Forecast: Import of Air Conditioners with Reverse Cycle Refrigeration to Philippines

The import of air conditioners with reverse cycle refrigeration to the Philippines stood at 22.4 million US dollars in 2023. From 2024 onwards, the forecasted values are 23.305 million USD (2024), 24.267 million USD (2025), 25.211 million USD (2026), 26.135 million USD (2027), and 27.041 million USD (2028). Analyzing the year-on-year variation, the average annual growth rate (CAGR) over the next five years is anticipated to be approximately 3.9%.

Future trends to watch for include advancements in energy-efficient technologies, increased adoption due to growing awareness of climate change, and the influence of economic factors such as tariffs and trade agreements on import volumes.