Posted On: 2022-02-17
Room air conditioner acquired the largest market revenue share in the Angola air conditioner market – 6Wresearch.
Angola air conditioner market witnessed a steady growth during 2018-19 owing the growing residential and commercial sector across Angola, rapid commercialization along with investments in retail sector and growing demand for energy efficient air conditioners. However, the covid-19 pandemic brought a decline in market revenues during the year 2020 owing to the lockdown imposed in the country. The lockdown has led to a tremendous decline in the business including the construction industry and industrial operational processes. This has hampered the manufacturing sector and has created disruption in the supply chain. Thus, resulted in decline in the demand for air conditioners. The Angola air conditioner market is anticipated to experience steady growth post-COVID-19 pandemic. The rising preference for the use of air conditioners in Angola and demand in various industries would likely to further accentuate the market growth over the projected timeframe. Future investments in the construction and retail sectors in the country would provide growth opportunities for air conditioners in Angola.
According to 6Wresearch, Angola Air Conditioners Market size is projected to grow at a CAGR of 5.2% during 2021-2027. Angola air conditioners market is in growing stage of industry life cycle. The market would continue to climb up owing to as demand is increasing with the growing infrastructure sector. With the ongoing development in the commercial sector as Angola Vision 2030 would help in rapid expansion in infrastructure development and growing hospitality and residential sectors are anticipated to propel the demand for air conditioners in Angola.
According to Shivali Sharma, Research Analyst, 6Wresearch, “Ceiling concealed ducted air conditioners dominates the Angola air conditioner market volume share for the year 2020 owing to increased used in commercial and retail spaces on account of its energy and space efficiency. Moreover, ducted air conditioner helps in controlling multiple rooms with one system along with low maintenance cost and higher efficiency. With the growing multi-levelled commercial and residential buildings, the market demand for air conditioners would further propel in coming years.”
According to Ananya Consul, Research Analyst, 6Wresearch, “Cassette ductless air conditioners dominates the market revenue and volume share in air conditioner market in 2020 and same trend is expected to continue in the forecasted years on account of increase in consumer preference on account of their efficient air distribution and ease of installation along with high application in commercial and retail space. With growing retail sector Angola is one of the most dynamic modern grocery market and per capita income spend is highest in Central Africa which would drive the market growth in coming years.”
Some of the major companies in Angola air conditioners market includes Carrier Corporation, Daikin Industries, LG electronics, Samsung electronics, Midea group etc.
“Angola air conditioner market (2021-2027)” report provides an in-depth analysis with 27 figures and 8 tables, covered in 82 pages. The report estimates and forecast the overall Angola air conditioner market by types, components and applications. The report provides an unbiased and detailed analysis of the on-going 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.