Argentina Air Conditioner (AC) Market Overview, 2028

Argentina Air Conditioner (AC) Market Overview, 2028
Argentina's air conditioner market is significant due to its diversified climate, which runs from subtropical in the north to subpolar in the south. Over the years, the market has grown steadily, owing to reasons such as increased urbanization, rising disposable incomes, and a greater awareness of the necessity of air conditioning for comfort and productivity. Argentina is becoming more concerned about energy efficiency, and consumers are increasingly looking for air conditioning equipment with higher energy efficiency ratings. In response, manufacturers have introduced more energy-efficient models, including ones incorporating inverter technology. Argentina's air conditioners have various distinct features and specialties that are adapted to the country's specific needs and climate. Its tolerance to a wide range of climatic circumstances is one of its most notable characteristics, as Argentina has a vast range of weather patterns, from the searing heat of the northern areas to the frigid winters in the south. As a result, air conditioners in Argentina are frequently fitted with both cooling and heating functions, making them versatile year-round options. Another distinguishing feature is energy efficiency, as consumers and businesses in Argentina place a premium on eco-friendly and cost-effective equipment. Argentina's focus on environmental sustainability has led to the use of eco-friendly refrigerants with lower global warming potential (GWP). To comply with worldwide environmental norms and laws, manufacturers have been migrating to these more ecologically friendly refrigerants. Air conditioners that can both cool and heat have grown in favor in Argentina. This dual-purpose functionality is critical, especially in colder climates, because it allows consumers to utilize the same device for year-round climate management. The importance of indoor air quality is becoming more widely recognized, particularly in light of the COVID-19 pandemic. To improve indoor air quality and health, air conditioners with advanced filtration systems and air purifiers are in high demand.

According to the research report ""Argentina Air Conditioner (AC) Market Overview, 2028,"" published by Bonafide Research, the Argentina Air Conditioner (AC) market is anticipated to grow at 6.66% CAGR from 2023 to 2028. Consumers are becoming more concerned with the aesthetics of air conditioning devices. Manufacturers respond by creating sleek, modern designs that may be customized to match any interior décor. Smart thermostats are becoming increasingly popular in Argentina, allowing customers to more effectively control and schedule their air conditioning systems. These gadgets aid in the optimization of energy utilization and the enhancement of user comfort. Hotels and resorts account for a sizable portion of the business sector's need for air conditioning. It is critical to provide climate-controlled rooms and public areas to ensure guest happiness and comfort. For patient comfort and the safe operation of medical equipment, hospitals, clinics, and healthcare centers require precise temperature and humidity management. Air conditioning is an essential component of Argentina's healthcare system. As digitization progresses, data centers have become an essential component of many industries. These facilities rely on precision air cooling to keep servers and IT equipment at the appropriate operating temperature. Air conditioning units are widely placed in public transportation vehicles such as buses and subway carriages to provide passengers with comfort during their journeys. In order to maintain uninterrupted and safe operations, the energy sector, which includes power plants and utility companies, relies on air conditioning systems to cool essential infrastructure and control rooms.

Based on product type market is divided into window AC, portable AC, ductless multi split AC, packaged AC, floor mounted AC, central AC, variable refrigerant AC and others. Among them market is majorly dominated by ductless multi split AC with significant market share. The energy efficiency of ductless multi-split systems is well known. They use inverter technology, which regulates the speed of the compressor to fulfill the precise cooling needs of a space. Inverter technology, as opposed to traditional systems that regularly cycle on and off at full capacity, provides a continuous and effective cooling process. Given Argentina's escalating energy prices, households and companies are increasingly prioritizing energy-efficient products in order to lower their electricity bills. This purpose is ideally aligned with multi-split systems. Multi-split systems are adaptable and can be utilized for a variety of purposes, including cooling different rooms in residences and providing climate control in commercial settings. They are appropriate for bedrooms, living rooms, kitchens, workplaces, restaurants, and other locations, making them an excellent choice for both residential and business consumers. Based on tonnage market is majorly segmented into upto 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton. Tonnage upto 2 ton is majorly preferred by customers in Argentina as residential application is major end user of Air conditioner in Argentina. Air conditioner upto 2 ton are best suited for the residential application hence it dominates the market as well.

Based on technology market includes, invertor ACs and non-invertor ACs. Invertor AC technology is expected to register highest CAGR in Argentina air conditioner market. Inverter air conditioners are well-known for their ability to keep indoor temperatures accurate and stable. This is especially important in Argentina because the climate varies by region. The ability to precisely regulate the indoor climate is especially important in areas with dramatic temperature variations, such as the northern and southern hemispheres. Inverter air conditioners are versatile and typically provide both cooling and heating. In Argentina, where parts experience both sweltering summers and freezing winters, these systems provide year-round comfort. In the summer and winter, consumers can use the same device for cooling and heating, eliminating the need for separate heating solutions. The distribution channel of the market includes multi brand stores, exclusive stores, online and others. Air conditioners are majorly distributed through multi brand stores and is leading distribution channel for Air conditioners in Argentina. Multi-brand stores typically offer a diverse range of air conditioner brands and models. This variety allows consumers to compare different options, features, and price points in one place. It caters to a wide spectrum of consumer preferences and budgets, making it a convenient shopping destination for a broad customer base. In a multi-brand store, consumers have the opportunity to physically inspect and assess the air conditioning units on display. This tactile experience allows customers to evaluate build quality, design, and aesthetics, which can be important factors in the decision-making process. Some of the major multi-brand stores in Argentina that distribute air conditioners include, Garbarino, Frávega, Ripley, HiperCo and many more.

Considered in this report:
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Argentina Air Conditioner (AC) market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Window AC
• Portable AC
• Ductless Multi Split AC
• Packaged AC
• Floor Mounted AC
• Central AC
• Variable Refrigerant AC
• Others

By End User:
• Residential
• Commercial
• Industrial

By Tonnage:
• Up to 2 Ton
• 2 Ton to 5 Ton
• 5 Ton to 10 Ton
• More Than 10 Ton

By Technology:
• Inverter ACs
• Non-Inverter ACs

By Distribution Channel:
• Multi-brand Stores
• Exclusive Stores
• Online
• Other Channels

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Air Conditioner (AC) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.