Australia Air Conditioning Market Will Generate Record Revenue by 2025

The Australia air conditioning market is estimated to grow at a modest growth rate during the forecast period. Some of the motivating factors of the market include large desert areas in the country which results in heatwaves, which generates a significant need for air conditioning in the country. Moreover, high disposable income in the country is also a major factor due to which people can afford the air conditioning system in the country. Result of this, the residential segment is expected to have a significant market share during the forecast period.

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Australia is one of the most affected countries from ozone depletion due to the emission of refrigerants. Due to this, the country has restricted production and imports of several refrigerants. For instance, the country has limited the import of R22 to 45 tons from 2016 to 2029 and from January 1, 2030, the imports of the R22 will be banned entirely. From January 1, 2020 R22 can be used only for servicing existing refrigeration and air conditioning equipment. As per the Department of the Environment and Energy, HFCs such as R-134a and R-410a are among the most common refrigerant used in the country, which is around 81% of the total refrigerant volume used in the country in 2019. Due to this, the HFCs segment is expected to have a major market share during the forecast period with a significant growth rate.

Australia Air Conditioning Market Segmentation

By Application

· Residential

· Commercial

· Industrial

· Healthcare

· Institution

· Automotive

· Others

By Type

· Splits

· Rooftop

· Indoor Packaged

· Chillers

· VRF

· AHU/FCU

By Refrigerant Type

· HCFC

· HFC

· HFO

· Natural Refrigerant

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Company Profiles

· Action Air Conditioning, Inc.

· Daikin Industries Ltd.

· Electrolux AB

· Fujitsu General Ltd.

· Honeywell International Inc.

· LG Electronics Inc.

· Mitsubishi Electric Corp.

· Panasonic Corp.

· Rinnai Corp.

· United Technologies Corp.

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