Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
Product Code: ETC090105 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Jordan Air Conditioner Market report thoroughly covers the market by type and by application. The market outlook 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.
Jordan air conditioner market has been growing steadily in the recent years, followed by increasing temperatures and electricity costs. With the high living standards and extreme weather conditions, the demand for air conditioners have increased in household and office spaces. Furthermore, the tourism industry is playing a significant role in driving market growth with the rising tourist’s influx in the country, the hotels and restaurants construction rate has increased simultaneously ACs installation rate.
According to 6Wresearch, the Jordan Air Conditioner Market size is expected to rise to 10.3% during the forecast period 2024-2030. The increasing population and urbanization are two major drivers of the market. The market growth has surged due to technological advancements and increasing income levels of the country’s population. Also, the rising availability of affordable Acs that offer energy-efficient solutions, making customers enable to afford air conditioners in their homes. The hospitality sector requires air conditioning for their guests, which boosts the demand for high-quality and reliable ACs.
On the other hand, some challenges can hamper the Jordan Air Conditioner Market growth. Such as the high electricity costs and fierce competition among players. Additionally, increased energy consumption due to AC usage leads to a significant surge in electricity bills. Frequent power cuts, making it challenging for air conditioners to operate effectively. However, the installation of window ACs is decreasing, while the demand for split and portable AC systems has increased. The "smart" ACs installation is increasing to avail the advanced features that can be controlled by smartphones and other devices. AC manufacturers have started incorporating innovative features like auto-cleaning, and air ionizing in their products, aiming to influence the consumer's purchase decision.
The government has taken various efforts to promote the use of energy-efficient air conditioners by introducing supportive initiatives. Such as the Ministry of Energy, Jordan Energy Efficiency and Conservation Law, which set energy-efficient standards for ACs, promoting their use to reduce the energy consumption. Additionally, the Ministry of Environment has created awareness campaigns and offered subsidies on energy-efficient air conditioners, helping the sector grow.
The Jordan air conditioning market is highly competitive, with the existence of many global players like LG Electronics, Midea, Carrier, Daikin, Mitsubishi Electric, and Toshiba, operating in the region. There are also local manufacturers exist in the market include United Air conditioning Co., Al-Ghazi HVAC, and Jordan Cooling Industry Co. Ltd. who provide significant competition within the market.
According to Dhaval, Research Manager, 6Wresearch, the ductless air conditioning systems are the growing in the Jordanian market, due to as they are more flexible, and their lower installation costs proved them to be a more promising option for homeowners.
In terms of application, the residential air conditioning being the most significant segment. This sector has been driving the ACs demand with the urbanization increasing, and standards of living improving.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan Air Conditioner Market Overview |
3.1 Jordan Air Conditioner Market Revenues & Volume, 2020 - 2030F |
3.2 Jordan Air Conditioner Market - Industry Life Cycle |
3.3 Jordan Air Conditioner Market - Porter's Five Forces |
3.4 Jordan Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.5 Jordan Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Jordan Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Jordan Air Conditioner Market Trends |
6 Jordan Air Conditioner Market Segmentation |
6.1 Jordan Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Jordan Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Jordan Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F |
6.1.4 Jordan Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F |
6.1.5 Jordan Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F |
6.1.6 Jordan Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F |
6.2 Jordan Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Jordan Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3 Jordan Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F |
6.2.4 Jordan Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F |
6.2.5 Jordan Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F |
6.2.6 Jordan Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F |
6.2.7 Jordan Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F |
7 Jordan Air Conditioner Market Import-Export Trade Statistics |
7.1 Jordan Air Conditioner Market Export to Major Countries |
7.2 Jordan Air Conditioner Market Imports from Major Countries |
8 Jordan Air Conditioner Market Key Performance Indicators |
9 Jordan Air Conditioner Market - Opportunity Assessment |
9.1 Jordan Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Jordan Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Jordan Air Conditioner Market - Competitive Landscape |
10.1 Jordan Air Conditioner Market Revenue Share, By Companies, 2023 |
10.2 Jordan Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
Product Code: ETC090105 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 39.57% over previous year. While Thailand registered a growth of 23.11% 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, Jordan has Herfindahl index of 4392 in 2017 which signifies high concentration while in 2021 it registered a Herfindahl index of 6373 which signifies high concentration in the market
Jordan Air Conditioner (AC) Market is projected to grow over the coming years. Jordan Air Conditioner (AC) Market report is a part of our periodical regional publication Middle East Air Conditioner (AC) Market outlook report. 6W tracks air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Air Conditioner (AC) Market outlook report annually.
Jordan Air Conditioner Market grew by 1.5% in 2017- 2020 and is expected to grow at a CAGR of 5.9% during 2021- 2027. Jordan occupies 7th position in terms of the market size in the Middle East Air Conditioner Market.
In terms of market by types, Room Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types.
In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years with the fastest growth rate among all applications.
In terms of components, Chillers dominates the market and is expected to remain in a dominant position in the coming years. However, VRF is expected to have the fastest growth rate among all components.
Jordan Air Conditioner Market report comprehensively covers the market by types, applications, and regions. The Jordan Air Conditioner Market outlook report provides an unbiased analysis of the ongoing Jordan Air Conditioner 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.