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APAC hand sanitizer market is projected to witness a CAGR of 17% during 2021 – 2025 due to rising awareness about healthy lifestyle & wellness, spread of COVID-19, shifting consumer preference towards convenient hygiene products, increasing product variants, and rising disposable income across the region.https://bit.ly/33UmAC3
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MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com
2015 – 2025THAILAND AIR CONDITIONERS MARKETFORECAST & OPPORTUNITIES
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Note: These are dummy figures; please purchase our report for actual data
Scope of ReportProduct of Interest (POI): Air Conditioners
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
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 SegmentationEND USE SECTOR
• Residential• Commercial/Industrial
REGION• North • Central• North East• East• South
PRODUCT TYPE
• Chillers• VRFs• Splits• Windows• Others (Precision
AC, Packaged AC, Portable, Floor Standing etc.)
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S. No.
Contents
1. Product Overview (Definition of product and major terminologies used in the report)
2. Research Methodology (Detailed description of the methodology used to conduct the research, Raw data backup, list of all secondary sources, List of respondents for primary surveys)
3. Executive Summary4. Voice of Customer
4.1. Brand Awareness4.2. Factors Influencing Purchase Decisions4.3. Brand Satisfaction Level4.4. Challenges Faced Post Purchase
5. Global Air Conditioners Market Overview6. Thailand Air Conditioners Market Outlook
6.1. Market Size & Forecast6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Product Type (Splits, VRFs, Chillers, Windows, and Others (Precision AC, Packaged AC, Portable, Floor Standing etc.))
6.2.2. By End Use Sector (Residential Vs Commercial/Industrial)6.2.3. By Region 6.2.4. By Company
6.3. Product Market Map7. Thailand Split Air Conditioners Market Outlook
7.1. Market Size & Forecast7.1.1. By Value & Volume
Table of Contents
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Contents
7.2. Market Share & Forecast
7.2.1. By End Use Sector
7.3. Product Benchmarking8. Thailand VRFs Air Conditioners Market Outlook
8.1. Market Size & Forecast8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End Use Sector
8.3. Product Benchmarking9. Thailand Chillers Air Conditioners Market Outlook
9.1. Market Size & Forecast9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End Use Sector
9.3. Product Benchmarking10. Thailand Windows Air Conditioners Market Outlook
10.1. Market Size & Forecast10.1.1. By Value & Volume
10.2. Market Share & Forecast10.2.1. By End Use Sector
10.3. Product Benchmarking
Table of Contents
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Contents
11. Thailand Others Air Conditioners Market Outlook11.1. Market Size & Forecast
11.1.1. By Value & Volume12. Supply Chain Analysis13. Import - Export Analysis
14.Market Dynamics (This chapter assesses the major demand drivers and restrains. In addition, this section also analyzes its impact on the demand of the product during study period. As a part of study, this chapter would also examine Porter’s Five Forces and PESTLE Framework)14.1. Drivers14.2. Challenges
15.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)
16. Policy & Regulatory Landscape17. Impact of COVID-19 on Thailand Air Conditioners Market18. Thailand Economic Profile19. Competitive Landscape
19.1. Competition Outlook19.2. Company Profiles (Top 10 Leading Companies)
19.2.1. Company Details19.2.2. Products & Services19.2.3. Financials (As Reported)19.2.4. Key Market Focus & Geographical Presence19.2.5. Expansion Strategies
Table of Contents
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Contents
19.2.6. Key Management Personnel
20. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)
21. About Us & Disclaimer
Table of Contents
RESEARCH METHODOLOGY
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Research Methodology
Identifying Key Opinion Leaders
Questionnaire Design In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the Thailand air
conditioners market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
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 Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights Business
Solution
Primary Research Desk Research Company Analysis
Recent Developments Market Changing
Aspects/Dynamics Government Policies Conclusion
Market Participants Key Strengths
LinkedIn TechSci Internal
Database
Factiva Hoovers
Paid Sources
Company Websites Company Annual
Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Secondary Research
Primary Research
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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.
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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 shares by 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
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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.
Partial List of Companies Interviewed Key Secondary Sources
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.
World Bank
TechSci Research Proprietary Database & Knowledge
Repository
Company Annual Reports
Industry Magazines
Industry Reports
News Dailies
Credible Paid Databases
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Industry BriefAccording 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.
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Sample Data - Snapshot
Thailand Air Conditioners Market Size, By Value (USD Million) & Volume (Thousand Units), 2015–2025F
2015 2019 2020E 2025F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
By Value (USD Million)By Volume (Thousand Units)
CAGR BY VALUE: XX%CAGR BY VOLUME: XX%
CAGR BY VALUE: XX%CAGR BY VOLUME: XX%
20152016201720182019
2020E2021F2022F2023F2024F2025F
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
20%20%20%20%20%20%20%20%20%20%20%
Chillers VRFs Splits Windows OthersThailand 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
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%Com-mercial/Industrial
Resi-dential
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Report Ordering
Report Name: THAILAND AIR CONDITIONERS MARKETFORECAST & OPPORTUNITIES
2015 – 2025
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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.
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• 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
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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