GCC Air Conditioners market is expected to grow with a CAGR over 7.93% during the forecast period 2018-2025, owing to changing climatic conditions, and changing consumer lifestyle. The climate and weather in GCC are hot and dry, hot weather prevails throughout the year with the occasional rainfall in winter. The hot days/nights based on temperature thresholds reveals that summers are expanding and winters are shrinking. The increasing trend of intense heat may cause health problems in the region.
According to a new market report published by BlueWeave Consulting, the GCC Air Conditioners Market was valued at US$ 2.73 Bn in 2017 and is expected to expand at a CAGR of 7.93% from 2018 to 2025, reaching US$ 4.66 Bn by the end of the forecast period. According to the report, Saudi Arabia was the largest contributor in terms of revenue to the GCC air conditioners market in 2017.
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GCC Air Conditioners Market: Competitive Dynamics
The GCC Air Conditioners market is dominated by a number of players, amongst them the major players are Zamil Air Conditioners Holding Co. Ltd., Daikin McQuay Middle East FZE, LG Electronics Gulf FZE, Gree Electric Appliances, Inc., Air-conditioning & Heating International Carrier FZC, etc. Companies in this industry are following different strategies to strengthen their market position. For instance, In March 2017 LG along with their selected distributor Al Yousuf introduced the new technology air conditioners all across UAE. The products have their new inverter technology installed in them.
GCC Air Conditioners Market: Scope of the Report
The GCC Air Conditioners market is segmented on the basis of type, and application. On the basis of type, the market is segmented into Centralised AC, Split AC, Window AC, Packaged AC, Portable AC, and Others. Centralized AC was the largest segment in the GCC Air Conditioners market in 2017, and is estimated to witness the highest growth during 2018-2025. On the application basis, the market is segmented into Residential, and Commercial. Residential accounted for the largest segment in the GCC air conditioners market in 2017.
On the basis of country, the market is segmented into five parts namely Saudi Arabia, UAE, Kuwait, Qatar, Oman, and Bahrain. Saudi Arabia was the largest country in the GCC air conditioners market in 2017 with a market share of 54.3% and it is estimated to grow over a CAGR of 7.54% during 2018-2025.
GCC Air Conditioners Market: Key Product Analysis
- Centralized AC Market in GCC is expected to grow with a CAGR of over 7% during 2018-2025. Centralized AC is a system in which air is cooled at a central location and distributed to and from rooms by one or more fans and ductwork. It is mainly used in hospitals, schools, offices, hotels, factories, large commercial buildings, and industrial plants. etc.
- Window AC Market in GCC is the fastest growing and it is expected to grow with a CAGR of 8.7% during 2018-2025. Similar to Window AC, Portable ACs are another example of a “unitary” or self-contained air conditioning system. Portable ACs have all of their important components contained within one appliance. These units are most commonly used in situations where either the design of a room or building rules and regulations prevent the installation of a window unit.
- Split AC Market in GCC is expected to grow with a CAGR of over 8% during 2018-2025. Presently, the usage of Split ACs is more as compared to the conventional ACs owing to several benefits. split AC provides noise-free performance, enabling of a multi-split system which makes it simple to cool various rooms as one outdoor unit can support multiple various indoor air conditioning units., ease of installation and ease of service provided.
Table of Contents:
Chapter One: Research Framework
Chapter Two: Assumptions & Research methodology
Chapter Three: Executive summary
Chapter Four: Industry Insights
Chapter Five: GCC Air Conditioners Market Overview
Chapter Six: GCC Air Conditioners Market, By Types
Chapter Seven: GCC Air Conditioners Market, By Centralized AC Types
Chapter Eight: GCC Air Conditioners Market, By Application
Chapter Nine: GCC Air Conditioners Market, By Country
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