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Accelerating Urban Development and Increased Local Manufacturing
Fueling the Mexico’s Air Conditioner Market
In North America’s air conditioning market, Mexico is one of the key
revenue contributing country. Mexico’s economy has been backed by
its strong industrial sector, which accounts for approximately 28% of
the total GDP. (Free-Pr-Online.com)
According to 6Wresearch, Mexico’s Air Conditioner market is
projected to grow at a CAGR of 5.69% during 2016-22. During 2015-15,
air conditioning market in Mexico registered negative CAGR owing to
declining construction market and depreciating country’s currency.
However, the market conditions are expected to improve over the next
six years, which would spur the growth of the market. As per Mexican
government National Infrastructure Program 2014-18, projects worth of
$600 billion in private and public sectors are anticipated.
According to Rajat Kharbanda, Senior Consultant, Research and
Consulting, 6Wresearch, “Split air conditioners accounted for the
highest revenue share in the overall Mexico’s air conditioners
market. This was primarily due to the presence of inverter technology
and changing building infrastructures.”
“Moreover, rising disposable income and increasing energy
consumption concerns have resulted in installation of new energy
efficient split air conditioners. Also, new commercial building
projects such as Paradox Tower, Metropolitan Centre Tower, and Reforma
Office Tower etc. would drive the growth of ductless air conditioner
market,” Rajat further added.
According to Sathi Paul, Research Analyst, Research and Consulting,
6Wresearch, “The Central region being the most developed region is
the key revenue contributor in the Mexico air conditioner market owing
to large retail network as well as the presence of high rise buildings
in the region. The region is proposed with construction of more than
100 new building projects which would further fuel growth of the
“Residential and retail sectors are the key market contributors and
would maintain their dominance owing to the construction of around
500,000 new houses worth $25 million in Mexico,” Sathi concluded.
Some of the major players in the air conditioner market include –
Carrier Mexico S.A. de C.V., Trane S.A. de C.V., Daikin
Air-conditioning Mexico, S. de R.L. de C.V., PIMS S.A de C.V.,
Whirlpool Mexico S.A. de C.V., LG Electronics Mexicali S.A. de C.V.,
Controladora Mabe S.A. de C.V., Lennox International Inc., Hitaircon
S.A. de C.V. and Haier America lnc.
“Mexico Air Conditioner Market (2012-2022)” provides in depth
analysis with 42 figures and 7 tables covered in more than 120 pages.
The report estimates and forecast the overall Mexico air conditioner
market by revenue, by segments such as Window AC, Split AC, Cassette
AC, Ceiling Concealed AC, Floor Standing AC, Packed AC, Ceiling
Suspended AC, Ducted Split AC and Centralized AC. Verticals include
residential, commercial & retail, industrial, government &
transportation and others. The study highlights the key potential
areas and provides insights on competitive landscape, company
profiles, market drivers and restraints.