Environment

Waste management is one of the major problems impacting cities today. The rapid rate of urbanization in Asia has only exacerbated the issue. The main goal of this study is to explore the waste management initiatives of major population centers and economic hubs in Asia. For the purposes of this study, 14 Asian cities were selected based on a conflu...

The demand for bottled water has grown over the last decade as consumers become more health-conscious and new packaging technologies are adopted. The latest market trend is bottled water with added minerals and vitamins; these products are rapidly becoming an alternative to traditional soft drinks. Global market revenue reached $158.83 billion in...

Urban water infrastructure in the Asia-Pacific (APAC) region is witnessing enormous investments in order to cater to the needs of the growing population and to address the challenges posed by rapid urbanization, and climate change. Key investments in the region are towards replacement of old pipes, expansion of existing pipe network, water treatme...

Water and wastewater (W&WW) utilities across the globe are increasingly exploring digital solutions to improve their resilience, and economical and environmental sustainability, which have been impacted by factors like water stress, pollution, and climate change. Digitalization through Industrial Internet of Things (IIoT) based smart solutions has ...

The need to ensure regulatory compliance and the drive to extend asset life continue to support growth of the facilities management (FM) market in Australia. Stable demand from certain end-use sectors will underpin FM revenue growth. Recovery in the mining sector and sustained growth in healthcare services point to positive FM growth. However, skil...

he Vietnamese facilities management (FM) market is expected to record a growth rate of 5.5% in 2019. By 2023, the total market is expected to record a compound annual growth rate (CAGR) of 6.0%, reaching $470.8 million. Rapid growth in Vietnam’s economy is driving building construction in various sectors, such as healthcare, financial, industrial...

The growing scarcity of natural resources, along with the harmful environmental impacts of emissions and discarded materials in the landfills and water bodies are the pressing current challenges faced globally. This has warranted the need to adopt circular economy (CE) principles, over the prevailing linear economy models, in every stages of the su...

13 Sep 2019  |  Asia Pacific  |  Market Research

Air Conditioner Market in ASEAN-6, Forecast to 2023

Increasing Urbanization and Rising Demand for Energy-Efficient Air Conditioners Driving Market Growth

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Key Issues Addressed

The air conditioner market in ASEAN-6 countries (comprising Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) is currently in the growth stage and is expected to expand at a strong CAGR of 7.0% between 2018 and 2023. Increased urbanization and rising awareness about energy-efficient air conditioners is increasing the demand. P...

The global elevator market is generally deemed low risk and is steadily growing. The market is closely tied to the performance of the global real estate development market, as an elevator is a common and important component in a building. The market is expected to grow about 4% annually from 2018 to 2025, attributed to three factors: the demand for...