Australia Air Conditioning Market 2022-2028

Australia Air Conditioning Market 2022-2028

The Australia air conditioning market is estimated to grow at a modest growth rate during the forecast period. Some of the motivating factors of the market include large desert areas in the country which results in heatwaves, which generates a significant need for air conditioning in the country. Moreover, high disposable income in the country is also a major factor due to which people can afford the air conditioning system in the country. Result of this, the residential segment is expected to have a significant market share during the forecast period.

Australia is one of the most affected countries from ozone depletion due to the emission of refrigerants. Due to this, the country has restricted production and imports of several refrigerants. For instance, the country has limited the import of R22 to 45 tons from 2021 to 2029 and from January 1, 2030, the imports of the R22 will be banned entirely. From January 1, 2021 R22 can be used only for servicing existing refrigeration and air conditioning equipment. As per the Department of the Environment and Energy, HFCs such as R-134a and R-410a are among the most common refrigerant used in the country, which is around 81% of the total refrigerant volume used in the country in 2021. Due to this, the HFCs segment is expected to have a major market share during the forecast period with a significant growth rate.

The companies which are contributing to the growth of the market include Daikin Industries Ltd., Electrolux AB, Fujitsu General Ltd., LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Rinnai Corp., United Technologies Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.

Market Segmentation

Australia Air Conditioning Market Research and Analysis by Application

Australia Air Conditioning Market Research and Analysis by Type

Australia Air Conditioning Market Research and Analysis by Refrigerant Type

The Report Covers

Comprehensive research methodology of Australia Air Conditioning market.

This report also includes a detailed and extensive market overview with key analyst insights.

An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

Analysis of regional regulations and other government policies impacting the Australia Air Conditioning market.

Insights about market determinants that are stimulating Australia Air Conditioning market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.