Location >> Latest News: Thailand's Thriving Air Conditioning Market: Growth, Innovation, and Investment Opportunities
Date：2025-02-20
Thailand's air conditioning market, worth hundreds of billions of baht, has seen its third consecutive year of post-pandemic growth, leading to intense competition among industry players. In addition to new low-energy consumption standards, inverter technology, variable refrigerant flow (VRF), and smart features, there is a growing demand for essential functions such as wind-free cooling, antivirus capabilities, and PM2.5 dust filtration.
Driven by increasing residential and commercial demand, Thailand’s portable AC market has shown significant growth in recent years. Data indicates that the global portable air conditioner market size exceeded $900 million in 2022, with a projected compound annual growth rate (CAGR) of approximately 7% from 2022 to 2031. Meanwhile, Thailand’s portable air conditioning market is expected to expand at an annual growth rate of around 3%.
Overall, although Thailand currently ranks as the world’s second-largest exporter of air conditioners, its air conditioning industry continues to grow at a strong pace. Looking ahead, the market outlook remains promising, particularly as shifting consumer demands drive increased popularity for portable air conditioners. The industry's rapid expansion is also expected to attract foreign investors, bringing in advanced technologies and financial support to further propel its development.
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