The "GCC Air Conditioner Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The GCC air conditioner market attained a value of USD 3851.6 million in 2021. Aided by the development of technologically advanced air conditioners, the market is projected to further grow at a CAGR of 3.9% between 2022 and 2027 to reach a value of USD 4998.7 million by 2027.
The rising temperatures, rapid urbanisation, and improved living standards are leading to the increased adoption of air conditioners in daily lives, which is driving the market growth. Air conditioners play a critical role in improving indoor air quality, and they can filter pollen, dust, and other environmental allergens.
Additionally, the incorporation of new low-GWP compounds due to escalating eco-consciousness is contributing to the market expansion. For instance, in 2021, Taqeef launched an inverter ducted split with an environment-friendly R32 refrigerant to meet the rising demand for sustainable products. Further, the automation of air conditioner production facilities to boost the manufacturing capacities is aiding the market growth.
In 2022, LG Electronics (LG) collaborated with Al Hassan Ghazi Ibrahim Shaker Co., a Saudi Arabian importer, manufacturer, and distributor of air conditioners, to advance its Riyadh facility by deploying industrial robots and AI technology to automate production and enhance operational efficiency. Over the forecast period, the initiatives taken by the key market players to develop technologically advanced air conditioners with enhanced design and performance, such as IoT apps that allow the user to control the air conditioner from anywhere, are likely to propel the market forward.
Market Segmentation
The market report analyses the market based on segmentations such as type, end use, and major region.
Market Breakup by Type
- Window
- Split
- Packaged
- Ducted Split
- Cassette
- Floor Standing
- Centralised
Market Segmentation by End Use
- Residential
- Commercial and Retail
- Healthcare
- Hospitality
- Government and Transportation
- Industrial
Market Breakup by Region
- Saudi Arabia
- United Arab Emirates
- Oman
- Qatar
- Kuwait
- Bahrain
Key Topics Covered:
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
4 Key Assumptions
5 Executive Summary
6 Market Snapshot
7 Industry Opportunities and Challenges
8 GCC Air Conditioner (AC) Market Analysis
9 Regional Analysis
10 Market Dynamics
11 Trade Data Analysis (HS Code - 841510)
12 Competitive Landscape
13 Industry Events and Developments
Companies Mentioned
- Arabian Air Conditioning Manufacturing Company (AMCO)
- Trosten Industries Company LLC.
- S.K.M Air Conditioning LLC
- Zamil Air Conditioners Holding Co. Ltd.
- GAMI Air Conditioners Manufacturing Company L.L.C
For more information about this report visit https://www.researchandmarkets.com/r/un0m0o
View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005534/en/
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