SEOUL, June 16 (Korea Bizwire) — After enjoying rapid growth last year, demand for window-style air conditioners continues to soar.
The size of the market, which had been led by Paseco Co., expanded further after major air-conditioning brands such as Carrier and Shinil Electronics Co. jumped into the market.
Brand-new products released this year complemented the shortcomings of existing models in power consumption and noise, boasting better cost-to-performance ratio.
According to the price comparison site Danawa on Thursday, sales of window-type air conditioners more than doubled in the first week of June compared to the second week of May.
In May, sales of window-type air conditioners jumped by 81.4 percent from a year ago.
Considering that sales of window-type air conditioners at Danawa marked growth of 455 percent in May 2019 compared to 2017, this market has been growing at a blistering pace for three straight years.
At another price comparison site Enuri, sales of window-type air conditioners are also growing at a rapid pace.
Enuri said that the sales of this type of air conditioner during the period from May 12 to June 8 rose by 101 percent from a year ago, generating a 196 percent increase in revenues.
Window-type air conditioners are box type air conditioners which integrate the outdoor unit with an indoor unit.
Ashley Song (email@example.com)