|
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Middle East Air Conditioner Market Outlook (2021-2027): 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” under Consumer Goods Market Research Reports category. The Air Conditioner Market in the Middle East is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
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 on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align their market strategies according to the current and future market dynamics.
Middle East Air Conditioner Market Synopsis
The Middle east air conditioner market witnessed a 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 the construction activities leading to fall in market demand and hence the market revenues.
The Middle East Air Conditioner Market size is projected to grow at a CAGR of 3.8% during 2021-2027. The major driver of Middle East air conditioner industry can be attributed to wide application of centralized air conditioners to upcoming commercial and retail sector projects such as King Abdullah Economic City project in Saudi Arabia, Khalifa Industrial Zone in Abu Dhabi, Al-Mutlaa City in Kuwait and other developmental projects.
Market by Types Analysis
Centralized air conditioners garnered 57.3% revenue share in 2020 in Middle East air conditioner market owing to its application in large commercial spaces such as malls, large offices, large scale industries and many others. Increasing demand for retail and office space over 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, Al Qana project and Mina Zayad redevelopment project in Abu Dhabi, are going to drive the market of centralized air conditioner in the region.
Market by Country Analysis
Among all the countries of Middle East, Saudi Arabia acquired the 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 value of the construction projects awarded in 2019 which amounted to ~$52 billion. In 2020, the value of construction project awarded reduced to $20 billion due to 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 is expected to generate the demand for air conditioners in the coming years.
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.
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
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 Applications
Residential
Healthcare
Commercial & Retail
Transportation and Infrastructure
Hospitality
Oil & Gas
Others (Education, BFSI, Manufacturing etc)
By Countries
Saudi Arabi
|
