Asia Air Conditioner Market Size, Share | Growth Report [2032]
According to the International Energy Agency (IEA), air conditioning unit penetration is higher among households in Southeast Asian countries, including Singapore
The Asia air conditioner market size was valued at USD 12.16 billion in 2024. The market is projected to grow from USD 12.74 billion in 2025 to USD 18.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.77% over the forecast period.
Significant household penetration of affordable air conditioning systems featuring analog interfaces, buttons, and dials resulted in the manual segment holding a majority of the Asia air conditioner market share in 2024.
Asia air conditioner market is competitive with the presence of leading companies, including Voltas Limited, Samsung Electronics Co., Ltd., Hitachi, Ltd., GREE ELECTRIC APPLIANCES, INC., and DAIKIN INDUSTRIES, Ltd. in the market. These top 5 players account for 25.86% of the market share in 2024.
Singh and Das [23 – 26] investigated the potential application and operational strategies of solar energy in the field of building air-conditioning systems, the findings revealed that the incorporation of solar energy can substantially decrease the energy consumption of air-conditioning systems while enhancing their economic viability.
PDF version includes complete article with source references.
Get technical specifications, ROI analysis tools, and pricing information for our BESS integration and energy storage solutions.
Av. de la Innovación 15
28042 Madrid, Spain
+34 91 133 2769
Monday - Friday: 9:00 AM - 6:00 PM CET