Ireland Air Conditioning Systems Market is Forecast to Reach a Value of USD 967.8 Million By 2030 with a Growing CAGR of 5.85% | Infinium Global Research

The Ireland Air Conditioning Systems Market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 5.85% between 2023 and 2030. The surge in commercial spaces, driven by strong inward investment, rapid job growth, and rising disposable incomes, is a key factor propelling the demand for air-conditioning systems in Ireland. The Ireland air conditioning systems market was valued at USD 617.6 Million in 2022 and is expected to reach USD 967.8 Million by 2030 and grow at a CAGR of 5.85% over the forecast period.

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Commercial Growth and Tourism Boost Market Demand

The rise in commercial spaces, including premium offices and retail sectors, has led to increased demand for air conditioning systems. Tight occupational markets and low vacancy rates, fueled by strong inward investment, are driving rental growth in residential, industrial, and office sectors. Additionally, the flourishing tourism industry, with record-breaking revenue per available room growth in 2018, is contributing significantly to the demand for air-conditioning systems.

Challenges in the Automotive Sector

Despite economic prosperity, the automotive sector is facing challenges, with a decline in car sales impacting the demand for air conditioning systems. The fall in demand for diesel-powered cars and the recent decline in new car registrations due to the COVID-19 lockdown have affected the automotive industry's need for air-conditioning systems.

Opportunities in Green Technology and Smart Homes

The market is witnessing growth opportunities driven by the growing trend of green technology and smart homes. Companies are investing in Research and Development (R&D) to produce more energy-efficient traditional systems and explore new systems running on alternative energies like geothermal or solar.

Key Players Shaping the Market

Leading the charge in the Ireland air conditioning systems market are key players such as Whirlpool Corp., LG Electronic, Daikin, Hitachi, Ltd., and Panasonic Corporation. These industry leaders are crucial in shaping the market landscape and responding to evolving consumer needs.

Future Trends and Technological Advancements

Innovation in air conditioning systems is on the horizon, with companies focusing on creating more energy-efficient traditional systems and exploring alternative energies. The Internet of Things (IoT) is playing a pivotal role, connecting home HVAC systems through smart thermostats, providing homeowners with remote control, personalized preferences, maintenance notifications, and energy consumption monitoring.

Tourism Driving Continued Growth

Tourism, a vital economic sector, continues to flourish in Ireland. The Irish Tourism Industry Confederation (ITIC) has set ambitious goals to attract international visitors, necessitating the construction of additional bedrooms. The influx of tourists strengthens the demand for air-conditioned accommodations, further driving the market.

Automotive Challenges and Future Expectations

Despite the challenges in the automotive sector, the air conditioning systems market is resilient. Companies are expected to introduce even more improved technologies as they work towards reducing the country's reliance on fossil fuels. The growing adoption of smart homes in Ireland is creating multiple growth opportunities for air conditioning systems manufacturers.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Ireland Air Conditioning Systems Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Ireland Air Conditioning Systems Market

Chapter 4. Ireland Air Conditioning Systems Market by Type

4.1. Portable Air Conditioning Systems

4.2. Central Air Conditioning System

4.3. Split Air Conditioning Systems

4.4. Packaged Air Conditioning Systems

4.5. Chillers

4.6. Others

Chapter 5. Ireland Air Conditioning Systems Market by End-Use

5.1. Residential

5.2. Commercial

5.3. Industrial

5.4. Automotive

Chapter 6. Company Profiles

6.1. Manufacturer's & Suppliers

6.1.1. Company 1

6.1.2. Company 2

6.1.3. Company 3

6.1.4. Company 4

6.1.5. Company 5

6.2. Dealer's / Distributor's Profile

6.2.1. Dealer's / Distributor's 1

6.2.2. Dealer's / Distributor's 2

6.2.3. Dealer's / Distributor's 3

6.2.4. Dealer's / Distributor's 4

6.2.5. Dealer's / Distributor's 5

6.2.6. Dealer's / Distributor's 6

6.2.7. Dealer's / Distributor's 7

6.2.8. Dealer's / Distributor's 8

6.2.9. Dealer's / Distributor's 9

6.2.10. Dealer's / Distributor's 10

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Ireland Air Conditioning Systems.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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