. Additionally, the market is also driven by the factors such as strengthening of hospitality and tourism sector. Establishment of hotels, restaurant and malls drives the increasing growth of Air Conditioner market in China. The outbreak of COVID-19 has hampered the growth of the market on account of temporary shutting down of manufacturing units and retail stores. The nationwide lockdown led to the pause on regular operations further led to the disruption in the growth of the market.

Market Analysis by Type

In terms of market by types, Room Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types.

Key Highlights of the Report:

• China Air Conditioner Market Outlook
• China Air Conditioner Price Trends
• China Air Conditioner Market Drivers and Challenges
• China Air Conditioner Porter's Five Forces
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• China Air Conditioner Industry Life Cycle
• China Air Conditioner Top Companies Market Share
• China Air Conditioner Company Profiles
• China Air Conditioner Key Strategic Recommendations
• China Air Conditioner Market Trend Evolution
• China Air Conditioner Import Export Trade Statistics

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