Saudi Arabia Air Conditioner Market: By Product Type (Split AC, Window AC, Ceiling Concealed, Floor Standing, Packaged AC, Cassette Type And Centralized (AHU/FCU, VRF, Condensing Unit, Chiller, & Others)), and By Application (Commercial, Industrial and Residential) By Regions (Eastern, Western, Southern and Central) – Opportunities and Forecast (2020-2026)
Saudi Arabia leads the overall Middle East Air Conditioner Market. KSA is anticipated to transform its spotlight towards tourism and hospitality in recent times. Furthermore, the predictable growth of the residential segment drives the growth of air conditioners in Saudi Arabia. The primary factor that drives the demand for the Air Conditioner market in KSA is extremely hot climatic conditions, the development of the industrial areas, and the increasing figure of household units. In Saudi Arabia, the summer season continues for 7 to 9 months in a year and the temperature reaches nearly 53°C.
According to Pheonix Research, Saudi Arabia Air Conditioner Market is anticipated to grow at a CAGR of 5.2% during 2020-26. Saudi Arabia also focuses on entrepreneurial environment development and private sector investment under Project “Vision 2030”, the country is primarily concentrating on reducing minimal dependency on oil-based industry revenue to dominate the flourishing real-estate infrastructure in the KSA. In addition, rising per capita income accompanied by the burgeoning demand for energy-saving home & commercial appliances further enhances the market growth & opportunity of air conditioners in Saudi Arabia.
In addition, rising per capita income accompanied by burgeoning demand for energy-saving home & commercial appliances along with smart city development further enhanced the market growth & opportunity of the air conditioner in Saudi Arabia during the forecast period. On the other hand, common electrical & mechanical failures and costly maintenance are factors restraining the market growth in Saudi Arabia.
In KSA, the centralized AC held the majority market share in 2017, where VRF ( Variable Refrigerant Flow) is anticipated to capture significant growth in Saudi Arabia’s air conditioner market in the coming years.
The Saudi Arabia Air Conditioner market is segmented based on product type, application, and Region. Based on product type market is categorized into Split AC, Window AC, Ceiling Concealed, Floor Standing, Packaged AC, Cassette Type, And Centralized (AHU/FCU, VRF, Condensing Unit, Chiller, and others).
On an Application basis, the market is segmented into Residential, Commercial, and Industrial. Regions are segmented into Eastern, Western, Southern, and Central.
Market Covered
By Types
• Split AC
• Window AC
• Ceiling Concealed
• Floor Standing
• Packaged AC
• Cassette Type
• Centralized
▪ AHU/FCU
▪ VRF
▪ Condensing Unit
▪ Chiller
• Others
By Application
• Commercial
• Industrial
• Residential
By Regions
• Eastern
• Western
• Southern
• Central
Key Players
• AHI Carrier FZC
• Al Salem Johnson Controls
• Daikin Air Conditioning Saudi Arabia LLC
• Fujitsu General
• GREE Electric Appliances Inc.
• LG Electronics Gulf
• Mitsubishi Electric Corporation
• S.K.M Air Conditioning LLCTrane Inc.
• Zamil Air Conditioner