Egypt Air Conditioner Market (2021-2027) | Size, Growth, Outlook, Share, Revenue, Trends, Value, Industry, Analysis, Segmentation & COVID-19 IMPACT

Egypt Air Conditioner (AC) Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Turkey. It has registered a growth of 13.56% over previous year. While Turkey registered a growth of 34.29% over previous year. While in 2017 China was the largest exporter followed by Thailand. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has Herfindahl index of 2491 in 2017 which signifies moderately concentrated while in 2021 it registered a Herfindahl index of  2703 which signifies high concentration in the market

Egypt Air Conditioner (AC) Market - Export Market Opportunities

Latest (2023) Development of the Egypt Air Conditioner (AC) Market

Egypt Air Conditioner (AC) Market is anticipated to grow at the fastest growth rate with several developments in the industry. For instance, shift towards smart and energy-efficient models to save on electricity bills. In response to this, manufacturers are focusing on introducing eco-friendly refrigerants which have zero ozone depletion potential. They are also leveraging Artificial Intelligence (AI) technology to enable customers to control their AC units. Moreover, increased demand for portable air conditioners due to their flexibility and portability has been augmented over the years. in general, these devices can be easily moved from one room to another and require minimal effort.
Furthermore, manufacturers are offering extended warranties on their products to build customer trust which has resulted in increased competition among key players, driving them towards innovation while keeping prices competitive.

Topics Covered in the Egypt Air Conditioner Market

The Egypt Air Conditioner Market report thoroughly covers the market by types, applications and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Air Conditioner Market Synopsis

The Egypt Air Conditioner Market witnessed moderate growth during the period 2017-2020 underpinned by rapid growth in population and rising urbanization in the country. The Egyptian government has placed a strong emphasis on infrastructure and construction as a key engine of urban growth and financial stability on account of the IMF (International Monetary Fund) backed economic reform program, henceforth driving the growth of the air conditioner market in the country.

According to 6Wresearch, Egypt Air Conditioner Market size is projected to grow at CAGR of 5.7% during 2021-27.  The primary reason for the growth in the Egypt air conditioner industry can be attributed to the upcoming projects including the Middle East region’s largest private medical city and entertainment district. Moreover, the rising economic growth and per capita income of Egypt would play a crucial role in improving the living standards and in increasing the disposable income of the Egyptians, hence boosting the sales of home appliances including air conditioners in the country.

The Impact of COVID-19 on the Egypt Air Conditioner (AC) Market

The COVID-19 pandemic has adversely influenced the growth of Egypt Air Conditioner (AC) Industry in several ways. The COVID-19 pandemic brought a decline in market revenues during the year 2020 as the air conditioner market in Egypt is both manufacturing and import-dependent and the movement restrictions imposed during the pandemic period disrupted the supply chain leading to falling market demand and hence the market revenues. With construction activities being postponed, demand dropped significantly. However, with restrictions being eased, the market is predicted to recover gradually primarily due to government initiatives such as reduced electricity tariffs for energy-efficient ACs.

Key Players in the Egypt Air Conditioner (AC) Market

The Egypt Air Conditioner (AC) Market is fiercely competitive, with several key players holding a significant share of the market. These players are investing heavily in R&D activities to launch new products. Some of the key players leading the market are;

• Carrier Egypt S.A.E.
• LG Electronics Egypt S.A.E.
• Gree Electric Appliances Egypt Co., Ltd
• Samsung Electronics Egypt S.A.E.
• Daikin Air Conditioning Egypt LLC
• Mitsubishi Electric Corporation
• Johnson Controls Company LLC 

Market Analysis by Type

Based on types, the room air conditioner segment has acquired the majority of the revenue share in the air conditioner market of Egypt in 2020 on account of higher penetration of room air conditioners in the residential segments. Based on applications, the residential sector garnered the majority of the market revenue share during the year 2020 and is expected to dominate the market over the coming years as well on account of growing residential infrastructure development in the country. Split air conditioners led the Egypt room air conditioner market in recent years owing to their increasing adoption in the residential sector and small shops as the split air conditioners are energy efficient and they need less space in comparison to its counterpart, that is a window air conditioner.

Market Analysis by Application

Amongst all the applications, the residential and commercial sectors account for about 50% of the total market revenues in 2020. The residential sector garnered the majority of the market revenue share during the year 2020 and the same trend is anticipated to persist over the coming years as a result of the rapid expansion in residential infrastructure development across the country. With the increasing number of commercial buildings including hotels, hospitals, supermarkets, and educational infrastructure, commercial offices & retail sector is projected to grow at a faster pace in the Egypt air conditioner market in near future.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Egypt Air Conditioner Market Overview
• Egypt Air Conditioner Market Outlook
• Egypt Air Conditioner Market Forecast
• Historical Data and Forecast of Egypt Air Conditioner Market Revenues, for the Period 2017-2027F
• Historical Data and Forecast of Egypt Room Air Conditioner Market Revenues & Volume, By Types, for the Period 2017-2027F
• Historical Data and Forecast of Egypt Ducted Air Conditioner Market Revenues & Volume, By Types, for the Period 2017-2027F
• Historical Data and Forecast of Egypt Ductless Air Conditioner Market Revenues & Volume, By Types, for the Period 2017-2027F
• Historical Data and Forecast of Egypt Centralized Air Conditioner Market Revenues & Volume, By Components, for the Period 2017-2027F
• Historical Market Data and Forecast of Revenues, By Applications, for the Period 2017-2027F
• Historical Market Data and Forecast of Revenues, By Regions, for the Period 2017-2027F
• Egypt Air Conditioner Market Share, By Players
• Value Chain and Ecosystem
• Covid-19 Impact Analysis
• Market Drivers and Restraints
• Egypt Air Conditioner Market Trends
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Room Air Conditioner
  • Window
  • Split
• Ducted
  • Ceiling Concealed
  • Rooftop Packaged
• Ductless
  • Suspended
  • Floor Standing
  • Cassette
• Centralized
  • AHU/FCU
  • Chiller
  • VRF
  • Other (Evaporator Coils, Condensing Units, etc.)

By Applications

• Residential
• Healthcare
• Commercial Offices & Retail
• Transportation
• Hospitality
• Other (Education, BFSI, Manufacturing, etc)

By Regions

• Nile Valley and Delta
• Eastern Desert
• Western Desert
• Sinai Peninsula