Bangladesh Air Conditioner Market (2020-2026) | Size, Share & 6wresearch
Bangladesh Air Conditioner Market is anticipated to grow in the coming years on the account of rising urbanization and an increase in per capita income of people due to Vision 2021 and 2041. Moreover, acceptance of air conditioning systems as a utility product rather than a luxury product is also augmenting the growth of the market in the country. Further, an increase in the sales of power efficient range of air conditioning systems along with the rising adoption of superior technology is anticipated to proliferate the double-digit growth of the air conditioner market in the country. However, the ongoing global pandemic COVID-19 hampered the overall economic growth of Bangladesh, thus, restraining the growth of the Air Conditioner market as well.
According to 6Wresearch, Bangladesh AC Market size is projected to grow at CAGR of 15.9% during 2020-2026. There is no doubt that the emergence of the COVID-19 pandemic has affected the majority of the market across the world. The Bangladesh air conditioner market has also suffered a downfall during this timeframe owing to the complete nationwide lockdown in the country to contain the spread of coronavirus which has interrupted the production and hindered demand for air conditioners. Also, a downfall in the hospitality sector along with low construction activities of hotels, restaurants, and guest houses has led to a decline in the demand for air conditioners in the country. Although, the air conditioner market is projected to grow at a healthy rate in the coming period as the economy resumes normalcy.
Key Highlights of the Report
- Recent Market Trends
- Players Market Share
- Market Drivers and Restraints
- Company Profiles
- Strategic Recommendation
- Historical Data of Bangladesh Room Air Conditioner Market Revenues and Volume for the Period 2016-2019, By Types
- Market Size and Forecast of Bangladesh Room Air Conditioner Market Revenues and Volume until 2026, By Types
- Market Size and Forecast of Bangladesh Air Conditioner Market Revenues until 2026, By Applications
- Historical Data of Bangladesh Air Conditioner Market Revenues for the Period 2016-2019, By Regions
- Historical Data of Bangladesh Ducted Air Conditioner Market Revenues and Volume for the Period 2016-2019, By Types
- Market Size and Forecast of Bangladesh Ducted Air Conditioner Market Revenues and Volume until 2026, By Types