Market Forecast By Types (Room Air Conditioner (Window Air Conditioner, Split Air Conditioner), Ducted Air Conditioner (Ceiling Concealed Air Conditioner, Unitary Packaged Air Conditioner), Ductless Air Conditioner (Cassette Air Conditioner, Floor Standing Air Conditioner, Ceiling Suspended Air Conditioner), Centralized Air Conditioner (AHU/FCU, VRF, Chillers, Others (Evaporator Coils, Condensing Units, etc.))), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others), By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey) And Competitive Landscape
Product Code: ETC090129 | Publication Date: Dec 2023 | Updated Date: Dec 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Middle East Air Conditioner Β Market report thoroughly covers the market by type, by application, and by countries. 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.
The Middle East air conditioner market has been growing rapidly underpinned by various growing factors such as rapid urbanization, rising purchasing power, and an increase in tourism. Split ACs dominate the market, accounting for a significant share of revenue, followed by window ACs. The tourism sector is another major driver proliferating the market growth.
According to 6Wresearch, the Middle East Air Conditioner Β Market size is projected to grow at a CAGR of 10.3% during the forecast period 2023-2029. Β The rapid urbanization, tourism, and rising purchasing power. Dubai, the most popular tourist destination, plans to generate 25% of its electricity from renewable sources by 2030, hence encouraging the use of energy-efficient air conditioners. Additionally, the rising population of the region has led to an increase in the number of residential buildings, further driving the air conditioning Middle East Air Conditioner Β Market growth. On the other hand, some challenges that can affect the market growth are high costs.
The AC uses a significant amount of energy that puts a strain on the overall energy supply. Governments in the region have implemented energy efficiency regulations mandating the use of efficient ACs. High installation and maintenance costs also present a barrier to entry for customers.Β However, the Smart ACs are gaining traction due to that can be accessed through mobile devices and WiFi. The introduction of VRF and HVAC systems that optimize temperatures according to seasonal changes has also increased due to demands for energy efficiency. The private rental market has seen an increase in the demand for portable ACs for their cost-effectiveness and convenience.
The government has been promoting green energy, and Dubai plans to generate 25% of its electricity from renewable sources by 2030. The Dubai Supreme Council of Energy has also issued directives that mandate Energy Efficiency standards for ACs. These are some favourable initiatives supporting the Middle East Air Conditioner Β Market growth.
The Air conditioning industry is largely operated by Japanese companies like Daikin, Mitsubishi, and Panasonic. Other significant players are Samsung, LG, and Carrier, among others. These are some major companies operating in the market and offering advanced ranges of ACs to meet their customers growing demand.
According to Dhaval, Research Manager, 6Wresearch, each type of air conditioner is securing high a high demand, while ductless air conditioners and ducted air conditioners are gaining momentum in the market, driven by they provide better air quality, easy to install, and are more energy-efficient.
Based on the application, the residential sector holds the highest Middle East Air Conditioner Β Market share due to the rising population growth, urbanization, and income levels.
The report offers a comprehensive study of the subsequent market segments:
By Application
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 Middle East Air Conditioner Market Overview |
3.1 Middle EastΒ Macro Economic Indicators |
3.2 Middle East Air Conditioner MarketΒ Revenues & Volume, 2019 & 2029F |
3.3 Middle East Air Conditioner Market - Industry Life Cycle |
3.4 Middle East Air Conditioner Market - Porter's Five Forces |
3.5 Middle East Air Conditioner MarketΒ Revenues & Volume Share, By Type, 2022 & 2029F |
3.6 Middle East Air Conditioner MarketΒ Revenues & Volume Share, By Application, 2022 & 2029F |
4 Middle East Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Air Conditioner Market Trends |
6. Middle East Air Conditioner Market , By Type |
6.1 Middle East Air Conditioner Market Revenues & Volume, By Room Air Conditioner,Β 2019 - 2029F |
6.2 Middle East Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2019- 2029F |
6.3 Middle East Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2019- 2029F |
6.4 Middle East Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2019- 2029F |
7 Middle East Air Conditioner Market , By Application |
7.1Β Middle East Air Conditioner Market Revenues & Volume, By Residential, 2019 - 2029F |
7.2 Middle East Air Conditioner Market Revenues & Volume, ByΒ Healthcare ,Β 2019 - 2029F |
7.3 Middle East Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2019 - 2029F |
7.4 Middle East Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2019 - 2029F |
7.5 Middle East Air Conditioner Market Revenues & Volume, By Hospitality, 2019 - 2029F |
7.6 Middle East Air Conditioner Market Revenues & Volume, By Others, 2019 - 2029F |
8 Middle East Air Conditioner Market , By Countries |
8.1Β Middle East Air Conditioner Market Revenues & Volume, By Saudi Arabia, 2019 - 2029F |
8.2 Middle East Air Conditioner Market Revenues & Volume, By UAE,Β 2019 - 2029F |
8.3 Middle East Air Conditioner Market Revenues & Volume, By Qatar, 2019 - 2029F |
8.4 Middle East Air Conditioner Market Revenues & Volume, By Kuwait, 2019 - 2029F |
8.5 Middle East Air Conditioner Market Revenues & Volume, By Oman, 2019 - 2029F |
8.6 Middle East Air Conditioner Market Revenues & Volume, By Bahrain, 2019 - 2029F |
8.7 Middle East Air Conditioner Market Revenues & Volume, By Turkey, 2019 - 2029F |
9Β Middle East Air Conditioner MarketΒ Import-Export Trade Statistics |
9.1 Middle East Air Conditioner MarketΒ Export to Major Countries |
9.2 Middle East Air Conditioner MarketΒ Imports from Major Countries |
10 Middle East Air Conditioner Market Key Performance Indicators |
11 Middle East Air Conditioner Market - Opportunity Assessment |
11.1 Middle East Air Conditioner Market Opportunity Assessment, By Type, 2029 |
11.2 Middle East Air Conditioner Market Opportunity Assessment, By Application, 2029 |
12 Middle East Air Conditioner Market - Competitive Landscape |
12.1 Middle East Air Conditioner Market Revenue Share, By Companies, 2022 |
12.2 Middle East Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
13 Company Profiles |
14 Recommendations |
15 Disclaimer |
Market Forecast By Types (Room Air Conditioner (Window Air Conditioner, Split Air Conditioner), Ducted Air Conditioner (Ceiling Concealed Air Conditioner, Unitary Packaged Air Conditioner), Ductless Air Conditioner (Cassette Air Conditioner, Floor Standing Air Conditioner, Ceiling Suspended Air Conditioner), Centralized Air Conditioner (AHU/FCU, VRF, Chillers, Others (Evaporator Coils, Condensing Units, etc.))), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others), By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey) And Competitive Landscape
Product Code: ETC090129 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 191 | No. of Tables: 56 |
The Middle East Air Conditioner Market report comprehensively covers the market by countries, types and applications. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which would help stakeholders device and align their market strategies according to the current and future market dynamics.
The Middle East Air Conditioner Market is projected to grow over the forecast period. The major factors driving the growth of this market include increasing demand for energy-efficient air conditioners as the region is known for its hot and arid climate. With increasing concerns about energy consumption and greenhouse gas emissions, there is a growing demand for energy-efficient air conditioners. Additionally, there has been significant growth in the use of smart technology which allows users to control the temperature and humidity of their homes or offices by using a smartphone app.
Moreover, the growth in the commercial air conditioner market with several large-scale commercial projects underway. This has led to a significant increase in demand for commercial air conditioning systems for hotels, shopping malls, and office buildings. Several major air conditioner manufacturers have established research and development centres in the Middle East to develop products that are best suited to the region's climate needs. The government in the Middle East have launched initiatives to encourage the use of energy-efficient appliances. Thus, these aspects are actively contributing to the development of the Middle East Air Conditioner Industry.
The Middle east air conditioner market witnessed decent growth during the period 2017-2019 underpinned by rapid growth in infrastructure development and rising urbanization in the country. However, the Covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain and halted construction activities leading to falling in market demand and hence the market revenues.
According to 6Wresearch, the Middle East Air Conditioner Market size is projected to grow at a CAGR of 3.8% during 2021-2027. The major driver of the Middle East air conditioner industry can be attributed to the wide application of centralized air conditioners to upcoming commercial and retail sector projects such as the King Abdullah Economic City project in Saudi Arabia, Khalifa Industrial Zone in Abu Dhabi, Al-Mutlaa City in Kuwait and other developmental projects.
Centralized air conditioners garnered 57.3% revenue share in 2020 in the Middle East air conditioner market owing to their application in large commercial spaces such as malls, large offices, large-scale industries and many others. Increasing demand for retail and office space over the last few years, coupled with upcoming events such as Dubai Expo 2020 and FIFA 2022 has propelled large-scale construction activities in the commercial sector of the region. Projects such as Dubai Hills & Meydan One mall in Dubai, the Al Qana project and the Mina Zayad redevelopment project in Abu Dhabi, are going to drive the market of centralized air conditioners in the region.
Among all the countries of the Middle East, Saudi Arabia acquired a 37.2% market revenue share for the year 2020 and the same trend is expected in the forecast period on account of large-scale construction projects being carried out in the country. The country ranked first in the region in terms of the value of the construction projects awarded in 2019 which amounted to ~$52 billion. In 2020, the value of the construction project awarded was reduced to $20 billion due to the ongoing pandemic. However, Saudi Arabia accounted for ~55% of the overall worth of projects awarded in the region during the first quarter of 2021, which shows signs of recovery in the country. Hence, rising construction activities in the country are expected to generate the demand for air conditioners in the coming years.
The report provides a detailed analysis of the following market segments:
Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), 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: ETC090129 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Air Conditioner (AC) Market is projected to grow over the coming years. MiddleΒ East Air Conditioner (AC) Market is a part of our various regional publications globally.6W tracks Air Conditioner (AC) Market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Air Conditioner (AC) Market outlook report annually.
Middle East Air Conditioner (AC) Market Synopsis
Middle East Air conditioner (AC) Market report comprehensively covers the market type, application and countries. 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.
Middle East Air Conditioner Market is anticipated to register considerable growth during the forecast period owing to the tourism and the hospitality sector. The hot climatic conditions and increasing amount of humidity in middle east is driving the growth of the market. The growth of the market is also driven by rapid urbanization and growing population. Moreover, the rapid development of infrastructure and construction sector in Middle East countries further beholds the development of the market.
According to 6Wresearch, Middle East Air Conditioner (AC) Market size is projected to register growth during 2021-2027. Soaring temperature and rising disposable income is likely to hold the reason behind the development of the market. The increasing level of humidity and unfavorable weather led to the adoption of air conditioner as a necessity rather than luxury. Also, increasing per capita income is driving the demand for automatic and inverter air conditioner further propelling the growth of the market. However, due to the outbreak of COVID-19 the market suffered a major setback owing to the nationwide lockdown backed by shutting down of retail store.
Market Analysis by Type
On the basis of type, the market is segmented into Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner and Centralized Air Conditioner. Room Air Conditioner accounted the highest share and is expected to dominate the market during the forecast period.
Market Analysis by Application
Based on Application, the residential segment is likely to take over the market owing to the expansion of residential areas.Β
Key Attractiveness of the Report
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Key Highlights of the Report:
Market Segmentation:
The Middle East Air Conditioner MarketΒ report provides a detailed analysis of the following market segments: