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Vietnam Air Conditioners Market By Type of Air Conditioner (Split Air Conditioners, Window Air Conditioners, Portable Air Conditioners, Ducted Air Conditioners, Cassette Air Conditioners, Floor Standing Air Conditioners) By Cooling Capacity (Low-Capacity Air Conditioners (Below 18,000 BTU), Medium-Capacity Air Conditioners (18,000 – 36,000 BTU), High-Capacity Air Conditioners (Above 36,000 BTU)) By End Users (Residential, Commercial, Industrial, Hospitality, Healthcare, Education) By Technology and Features (Inverter Air Conditioners, Smart Air Conditioners, Energy-Efficient Air Conditioners, Standard Air Conditioners, Multi-Split Air Conditioners) By Distribution Channel (Retail Stores, E-commerce, HVAC Contractors) – Growth, Future Prospects & Competitive Analysis, 2022 – 2030

Price: $1999

Published: | Report ID: 30724 | Report Format : PDF

Market Insights

  • The  demand for Vietnam air conditioner was valued at USD 1315.5 million in 2022 and is expected to reach USD 2602.0 Million in 2030, growing at a CAGR of 8.90% between 2023 and 2030.
  • The split air conditioners category is predicted to grow at the fastest CAGR, while the window air conditioners segment is expected to grow at the slowest.
  • The medium-capacity air conditioners (18,000 – 36,000 BTU) segment dominates market demand, while the high-capacity air conditioners (over 36,000 BTU) segment is also important.
  • The residential sector is the most important contributor to the market, and the commercial category will grow dramatically.
  • The inverter section has the biggest market share over the forecast period, while energy-efficient air conditioners has been highlighted as having a higher CAGR (Compound Annual Growth Rate).
  • The most popular segment of the air conditioner market is retail outlets, while the second-largest segment is e-commerce.
  • Construction spending is increasing, which drives market growth.
  • High installation and maintenance expenses stymie market expansion.

Vietnam Air Conditioners Market

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 Executive Summary

Market Definition

An air conditioner is a type of electric device used to dehumidify and chill indoor spaces. It collects heat from the air and releases it outside to produce a cozy and controlled environment. An air conditioner’s components include a compressor, condenser, evaporator, and refrigerant. The compressor compresses the refrigerant before it flows into the condenser, where it releases heat. The refrigerant is then directed to the evaporator, where it absorbs heat from the indoor air and cools it. The hot air is subsequently evacuated outside, while the cooled air is returned inside. Air conditioners are widely used to maintain a pleasant temperature and humidity level in homes, workplaces, and other structures.

Market Overview

It is anticipated that between 2023 and 2030, the Vietnam Air Conditioner Market will expand at a compound annual growth rate (CAGR) of 8.90%. From USD 1315.5 million in 2022, the market is projected to be worth USD 2602.0 million by 2030.

The air conditioner market is a thriving one that is expanding. With rising temperatures and urbanization, demand for air conditioners is increasing. The market provides numerous options, including various types, sizes, and energy efficiency ratings. Daikin, LG, Mitsubishi Electric, and Carrier are among the market’s key participants. Technological improvements, energy efficiency standards, and consumer preferences for comfort and convenience all drive the market.

Segmentation by Type of Air Conditioner

  • The Split Air Conditioners is the largest part. Split Air Conditioners refers to air conditioning systems that have two units: an indoor unit positioned on a wall inside the room and an outdoor unit located outside the building. This market is popular because of its versatility, energy efficiency, and low cost. It effectively cools individual rooms or small regions. Window AC, Ducted AC, Rooftop Packaged, Ductless AC (Cassette, Floor Standing, Ceiling Suspended), and Centralized AC (VRF, AHU/FCU, Chiller) are other categories in the Vietnam air conditioner market. However, in terms of market demand and consumer desire, the Split Room AC sector dominates.
  • Moreover, the Window Air Conditioners segment is expected to develop at the fastest CAGR of roughly 31.0%.

  Segmentation by Cooling Capacity

  • The medium-capacity air conditioners (18,000 – 36,000 BTU) segment tends to dominate market demand. This segment is popular among residential and business customers because it provides a good mix of cooling capacity and energy efficiency. Medium-capacity air conditioners are ideal for cooling small to medium-sized environments, making them adaptable and extensively utilized.
  • High-Capacity Air Conditioners (Above 36,000 BTU) is the another important segment in the market.

Segmentation By End Users

  • The residential sector contributes the most to the market and is expected to increase at an 8.3% CAGR over the projected period. For many industry participants, the primary product category will remain the residential market. Temperatures have risen in various countries in recent years as a result of climate change.
  • During the projection period, the commercial category will expand significantly. Because of growing urbanization and rising demand for office space. Commercial air conditioners take up a lot of space. They are commonly put on the rooftops of shopping malls, hotels, major restaurants, theatres, and business offices, where energy usage is highest.

Segmentation by Technology and features

  • During the forecast period, the inverter segment has the largest market share. Inverter technology is predicted to increase significantly due to its capacity to alter the speed of the compressor motor, which aids in temperature regulation. When compared to non-inverter air conditioners, the variable speed compressor saves about 50% more energy and electricity
  • Energy-Efficient Air Conditioners has been highlighted as having a higher CAGR (Compound Annual Growth Rate).

Segmentation by Distribution Channel

  • Retail outlets are the most popular segment of the air conditioner market. Many individuals still enjoy the traditional shopping experience of going to physical places and seeing and touching the products before making a purchase. Retail establishments have the advantage of instant availability and knowledgeable staff who can offer advice and recommendations.
  • E-commerce is the second-largest section of the air conditioner market. With the advent of online shopping, an increasing number of customers are turning to e-commerce platforms to purchase air conditioners. E-commerce has become a key market player due to the convenience of browsing and shopping from the comfort of their own homes, as well as the option to compare costs and read reviews.

Key Highlights of the Report

The  Vietnam Air Conditioner Market is segmented by Type of Air Conditioner, Cooling Capacity, End Users, Technology and Features, Distribution Channel and region. The medium-capacity air conditioners (18,000 – 36,000 BTU) segment tends to dominate market demand. In addition, the residential sector contributes the most to the market, and the inverter category has the biggest market share. Also, retail outlets are the most popular component of the air conditioner market.

The primary drivers of the market include rising temperatures and climate change, increasing urbanization and infrastructure development, and rising consumer desire for comfort and higher living standards. In addition, energy consumption and environmental concerns, high starting prices and maintenance charges, and seasonal demand swings in particular locations are major market limitations.

What Elements Are Driving the  Market for Vietnam Air Conditioner?

The rising temperatures and the effects of climate change are key drivers of the air conditioner market. As temperatures rise, the need for air conditioning systems becomes more important in maintaining comfortable indoor environments. Additionally, growing urbanization and infrastructure development contribute to the demand for air conditioners, as more buildings and residential areas require efficient cooling solutions.

What Are The Main Obstacles That The  Vietnam Air Conditioner Market Faces?

While there are certain drivers in the air conditioner market, there are also some restrictions that must be considered. Energy use and environmental concerns are important market issues. The high energy usage of air conditioning systems contributes to higher carbon emissions and energy prices. Furthermore, the upfront price and maintenance charges connected with purchasing and operating air conditioners can be prohibitive for certain consumers. Furthermore, seasonal demand swings in specific locations might pose inventory management and market stability difficulties for manufacturers and distributors.

What Market Development Prospects Are There For Vietnam Air Conditioner ly?

The air conditioner business offers numerous chances for expansion and innovation. Technological developments in energy efficiency and smart features enable manufacturers to create more sustainable and environmentally friendly air conditioning solutions. The growth of air conditioner manufacturers into new economies with a growing middle class presents a promising market. Furthermore, as people become more conscious of the importance of indoor air quality and health, businesses will be able to offer air conditioning systems that prioritize clean and healthy air. These chances propel the air conditioner market forward and stimulate continual innovation and development.

Market Drivers

The  Vietnam Air Conditioner Market is driven by several factors. The following are the key drivers of the  Vietnam Air Conditioner Market:

Increasing Spending in the Construction Industry

Air conditioning systems are progressively being integrated into the design of office buildings, commercial structures, residential structures, and other structures. As a result, the increase in the construction industry is likely to benefit the air conditioning market over the forecast period. The need to overcome the infrastructure and development gap mers’ high disposable income, the United States dominates the real estate industry.

In addition, positive trends in the residential sector, such as the emergence of various real estate investment vehicles such as real estate investment trusts (REITs), commercial mortgage-backed securities, and real estate private equity funds, are critical propellers for the real estate industry. This growing trend in real estate has a favourable impact on the AC industry, as seen by an increase in construction investment and an increase in building permits for residential, commercial, and industrial sectors. For instance, the construction sector is predicted to expand as the Federal Government spends significantly on infrastructure development. Private commercial construction projects are rising, which is driving market expansion and government-sponsored commercial construction projects.

Tax credit and rebate programs are expected to increase sales

Tax credit and rebate programs, as well as other financial incentives, are expected to have a significant impact on air conditioning system sales. Individuals and businesses who choose to invest in energy-efficient air conditioning equipment can benefit financially from these initiatives. Tax credits and rebates play an essential role in stimulating the purchase of air conditioning systems. These incentives provide financial aid to consumers, making the initial costs of purchasing energy-efficient AC units more affordable.

Tax credits and rebates reduce the overall investment required by compensating a portion of the costs incurred during the installation or purchase of energy-efficient devices. As a result, people and businesses are more likely to purchase energy-efficient AC systems, increasing industry sales. Tax credit and rebate programs have an impact that lasts longer than the initial rise in sales. These incentives promote HVAC industry innovation and research as manufacturers strive to meet and exceed government-mandated energy efficiency standards.

To encourage the use of energy-efficient technologies, governments have created tough standards and regulations for the manufacturing and operation of air conditioning systems. These regulations aim to increase the overall performance and efficiency of air conditioning equipment, resulting in decreased environmental risks and carbon footprints. Governments are taking proactive steps to achieve their sustainability goals and mitigate the effects of climate change by encouraging the use of energy-efficient equipment.

Market Restraints

The  Vietnam Air Conditioner Market faces some challenges that may hinder its growth. These include the following:

High installation and maintenance costs

The high cost of maintaining and installing HVAC units is a major barrier to entry in this sector. The average maintenance cost for household use in the United States is USD 350, but it can reach USD 1,500. Installation fees are significantly greater, albeit they vary based on the unit type. Because regular maintenance of current units is required to maintain the Quality of Life (QoL), the high cost stifles market expansion, particularly in economically challenged areas. Furthermore, high prices steer buyers toward low-cost alternatives that may be less effective.

Opportunities

The  Vietnam Air Conditioner Market offers significant growth opportunities. These include the following:

IoT-Enabled AC System Proliferation

The Internet of Things is a game-changing technology in the air conditioning sector, particularly for home and commercial applications. By delivering an appropriate reminder for equipment serviceability, IoT-enabled AC systems greatly reduce the chance of system downtime. This technology also contributes to lower energy expenditures and improved system operational efficiency. Furthermore, IoT-enabled AC systems provide real-time notifications for system maintenance and servicing, extending the whole product lifecycle. Furthermore, cloud-based technology provides a seamless customer experience by allowing this equipment to be operated remotely. Technicians can access systems from anywhere using internet connectivity and correct system flaws. As a result, overall costs and time spent on servicing and maintenance are reduced.

Competitive Landscape

Vietnam Air Conditioners Market Report

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Key Players

The  Vietnam Air Conditioner Market is highly competitive, with several key players. Some of the major players in the market and their market share are as follows:

  • Daikin Vietnam
  • Panasonic Vietnam
  • LG Electronics Vietnam
  • Samsung Electronics Vietnam
  • Midea Group (Vietnam)
  • Trane Vietnam
  • Gree Electric Appliances Inc. of Zhuhai (Vietnam)
  • Hitachi Vietnam
  • Mitsubishi Electric Vietnam
  • Carrier Vietnam

These organizations prioritize product innovation, Disease Area expansion, and mergers and acquisitions to stay competitive.

The  Vietnam Air Conditioner Market’s key players continually seek to stay ahead by offering new Type of Air Conditioners and developments.

In February 2023, LG Electronics (LG) showcased its latest heating, ventilation, and air conditioning (HVAC) technologies at AHR Expo 2023, the United States’ largest HVAC tradeshow. The HVAC Solution booth and the Component Solutions booth showcase the company’s specialized, high-efficiency solutions for commercial and residential applications.

In January 2023, Mitsubishi Electric Electric Corporation announced a 26.7 billion yen (about US$ 222.5 million) investment in its subsidiary firm Mitsubishi Electric India Pvt. Ltd. to develop a factory in India to manufacture room air conditioners and compressors.

Summary of Key Findings

  • Tax credit and rebate programs are likely to drive market expansion.
  • Market segmented by Type of Air Conditioner, Cooling Capacity, End Users, Technology and Features, Distribution Channeland region
  • The residential sector is the most important contributor to the market
  • The inverter section has the biggest market share over the forecast period
  • The market is highly competitive with key players including Daikin Vietnam, Panasonic Vietnam, LG Electronics Vietnam, Samsung Electronics Vietnam, Midea Group (Vietnam), Trane Vietnam

Future Outlook

  • Growing demand due to rising temperatures and urbanization.
  • Increasing focus on energy efficiency and eco-friendly solutions.
  • Technological advancements driving innovation in air conditioner designs.
  • Expansion of the market in developing countries.
  • Integration of smart and connected features in air conditioning systems.
  • Rising adoption of ductless mini-split systems.
  • Growing demand for portable and compact air conditioners.
  • Increasing awareness about indoor air quality and its impact on health.

Segmentation

  • By Type of Air Conditioner:
    • Split Air Conditioners
    • Window Air Conditioners
    • Portable Air Conditioners
    • Ducted Air Conditioners
    • Cassette Air Conditioners
    • Floor Standing Air Conditioners
  • By Cooling Capacity:
    • Low-Capacity Air Conditioners (Below 18,000 BTU)
    • Medium-Capacity Air Conditioners (18,000 – 36,000 BTU)
    • High-Capacity Air Conditioners (Above 36,000 BTU)
  • By End Users:
    • Residential
    • Commercial
    • Industrial
    • Hospitality
    • Healthcare
    • Education
  • By Technology and Features:
    • Inverter Air Conditioners
    • Smart Air Conditioners
    • Energy-Efficient Air Conditioners
    • Standard Air Conditioners
    • Multi-Split Air Conditioners
  • By Distribution Channel:
    • Retail Stores
    • E-commerce
    • HVAC Contractors

Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Introduction
2. Executive Summary
2.1. Market Snapshot: Vietnam Air Conditioner Market
2.1.1. Vietnam Air Conditioner Market, By Type of Air Conditioner
2.1.2. Vietnam Air Conditioner Market, By Cooling Capacity
2.1.3. Vietnam Air Conditioner Market, By End Users
2.1.4. Vietnam Air Conditioner Market, By Technology and Features
2.1.5. Vietnam Air Conditioner Market, By Distribution Channel
2.1.6. Vietnam Air Conditioner Market, By Region
2.2. Insights from Primary Respondents
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Vietnam Air Conditioner Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Vietnam Air Conditioner Market Drivers
3.2.2. Vietnam Air Conditioner Market Restraints
3.2.3. Vietnam Air Conditioner Market Opportunities
3.2.4. Major Vietnam Air Conditioner Market Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type of Air Conditioner
3.5.2. Cooling Capacity
3.5.3. End Users
3.5.4. Technology and Features
3.5.5. Distribution Channel
3.5.6. Geography
4. Market Competitive Landscape Analysis
4.1. Company Market Share Analysis, 2022
4.1.1. Vietnam Air Conditioner Market: Company Market Share, Value 2022
4.1.2. Vietnam Air Conditioner Market: Top 6 Company Market Share, Value 2022
4.1.3. Vietnam Air Conditioner Market: Top 3 Company Market Share, Value 2022
4.2. Vietnam Air Conditioner Market: Company Revenue Share Analysis, 2022
4.3. Company Assessment Metrics, 2022
4.3.1. Stars
4.3.2. Emerging Leaders
4.3.3. Pervasive Players
4.3.4. Participants
4.4. Startups/ SMEs Assessment Metrics, 2022
4.4.1. Progressive Companies
4.4.2. Responsive Companies
4.4.3. Dynamic Companies
4.4.4. Starting Blocks
4.5. Strategic Development
4.5.1. Acquisition and Mergers
4.5.2. New Type Launch
4.5.3. Regional Expansion
4.5.4. Partnerships
4.6. Key Player Type Matrix
4.7. Potential for New Players in the Vietnam Air Conditioner Market
5. Premium Insights
5.1. STAR (Situation, Task, Action, Results) Analysis
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Bargaining Power of Buyers/Retail Stores
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of Substitute Types
5.2.5. Intensity of Competitive Rivalry
5.3. PESTEL Analysis
5.3.1. Political Factors
5.3.2. Economic Factors
5.3.3. Social Factors
5.3.4. Technological Factors
5.3.5. Environmental Factors
5.3.6. Legal Factors
5.4. Key Market Trends
5.4.1. Demand Side Trends
5.4.2. Supply Side Trends
5.5. Value Chain Analysis
5.6. Technology Analysis
5.6.1. Commercial in the market
5.6.2. Patent Analysis
5.6.3. Emerging technologies and their potential disruption to the market
5.7. Consumer Behaviour Analysis
5.7.1. Consumer Preferences and Expectations
5.7.2. Factors Influencing Consumer Buying Decisions
5.7.3. Consumer Pain Points
5.8. Analysis and Recommendations
5.9. Adjacent Market Analysis
6. Market Positioning of Key Players, 2022
6.1. Company market share of key players, 2022
6.2. Competitive Benchmarking
6.3. Market Positioning of Key Vendors
6.4. Geographical Presence Analysis
6.5. Major Strategies Adopted by Key Players
6.5.1. Key Strategies Analysis
6.5.2. Mergers and Acquisitions
6.5.3. Partnerships
6.5.4. Type Launch
6.5.5. Geographical Expansion
6.5.6. Autoimmune Diseases
7. Impact Analysis of COVID 19 and Russia – Ukraine War on Vietnam Air Conditioner Market
7.1. Ukraine-Russia War Impact
7.1.1. Uncertainty and Economic Instability
7.1.2. Supply chain disruptions
7.1.3. Regional market shifts
7.1.4. Shift in government priorities
7.2. COVID-19 Impact Analysis
7.2.1. Supply Chain Disruptions
7.2.2. Demand Fluctuations
7.2.3. Shift in Type Mix
7.2.4. Reduced Commercial Activity
8. Vietnam Air Conditioner Market, By Type of Air Conditioner
8.1. Vietnam Air Conditioner Market Overview, By Type of Air Conditioner
8.1.1. Vietnam Air Conditioner Market Revenue Share, By Type of Air Conditioner, 2022 Vs 2030 (in %)
8.2. Split Air Conditioners
8.2.1. Vietnam Air Conditioner Market, By SPLIT AIR CONDITIONERS, By Region, 2017-2030 (US$ Mn)
8.2.2. Market Dynamics for SPLIT AIR CONDITIONERS
8.2.2.1. Drivers
8.2.2.2. Restraints
8.2.2.3. Opportunities
8.2.2.4. Trends
8.3. Window Air Conditioners
8.3.1. Vietnam Air Conditioner Market, By WINDOW AIR CONDITIONERS, By Region, 2017-2030 (US$ Mn)
8.3.2. Market Dynamics for WINDOW AIR CONDITIONERS
8.3.2.1. Drivers
8.3.2.2. Restraints
8.3.2.3. Opportunities
8.3.2.4. Trends
8.4. Portable Air Conditioners
8.4.1. Vietnam Air Conditioner Market, By Portable Air Conditioners, By Region, 2017-2030 (US$ Mn)
8.4.2. Market Dynamics for Portable Air Conditioners
8.4.2.1. Drivers
8.4.2.2. Restraints
8.4.2.3. Opportunities
8.4.2.4. Trends
8.5. Ducted Air Conditioners
8.5.1. Vietnam Air Conditioner Market, By Ducted Air Conditioners, By Region, 2017-2030 (US$ Mn)
8.5.2. Market Dynamics for Ducted Air Conditioners
8.5.2.1. Drivers
8.5.2.2. Restraints
8.5.2.3. Opportunities
8.5.2.4. Trends
8.6. Cassette Air Conditioners
8.6.1. Vietnam Air Conditioner Market, By Cassette Air Conditioners, By Region, 2017-2030 (US$ Mn)
8.6.2. Market Dynamics for Cassette Air Conditioners
8.6.2.1. Drivers
8.6.2.2. Restraints
8.6.2.3. Opportunities
8.6.2.4. Trends
8.7. Floor Standing Air Conditioners
8.7.1. Vietnam Air Conditioner Market, By Floor Standing Air Conditioners, By Region, 2017-2030 (US$ Mn)
8.7.2. Market Dynamics for Floor Standing Air Conditioners
8.7.2.1. Drivers
8.7.2.2. Restraints
8.7.2.3. Opportunities
8.7.2.4. Trends
9. Vietnam Air Conditioner Market, By Cooling Capacity
9.1. Vietnam Air Conditioner Market Overview, By Cooling Capacity
9.1.1. Vietnam Air Conditioner Market Revenue Share, By Cooling Capacity, 2022 Vs 2030 (in %)
9.2. Low-Capacity Air Conditioners (Below 18,000 BTU)
9.2.1. Vietnam Air Conditioner Market, By Low-Capacity Air Conditioners (Below 18,000 BTU), By Region, 2017-2030 (US$ Mn)
9.2.2. Market Dynamics for Low-Capacity Air Conditioners (Below 18,000 BTU)
9.2.2.1. Drivers
9.2.2.2. Restraints
9.2.2.3. Opportunities
9.2.2.4. Trends
9.3. Medium-Capacity Air Conditioners (18,000 – 36,000 BTU)
9.3.1. Vietnam Air Conditioner Market, By Medium-Capacity Air Conditioners (18,000 – 36,000 BTU), By Region, 2017-2030 (US$ Mn)
9.3.2. Market Dynamics for Medium-Capacity Air Conditioners (18,000 – 36,000 BTU)
9.3.2.1. Drivers
9.3.2.2. Restraints
9.3.2.3. Opportunities
9.3.2.4. Trends
9.4. High-Capacity Air Conditioners (Above 36,000 BTU)
9.4.1. Vietnam Air Conditioner Market, By High-Capacity Air Conditioners (Above 36,000 BTU), By Region, 2017-2030 (US$ Mn)
9.4.2. Market Dynamics for High-Capacity Air Conditioners (Above 36,000 BTU)
9.4.2.1. Drivers
9.4.2.2. Restraints
9.4.2.3. Opportunities
9.4.2.4. Trends
10. Vietnam Air Conditioner Market, By End Users
10.1. Vietnam Air Conditioner Market Overview, By End Users
10.1.1. Vietnam Air Conditioner Market Revenue Share, By End Users, 2022 Vs 2030 (in %)
10.2. Residential
10.2.1. Vietnam Air Conditioner Market, By Residential, By Region, 2017-2030 (US$ Mn)
10.2.2. Market Dynamics for Residential
10.2.2.1. Drivers
10.2.2.2. Restraints
10.2.2.3. Opportunities
10.2.2.4. Trends
10.3. Commercial
10.3.1. Vietnam Air Conditioner Market, By Commercial, By Region, 2017-2030 (US$ Mn)
10.3.2. Market Dynamics for Commercial
10.3.2.1. Drivers
10.3.2.2. Restraints
10.3.2.3. Opportunities
10.3.2.4. Trends
10.4. Industrial
10.4.1. Vietnam Air Conditioner Market, By Industrial, By Region, 2017-2030 (US$ Mn)
10.4.2. Market Dynamics for Industrial
10.4.2.1. Drivers
10.4.2.2. Restraints
10.4.2.3. Opportunities
10.4.2.4. Trends
10.5. Hospitality
10.5.1. Vietnam Air Conditioner Market, By Hospitality, By Region, 2017-2030 (US$ Mn)
10.5.2. Market Dynamics for Hospitality
10.5.2.1. Drivers
10.5.2.2. Restraints
10.5.2.3. Opportunities
10.5.2.4. Trends
10.6. Healthcare
10.6.1. Vietnam Air Conditioner Market, By Healthcare, By Region, 2017-2030 (US$ Mn)
10.6.2. Market Dynamics for Healthcare
10.6.2.1. Drivers
10.6.2.2. Restraints
10.6.2.3. Opportunities
10.6.2.4. Trends
10.7. Education
10.7.1. Vietnam Air Conditioner Market, By Education, By Region, 2017-2030 (US$ Mn)
10.7.2. Market Dynamics for Education
10.7.2.1. Drivers
10.7.2.2. Restraints
10.7.2.3. Opportunities
10.7.2.4. Trends
11. Vietnam Air Conditioner Market, By Technology and Features
11.1. Vietnam Air Conditioner Market Overview, by Technology and Features
11.1.1. Vietnam Air Conditioner Market Revenue Share, By Technology and Features, 2022 Vs 2030 (in %)
11.2. Inverter Air Conditioners
11.2.1. Vietnam Air Conditioner Market, By Inverter Air Conditioners, By Region, 2017-2030 (US$ Mn)
11.2.2. Market Dynamics for Inverter Air Conditioners
11.2.2.1. Drivers
11.2.2.2. Restraints
11.2.2.3. Opportunities
11.2.2.4. Trends
11.3. Smart Air Conditioners
11.3.1. Vietnam Air Conditioner Market, By Smart Air Conditioners, By Region, 2017-2030 (US$ Mn)
11.3.2. Market Dynamics for Smart Air Conditioners
11.3.2.1. Drivers
11.3.2.2. Restraints
11.3.2.3. Opportunities
11.3.2.4. Trends
11.4. Energy-Efficient Air Conditioners
11.4.1. Vietnam Air Conditioner Market, By Energy-Efficient Air Conditioners, By Region, 2017-2030 (US$ Mn)
11.4.2. Market Dynamics for Energy-Efficient Air Conditioners
11.4.2.1. Drivers
11.4.2.2. Restraints
11.4.2.3. Opportunities
11.4.2.4. Trends
11.5. Standard Air Conditioners
11.5.1. Vietnam Air Conditioner Market, By Standard Air Conditioners, By Region, 2017-2030 (US$ Mn)
11.5.2. Market Dynamics for Standard Air Conditioners
11.5.2.1. Drivers
11.5.2.2. Restraints
11.5.2.3. Opportunities
11.5.2.4. Trends
11.6. Multi-Split Air Conditioners
11.6.1. Vietnam Air Conditioner Market, By Multi-Split Air Conditioners, By Region, 2017-2030 (US$ Mn)
11.6.2. Market Dynamics for Multi-Split Air Conditioners
11.6.2.1. Drivers
11.6.2.2. Restraints
11.6.2.3. Opportunities
11.6.2.4. Trends
12. Vietnam Air Conditioner Market, By Distribution Channel
12.1. Vietnam Air Conditioner Market Overview, By Distribution Channel
12.1.1. Vietnam Air Conditioner Market Revenue Share, By Distribution Channel, 2022 Vs 2030 (in %)
12.2. Retail Stores
12.2.1. Vietnam Air Conditioner Market, By Retail Stores, By Region, 2017-2030 (US$ Mn)
12.2.2. Market Dynamics for Retail Stores
12.2.2.1. Drivers
12.2.2.2. Restraints
12.2.2.3. Opportunities
12.2.2.4. Trends
12.3. E-commerce
12.3.1. Vietnam Air Conditioner Market, By E-commerce, By Region, 2017-2030 (US$ Mn)
12.3.2. Market Dynamics for E-commerce
12.3.2.1. Drivers
12.3.2.2. Restraints
12.3.2.3. Opportunities
12.3.2.4. Trends
12.4. HVAC Contractors
12.4.1. Vietnam Air Conditioner Market, By HVAC Contractors, By Region, 2017-2030 (US$ Mn)
12.4.2. Market Dynamics for HVAC Contractors
12.4.2.1. Drivers
12.4.2.2. Restraints
12.4.2.3. Opportunities
12.4.2.4. Trends
13. Vietnam Air Conditioner Market, By Region
13.1. Vietnam Air Conditioner Market Overview, by Region
13.1.1. Vietnam Air Conditioner Market, By Region, 2022 vs 2030 (in%)
13.2. Type of Air Conditioner
13.2.1. Vietnam Air Conditioner Market, By Type of Air Conditioner, 2017-2030 (US$ Mn)
13.3. Cooling Capacity
13.3.1. Vietnam Air Conditioner Market, By Cooling Capacity, 2017-2030 (US$ Mn)
13.4. End Users
13.4.1. Vietnam Air Conditioner Market, By End Users, 2017-2030 (US$ Mn)
13.5. Technology and Features
13.5.1. Vietnam Air Conditioner Market, By Technology and Features, 2017-2030 (US$ Mn)
13.6. Distribution Channel
13.6.1. Vietnam Air Conditioner Market, By Distribution Channel, 2017-2030 (US$ Mn)
14. Vietnam Air Conditioner Market Analysis
14.1. Overview
14.1.1. Market Dynamics for North America
14.1.1.1. Drivers
14.1.1.2. Restraints
14.1.1.3. Opportunities
14.1.1.4. Trends
15. Company Profiles
15.1. Daikin Vietnam
15.1.1. Company Overview
15.1.2. Types/Services Portfolio
15.1.3. Geographical Presence
15.1.4. SWOT Analysis
15.1.5. Financial Summary
15.1.5.1. Market Revenue and Net Profit (2019-2022)
15.1.5.2. Business Segment Revenue Analysis
15.1.5.3. Geographical Revenue Analysis
15.2. Panasonic Vietnam
15.3. LG Electronics Vietnam
15.4. Samsung Electronics Vietnam
15.5. Midea Group (Vietnam)
15.6. Trane Vietnam
15.7. Gree Electric Appliances Inc. of Zhuhai (Vietnam)
15.8. Hitachi Vietnam
15.9. Mitsubishi Electric Vietnam
15.10. Carrier Vietnam
16. Research Methodology
16.1. Research Methodology
16.2. Residential – Secondary Research
16.3. ResidentialI – Data Modelling
16.3.1. Company Share Analysis Model
16.3.2. Revenue Based Modelling
16.4. ResidentialII – Primary Research
16.5. Research Limitations
16.5.1. Assumptions

List of Figures
FIG. 1 Vietnam Air Conditioner Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Vietnam Air Conditioner Market Segmentation
FIG. 4 Vietnam Air Conditioner Market, By Type of Air Conditioner, 2022 (US$ Mn)
FIG. 5 Vietnam Air Conditioner Market, By Cooling Capacity, 2022 (US$ Mn)
FIG. 6 Vietnam Air Conditioner Market, By End Users, 2022 (US$ Mn)
FIG. 7 Vietnam Air Conditioner Market, by Technology and Features, 2022 (US$ Mn)
FIG. 8 Vietnam Air Conditioner Market, By Distribution Channel, 2022 (US$ Mn)
FIG. 9 Vietnam Air Conditioner Market, by Geography, 2022 (US$ Mn)
FIG. 10 Attractive Investment Proposition, By Type of Air Conditioner, 2022
FIG. 11 Attractive Investment Proposition, By Cooling Capacity, 2022
FIG. 12 Attractive Investment Proposition, By End Users, 2022
FIG. 13 Attractive Investment Proposition, By Technology and Features, 2022
FIG. 14 Attractive Investment Proposition, By Distribution Channel, 2022
FIG. 15 Attractive Investment Proposition, by Geography, 2022
FIG. 16 Market Share Analysis of Key Vietnam Air Conditioner Market Manufacturers, 2022
FIG. 17 Market Positioning of Key Vietnam Air Conditioner Market Manufacturers, 2022
FIG. 18 Vietnam Air Conditioner Market Value Contribution, By Type of Air Conditioner, 2022 & 2030 (Value %)
FIG. 19 Vietnam Air Conditioner Market, by SPLIT AIR CONDITIONERS, Value, 2017-2030 (US$ Mn)
FIG. 20 Vietnam Air Conditioner Market, by WINDOW AIR CONDITIONERS, Value, 2017-2030 (US$ Mn)
FIG. 21 Vietnam Air Conditioner Market, by Portable Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 22 Vietnam Air Conditioner Market, by Ducted Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 23 Vietnam Air Conditioner Market, by Cassette Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 24 Vietnam Air Conditioner Market, by Floor Standing Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 25 Vietnam Air Conditioner Market Value Contribution, By Cooling Capacity, 2022 & 2030 (Value %)
FIG. 26 Vietnam Air Conditioner Market, by Low-Capacity Air Conditioners (Below 18,000 BTU), Value, 2017-2030 (US$ Mn)
FIG. 27 Vietnam Air Conditioner Market, by Medium-Capacity Air Conditioners (18,000 – 36,000 BTU), Value, 2017-2030 (US$ Mn)
FIG. 28 Vietnam Air Conditioner Market, by High-Capacity Air Conditioners (Above 36,000 BTU), Value, 2017-2030 (US$ Mn)
FIG. 29 Vietnam Air Conditioner Market Value Contribution, By End Users, 2022 & 2030 (Value %)
FIG. 30 Vietnam Air Conditioner Market, by Residential, Value, 2017-2030 (US$ Mn)
FIG. 31 Vietnam Air Conditioner Market, by Commercial, Value, 2017-2030 (US$ Mn)
FIG. 32 Vietnam Air Conditioner Market, by Industrial, Value, 2017-2030 (US$ Mn)
FIG. 33 Vietnam Air Conditioner Market, by Hospitality, Value, 2017-2030 (US$ Mn)
FIG. 34 Vietnam Air Conditioner Market, by Healthcare, Value, 2017-2030 (US$ Mn)
FIG. 35 Vietnam Air Conditioner Market, by Education, Value, 2017-2030 (US$ Mn)
FIG. 36 Vietnam Air Conditioner Market Value Contribution, By Technology and Features, 2022 & 2030 (Value %)
FIG. 37 Vietnam Air Conditioner Market, by Inverter Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 38 Vietnam Air Conditioner Market, by Smart Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 39 Vietnam Air Conditioner Market, by Energy-Efficient Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 40 Vietnam Air Conditioner Market, by Standard Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 41 Vietnam Air Conditioner Market, by Multi-Split Air Conditioners, Value, 2017-2030 (US$ Mn)
FIG. 42 Vietnam Air Conditioner Market Value Contribution, By Distribution Channel, 2022 & 2030 (Value %)
FIG. 43 Vietnam Air Conditioner Market, by Retail Stores, Value, 2017-2030 (US$ Mn)
FIG. 44 Vietnam Air Conditioner Market, by E-commerce, Value, 2017-2030 (US$ Mn)
FIG. 45 Vietnam Air Conditioner Market, by HVAC Contractors, Value, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Vietnam Air Conditioner Market
TABLE 2 Vietnam Air Conditioner Market: Drivers Impact Analysis
TABLE 3 Vietnam Air Conditioner Market: Market Restraints Impact Analysis
TABLE 4 Vietnam Air Conditioner Market, by Competitive Benchmarking, 2022
TABLE 5 Vietnam Air Conditioner Market, by Geographical Presence Analysis, 2022
TABLE 6 Vietnam Air Conditioner Market, by Key Strategies Analysis, 2022
TABLE 7 Vietnam Air Conditioner Market, by Split Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 8 Vietnam Air Conditioner Market, by Split Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 9 Vietnam Air Conditioner Market, by Window Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 10 Vietnam Air Conditioner Market, by Window Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 11 Vietnam Air Conditioner Market, by Portable Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 12 Vietnam Air Conditioner Market, by Portable Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 13 Vietnam Air Conditioner Market, by Ducted Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 14 Vietnam Air Conditioner Market, by Ducted Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 15 Vietnam Air Conditioner Market, by Cassette Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 16 Vietnam Air Conditioner Market, by Cassette Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 17 Vietnam Air Conditioner Market, by Floor Standing Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 18 Vietnam Air Conditioner Market, by Floor Standing Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 19 Vietnam Air Conditioner Market, by Low-Capacity Air Conditioners (Below 18,000 BTU), By Region, 2017-2022 (US$ Mn)
TABLE 20 Vietnam Air Conditioner Market, by Low-Capacity Air Conditioners (Below 18,000 BTU), By Region, 2023-2030 (US$ Mn)
TABLE 21 Vietnam Air Conditioner Market, by Medium-Capacity Air Conditioners (18,000 – 36,000 BTU), By Region, 2017-2022 (US$ Mn)
TABLE 22 Vietnam Air Conditioner Market, by Medium-Capacity Air Conditioners (18,000 – 36,000 BTU), By Region, 2023-2030 (US$ Mn)
TABLE 23 Vietnam Air Conditioner Market, by High-Capacity Air Conditioners (Above 36,000 BTU), By Region, 2017-2022 (US$ Mn)
TABLE 24 Vietnam Air Conditioner Market, by High-Capacity Air Conditioners (Above 36,000 BTU), By Region, 2023-2030 (US$ Mn)
TABLE 25 Vietnam Air Conditioner Market, by Residential, By Region, 2017-2022 (US$ Mn)
TABLE 26 Vietnam Air Conditioner Market, by Residential, By Region, 2023-2030 (US$ Mn)
TABLE 27 Vietnam Air Conditioner Market, by Commercial, By Region, 2017-2022 (US$ Mn)
TABLE 28 Vietnam Air Conditioner Market, by Commercial, By Region, 2023-2030 (US$ Mn)
TABLE 29 Vietnam Air Conditioner Market, by Industrial, By Region, 2017-2022 (US$ Mn)
TABLE 30 Vietnam Air Conditioner Market, by Industrial, By Region, 2023-2030 (US$ Mn)
TABLE 31 Vietnam Air Conditioner Market, by Hospitality, By Region, 2017-2022 (US$ Mn)
TABLE 32 Vietnam Air Conditioner Market, by Hospitality, By Region, 2023-2030 (US$ Mn)
TABLE 33 Vietnam Air Conditioner Market, by Healthcare, By Region, 2017-2022 (US$ Mn)
TABLE 34 Vietnam Air Conditioner Market, by Healthcare, By Region, 2023-2030 (US$ Mn)
TABLE 35 Vietnam Air Conditioner Market, by Education, By Region, 2017-2022 (US$ Mn)
TABLE 36 Vietnam Air Conditioner Market, by Education, By Region, 2023-2030 (US$ Mn)
TABLE 37 Vietnam Air Conditioner Market, by Inverter Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 38 Vietnam Air Conditioner Market, by Inverter Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 39 Vietnam Air Conditioner Market, by Smart Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 40 Vietnam Air Conditioner Market, by Smart Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 41 Vietnam Air Conditioner Market, by Energy-Efficient Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 42 Vietnam Air Conditioner Market, by Energy-Efficient Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 43 Vietnam Air Conditioner Market, by Standard Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 44 Vietnam Air Conditioner Market, by Standard Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 45 Vietnam Air Conditioner Market, by Multi-Split Air Conditioners, By Region, 2017-2022 (US$ Mn)
TABLE 46 Vietnam Air Conditioner Market, by Multi-Split Air Conditioners, By Region, 2023-2030 (US$ Mn)
TABLE 47 Vietnam Air Conditioner Market, by Retail Stores, By Region, 2017-2022 (US$ Mn)
TABLE 48 Vietnam Air Conditioner Market, by Retail Stores, By Region, 2023-2030 (US$ Mn)
TABLE 49 Vietnam Air Conditioner Market, by E-commerce, By Region, 2017-2022 (US$ Mn)
TABLE 50 Vietnam Air Conditioner Market, by E-commerce, By Region, 2023-2030 (US$ Mn)
TABLE 51 Vietnam Air Conditioner Market, by HVAC Contractors, By Region, 2017-2022 (US$ Mn)
TABLE 52 Vietnam Air Conditioner Market, by HVAC Contractors, By Region, 2023-2030 (US$ Mn)
TABLE 53 Vietnam Air Conditioner Market, By Type of Air Conditioner, 2017-2022 (US$ Mn)
TABLE 54 Vietnam Air Conditioner Market, By Type of Air Conditioner, 2023-2030 (US$ Mn)
TABLE 55 Vietnam Air Conditioner Market, By Cooling Capacity, 2017-2022 (US$ Mn)
TABLE 56 Vietnam Air Conditioner Market, By Cooling Capacity, 2023-2030 (US$ Mn)
TABLE 57 Vietnam Air Conditioner Market, By End Users, 2017-2022 (US$ Mn)
TABLE 58 Vietnam Air Conditioner Market, By End Users, 2023-2030 (US$ Mn)
TABLE 59 Vietnam Air Conditioner Market, By Technology and Features, By Region, 2017-2022 (US$ Mn)
TABLE 60 Vietnam Air Conditioner Market, By Technology and Features, By Region, 2023-2030 (US$ Mn)
TABLE 61 Vietnam Air Conditioner Market, By Distribution Channel, 2017-2022 (US$ Mn)
TABLE 62 Vietnam Air Conditioner Market, by Region, 2017-2022 (US$ Mn)
TABLE 63 Vietnam Air Conditioner Market, by Region, 2023-2030 (US$ Mn)

What is the current Type of Air Conditioner of the Vietnam Air Conditioner Market?

In 2022, the Vietnam Air Conditioner Market is expected to be worth USD 1315.5 million.

What is the predicted growth rate of the Vietnam Air Conditioner Market between 2023 and 2030?

The Vietnam Air Conditioner Market is estimated to increase at a CAGR of 8.90% between 2023 and 2030, reaching USD 2602.0 Million in 2030.

Which segment has the most market share in terms of Technology and Features?

In 2022, The inverter section has the biggest market share over the forecast period

Which distribution channel segment governs the market demand for Vietnam Air Conditioner?

The most popular segment of the air conditioner market is retail outlets.

What are the major market drivers of the Vietnam Air Conditioner industry?

The primary drivers of the market include rising temperatures and climate change, increasing urbanization and infrastructure development, and rising consumer demand for comfort and increased living standards.

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