Sri Lankan Air Conditioning Market, Forecast to 2022

Sri Lankan Air Conditioning Market, Forecast to 2022

The rise in residential and commercial construction projects, along with the high growth from the tourism and hospitality industry, is creating demand for HVAC products in Sri Lanka. Sri Lanka allows total foreign ownership across several industries and imposes no restrictions on repatriation of earnings, fees, and capital. Supporting budgets and policies are expected to continually drive the industrial sector in Sri Lanka, providing a platform for growth for the HVAC industry in the long term. Other than the western part, in most of the other parts of Sri Lanka, the AC penetration is quite low and is likely to continue to remain the same. The average overall penetration of ACs in the country is as low as 10%. Cheaper alternatives from the Chinese participants such as Aux and Yonan pose a strong challenge to participants from other countries. China is also a part of the preferential trade agreement under the Asia-Pacific Trade Agreement (APTA). However, India has bilateral trade agreements with Sri Lanka, which allows more number of Indian origin goods to be imported into Sri Lanka with free preferential duty. Adaption of the inverter ACs and the understanding of its energy-efficient technology among the customers, coupled with government push towards energy-efficient solutions, are creating high demand for inverters ACs. Demand in the hospitality segment is expected to grow the fastest due to growth in the tourism industry; the segment is expected to occupy nearly half of the market share by 2022. Government establishment modernizations will create high demand for HVAC products. Increasing construction of residential projects and demand from individual households will drive the demand for high wall AC. Demand for chillers and airside units will continue to rise from the growing tourism industry and commercial projects. High walls is a highly price-sensitive segment, with the presence of approximately 15 participants including a significant presence of the Chinese suppliers. This industry analysis on the air conditioning market in Sri Lanka offers the most up-to-date market data on the actual market situation by product types (high walls, cassettes, ducted, floor/ceiling consoles, tower, chillers, VRF, and packaged units) and by key end-user segments (residential, hospitality, offices, retail and government, healthcare, and industrial). The research includes market data from 2017 to 2022 that gives a future outlook for air conditioners in Sri Lanka, which makes this study an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented exhibits.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Market Definitions
    • Key Definitions
    • Key Questions This Study Will Answer
    • Market Segmentation by Product Segments
    • Market Segmentation by End-user Segments
  • Drivers and Restraints—Total Air Conditioning Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Forecasts and Trends—Total Air Conditioning Market
    • Market Engineering Measurements
      • Table Total Air Conditioning Market: Market Engineering Measurements, Sri Lanka, 2017
    • Forecast Assumptions
      • Table Economic Scenario, Sri Lanka, 2015–2022
    • Unit Shipment and Revenue Forecast
      • Table Total Air Conditioning Market: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Total Air Conditioning Market: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
    • Revenue Forecast by Vertical Market
      • Table Total Air Conditioning Market: Revenue Forecast by Vertical Market, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Vertical Market
  • Market Share and Competitive Analysis— Total Air Conditioning Market
    • Market Share
    • Market Share by Product Type—High Walls
    • Market Share by Product Type—Light Commercial
    • Market Share by Product Type—Commercial
    • Market Share Analysis
      • Table Total Air Conditioning Market: Company Market Share Analysis of Top 5 Participants, Sri Lanka, 2017
    • Competitive Environment
    • Top Competitors
    • Product Highlights
    • Competitive Factors and Assessment
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1—Rise in Tourism and Hospitality
    • Growth Opportunity 2—Renovation in Government Buildings
    • Growth Opportunity 3—Inverter-based Solutions
    • Growth Opportunity 4—Focus on Product Innovation
    • Strategic Imperatives for Success and Growth
  • Product Segment Analysis—High Walls
    • Key Findings
    • Market Engineering Measurements
      • Table High Walls Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table High Walls Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table High walls Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Light Commercial: Cassettes
    • Key Findings
    • Market Engineering Measurements
      • Table Cassettes Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Cassettes Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Cassette Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Light Commercial: Ducted AC
    • Key Findings
    • Market Engineering Measurements
      • Table Ducted AC Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Ducted AC Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Ducted AC Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Light Commercial: Floor/Ceiling Consoles
    • Key Findings
    • Market Engineering Measurements
      • Table Floor/Ceiling Consoles Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Floor/Ceiling Consoles Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Floor/Ceiling Consoles Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Light Commercial: Tower ACs
    • Key Findings
    • Market Engineering Measurements
      • Table Tower AC Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Tower AC Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Tower AC Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Commercial: Chillers
    • Key Findings
    • Market Engineering Measurements
      • Table Chillers Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Chillers Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Chillers Segment: Revenue Forecast by Scneario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Commercial: Air Side
    • Key Findings
    • Market Engineering Measurements
      • Table Air Side Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Air Side Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Air Side Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Commercial: VRF
    • Key Findings
    • Market Engineering Measurements
      • Table VRF Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table VRF Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table VRF Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • Product Segment Analysis—Commercial: Packaged Units
    • Key Findings
    • Market Engineering Measurements
      • Table Packaged Units Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Packaged Units Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Packaged Units Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022,
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Residential
    • Key Findings
    • Market Engineering Measurements
      • Table Residential Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Residential Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Residential Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Hospitality
    • Key Findings
    • Market Engineering Measurements
      • Table Hospitality Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Hospitality Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Hospitality Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Offices
    • Key Findings
    • Market Engineering Measurements
      • Table Offices Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Offices Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Offices Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion
  • End-user Segment Analysis—Retail
    • Key Findings
    • Market Engineering Measurements
      • Table Retail Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Retail Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Retail Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Government
    • Key Findings
    • Market Engineering Measurements
      • Table Government Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Government Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Government Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Industrial
    • Key Findings
    • Market Engineering Measurements
      • Table Industrial Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Industrial Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Industrial Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • End-user Segment Analysis—Healthcare
    • Key Findings
    • Market Engineering Measurements
      • Table Healthcare Segment: Market Engineering Measurements, Sri Lanka, 2017
    • Unit Shipment and Revenue Forecast
      • Table Healthcare Segment: Unit Shipment and Revenue Forecast, Sri Lanka, 2017–2022
    • Unit Shipment and Revenue Forecast Discussion
    • Revenue Forecast by Scenario
      • Table Healthcare Segment: Revenue Forecast by Scenario, Sri Lanka, 2017–2022
    • Revenue Forecast Discussion by Scenario
  • The Last Word
    • The Last Word—3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • List of Companies in "Others"
    • List of Abbreviations
    • Partial List of Companies Interviewed

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