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.
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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.
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 strategies
Rising electricity rates and the increasing need to reduce energy consumption which is turn boosts the market of solar air conditioners market.
CHALLENGES:
Rising concern about climate change and its impact on human health
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.
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
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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
The Major Players are 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.
| 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 |
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 Benchmarking
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
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