Mexico Air Conditioner (AC) Market Overview, 2028

The Mexican air conditioner market is a vibrant and expanding segment of the country's HVAC (Heating, Ventilation, and Air Conditioning) industry. Mexico's distinct environment, economic conditions, urbanization, and customer tastes have all contributed to the market's development and evolution. The climate of Mexico varies greatly from region to region. Summers in the northern and central sections of the country can be exceptionally hot, with temperatures often topping 90°F (32°C). Some southern locations, on the other hand, have a tropical climate with significant humidity. Because of these climatic circumstances, air conditioning is required in many places in Mexico, particularly during the hot summer months. Mexico has seen rapid urbanization, with cities and metropolitan areas housing a growing proportion of the population. This pattern has resulted in rising demand for residential and commercial conditioning systems. The better economic conditions in Mexico have led to the expansion of the air conditioner market. Air conditioning systems, which were once considered a luxury but are now recognized as important for comfort and productivity, are becoming more affordable as more households and companies have larger discretionary budgets. The Mexican government has launched a number of efforts to encourage the use of energy-efficient and environmentally friendly HVAC systems. These initiatives frequently incorporate energy labeling and certification programs to assist consumers in making educated decisions. In Mexico, the HVAC system repair and servicing business, including air conditioners, is extensively developed. Regular maintenance is required for the efficient and long-term operation of air conditioning machines, which presents opportunities for service providers and professionals. According to the research report "Mexico Air Conditioner (AC) Market Overview, 2028," published by Bonafide Research, the Mexico Air Conditioner (AC) market is expected to reach market size of more than USD 5 Billion by 2028. Given Mexico's abundant sunlight, there is a growing interest in integrating solar energy with air conditioning systems. This renewable energy source can help reduce electricity consumption and costs, making it an appealing option for environmentally conscious consumers. Mexico imports a significant number of air conditioners, and it is also a key market for international manufacturers. The country's proximity to the United States and its participation in international trade agreements contribute to a diverse array of air conditioner brands available in the market. Mexico is susceptible to extreme weather events, including hurricanes and tropical storms in coastal areas. These events can disrupt electricity supply and damage air conditioning systems, leading to demand for robust and reliable units. Commercial air conditioning systems are in high demand in Mexico's expanding commercial sector, which includes office buildings, shopping malls, and hospitality companies. The requirements of this sector may differ greatly from those of the residential sector. High-rise residential buildings are popular in urban settings. To supply cooling to several units at the same time, these structures frequently require centralized air conditioning systems, such as chilled water systems or VRF (variable refrigerant flow) systems. The tourism industry in Mexico is a big driver of air conditioner demand. To maintain guest comfort, hotels, resorts, and other tourist accommodations rely significantly on efficient cooling 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 ductless multi split AC is majorly dominating the market of Mexico. Multi-split systems enable customized zoning by connecting numerous interior units to a single outdoor unit. Each indoor unit can be regulated separately, allowing users to cool specific rooms or sections as needed. This zoning feature is especially useful in Mexico, where temperature conditions vary by location and customers may have various cooling preferences for different parts of their homes or buildings. Ductless multi-split systems are adaptable to both residential and commercial applications. They are appropriate for chilling individual rooms, huge open spaces, offices, hotels, and other locations. As of their adaptability, they are a viable option for a wide spectrum of Mexican customers and businesses. Indoor units of multi-split systems are small and take up little space. They can be wall-mounted or installed in ceilings, taking up little space and blending in with the surroundings. The silent functioning of ductless multi-split systems is well recognized. The interior units are quiet, resulting in a pleasant and comfortable indoor environment. Because of Mexico's different temperature conditions, which include hot and humid coastal parts, arid deserts, and temperate highlands, multi-split systems are well suited to managing the country's varying cooling needs. Based on end-user market is majorly divided into residential, commercial and industrial. Residential are major customers of air conditioners in Mexico. Mexico has a diverse climate, ranging from hot and humid coastal parts to arid deserts and moderate mountains. Many sections of the country enjoy a warm climate for the majority of the year, with high temperatures in the summer. To ensure indoor comfort during these periods of intense heat, air conditioning is a practical necessity in homes. In recent years, Mexico has seen increasing urbanization, with more people living in cities and urban regions. Because of greater temperatures and reduced natural ventilation, the need for air conditioning is typically more obvious in densely populated metropolitan locations. Based on tonnage market is divided into upto 2 ton, 2 ton to 5 ton, 5 ton to 10 ton, and more than 10 ton. Tonnage upto 2 ton is significantly dominating the market of Mexico. In Mexico, the home sector is a big consumer of air conditioners. Cooling requirements in homes, particularly smaller to mid-sized residences, are often handled by units weighing up to 2 tons. These units are popular among homeowners since they are well-suited for bedrooms, living rooms, and smaller living spaces. Smaller air conditioning units are frequently more energy-efficient, especially when properly sized for the space they are cooling. Energy efficiency is an important concern for Mexican customers because it helps to minimize electricity bills and the environmental impact. Units with tonnages of up to 2 tons are generally less expensive in terms of both upfront purchase prices and running expenses. Because of their low cost, they are available to a larger portion of the population, including homeowners and renters. In terms of technology market is segmented into invertor ACs and non-invertor ACs. Market is majorly dominated by invertor ACs with significant market share. Environmental consciousness is growing worldwide, and Mexico is no exception. Inverter ACs often use eco-friendly refrigerants with lower Global Warming Potential (GWP), aligning with environmental regulations and sustainability goals. Consumers and businesses are increasingly considering the environmental impact of their appliances, making inverter technology an attractive choice. Mexico has experienced significant urbanization, with more people living in cities and urban areas. In urban environments, where indoor space is limited, efficient and versatile inverter ACs are preferred to ensure optimal cooling. Inverter ACs are known for their quieter operation compared to traditional models. In densely populated urban areas, reduced noise pollution is highly valued by consumers. Based on distribution channel market is divided into multi brand stores, exclusive stores, online and others. Among them Air conditioners are majorly distributed through multi brands stores as there is significant presence of multi brand stores in Mexico and availability of wind range of products increasing demand for air conditioner products through multi brand stores. Considered in this report: • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Mexico 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

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.