Market Overview

According to Fortune Business Insights **Asia air conditioner market** size was valued at USD 12.16 billion in 2024 and is projected to grow from USD 12.74 billion in 2025 to USD 18.87 billion by 2032, reflecting a CAGR of 5.77% during the forecast period.

Air conditioners play an essential role in ensuring indoor comfort across households and commercial spaces. Growth in the real estate sector, rising replacement demand, and the increasing focus on energy efficiency are key factors driving market expansion in Asia.

Competitive Landscape

The Asia air conditioner market is highly competitive, with major players accounting for 25.86% of market share (2024). Leading companies are scaling up production, enhancing R&D, and forming partnerships.

Key Companies

• Voltas Limited (India)
• GREE ELECTRIC APPLIANCES, INC. (China)
• DAIKIN INDUSTRIES, Ltd. (Japan)
• LG Electronics Inc. (South Korea)
• Samsung Electronics Co., Ltd. (South Korea)
• Hitachi, Ltd. (Japan)
• Midea Group (China)
• Panasonic Corporation (Japan)
• Mitsubishi Electric Corporation (Japan)

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