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 of the Air Conditioner market in KSA is extremely hot climatic conditions, development of the industrial areas and the increasing figure of household units. In Saudi Arabia, the summer season continues up 7 to 9 months in a year and the temperature reaches nearby to 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 focusing 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 to the flourishing real-estate infrastructure in the KSA. In addition, rising per capita income accompanying with burgeoning demand of energy-saving home & commercial appliances further enhancing the market growth & opportunity of the air conditioner in Saudi Arabia.
In addition, rising per capita income accompanying with burgeoning demand of energy-saving home & commercial appliances along with smart cities development further enhancing the market growth & opportunity of the air conditioner in Saudi Arabia during the forecast period. On the other hand, common electrical & mechanical failure and costly maintenance are factors restraining the market growth in Saudi Arabia.
In KSA, the centralized AC has holds the majority market share in 2017, where VRF ( Variable Refrigerant Flow) is anticipated to capture significant growth in Saudi Arabia air conditioner market in the coming years.
The Saudi Arabia Air Conditioner market segmented on the basis of product type, application, and Regions. 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, & Others). On 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
© 2019-2023 Pheonix Research. All rights reserved | Design by W3layouts.