Colombia Air Conditioner (AC) Market Overview, 2028

Colombia has a high demand for air conditioning systems due to its diverse environment, which ranges from tropical lowlands to cooler mountain regions. Air conditioners are necessary appliances that provide relief from the heat and assure indoor comfort in homes, businesses, and commercial buildings. Colombia's geographical diversity results in a diverse spectrum of climates, ranging from hot and humid coastal parts to colder highland locations. Air conditioning is not simply a luxury in places like Bogotá, Medelln, and Cartagena; it is a necessity to fight year-round temperature changes. The expanding economy of Colombia has raised discretionary income levels, making air conditioning more affordable for people. As people's living conditions increase, so does the demand for cooling solutions. Colombia's urbanization is on the rise, with an increasing number of people dwelling in cities. The urban heat island effect causes greater temperatures in urban areas, making air conditioning essential for city people. The commercial sector, which includes offices, hotels, retail malls, and restaurants, significantly relies on air conditioning to offer a comfortable environment for customers and staff. This has boosted demand for commercial air conditioning equipment. The incorporation of smart technologies into air conditioning systems is increasing. Smart air conditioners can be managed remotely via smartphone apps, allowing users to change settings, monitor energy consumption, and schedule cooling cycles for maximum efficiency. Modular or multi-split air conditioning systems are gaining traction, especially in commercial applications. These systems allow for individual control of multiple indoor units connected to a single outdoor unit, providing zoning capabilities and energy savings. According to the research report "Colombia Air Conditioner (AC) Market Overview, 2028," published by Bonafide Research, the Colombia Air Conditioner (AC) market is projected to reach market size of more than USD 2 Billion by 2028. The cooling requirements in high-altitude cities like Bogotá differ from those in coastal areas. Specialized cooling systems that can function efficiently at reduced atmospheric pressure and oxygen levels are needed for high-altitude cooling. Air conditioning units are frequently built to survive storms and severe winds in coastal regions where these threats exist. This guarantees the durability and safety of the systems in areas vulnerable to hurricanes. Colombia places a lot of emphasis on energy efficiency due to environmental concerns and a desire to lower electricity bills. Advanced technology like inverter compressors, which improve energy consumption by altering the cooling capacity based on the needs of the room, is frequently found in air conditioners made in Colombia. Energy is significantly saved as a result. Colombian air conditioners often employ environmentally benign refrigerants that have a low GWP and little effect on the ozone layer. Modern appliances frequently use R410A and R32 refrigerants, which conform to global environmental norms and laws. More and more air conditioners in Colombia come with smart capabilities that let owners utilize smartphone apps to monitor and operate their systems from a distance. This link improves energy conservation and user ease. Air conditioners with dual cooling and heating capabilities are common in areas with both scorching summers and chilly winters. These dual-purpose appliances offer year-round comfort and eliminate the need for additional heating systems.

Based on product type market is bifurcated into window AC, portable AC, ductless multi split AC, packaged AC, floor mounted AC, central AC, variable refrigerant AC and others. Among them portable AC is expected to register highest growth rate in Colombia Air conditioner market. Comparing portable AC units to conventional split or central air conditioning systems, portable AC units are often more economical upfront. Portable air conditioners are a desirable option for customers looking for an affordable cooling solution in Colombia, where cost-consciousness is common. Installing portable air conditioners is simple and doesn't involve making significant structural changes to the building. They can be used by both homeowners and renters because they don't require a permanent installation. Users only need to plug them in and set them up where they are needed. The benefit of portability is enormous. The device can be moved from room to room so that cooling efforts are concentrated where they are most needed. This versatility is particularly useful for customers who want to cool particular regions without cooling the entire space or for homes with different cooling requirements. Based on end user market is divided into residential, commercial and industrial. Commercial segment is expected to grow at significant rate in Colombia Air conditioner market. In recent years, Colombia's economy has grown steadily. The construction of commercial spaces like office buildings, shopping centers, hotels, and restaurants has expanded as a result of this boom. The need for air conditioning systems grows as new commercial buildings are constructed and as existing ones are expanded. Colombia is growing in popularity as a travel destination. Hotels and resorts are growing as part of the hospitality sector to accommodate the rising tourist population. This industry relies heavily on air conditioning to maintain guest comfort, which increases the demand for industrial cooling solutions. The number of dining places in Colombia has been growing along with the country's restaurant business. In order to guarantee a good dining experience, restaurants must have air conditioning, especially when the climate is hot and muggy. In terms of tonnage market includes upto 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton. Commercial spaces such as offices, retail stores, restaurants, and hotels are best suited for the 2- to 5-ton AC units. These units are crucial for maintaining a comfortable climate in commercial enterprises since they can effectively cool larger spaces. Numerous enterprises are housed in large offices and buildings in Colombia's expanding business community. In order to adequately chill these large facilities and guarantee continuous comfort for staff and consumers, larger air conditioning equipment is required. Shopping centers are a common sight in Colombian cities. To maintain acceptable temperatures for customers and visitors, these sizable commercial buildings need strong air conditioning systems with capacities ranging from 2 tons to 5 tons. Based on technology market is divided into invertor ACs and non-invertor ACs. In general, non-inverter air conditioners cost less up front than their inverter counterparts. Consumers who are concerned about their budgets can choose non-inverter units in a price-sensitive market like Colombia as a more affordable cooling option. Non-inverter air conditioners are more widely used and have been on the market longer. As a result, consumers have access to a large range of non-inverter versions and can easily find them in stores, making them a practical choice. The reliability and durability of non-inverter air conditioners are well known. They are frequently thought of as strong and resistant to a variety of environmental conditions. The distribution channel of the market include multi brand stores, exclusive stores, online and others. Among them online distribution channel is predicted to register highest growth rate in Colombia Air conditioner market owing rise in E-commerce sector and convenience of online shopping increasing the demand of Air conditioners products purchase through online channel.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Colombia Air Conditioner (AC) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Window AC • Portable AC • Ductless Multi Split AC • Packaged AC • Floor Mounted AC • Central AC • Variable Refrigerant AC • Others

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By End User: • Residential • Commercial • Industrial By Tonnage: • Up to 2 Ton • 2 Ton to 5 Ton • 5 Ton to 10 Ton • More Than 10 Ton By Technology: • Inverter ACs • Non-Inverter ACs By Distribution Channel: • Multi-brand Stores • Exclusive Stores • Online • Other Channels The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Air Conditioner (AC) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.