Air Conditioners - Singapore

  • Singapore
  • The revenue in the Air Conditioners market in Singapore amounts to SGD €113.50m in 2024.
  • It is projected to grow annually by 4.99% (CAGR 2024-2029).
  • In global comparison, in China generates the highest revenue in this segment with SGD €14,820m in 2024.
  • In relation to the total number of households in Singapore, per household revenues of SGD €60.04 are generated in 2024.
  • The volume in the Air Conditioners market is expected to reach 146.1k pieces units by 2029.
  • Additionally, a volume growth of 4.0% is anticipated in 2025.
  • The average volume per household in Singapore's Air Conditioners market is projected to be 0.06pieces units in 2024.
  • Sales of energy-efficient air conditioners have surged in Singapore as the government implements stricter regulations to combat rising energy consumption.

Key regions: Canada, Indonesia, Worldwide, Europe, Germany

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

Vue d’ensemble

  • Revenue
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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