Market Insights Consumer Household Appliances Major Appliances

Air Conditioners - Vietnam

Vietnam

In Vietnam, the Air Conditioners market generated a revenue of US$0.88bn in 2024.
It is projected to experience an annual growth rate of 7.27% (CAGR 2024-2029).
When compared globally, in China leads the market with a revenue of US$15,980m in 2024.
In terms of per household revenue, US$40.36 is generated in 2024.
Looking ahead, the volume of the Air Conditioners market is expected to reach 4.0m pieces by 2029, with a growth rate of 6.8% in 2025.
On average, each household in Vietnam is expected to have a volume of 0.14pieces in 2024 in the Air Conditioners market.
Vietnam's growing middle class and hot climate have led to a surge in demand for energy-efficient air conditioners.

Key regions: Indonesia, India, Japan, China, Worldwide

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.