Australia Air Conditioner (AC) Market Overview, 2028

Australia Air Conditioner (AC) Market Overview, 2028
The Australian air conditioner market is expanding at a rapid pace. The growing demand for energy-efficient air conditioning systems as consumers seek environmentally friendly solutions and aim to reduce energy usage is a major driver driving the growth of the Australian air conditioner market. In keeping with this, inverter technology, which delivers higher energy economy and precise temperature control, is becoming more popular. Another emerging trend is the growing popularity of smart air conditioners, which can be managed remotely via mobile devices and provide convenience as well as energy management capabilities. In addition, air purification and filtration features are becoming increasingly popular, with customers valuing clean and healthy indoor air. Overall, the market is shifting toward more sustainable refrigerants, such as hydrofluoroolefins (HFOs), as worries about the effects of global warming grow. In recent years, Australia's air conditioner market has seen tremendous expansion, driven by increased demand for cooling solutions. The primary cause of this increase is the country's rising temperatures and growing awareness of the importance of indoor comfort. In order to maintain a comfortable living and working environment in Australia's sweltering temperatures, dependable air conditioning systems are required. Furthermore, the country's increasing urbanization, expanding construction activity, and rising disposable incomes have increased demand for air conditioners in the residential, commercial, and industrial sectors. Furthermore, the development of energy-efficient technologies and the availability of environmentally friendly solutions have supported market growth, making air conditioners a necessary and sought-after commodity in Australia.

According to the research report ""Australia Air Conditioner (AC) Market Overview, 2028,"" published by Bonafide Research, the Australia Air Conditioner (AC) market is expected to add more than USD 1 Billion from 2023 to 2028. The air conditioning sector in Australia is characterized by a significant emphasis on energy efficiency, smart integration, and eco-friendliness. One major development is the use of inverter technology in air conditioners, which allows them to modify compressor speed based on cooling demands, resulting in significant energy savings and precise temperature control. Furthermore, the incorporation of smart technologies and Wi-Fi connectivity is increasing, allowing consumers to operate and monitor their AC units remotely via mobile apps, resulting in increased convenience and energy management. Environmentally friendly refrigerants with reduced Global Warming Potential (GWP) are becoming more common, harmonizing with Australia's environmental aims. Furthermore, the industry is seeing an increase in ductless and multi-split systems, which allow for zoning and efficient cooling or heating in specific areas, decreasing energy waste. Advanced air purification and filtration technologies are gaining popularity as a means of addressing indoor air quality challenges, particularly in urban settings. Finally, there is growing interest in solar-assisted air conditioning, which uses renewable energy sources to power AC systems, decreasing environmental impact and energy costs even further. These technical advances highlight Australia's commitment to air conditioning solutions that are sustainable, energy efficient, and comfortable. Energy efficiency is paramount in the Australian market due to the country's high energy costs and environmental concerns. Variable refrigerant flow (VRF) systems, which can efficiently distribute heating and cooling to multiple zones, are gaining popularity in commercial and large residential applications. These systems can adapt to changing conditions, ensuring optimal comfort while minimizing energy consumption.

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 portable AC type is predicted to grow at the fastest rate in Australia. Portable AC units are incredibly easy to install. They do not require any permanent installation or modifications to the structure of a building, making them a convenient choice for both homeowners and renters. As the name suggests, these units are highly portable. They can be moved from room to room as needed, providing cooling precisely where it's required. This flexibility is particularly appealing in homes with changing usage patterns or in smaller spaces. Modern portable AC units often come equipped with energy-saving features, including inverter technology and programmable timers. These features help reduce energy consumption and lower electricity bills, aligning with Australia's emphasis on energy efficiency. Based on end user market include, residential, commercial and industrial. Commercial segment is expected to grow at fastest rate in Australian market. The expansion of Australia's economy and business sector has resulted in the growth of commercial spaces such as office buildings, shopping centers, hotels, and restaurants. The demand for efficient and effective air conditioning systems in these environments is growing. Many companies are actively exploring sustainability measures in order to lower their carbon footprint and exhibit environmental stewardship. These corporate sustainability goals are aligned with energy-efficient and environmentally friendly commercial air conditioning systems. The flourishing tourist and hospitality business in Australia, which includes hotels, resorts, and restaurants, needs efficient and dependable air conditioning solutions in order to give guests a comfortable and delightful experience.

Based on tonnage market include, upto 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton. Commercial establishments, including offices, retail stores, restaurants, and hotels, often require larger AC units to cool larger areas effectively. The 2-ton to 5-ton range of ACs is well-suited for these spaces, offering the necessary cooling capacity to maintain comfortable indoor temperatures. Australia's growing economy has led to an increase in commercial developments and larger office spaces. As businesses expand, there is a corresponding need for more powerful and efficient AC units to meet cooling demands. Based on technology market include, invertor ACs and non-invertor ACs. Invertor ACs is predicted to register highest CAGR in Australia air conditioner market. In the Australia air conditioner market, invertor AC technology is predicted to grow at the fastest rate. Inverter air conditioners are well-known for their ability to maintain correct and steady indoor temperatures. This is especially relevant in Australia because the climate changes from region to region. The capacity to accurately manage the indoor environment is especially vital in locations where temperatures vary dramatically, such as the northern and southern hemispheres. Inverter air conditioners are versatile since they may be used for both cooling and heating. In Australia, where areas of the country endure both hot summers and cold winters, these systems provide year-round comfort. Consumers can use the same device for cooling and heating in the summer and winter, eliminating the need for different heating solutions. Based on distribution channel market include multi brand stores, exclusive stores, online and others. Majority of the air conditioners are distributed through multi brand stores and is dominating the market as well.

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

Aspects covered in this report:
• Australia 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.