Global Inverter Technology Air Conditioner Market 2016-2020
Published: Nov 2016 | Pages: 76 | SKU: IRTNTR10738 |
Overview of the global inverter technology air conditioner market
Technavio’s market research analyst predicts the global inverter technology air conditioner market to grow at a CAGR of close to 13% between 2016 and 2020. With increasing awareness of the energy-efficiency properties of inverter technology air conditioners, these appliances have the potential to replace popularly used conventional air conditioners. Inverter technology air conditioner compressors can run at various speeds depending on the load required by the air conditioner. Moreover, these advanced technology-equipped air conditioners offer optimal and precise temperature control and better energy conversion efficiency through its electronic variable speed drive motors. Factors such as low noise, energy efficiency, and superior performance of inverter technology air conditioners will positively aid in increasing the sales of these appliances in the coming years.
The high cost of inverter technology air conditioners has propelled several manufacturers to come up with value-added features such as four-way swing option, virus filters, and stylish design elements to increase their sales. They are distinguishing their products by integrating smart connect features, and smart diagnosis enabled through NFC and Wi-Fi connectivity. For instance, Samsung has introduced its new range of smart air conditioners, which provide high energy savings and cooling experience. The product is equipped with the world's first new 8-pole motor in its digital inverter compressor. Vendors are also announcing characteristics like anti-dust and anti-bacterial filters, multi-seasonal options, auto clean mode, multi-flow condenser, sleep mode, and energy-saver modes in their products.
Competitive landscape and key vendors
The global inverter technology air conditioner market is extremely concentrated among a few major players in the APAC region. Fierce competition prevails in the market, which, turn, has prompted vendors to constantly revise their existing energy standards and focus on product innovations. The competition is expected to intensify further during the forecast period with the entry of many new players, mergers and acquisitions, and price wars among existing vendors.
Leading vendors in the market are -
- Daikin Industries
- Haier
- Johnson Controls
- LG Electronics
- Mitsubishi Electric
- Panasonic
- Samsung
- Toshiba Carrier
- United Technologies
Other prominent vendors in the inverter technology air conditioner market include Blue Star, Electrolux, Godrej Group, GREE ELECTRIC APPLIANCES, Hisense Group, Midea Group, Robert Bosch, Sharp, Voltas (TATA), and Whirlpool.
Segmentation by retail format and analysis of the inverter technology air conditioner market
- Specialty retailers
- Department stores
- Mass retailers, hypermarkets, and supermarkets
- Discount stores
- Online
Specialty retail stores occupied the largest share in the market and will continue to be the preferred destination for purchasing inverter technology air conditioners. Factors such as broad brand coverage and the availability of a wide range of products at affordable prices have spurred revenue generation in the market through this retail format. However, the online segment is the fastest-growing retail format for inverter technology air conditioners in the coming years due to the convenience and varieties it offers at discounted rates.
Geographical segmentation and analysis of the inverter technology air conditioner market
- Americas
- APAC
- Europe
- MEA
APAC is the largest market for inverter technology air conditioners and accounted for the largest market share during 2015. The major leading countries for inverter technology air conditioners in APAC include Japan, China, India, South Korea, Russia, and Australia. Japan is the largest market for inverter technology air conditioners due to the presence of local players like Toshiba Carrier, Panasonic, Hitachi, and Mitsubishi Electric. With the growing consumer preference towards energy-efficient appliances, the market for inverter technology air conditioners in APAC will grow considerably in the coming years.
Key questions answered in the report include
- What will the inverter technology air conditioner market size and growth rate be in 2020?
- What are the key factors driving the global inverter technology air conditioner market?
- What are the key market trends impacting the growth of the global inverter technology air conditioner market?
- What are the challenges to market growth?
- Who are the key vendors in the global inverter technology air conditioner market?
- What are the market opportunities and threats faced by the vendors in the global inverter technology air conditioner market?
- Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
- What are the key outcomes of the five forces analysis of the global inverter technology air conditioner market?
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Table of Content
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Base year
- By retail distribution channel (revenue)
- By geography
- Definitions and descriptions
- Key players
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Mechanism of inverter technology air conditioners
- Inverter technology used in different types of compressors
- Top reasons that entice consumers to buy inverter technology air conditioners
PART 05: Market landscape
- Market overview
- Factors positively affecting the global inverter technology air conditioner market
- Market size and forecast
PART 06: Five forces analysis
PART 07: Market segmentation by retail format
- Global inverter technology air conditioner market by retail format
- Analysis of different retail formats based on key parameters
PART 08: Geographical segmentation
- Global inverter technology air conditioner market by geography
- Inverter technology air conditioner market in APAC
- Inverter technology air conditioner market in Europe
- Inverter technology air conditioner market in the Americas
- Inverter technology air conditioner market in MEA
PART 09: Market drivers
- Consumer and government perspectives: Superior performance
- Manufacturer and retailer perspective: Innovative inverter technology creating opportunity for new and upgrade purchases
- Manufacturer and retailer perspective: Premium inverter technology air conditioners provide higher profit margins
PART 10: Impact of drivers
PART 11: Market challenges
- Lack of standardization for interface and core frequency control algorithm
- Low awareness of inverter technology and its benefits
- High prices of raw materials
- Preference for HVAC centralized systems in smaller air conditioner markets
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Inclusion of value-added features to justify the high cost of inverter technology air conditioners
- Emphasis on green technology
- Eco-friendly refrigerants and advancements in technology
PART 14: Vendor landscape
- Competitive landscape
- Competitive assessment of key vendors
- Daikin Industries
- Haier
- Johnson Controls
- LG Electronics
- Mitsubishi Electric
- Panasonic
- Samsung
- Toshiba Carrier
- United Technologies
- Other prominent vendors
PART 15: Appendix
- List of abbreviations
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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