Best Top Reviews Online

The Indonesia Air Conditioners Market Is Expected To Reach $1.87 Billion By 2027, With A CAGR Of 4.3%

The report “Indonesia Air Conditioners Market, By Product Type (Splits, Windows, VRF, Chillers, and Others including Cassette, Ductable Splits, and Others), By End Use Sector (Commercial/Industrial and Residential), By Region, Competition, Forecast & Opportunities, 2015-2027F” has been added to ResearchAndMarkets.com’s offering.

“Indonesia Air Conditioners Market, By Product Type (Splits, Windows, VRF, Chillers, and Other includes Cassette, Ductable Splits, etc.), By End Use Sector (Commercial/Industrial and Residential), By Region, Competition, Forecast & Opportunities, 2015-2027F”

The Indonesia air conditioner market is expected to reach USD1,873.74 million by 2027 and grow at a CAGR of 4.30% during the forecast period, owing to rising residential demand, rising per capita income, an increase in sales through online platforms, and other factors.

During the COVID-19 pandemic, the manufacturing and production of air conditioners were severely impacted. Due to the country’s lockdown, both demand and supply of air conditioners were negatively impacted due to the halt in production activity, which further hampered overall market growth for a short period. Furthermore, because the Indonesian air conditioner market is import-driven, COVID-19 restrictions reduced air conditioner sales in Indonesia.

Furthermore, many air conditioning companies in Indonesia are focusing on expanding their manufacturing units to improve their services and reach a larger consumer base. Daikin, for example, will open its newest office in Indonesia in Batam in 2021. With the opening of this office, Daikin now has 13 official representative offices spread across Indonesian cities. Sharp, likewise, announced plans to build a new air conditioner manufacturing facility in Karawang Province’s Karawang International Industrial City (KIIC).

Consumers’ changing lifestyles are propelling market growth forward.

Several sociocultural, psychographic, and demographic factors influence consumer lifestyle. In recent years, Indonesia has undergone a significant transformation. The modern Indonesian consumer aspires to live a luxurious and comfortable life. Because of changing consumer lifestyles and the country’s hot and humid climate for most of the year, as well as the rapid growth of the service sector and per capita income, middle-class demand for air conditioners in Indonesia is expected to rise during the projection period.

Rising living standards are driving the market growth.

The rising income level improved living standards and expanding range of offers and discounts all influence demand for air conditioners in the Indonesian market. Furthermore, to make their products more accessible to customers of all income levels, air conditioning companies are now offering their products and services in equal monthly installments (EMI). These factors are expected to have an impact on Indonesia’s increasing air conditioner sales. Furthermore, Indonesia’s internet penetration rate is increasing, with 73.7% of the population having access as of January 2021. As a result, air conditioner manufacturers now have new e-commerce platforms through which to easily connect with their customers. The internet sales channel has enabled companies to expand their distribution networks and connect with customers in even the most remote areas, which has aided the growth of the Indonesian air conditioner industry.

Companies’ energy-efficient offerings are boosting the market growth.

To meet the demand for energy savings, manufacturers are working on product innovation and launching new products. LG, for example, has introduced the AC New Hercules by LG, which has a higher cooling capacity than other air conditioning products. The original 1/2 PK air conditioner has a 5,000 BTU (British thermal unit) capacity and only consumes 370 watts of power. Furthermore, government refrigerant regulations require businesses to develop eco-friendly and energy-efficient devices. The market has seen several technological advancements as a result of the phase-out of important refrigerants. CFCs (Chlorofluorocarbons), the most commonly used refrigerants, will be completely replaced by alternative refrigerants in the coming years. In the coming years, such factors are expected to drive growth in the Indonesian air conditioner market.

Report Purpose:

In this report, the Indonesia air conditioners market has been divided into the following categories, in addition to the industry trends discussed below:

Indonesia Air Conditioners Market, By Product Type:

  • Split
  • Window
  • VRF
  • Chiller
  • Others (Cassette, Ductable Splits, etc.)

Indonesia Air Conditioners Market, By End Use Sector:

  • Residential
  • Commercial/Industrial

Indonesia Air Conditioners Market, By Region:

  • Java
  • Jakarta
  • Sumatra
  • Kalimantan
  • Bali
  • Rest of Indonesia

Why Trust Us?

Best Top Reviews Online was founded in 2018 to provide our readers with thorough, unbiased, and independent advice on what to buy. We now have millions of monthly users from all over the world and evaluate over 1,000 products per year.

The article above was written by the BestTopReviewsOnline team, which includes many of the US’s most knowledgeable technical experts. Our team includes well-known writers with extensive experience in mobile phones, computing, technology, photography, and other fields.

Related Stories

  • All Post
  • Audio
  • Best Picks
  • Computers
  • Explainers
  • How To
  • Laptops
  • Mobiles
  • Monitors
  • News
  • Smart Home
  • Smartwatches
  • Tablets
  • Tech
  • TVs
  • Versus
The 10 Best Window Air Conditioners

August 14, 2022

Opening a window or running a fan on a hot summer day is simply not enough to keep you cool, dry, and comfortable. Not to mention the agony of trying to get a good night’s sleep in a stuffy and…

Editors' Picks

  • All Post
  • Audio
  • Best Picks
  • Computers
  • Explainers
  • How To
  • Laptops
  • Mobiles
  • Monitors
  • News
  • Smart Home
  • Smartwatches
  • Tablets
  • Tech
  • TVs
  • Versus

Get more info

Deals

Reviews

Best Products

Buying Guides

Contact Us

About Us

We provide a platform for our customers to rate and review services and products, as well as the stores that sell them. We research and compare the most popular brands and models before narrowing it down to the top ten, providing you with the most comprehensive and reliable buying advice to help you make your decision.

Disclaimer

BestTopReviewsOnline.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. As an Amazon Associate I earn from qualifying purchases.

 

Address & Map

20 S Santa Cruz Ave, Suite 300, Los Gatos, CA 95030, United States

© 2022 BestTopReviewsOnline.com Pty. Ltd. All Rights Reserved. Licensing: All third-party trademarks, images, and copyrights used on this page are for comparative advertising, criticism, or review. As this is a public forum where users can express their opinions on specific products and businesses, the opinions expressed do not reflect those of BestTopReviewsOnline.com.