One Million House Program By Indonesian Government To Drive Indonesia Air Conditioner Market Beyond $ 2.6 Billion By 2023: TechSci Research
Growing number of households, rising demand from hospitality and commercial sectors coupled with increasing disposable income to drive Indonesia air conditioners market through 2023
According to TechSci Research report, “Indonesia Air Conditioners Market By Product Type, By End Use Sector, By Distribution Channel, By Season, By Price Segment, Competition Forecast & Opportunities, 2013-2023”, Indonesia air conditioners market is projected to surpass $ 2.6 billion by 2023. Growth in the country’s air conditioners market is attributed to rising demand for air conditioners from the residential, commercial as well as hospitality sectors including hotels, restaurants, etc. Moreover, increasing number of households, government initiatives such as ‘One Million Houses Program’ and rising disposable income of the population is further contributing to the growth of Indonesia air conditioners market.
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“Indonesia Air Conditioners Market”
https://www.techsciresearch.com/report/indonesia-air-conditioners-market/3112.html
PT. Daikin Air Conditioning Indonesia, PT. Samsung Electronics Indonesia, PT. LG Electronics Indonesia and PT. Sharp Electronics Indonesia are some of the leading players operating in Indonesia air conditioners market. Among regions, Jabodetabek dominated the market with more than one-fourth of the market share in 2017. This region is expected to generate significant demand for air conditioners and remain dominant through 2023 as well. With relatively higher concentration of population and rising number of commercial and residential projects in the region, as compared with other regions, demand for air conditioners is spiking across Jabodetabek. Indonesia air conditioners market is majorly import driven, and most of the top companies in the country are importing a large portion of their products from production facilities location elsewhere.
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On the basis of product type, Indonesia air conditioners market can be broadly categorized into Light Commercial Air Conditioners, Ductable Splits, Chillers, VRF and Others. Of all these product segments, Light Commercial Air Conditioners dominated the market in 2017 as they are in high demand and are relatively less expensive than other types of air conditioners. “Indonesia air conditioners market is being majorly driven by rising number of independent and nuclear families, especially in the Jakarta region. Moreover, rising discretionary income of the population is enabling them to spend more towards lifestyle products such as air conditioners. Additionally, Indonesian Government’s “One million house program” is expected to further steer growth in Indonesia air conditioners market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Indonesia Air Conditioners Market By Product Type, By End Use Sector, By Distribution Channel, By Season, By Price Segment, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of Indonesia air conditioners market and provides statistics and information on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Indonesia air conditioners market.
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