image

Report Scope & Overview:

The Solar Air-Conditioner Market size was valued at USD 2.22 billion in 2022 and is expected to grow to USD 6.15 billion by 2030 and grow at a CAGR of 13.6 % over the forecast period of 2023-2030.

An air conditioner powered by solar energy. These air conditioners operate similarly to conventional air conditioners, with the exception that they provide more energy choices. Typically, an air conditioner Solar air conditioners are solely powered by grid electricity and provide three power sources: solar power, solar battery storage, and network electricity.

Solar Air-Conditioner Market Revenue Analysis

The actual design and functioning of a solar air conditioner are simple. It is designed to allow the AC to be connected directly to a solar panel and take power from it. Solar panels take in light and convert it to direct current (DC) power. The air conditioner is powered by the energy produced.

The primary factor influencing a buyer's choice is the Solar AC pricing in India. In general, a solar air conditioner's price depends on a number of factors, including its sort, company, volume, and quality.

MARKET DYNAMICS

KEY DRIVERS:  

  • Growing demand for solar air conditioning

  • Increasing comfort among peoples

  • Rising adoption of solar air conditioning system

RESTRAIN:

  • High Initial Cost

OPPORTUNITY: 

  • Increasing government initiatives

  • Developing innovations in solar air conditioning

  • Decision making through various strategy

Rising electricity rates and increasing need to reduce energy consumption which is turn to boost the market of solar air conditioner market.

CHALLENGES:

  • Rising concern about climate change and its impact on human health

IMPACT OF ONGOING RECESSION

According to an analysis by the Solar Energy Industries Association, solar capacity in the United States increased by roughly 9%, or 1,265 megawatts, to 8,775 megawatts last year. The yearly report will be made public. As more solar water heaters were installed, the capacity of solar panels increased by 78% raised SO percentage. But exports of solar pool heating decreased by 3% as a result of the housing crisis systems, the sector's largest subgroup in terms of capacity. Some solar enterprises are experiencing financial difficulties as a result of the crisis, the organisation Although customers continue to show interest in solar.

KEY MARKET SEGMENTS

By Product Type

  • Split Solar A/C

  • Window Solar A/C

  • Cassette Solar A/C

  • Floor Standing Solar A/C

By Power Source

  • Hybrid Solar A/C

  • 100% Grid off A/C

By End User

  • Residential

  • Commercial

  • Industrial

Solar Air-Conditioner Market Segmentation Analysis

REGIONAL ANALYSIS

Asia Pacific is anticipated to have the largest market share for solar air conditioning throughout the anticipated period. Demand in this market is anticipated to be driven by higher economic development, which increased personal disposable income. In developing nations, consumers are more prepared to pay more for the utility good that might increase demand for solar air conditioners. High demand for solar air is another factor. Conditioners are also used by small and medium-sized businesses, which has helped this industry grow.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS 

Lennox, Aussie Solar World, ICESolair, Videocon, HotSpot Energy, Solair World International, Gree, Midea, Haier, Midea group Onyx Solar ac, and other players are listed in a final report.

Videocon-Company Financial Analysis

Solar Air-Conditioner Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 2.22 Bn
Market Size by 2030  US$ 6.15 Bn
CAGR   CAGR of 13.6 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Split Solar A/C, Window Solar A/C, Cassette Solar A/C, Floor Standing Solar A/C)
• By Power Source (Hybrid Solar A/C, 100% Grid off A/C)
• By End User (Residential, Commercial, Industrial)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Lennox, Aussie Solar World, ICESolair, Videocon, HotSpot Energy, Solair World International, Gree, Midea, Haier, Midea group Onyx Solar ac
Key Drivers • Growing demand for solar air conditioning
• Increasing comfort among peoples
• Rising adoption of solar air conditioning system
Market Restraints • High Initial Cost

 

Frequently Asked Questions

Ans: Solar Air-Conditioner Market is anticipated to expand by 13.6 % from 2023 to 2030.

Ans USD 6.15 billion is expected to grow by 2030.

Ans: Solar Air-Conditioner Market size was valued at USD 2.22 billion in 2022

Ans: Growing demand for solar air conditioning, Increasing comfort among peoples, and Rising adoption of solar air conditioning system

Ans: Increasing government initiatives, Developing innovations in solar air conditioning and Decision making through various strategy.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Solar Air-Conditioner Market Segmentation, By Product Type
8.1 Split Solar A/C
8.2 Window Solar A/C
8.3 Cassette Solar A/C
8.4 Floor Standing Solar A/C

9. Solar Air-Conditioner Market Segmentation, By Power Source
9.1 Hybrid Solar A/C
9.2 100% Grid off A/C

10. Solar Air-Conditioner Market Segmentation, By End User
10.1 Residential
10.2 Commercial
10.3 Industrial

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Solar Air-Conditioner Market by Country
11.2.2North America Solar Air-Conditioner Market by Product Type
11.2.3 North America Solar Air-Conditioner Market by Power Source
11.2.4 North America Solar Air-Conditioner Market by End User
11.2.5 USA
11.2.5.1 USA Solar Air-Conditioner Market by Product Type
11.2.5.2 USA Solar Air-Conditioner Market by Power Source
11.2.5.3 USA Solar Air-Conditioner Market by End User
11.2.6 Canada
11.2.6.1 Canada Solar Air-Conditioner Market by Product Type
11.2.6.2 Canada Solar Air-Conditioner Market by Power Source
11.2.6.3 Canada Solar Air-Conditioner Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Solar Air-Conditioner Market by Product Type
11.2.7.2 Mexico Solar Air-Conditioner Market by Power Source
11.2.7.3 Mexico Solar Air-Conditioner Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Solar Air-Conditioner Market by Country
11.3.1.2 Eastern Europe Solar Air-Conditioner Market by Product Type
11.3.1.3 Eastern Europe Solar Air-Conditioner Market by Power Source
11.3.1.4 Eastern Europe Solar Air-Conditioner Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Solar Air-Conditioner Market by Product Type
11.3.1.5.2 Poland Solar Air-Conditioner Market by Power Source
11.3.1.5.3 Poland Solar Air-Conditioner Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Solar Air-Conditioner Market by Product Type
11.3.1.6.2 Romania Solar Air-Conditioner Market by Power Source
11.3.1.6.4 Romania Solar Air-Conditioner Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Solar Air-Conditioner Market by Product Type
11.3.1.7.2 Turkey Solar Air-Conditioner Market by Power Source
11.3.1.7.3 Turkey Solar Air-Conditioner Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Solar Air-Conditioner Market by Product Type
11.3.1.8.2 Rest of Eastern Europe Solar Air-Conditioner Market by Power Source
11.3.1.8.3 Rest of Eastern Europe Solar Air-Conditioner Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Solar Air-Conditioner Market by Product Type
11.3.2.2 Western Europe Solar Air-Conditioner Market by Power Source
11.3.2.3 Western Europe Solar Air-Conditioner Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Solar Air-Conditioner Market by Product Type
11.3.2.4.2 Germany Solar Air-Conditioner Market by Power Source
11.3.2.4.3 Germany Solar Air-Conditioner Market by End User
11.3.2.5 France
11.3.2.5.1 France Solar Air-Conditioner Market by Product Type
11.3.2.5.2 France Solar Air-Conditioner Market by Power Source
11.3.2.5.3 France Solar Air-Conditioner Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Solar Air-Conditioner Market by Product Type
11.3.2.6.2 UK Solar Air-Conditioner Market by Power Source
11.3.2.6.3 UK Solar Air-Conditioner Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Solar Air-Conditioner Market by Product Type
11.3.2.7.2 Italy Solar Air-Conditioner Market by Power Source
11.3.2.7.3 Italy Solar Air-Conditioner Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Solar Air-Conditioner Market by Product Type
11.3.2.8.2 Spain Solar Air-Conditioner Market by Power Source
11.3.2.8.3 Spain Solar Air-Conditioner Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Solar Air-Conditioner Market by Product Type
11.3.2.9.2 Netherlands Solar Air-Conditioner Market by Power Source
11.3.2.9.3 Netherlands Solar Air-Conditioner Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Solar Air-Conditioner Market by Product Type
11.3.2.10.2 Switzerland Solar Air-Conditioner Market by Power Source
11.3.2.10.3 Switzerland Solar Air-Conditioner Market by End User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Solar Air-Conditioner Market by Product Type
11.3.2.11.3 Austria Solar Air-Conditioner Market by Power Source
11.3.2.11.4 Austria Solar Air-Conditioner Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Solar Air-Conditioner Market by Product Type
11.3.2.12.2 Rest of Western Europe Solar Air-Conditioner Market by Power Source
11.3.2.12.3 Rest of Western Europe Solar Air-Conditioner Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Solar Air-Conditioner Market by Country
11.4.2 Asia-Pacific Solar Air-Conditioner Market by Product Type
11.4.3 Asia-Pacific Solar Air-Conditioner Market by Power Source
11.4.4 Asia-Pacific Solar Air-Conditioner Market by End User
11.4.5 China
11.4.5.1 China Solar Air-Conditioner Market by Product Type
11.4.5.2 China Solar Air-Conditioner Market by End User
11.4.5.3 China Solar Air-Conditioner Market by Power Source
11.4.6 India
11.4.6.1 India Solar Air-Conditioner Market by Product Type
11.4.6.2 India Solar Air-Conditioner Market by Power Source
11.4.6.3 India Solar Air-Conditioner Market by End User
11.4.7 Japan
11.4.7.1 Japan Solar Air-Conditioner Market by Product Type
11.4.7.2 Japan Solar Air-Conditioner Market by Power Source
11.4.7.3 Japan Solar Air-Conditioner Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Solar Air-Conditioner Market by Product Type
11.4.8.2 South Korea Solar Air-Conditioner Market by Power Source
11.4.8.3 South Korea Solar Air-Conditioner Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Solar Air-Conditioner Market by Product Type
11.4.9.2 Vietnam Solar Air-Conditioner Market by Power Source
11.4.9.3 Vietnam Solar Air-Conditioner Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Solar Air-Conditioner Market by Product Type
11.4.10.2 Singapore Solar Air-Conditioner Market by Power Source
11.4.10.3 Singapore Solar Air-Conditioner Market by End User
11.4.11 Australia
11.4.11.1 Australia Solar Air-Conditioner Market by Product Type
11.4.11.2 Australia Solar Air-Conditioner Market by Power Source
11.4.11.3 Australia Solar Air-Conditioner Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Solar Air-Conditioner Market by Product Type
11.4.12.2 Rest of Asia-Pacific Solar Air-Conditioner Market by Power Source
11.4.12.3 Rest of Asia-Pacific Solar Air-Conditioner Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Solar Air-Conditioner Market by Country
11.5.1.2 Middle East Solar Air-Conditioner Market by Product Type
11.5.1.3 Middle East Solar Air-Conditioner Market by Power Source
11.5.1.4 Middle East Solar Air-Conditioner Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Solar Air-Conditioner Market by Product Type
11.5.1.5.2 UAE Solar Air-Conditioner Market by Power Source
11.5.1.5.3 UAE Solar Air-Conditioner Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Solar Air-Conditioner Market by Product Type
11.5.1.6.2 Egypt Solar Air-Conditioner Market by Power Source
11.5.1.6.3 Egypt Solar Air-Conditioner Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Solar Air-Conditioner Market by Product Type
11.5.1.7.2 Saudi Arabia Solar Air-Conditioner Market by Power Source
11.5.1.7.3 Saudi Arabia Solar Air-Conditioner Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Solar Air-Conditioner Market by Product Type
11.5.1.8.2 Qatar Solar Air-Conditioner Market by Power Source
11.5.1.8.3 Qatar Solar Air-Conditioner Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Solar Air-Conditioner Market by Product Type
11.5.1.9.2 Rest of Middle East Solar Air-Conditioner Market by Power Source
11.5.1.9.3 Rest of Middle East Solar Air-Conditioner Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Solar Air-Conditioner Market by Product Type
11.5.2.3 Africa Solar Air-Conditioner Market by Power Source
11.5.2.4 Africa Solar Air-Conditioner Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Solar Air-Conditioner Market by Product Type
11.5.2.5.2 Nigeria Solar Air-Conditioner Market by Power Source
11.5.2.5.3 Nigeria Solar Air-Conditioner Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Solar Air-Conditioner Market by Product Type
11.5.2.6.2 South Africa Solar Air-Conditioner Market by Power Source
11.5.2.6.3 South Africa Solar Air-Conditioner Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Solar Air-Conditioner Market by Product Type
11.5.2.7.2 Rest of Africa Solar Air-Conditioner Market by Power Source
11.5.2.7.3 Rest of Africa Solar Air-Conditioner Market by End User
11.6 Latin America
11.6.1 Latin America Solar Air-Conditioner Market by Country
11.6.2 Latin America Solar Air-Conditioner Market by Product Type
11.6.3 Latin America Solar Air-Conditioner Market by Power Source
11.6.4 Latin America Solar Air-Conditioner Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Solar Air-Conditioner Market by Product Type
11.6.5.2 Brazil America Solar Air-Conditioner Market by Power Source
11.6.5.3 Brazil America Solar Air-Conditioner Market by End User
11.6.6 Argentina
11.6.6.1 Argentina America Solar Air-Conditioner Market by Product Type
11.6.6.2 Argentina America Solar Air-Conditioner Market by Power Source
11.6.6.3 Argentina America Solar Air-Conditioner Market by End User
11.6.7 Colombia
11.6.7.1 Colombia America Solar Air-Conditioner Market by Product Type
11.6.7.2 Colombia America Solar Air-Conditioner Market by Power Source
11.6.7.3 Colombia America Solar Air-Conditioner Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Solar Air-Conditioner Market by Product Type
11.6.8.2 Rest of Latin America Solar Air-Conditioner Market by Power Source
11.6.8.3 Rest of Latin America Solar Air-Conditioner Market by End User

12 Company Profile
12.1 Lennox
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Aussie Solar World
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ICESolair
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Videocon
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 HotSpot Energy
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Solair World International
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Gree
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Midea
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Haier
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Midea group Onyx Solar ac
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone