Vietnam Air Conditioners Market Set to Grow at 14% till 2021
Increasing
commercialization, growing investments in industrial sector and mounting
disposable income to drive the Vietnam air conditioners market during the
forecast period
According to TechSci Research report,
“Vietnam
Air Conditioners Market By Product Type,
By End Use Sector, Competition Forecast and Opportunities, 2011–2021”, market for air
conditioners in Vietnam
is forecast to grow at a CAGR of 14.64%,
during 2016-2021. The major factors contributing to
rising demand for air conditioners in Vietnam are the extreme climatic
conditions, growth in
overall construction market, increasing disposable income and changing
lifestyle of middle-class population.
During 2011-2015, number of foreign tourists
arriving in Vietnam increased at a CAGR of 17.41%. Increasing travel &
tourism activities in Vietnam have also resulted in augmented demand for air
conditioners from hotels, air ports and other commercial areas. During
2016-2021, construction market in Vietnam is expected to grow at a CAGR of
19.88%, consequently boosting the demand for air conditioners in Vietnam from
the commercial segment.
Available Updated Report on Vietnam Air Conditioners Market 2013-2023 : https://www.techsciresearch.com/report/vietnam-air-conditioners-market/3664.html
Browse
6 market data Tables and 33 Figures spread through 97 Pages and an
in-depth TOC on "Vietnam
Air Conditioners Market "
https://www.techsciresearch.com/report/vietnam-air-conditioners-market-by-product-type-split-air-conditioners-vrf-ductable-splits-chillers-air-sides-window-air-conditioners-and-others-by-end-use-sector-competition-forecast-and-opportunities/880.html
Split air conditioners accounted for the largest
share in Vietnam air conditioners market in 2015, on the back of various
features such as less operating noise, effectiveness in extreme climate
conditions, integration of latest technologies and comparatively higher energy efficiency. On the back of increasing population base, and
growing number of household units, residential sector dominated the market for
air conditioners in Vietnam, followed by commercial and industrial sectors. On
the back of largescale infrastructure development and business activities
coupled with increasing population, South Vietnam region accounted for the
largest revenue share in Vietnam air conditioners market in 2015, followed by
North and Central Vietnam.
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“On the back of rising per capita income, changing consumer
lifestyle and extreme hot and humid climatic conditions prevailing for most
part of a year, demand for air conditioners in Vietnam is expected to increase during
the forecast period. In addition, increasing investments being made by the
government in the country’s residential and commercial sectors, and growing demand
for energy efficient air conditioners are anticipated to drive demand for air
conditioners in Vietnam during the forecast period” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
Available Updated Report on Vietnam Air Conditioners Market 2013-2023 : https://www.techsciresearch.com/report/vietnam-air-conditioners-market/3664.html
“Vietnam Air Conditioners Market By Product
Type, By End Use Sector, Competition Forecast and Opportunities, 2011–2021” has evaluated the future growth potential of Vietnam air conditioners market
and provides statistics and information on market structure, size, share and trends
prevailing in Vietnam air conditioners market. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyses emerging trends
along with essential drivers, challenges, and opportunities in Vietnam air
conditioners market.
About TechSci Research
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Available Updated Report on Vietnam Air Conditioners Market 2013-2023 : https://www.techsciresearch.com/report/vietnam-air-conditioners-market/3664.html
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