Market Forecast By Types (Window AC, Split AC, Ceiling Concealed, Packaged AC, Floor Standing, Cassette Type and Centralized (VRF, AHU/FCU, Condensing Unit, Chiller, and Others)), By Applications (Residential, Commercial & Retail, Hospitality, Oil & Gas, Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape
Product Code: ETC003463 | Publication Date: Sep 2022 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 97 | No. of Figures: 45 | No. of Tables: 15 | |
Saudi Arabia Air Conditioner market currently, in 2023, has witnessed an HHI of 7631, Which has increased slightly as compared to the HHI of 5360 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia Air Conditioner Market is expected to gain momentum during the upcoming years on account of increasing disposable income. Rising temperature coupled with surging levels of humidity is driving the growth of the market. Moreover, surging growth in the infrastructure sector along with increasing development in the construction industry is also adding to the development of the market. Increasing development in energy efficient and smart air conditioning systems is driving the Saudi Arabia Air Conditioner Market Growth. The emission of less noise along with the growing need for advanced technology is adding to the development of the market.
Saudi Arabia Air Conditioner Market report thoroughly covers the market by types, applications, and regions. The Saudi Arabia air conditioner market outlook report provides an unbiased and detailed analysis of the Saudi Arabia air conditioner market trends, opportunities high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
Saudi Arabia Air Conditioner Market is projected to register steady growth over the coming years on account of shifting focus towards non-oil sectors in the country, which is anticipated to drive development in the areas of retail, transportation, entertainment & leisure, and hospitality during the forecast period. Furthermore, an increasing number of residential units owing to rising government investments aimed at providing people with affordable housing is expected to augment the demand for air conditioners over the coming years.
According to 6Wresearch, Saudi Arabia Air Conditioner Market size is projected to grow at a CAGR of 1.5% during 2020-2026. Efforts to reduce the dependence on the oil sector are expected to augment the country’s spending on infrastructure development during the forecast period (2020-2026). The ambitious Saudi Vision 2030 plan to improve the country’s economy would drive the air conditioner market, especially in the residential and commercial sectors. Moreover, smart air conditioners and ACs with high energy efficiency ratings are gaining popularity on account of increasing concerns about the cost of electricity and sustainability in the country. Additionally, the annual Hajj pilgrimage to Mecca in Saudi Arabia significantly propels the demand for air conditioners as pilgrims from all over the world travel to the temporary tent city of Mina and stay in air-conditioned tents. However, the ban of international pilgrims from Hajj in 2020 to prevent the spread of coronavirus is expected to hinder the demand for air conditioners in 2020. Additionally, the slowdown of commercial, hospitality, and retail sectors due to coronavirus is anticipated to further hinder the air conditioner market during the health emergency.
In Saudi Arabia, the centralized air conditioner segment captured the majority of the market revenue share in 2019, and would also lead during the forecast period, where the VRF segment is expected to witness substantial growth over the forecast period. Over the coming years, applications such as hospitality and retail sectors are projected to grow at a relatively higher rate on the back of policies and investments by the government to bolster the tourism and hospitality sectors. The central region currently holds the major revenue share in the overall Saudi Arabia air conditioner market on account of infrastructural developments and the relatively high disposable income of people in cities such as Riyadh. Moreover, the western region is expected to register significant growth over the coming years owing to the development of hotels and restaurants in Mecca and Medina.
Based on end users, the hospitality and commercial & retail segments dominated the overall market revenues in 2019 and are projected to witness the highest growth in demand for air conditioners on the back of the development of several infrastructural projects such as King Abdullah Economic City and Jazan Economic City. Additionally, growing demand for new hotels, especially, medium budget hotels over the coming years, driven by the government measures to ease tourist visa restrictions by expediting the issue of e-visas and visas on arrival for tourists from 49 countries, would propel the demand for air conditioners in the country’s hospitality sector during the forecast period. The suspension of e-visas, to limit the spread of coronavirus, would hinder the demand for air conditioners arising from the hospitality sector in 2020. However, the resumption of the issuance of visas after the crisis is effectively dealt with would augment the demand for air conditioners in the country.
The outburst of the coronavirus pandemic has disrupted the growth of the industry owing to disruption in the supply chain. The nationwide lockdown and restrictions imposed by the government on the company put a halt to production activities.
Some of the key players in Saudi Arabia's Air Conditioner market are:
The report provides a detailed analysis of the following market segments:
TABLE OF CONTENTS |
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Saudi Arabia Air Conditioner Market Overview |
3.1. Saudi Arabia Air Conditioner Market Revenues (2016-2026F) |
3.2. Saudi Arabia Air Conditioner Market – Industry Life Cycle |
3.3. Saudi Arabia Air Conditioner Market – Porter’s Five Forces |
3.4. Saudi Arabia Air Conditioner Market – Ecosystem |
3.5. Saudi Arabia Air Conditioner Market Revenue Share, By Types (2019 & 2026F) |
3.6. Saudi Arabia Air Conditioner Market Revenue Share, By Applications (2019 & 2026F) |
3.7. Saudi Arabia Air Conditioner Market Revenue Share, By Regions (2019 & 2026F) |
4. Saudi Arabia Air Conditioner Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Saudi Arabia Air Conditioner Market Trends |
6. Saudi Arabia Room Air Conditioner Market Overview |
6.1. Saudi Arabia Room Air Conditioner Market Revenues & Volume (2016-2026F) |
6.2. Saudi Arabia Room Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
6.2.1. Saudi Arabia Window Air Conditioner Market Revenues & Volume (2016-2026F) |
6.2.2. Saudi Arabia Split Air Conditioner Market Revenues & Volume (2016-2026F) |
7. Saudi Arabia Ducted Air Conditioner Market Overview |
7.1. Saudi Arabia Ducted Air Conditioner Market Revenues & Volume (2016-2026F) |
7.2. Saudi Arabia Ducted Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
7.2.1. Saudi Arabia Ceiling Concealed Air Conditioner Market Revenues & Volume (2016-2026F) |
7.2.2. Saudi Arabia Rooftop Packaged Air Conditioner Market Revenues & Volume (2016-2026F) |
8. Saudi Arabia Ductless Air Conditioner Market Overview |
8.1. Saudi Arabia Ductless Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2. Saudi Arabia Ductless Air Conditioner Market Revenue & Volume Share, By Types (2019 & 2026F) |
8.2.1. Saudi Arabia Suspended Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2.2. Saudi Arabia Floor Standing Air Conditioner Market Revenues & Volume (2016-2026F) |
8.2.3. Saudi Arabia Cassette Air Conditioner Market Revenues & Volume (2016-2026F) |
9. Saudi Arabia Centralized Air Conditioner Market Overview |
9.1. Saudi Arabia Centralized Air Conditioner Market Revenues (2016-2026F) |
9.2. Saudi Arabia Centralized Air Conditioner Market Revenue Share, By Components (2019 & 2026F) |
9.2.1. Saudi Arabia AHU/FCU Market Revenues (2016-2026F) |
9.2.2. Saudi Arabia Chiller Market Revenues (2016-2026F) |
9.2.3. Saudi Arabia VRF Market Revenues (2016-2026F) |
9.2.4. Saudi Arabia Other Components Market Revenues (2016-2026F) |
10. Saudi Arabia Air Conditioner Market Overview, By Applications |
10.1. Saudi Arabia Air Conditioner Market Revenues, By Residential Application (2016-2026F) |
10.2. Saudi Arabia Air Conditioner Market Revenues, By Healthcare Application (2016-2026F) |
10.3. Saudi Arabia Air Conditioner Market Revenues, By Commercial Offices & Retail Application (2016-2026F) |
10.4. Saudi Arabia Air Conditioner Market Revenues, By Transportation Application (2016-2026F) |
10.5. Saudi Arabia Air Conditioner Market Revenues, By Hospitality Application (2016-2026F) |
10.6. Saudi Arabia Air Conditioner Market Revenues, By Oil & Gas Application (2016-2026F) |
10.7. Saudi Arabia Air Conditioner Market Revenues, By Other Applications (2016-2026F) |
11. Saudi Arabia Air Conditioner Market Overview, By Regions |
11.1. Saudi Arabia Air Conditioner Market Revenues, By Central Region (2016-2026F) |
11.2. Saudi Arabia Air Conditioner Market Revenues, By Southern Region (2016-2026F) |
11.3. Saudi Arabia Air Conditioner Market Revenues, By Western Region (2016-2026F) |
11.4. Saudi Arabia Air Conditioner Market Revenues, By Eastern Region (2016-2026F) |
12. Saudi Arabia Air Conditioner Market Key Performance Indicators |
13. Saudi Arabia Air Conditioner Market Opportunity Assessment |
13.1. Saudi Arabia Air Conditioner Market Opportunity Assessment, By Types (2026F) |
13.2. Saudi Arabia Air Conditioner Market Opportunity Assessment, By Applications (2026F) |
14. Saudi Arabia Air Conditioner Market – Competitive Landscape |
14.1. Saudi Arabia Air Conditioner Market Competitive Benchmarking, By Operating Parameters |
14.2. Saudi Arabia Air Conditioner Market Revenue Share, By Types, By Company (2019) |
15. Company Profiles |
15.1. Carrier |
15.2. Fujitsu General Ltd. |
15.3. Zamil Air Conditioners |
15.4. Daikin Middle East & Africa FZE |
15.5. LG Electronics, Inc. |
15.6. S.K.M Air Conditioning LLC |
15.7. Al Salem Johnson Controls |
15.8. Trane Inc. |
15.9. GREE Electric Appliances, Inc. |
15.10. Mitsubishi Electric Corporation |
16. Key Strategic Recommendations |
17. Disclaimer |
LIST OF FIGURES |
1. Saudi Arabia Air Conditioner Market Revenues, 2016 - 2026F ($ Million) |
2. Saudi Arabia Air Conditioner Market - Industry Life Cycle |
3. Saudi Arabia Air Conditioner Market Revenue Share, By Types, 2019 & 2026F |
4. Saudi Arabia Air Conditioner Market Revenue Share, By Applications, 2019 & 2026F |
5. Saudi Arabia Air Conditioner Market Revenue Share, By Regions, 2019 & 2026F |
6. Crude Oil (petroleum) Monthly Price (SAR per Barrel), June 2019-May 2020 |
7. Saudi Arabia Room Air Conditioner Market Revenues and Volume, 2016 - 2026F ($ Million) |
8. Saudi Arabia Room Air Conditioner Market Revenue Share, By Types, 2019 & 2026F |
9. Saudi Arabia Room Air Conditioner Market Volume Share, By Types, 2019 & 2026F |
10. Saudi Arabia Ducted Air Conditioner Market Revenues and Volume, 2016 - 2026F ($ Million) |
11. Saudi Arabia Ducted Air Conditioner Market Revenue Share, By Types, 2019 & 2026F |
12. Saudi Arabia Ducted Air Conditioner Market Volume Share, By Types, 2019 & 2026F |
13. Saudi Arabia Ductless Air Conditioner Market Revenues and Volume, 2016 - 2026F ($ Million) |
14. Saudi Arabia Ductless Air Conditioner Market Revenue Share, By Types, 2019 & 2026F |
15. Saudi Arabia Ductless Air Conditioner Market Volume Share, By Types, 2019 & 2026F |
16. Saudi Arabia Centralized Air Conditioner Market Revenues, 2016 - 2026F ($ Million) |
17. Saudi Arabia Centralized Air Conditioner Market Revenues Share, By Components, 2019 & 2026F |
18. Riyadh Residential Supply, 2015-2021F (Thousand Units) |
19. Jeddah Residential Supply, 2015-2021F (Thousand Units) |
20. Dammam Residential Supply, 2015-2021F (Thousand Units) |
21. Makkah Residential Supply, 2015-2021F (Thousand Units) |
22. Riyadh Retail Supply, 2015-2021F (‘000 sq. m GLA ) |
23. Jeddah Retail Supply, 2015-2021F (‘000 sq. m GLA ) |
24. Dammam Retail Supply, 2015-2021F (‘000 sq. m GLA ) |
25. Makkah Retail Supply, 2015-2021F (‘000 sq. m GLA ) |
26. Upcoming Power Plant Projects in Saudi Arabia |
27. Riyadh Office Supply, 2015-2021F (‘000 sq. m GLA ) |
28. Jeddah Office Supply, 2015-2021F (‘000 sq. m GLA ) |
29. Dammam Office Supply, 2015-2021F (‘000 sq. m GLA ) |
30. Makkah Office Supply, 2015-2021F (‘000 sq. m GLA ) |
31. Riyadh Hotel Supply, 2015-2021F (‘00 Keys ) |
32. Jeddah Hotel Supply, 2015-2021F (‘00 Keys ) |
33. Dammam Hotel Supply, 2015-2021F (‘00 Keys ) |
34. Makkah Hotel Supply, 2015-2021F (‘00 Keys ) |
35. Saudi Arabia Air Conditioner Market Opportunity Assessment, By Types, 2026F |
36. Saudi Arabia Air Conditioner Market Opportunity Assessment, By Applications, 2026F |
37. Saudi Arabia Window Air Conditioner Market Revenue Share, By Company (2019) |
38. Saudi Arabia Split Air Conditioner Market Revenue Share, By Company (2019) |
39. Saudi Arabia Ceiling Concealed Air Conditioner Market Revenue Share, By Company (2019) |
40. Saudi Arabia Rooftop Packaged Air Conditioner Market Revenue Share, By Company (2019) |
41. Saudi Arabia Cassette Air Conditioner Market Revenue Share, By Company (2019) |
42. Saudi Arabia Floor Standing Air Conditioner Market Revenue Share, By Company (2019) |
43. Saudi Arabia Ceiling Suspended Air Conditioner Market Revenue Share, By Company (2019) |
44. Saudi Arabia Chiller Market Revenue Share, By Company (2019) |
45. Saudi Arabia VRF Market Revenue Share, By Company (2019) |
LIST OF TABLES |
1. Short-term and Primary chosen segments for Equipment and Machinery Cluster in Saudi Arabia |
2. Saudi Arabia Room Air Conditioner Market Revenues, By Types, 2016 - 2026F ($ Million) |
3. Saudi Arabia Room Air Conditioner Market Volume, By Types, 2016 - 2026F (Thousand Units) |
4. Saudi Arabia Ducted Air Conditioner Market Revenues, By Types, 2016 - 2026F ($ Million) |
5. Saudi Arabia Ducted Air Conditioner Market Volume, By Types, 2016 - 2026F (Thousand Units) |
6. Saudi Arabia Ductless Air Conditioner Market Revenues, By Types, 2016 - 2026F ($ Million) |
7. Saudi Arabia Ductless Air Conditioner Market Volume, By Types, 2016 - 2026F (Thousand Units) |
8. Saudi Arabia Centralized Air Conditioner Market Revenues, By Components, 2016 - 2026F ($ Million) |
9. Saudi Arabia Air Conditioner Market Revenues, By Applications, 2016 - 2026F ($ Million) |
10. Saudi Arabia Air Conditioner Market Revenues, By Regions, 2016 - 2026F ($ Million) |
11. List of Major Infrastructure Projects in Saudi Arabia |
12. List of Upcoming Skyscrapers in Saudi Arabia |
13. Saudi Arabia Upcoming Transportation Projects |
14. Saudi Arabia Upcoming Projects |
15. Saudi Arabia Major Upcoming Infrastructure Projects |