China air conditioner (ac) market | grow at 7.6% cagr till 2027
China Air Conditioner (AC) Market Synopsis China Air Conditioner Market is anticipated to project substantial growth during the forecast period owing to the rising disposable income. The rise in per capita income has led to an increase in the standard of living, further beholds the growth of the market. Additionally, the expansion of the residential, commercial, and industrial sectors backed by rising migration is driving the need for temperature regulation further driving the growth of the market. According to 6Wresearch, China AC Market size is projected to grow at a CAGR of 7.6% during 2021-2027. China occupies the 20th position in terms of the market size in the APAC Air Conditioner Market. Increasing adoption of air conditioners as a necessity instead of a luxury is propelling the growth of the market. Additionally, the market is also driven by the factors such as the strengthening of the hospitality and tourism sectors. The establishment of hotels, restaurants, and m...