Hybrid Air Conditioners Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

Manufacturers have launched hybrid cooling solutions that include the advantages of multiple cooling components. More efficient temperature control, reduced energy costs, and a lower carbon footprint are some of the main characteristics of hybrid air conditioners. These technologies may utilize desiccant dehumidification, exhaust air heat recovery, and indirect evaporative cooling in combination with vapor compression. Such hybrid systems are environment-friendly solutions that recognize how efficiency opportunities and cooling needs are different in each region. Hybrid air conditioning offers a variety of climate-appropriate efficiency opportunities for ventilation and commercial cooling. Hybrid air conditioners are expected for seeing broader market adoption due to large efficiency gains; but there is a great need for policy instruments, industry standards, technical training, practical design guidelines, and simulation software development to facilitate a successful adoption.

Driving Factors:

  • The hybrid air conditioners market is expected to expand at a significant growth rate in the coming years. Increasing demand for hybrid air conditioners due to energy efficiency, growing adoption of heating and cooling systems for public schools, and strengthening demand for replacement of existing systems are the major factors driving the growth of hybrid air conditioners

  • Additionally, rising energy costs due to the major liberalization in the markets for electric power and gas is also one of the key drivers projected to drive the hybrid air conditioner market

  • Moreover, numerous proposed and ongoing infrastructure projects currently ongoing across different parts of the world has prompted both global and local players to venture into the rising air conditioners market to satisfy the requirements of these regions

  • Housing development and smart city projects in Asia Pacific, especially in India and Japan is projected to boost the hybrid air conditioners market. Furthermore, urbanization is one of the most significant mega-developments expected to boost growth and infrastructure expansion, thus providing the platform to the hybrid air conditioner market. The growing base of middle class households and increasing disposable income presents a huge opportunity for hybrid air conditioner manufacturers

  • Variety of hybrid air conditioning products in the market and their adoption is increasing, but total uptake is small in comparison with other air conditioners. Increasing demand for hybrid air conditioners in data centers, where energy for cooling represents a major operating expense is one of the key factors anticipated to boost the market

  • Hybrid air conditioners can take advantage of climate-specific efficiency opportunities to reduce energy use, but their performance in the application will depend on the way the systems are installed, controlled, and maintained

Market Segmentation:

  • The hybrid air conditioners market can be segmented based on type, product type, distribution channel, and region. Based on type, the market has been segmented into a solar thermal hybrid system, solar PV hybrid system, and evaporative solar-powered conditioners

  • In terms of product type, the market has been segmented into with heater and without heater. Based on distribution channel, the market has been segmented into online and offline

  • In terms of region, the market has been divided into North America, South America, Asia Pacific, the Middle East and Africa, and Europe. Furthermore, the regions are divided into prevailing countries such as U.S., Canada, Germany, France, Italy, U.K., GCC Countries, China, India, Japan, and Brazil

Competitive Landscape:

  • The global hybrid air conditioner market is highly fragmented due to the presence of various vendors. Companies with advanced technologies and better financial resources have the tendency to develop innovative products which offers a challenge to competitors in the market

  • Some of the key players operating in the global hybrid air conditioners market are Videocon, Panasonic Corporation, Gree Electrical Appliances, Inc., Midea Group Co. Ltd., LG Electronics Inc., Infinity SAV, Qingdao Haier Co. Ltd., Lizeti, Mitsubishi Electric, and Vaayu India

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