Thailand Emerges as Global Air Conditioner Manufacturing Powerhouse

In 2024, Thailand solidified its status as the world’s third-largest exporter of air conditioners, manufacturing 19 million units and ranking just behind China and Mexico.

Key takeaways

• Thailand became the world’s third-largest air conditioner exporter in 2024, producing 19 million units and generating over US$7 billion in revenue.
• Strong government incentives and strategic investment by global players like Daikin, Mitsubishi, and Haier have positioned Thailand as a key HVAC manufacturing hub.
• With growing domestic demand and a forecasted 8.5% industry CAGR through 2030, Thailand is poised to lead the next wave of smart, energy-efficient cooling solutions.

Export revenues surged to US$7.044 billion, marking a 9% year-on-year increase. The United States remained the top destination, accounting for 35% of Thai AC exports, followed by Europe (25%), ASEAN markets (20%), Australia (10%), and Japan (10%).

The product mix was led by split systems, which comprised 65% of exports, while window units and VRF systems represented 25% and 10%, respectively.