Japan air conditioning market is estimated to grow at a CAGR of 2.7% during the forecast period. Japanese AC market includes five major growing industries which are residential, healthcare, commercial, industrial, and transportation. There is a huge scope in the country for air conditioning products as rapidly changing technology such as portable AC with energy-saving features. The main factor which is driving the Japan AC market is an increase in demand for the inverter AC system in this region. Another factor that is driving the demand for air conditioning in the region is the government’s role in promoting energy-saving AC systems. Another factor for the significant adoption of the inverter AC is increasing electric prices in the country. The country has set Japan Refrigeration and Air (JRA) Conditioning Industry Association Standard. JRA standards are established to understanding quality improvement, rational production, simple and fair trade, as well as rational use or consumption, of products and components relating to refrigeration and air conditioning, through proper and rational standardization of those products and components.
The Japan air conditioning market is segmented on the basis of application, type, and refrigerant type. A significant market of automotive will be witnessed in the country as the country is a major automotive manufacturer globally. Due to this, a significant market share of the automotive HVAC system will be witnessed during the forecast period. The companies which are contributing to the growth of the market include Daikin Industries Ltd., DENSO Corp., Fujitsu General Ltd., Hitachi Ltd., Johnson Controls International PLC, LG Electronics Inc., Mitsubishi Electric Corp., Panasonic Corp., Samsung Electronics Co., Ltd., Toshiba Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
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Japan Air Conditioning Market Segmentation
By Application
- Residential
- Commercial
- Industrial
- Healthcare
- Institution
- Automotive
- Others
By Type
- Splits
- Rooftop
- Indoor Packaged
- Chillers
- VRF
- AHU/FCU
By Refrigerant Type
- HCFC
- HFC
- HFO
- Natural Refrigerant
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Company Profiles
- Calsonic Kansei Corp
- Daikin Industries Ltd.
- DENSO Corp.
- Fujitsu General Ltd.
- Hitachi Ltd.
- Johnson Controls International PLC
- LG Electronics Inc.
- Mitsubhishi Electric Corp.
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Rinnai Corp.
- Samsung Electronics Co., Ltd.
- Toshiba Corp.
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