Sou Hu Cai Jing·2025-08-21 08:07Core Viewpoint - The Chinese home air conditioning industry has achieved remarkable success, becoming a global production powerhouse, with 80% of air conditioners produced in China and a significant export market, particularly along the Belt and Road Initiative countries [2][5][7]. Group 1: Industry Definition and Classification - Air conditioning is defined as a device that regulates air temperature, humidity, flow rate, and cleanliness in enclosed spaces, with home air conditioners classified as products under 4HP, including window, cabinet, wall-mounted, and portable units [3]. Group 2: Current Development Status - Since the introduction of the first window air conditioner in the 1970s, China's air conditioning industry has grown significantly, with over 70% of global home air conditioner production capacity concentrated in China [5]. - In 2024, China's home air conditioner production is projected to reach 19.508 million units, an increase of 3.1798 million units from 2023 [5]. Group 3: Market Demand and Sales - The air conditioning industry continues to thrive, with overall demand on the rise. In 2024, China's home air conditioner sales are expected to be 18.977 million units, an increase of 3.2824 million units from 2023. This includes 9.652 million units for domestic sales, up by 597.9 thousand units, and 640.5 thousand units for exports, up by 9.325 million units [7]. Group 4: Competitive Landscape - Major leading manufacturers in China's home air conditioning sector include Haier, Midea, and Gree, which rank among the top three globally. Other notable companies include Hisense, TCL, and several others [2][5].