Hybrid Air Conditioner Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 154 SKU: IRTNTR73189

The hybrid air conditioner (AC) market is estimated to grow at a CAGR of 9.13% between 2022 and 2027. The size of the market is forecast to increase by USD 4,288.06 million. The growth of the market depends on several factors, including product innovation leading to portfolio extension and product premiumization, growing residential construction activity, and high efficiency compared with conventional air conditioners.

This report extensively covers market segmentation by product (hybrid solar air conditioner and solar air conditioner), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Hybrid Air Conditioner Market During the Forecast Period?

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Parent Market Analysis

The reports categorize the global hybrid air conditioner market as a part of the global household appliances market within the global household durables industry. The parent global household appliances market covers revenue generated by manufacturers of electric household appliances and related products. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Hybrid Air Conditioner Market: Key Drivers, Trends, Challenges, and Customer Landscape

The product innovation leading to portfolio extension and product premiumization is notably driving the market growth, although factors such as a long product lifecycle may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Hybrid Air Conditioner Market Driver

The product innovation leading to portfolio extension and product premiumization is notably driving the market growth. Competition in the global hybrid AC market has intensified over the years. In addition, consumer preference for innovative and technologically advanced home appliances (including hybrid air conditioners) is also growing rapidly. This has compelled the vendors operating in the market to continually engage in R&D and innovation to sustain themselves in the competitive market environment. Products are innovated in terms of technology, performance, features, and designs. In addition, customers also prefer appliances that are efficient and consume minimal energy resources. To meet such evolving customer needs, vendors are continuously widening their product portfolio. 

In addition, customers are gradually increasing their spending on consumer electronics (including hybrid air conditioning systems) as purchasing power and disposable income increase. Increased demand for premium hybrid air conditioners is also driving vendor investment in innovative product raw materials and technology. This has propelled the demand for premium hybrid air conditioners, thereby driving the market. 

Significant Hybrid Air Conditioner Market Trend

Increased adoption of omnichannel distribution and multichannel marketing is the key trend in the market. The preference for online shopping for household appliances (such as hybrid air conditioners) among residential users witnessed significant growth over the last couple of years. The online channel widens the visibility of the products. This, along with the availability of a wide product portfolio, contributes to the growth of the online retail channel. The success of online retailing can be attributed to customer reach and inventory-management cost-cutting. 

Though the online segment occupies a lower percentage of the market, the segment is expected to witness faster growth in comparison with the offline segment. Increased Internet connectivity, growing adoption of mobile Internet devices, and rising consumer awareness contribute to the growth of online sales of household appliances (including hybrid air conditioners). 

Hectic lifestyles also restrict users from shopping for household appliances through offline distribution channels due to a lack of time. This increases the use of online shopping portals for the purchase of hybrid air conditioners. Thus, the omnichannel distribution and marketing strategy positively impacted the growth of the market during the forecast period. 

Major Hybrid Air Conditioner Market Challenge

Long product lifecycle is the major challenge impeding the market growth. The hybrid air conditioners on the market are mainly branded products with reliable quality. These products are made of stainless steel or other hard and durable materials and have a longer replacement cycle than older air conditioners made of less durable materials. The vendor conducts intensive research and development of innovative and durable materials to extend the life of his hybrid air conditioners.

The average lifespan of a hybrid air conditioner is about 10 to 15 years. The long lifespan of hybrid air conditioners reduces the frequency of product replacement, which negatively impacts the annual growth of the market. Hybrid air conditioner manufacturers offer product warranties and warranties that extend product life even further. These factors reduce repeat purchases of hybrid air conditioners. 

Key Hybrid Air Conditioner Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Hybrid Air Conditioner Market Customer Landscape

Who are the Major Hybrid Air Conditioner Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

NingBo Deye Inverter Technology Co. Ltd. - The company operates under one segment. The company offers hybrid air conditioners such as Hybrid AC DC Solar Air Conditioners. Under this segment, the company offers photovoltaic power system solutions, including residential and commercial power plant solutions.

The report also includes detailed analyses of the competitive landscape of the market and information about 11 market vendors, including:

  • Arka Technologies
  • Carrier Global Corp.
  • Changzhou SuperEn New Energy Technology Co. Ltd.
  • Evapoler Eco Cooling Solutions
  • Event Horizon Solar and Wind Inc.
  • Glosun Electronic Pvt. Ltd.
  • Harvest Eco Solutions Ltd.
  • HotSpot Energy Inc.
  • Ice Solair
  • Lennox International Inc.
  • Solair World

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Hybrid Air Conditioner Market?

The market share growth of the hybrid solar air conditioner segment will be significant during the forecast period. Hybrid solar air conditioners work on solar power and electricity. The demand for dual technology (solar and electricity) air conditioners is increasing as they work on both technologies. This is because solar energy is not available on a regular basis, and therefore, it lacks power and requires an alternate source of power to run the air conditioning unit. In hybrid solar air conditioners, the power from the solar panels is supplied directly to the indoor and outdoor fan motor and compressor. When there is a lack of solar power, the air conditioner automatically switches to grid power.

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The hybrid solar air conditioner segment was valued at USD 3,761.15 million in 2017 and continue to grow by 2021. Vendors are offering various hybrid solar air conditioner products, featuring an energy-saving function that can automatically switch to solar power when available, and it also has a smart function that allows it to be controlled by a smartphone application. Thus, the hybrid solar air conditioners segment is also growing and is expected to contribute to the growth of the market during the forecast period.

Which are the Key Regions for the Hybrid Air Conditioner Market?

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The hybrid air conditioner (AC) market in North America contributed to the second-highest share in the market. The key markets in North America are the US and Mexico. The major factors contributing to the market in North America are the increased demand for indoor cooling equipment, increased awareness among consumers regarding the use of clean energy (or renewable energy such as solar energy), and government initiatives to promote solar energy and related products. In addition, the growing need for an air conditioning system in a household is a major factor driving the demand for air conditioners. 

In 2020, the market in North America witnessed a temporary decline owing to the COVID-19 outbreak. The temporary shutdown of commercial and industrial end-user establishments resulted in the halt of operations, which reduced the use of hybrid air conditioners and limited the growth of the regional market in 2020. However, the growing adoption of advanced technology in the region is expected to increase the demand for hybrid air conditioners. Therefore, all these factors are expected to fuel the growth of the regional market during the forecast period. 

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Hybrid solar air conditioner
    • Solar air conditioner
  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Offline
    • Online
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Hybrid Air Conditioner Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.13%

Market growth 2023-2027

USD 4,288.06 million

Market structure

Concentrated

YoY growth 2022-2023(%)

8.38

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arka Technologies, Carrier Global Corp., Changzhou SuperEn New Energy Technology Co. Ltd., Evapoler Eco Cooling Solutions, Event Horizon Solar and Wind Inc., Glosun Electronic Pvt. Ltd., Harvest Eco Solutions Ltd., HotSpot Energy Inc., Ice Solair, Lennox International Inc., NingBo Deye Inverter Technology Co. Ltd., and Solair World

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hybrid Air Conditioner Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the hybrid air conditioner (AC) market between 2023 and 2027
  • Precise estimation of the hybrid air conditioner market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of hybrid air conditioner market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global hybrid air conditioner market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global hybrid air conditioner market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Hybrid solar air conditioner - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hybrid solar air conditioner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hybrid solar air conditioner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hybrid solar air conditioner - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hybrid solar air conditioner - Year-over-year growth 2022-2027 (%)
    • 6.4 Solar air conditioner - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Solar air conditioner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Solar air conditioner - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Solar air conditioner - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Solar air conditioner - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 45: Chart on Comparison by Distribution Channel
      • Exhibit 46: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 55: Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Arka Technologies
              • Exhibit 108: Arka Technologies - Overview
              • Exhibit 109: Arka Technologies - Product / Service
              • Exhibit 110: Arka Technologies - Key offerings
            • 12.4 Carrier Global Corp.
              • Exhibit 111: Carrier Global Corp. - Overview
              • Exhibit 112: Carrier Global Corp. - Business segments
              • Exhibit 113: Carrier Global Corp. - Key news
              • Exhibit 114: Carrier Global Corp. - Key offerings
              • Exhibit 115: Carrier Global Corp. - Segment focus
            • 12.5 Changzhou SuperEn New Energy Technology Co. Ltd.
              • Exhibit 116: Changzhou SuperEn New Energy Technology Co. Ltd. - Overview
              • Exhibit 117: Changzhou SuperEn New Energy Technology Co. Ltd. - Product / Service
              • Exhibit 118: Changzhou SuperEn New Energy Technology Co. Ltd. - Key offerings
            • 12.6 Evapoler Eco Cooling Solutions
              • Exhibit 119: Evapoler Eco Cooling Solutions - Overview
              • Exhibit 120: Evapoler Eco Cooling Solutions - Product / Service
              • Exhibit 121: Evapoler Eco Cooling Solutions - Key offerings
            • 12.7 Event Horizon Solar and Wind Inc.
              • Exhibit 122: Event Horizon Solar and Wind Inc. - Overview
              • Exhibit 123: Event Horizon Solar and Wind Inc. - Product / Service
              • Exhibit 124: Event Horizon Solar and Wind Inc. - Key offerings
            • 12.8 Glosun Electronic Pvt. Ltd.
              • Exhibit 125: Glosun Electronic Pvt. Ltd. - Overview
              • Exhibit 126: Glosun Electronic Pvt. Ltd. - Product / Service
              • Exhibit 127: Glosun Electronic Pvt. Ltd. - Key offerings
            • 12.9 Harvest Eco Solutions Ltd.
              • Exhibit 128: Harvest Eco Solutions Ltd. - Overview
              • Exhibit 129: Harvest Eco Solutions Ltd. - Product / Service
              • Exhibit 130: Harvest Eco Solutions Ltd. - Key offerings
            • 12.10 HotSpot Energy Inc.
              • Exhibit 131: HotSpot Energy Inc. - Overview
              • Exhibit 132: HotSpot Energy Inc. - Product / Service
              • Exhibit 133: HotSpot Energy Inc. - Key offerings
            • 12.11 Ice Solair
              • Exhibit 134: Ice Solair - Overview
              • Exhibit 135: Ice Solair - Product / Service
              • Exhibit 136: Ice Solair - Key offerings
            • 12.12 Lennox International Inc.
              • Exhibit 137: Lennox International Inc. - Overview
              • Exhibit 138: Lennox International Inc. - Business segments
              • Exhibit 139: Lennox International Inc. - Key offerings
              • Exhibit 140: Lennox International Inc. - Segment focus
            • 12.13 NingBo Deye Inverter Technology Co. Ltd.
              • Exhibit 141: NingBo Deye Inverter Technology Co. Ltd. - Overview
              • Exhibit 142: NingBo Deye Inverter Technology Co. Ltd. - Product / Service
              • Exhibit 143: NingBo Deye Inverter Technology Co. Ltd. - Key offerings
            • 12.14 Solair World
              • Exhibit 144: Solair World - Overview
              • Exhibit 145: Solair World - Product / Service
              • Exhibit 146: Solair World - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 147: Inclusions checklist
                • Exhibit 148: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 149: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 150: Research methodology
                • Exhibit 151: Validation techniques employed for market sizing
                • Exhibit 152: Information sources
              • 13.5 List of abbreviations
                • Exhibit 153: List of abbreviations

              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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