Bangladesh Air Conditioner Market Report 2020-2026: Size is Projected to Grow at a CAGR of 15.9% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Bangladesh Air Conditioner Market (2020-2026): Market Forecast by Types, by Verticals, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

“Bangladesh Air Conditioner Market (2020-2026): Market Forecast by Types, by Verticals, by Regions, and Competitive Landscape”

Bangladesh Air Conditioner Market revenue size is projected to grow at a CAGR of 15.9% during the forecast period 2020-26F.

The 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 for the air conditioner market in the country.

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.

In Bangladesh, the centralized air conditioner segment has captured the majority of the market revenue share in 2019, and would also lead during the forecast period, where the VRF segment is expected to witness substantial growth over the forecast period. The central region currently holds the major revenue share in the overall Bangladesh air conditioner market on account of infrastructural developments and the relatively high disposable income of people in cities such as Dhaka. Moreover, the eastern region is expected to register significant growth over the coming years owing to the development of hotels and restaurants in Chittagong

company profiles

• Carrier
• Daikin Industries, Ltd.
• Fujitsu General Ltd.
• Gree Electric Appliances Inc.
• Hitachi, Ltd.
• Jamuna Group
• LG Electronics, Inc.
• MyOne Electronics Industries Ltd.
• Panasonic Corporation
• Rangs Electronics Ltd.
• Samsung Electronics Co., Ltd.
• Singer Bangladesh Limited
• Walton Hi-Tech Industries Ltd

For more information about this report visit https://www.researchandmarkets.com/r/vqpj61