The Singapore air conditioners (AC) market size reached approximately USD 84.06 Million in 2025. The market is estimated to grow at a CAGR of 4.90% in the forecast period of 2026-2035, reaching a value of around USD 135.63 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.9%
Value in USD Million
2026-2035
*this image is indicative*
An air conditioner (AC) is a device which is used to maintain a cool temperature in an enclosed space such as a room or a vehicle. It can also improve the air quality and reduce the humidity of space by maintaining optimum temperature.
The EMR’s report titled “Singapore Air Conditioners (AC) Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Refrigerant Type
Market Breakup by Size
Market Breakup by End Use
Market Breakup by Distribution Channel
The residential sector occupies a substantial portion of the Singapore air conditioners (AC) market share as the country faces year-round hot and humid temperatures, which necessitates the demand for ACs in households. The rapid urbanisation, coupled with the increased purchasing power of middle-income households, also boosts the segment’s growth.
Meanwhile, the commercial sector is expected to gain robust growth in the forecast period, due to the increased implementation of ACs in hotels, restaurants, cafes, and offices for enhancing the comfort of visitors and employees.
As per the Singapore air conditioners (AC) market analysis, electronic stores account for a significant market share as these stores offer a wide range of brands and models as well as the facility of installation. These stores are also equipped with experts who can guide buyers in purchasing the appropriate AC as per their requirements.
Moreover, online channels are anticipated to witness sizeable growth in the coming years as they contain reviews from customers which can aid buyers in making an informed decision.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Singapore air conditioners (AC) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Daikin Industries Ltd. Is a global air conditioner provider, founded in 1924 and based in Osaka, Japan. Some of its common products and services include air conditioning and refrigeration products, fluorochemicals, and oil hydraulics, among others. The company aims to reduce carbon emissions, VOC emissions, and resource consumption in its product life cycle to promote sustainability.
Mitsubishi Electric Corporation, established in 1921 and headquartered in Tokyo, Japan, is an electronics and electrical equipment corporation. Its product portfolio includes air conditioners, automotive equipment, building systems, energy systems, and semiconductors and devices, among others. The company also aims to create an eco-efficient work environment by steadily implementing technologies that improve the energy efficiency of its buildings.
Panasonic Corporation, incorporated in 1918, is a provider of home appliances as well as other electronic products, based in Osaka, Japan. Some of its well-known brands include Panasonic Automotive, Panasonic Connect, and Panasonic Energy, among others. Along with electronics, the company also offers products such as automotive and avionic systems, rechargeable batteries, and industrial systems.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other Singapore air conditioners (AC) market players include LG Electronics Inc., Samsung Electronics Co., Ltd., Midea Group Co., Ltd., Johnson Controls - Hitachi Air Conditioning Company, Prism Tech Private Limited, and Strategic Marketing (S) Pte Ltd, among others.
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In 2025, the market reached an approximate value of USD 84.06 Million.
The market is projected to grow at a CAGR of 4.90% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 135.63 Million by 2035.
The major market drivers are the rise in disposable income, a shift in consumer preference towards enhanced comfort, and year-round warm and humid climate in Singapore.
The key trends of the market include the growing integration of remote-control apps of ACs with smartphones and other smart devices, the burgeoning popularity of ACs with in-built air filters, and favourable government incentives that promote energy-efficient systems in buildings.
Different refrigerant types are Freon (R-22) and Puron (R410A).
Various sizes are <12K BTU, 12K-36K BTU, 36K-60K BTU, and 60K+ BTU, among others.
The key players in the market are Daikin Industries Ltd., Mitsubishi Electric Corporation, Panasonic Corporation, LG Electronics Inc., Samsung Electronics Co., Ltd., Midea Group Co. Ltd., Johnson Controls - Hitachi Air Conditioning Company, Prism Tech Private Limited, and Strategic Marketing (S) Pte Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Refrigerant Type |
|
| Breakup by Size |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
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