One Million House Program By Indonesian Government To Drive Indonesia Air Conditioner Market Beyond $ 2.6 Billion By 2023
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.
Browse 52 market
data Figures and 18 Tables spread through 107 Pages and an in-depth TOC on "Indonesia Air Conditioners Market"
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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