Saudi Arabia Air Conditioner Market
The GMI Research forecasts that the Saudi Arabia Air Conditioner Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising Greenfield investment and rapid commercialization and diversification of the economy.
Introduction of the Saudi Arabia Air Conditioner Market:
An air conditioner refers to a machine that directs air in an explicate covered area through a refrigeration cycle in which warm air is transferred and replaced with cooler air. It eliminates the heat and moisture from the interior of an occupied space and makes the space cooler during acute temperatures. Residential, commercial, and industrial end-users extensively use the air conditioners.
Key Players of the Saudi Arabia Air Conditioner Market:
- Al Salem Johnson Controls (York)
- Fujitsu General (Middle East) FZE,
- LG Electronics Gulf FZE
- K.M Air Conditioning LLC
- Samsung Saudi Arabia
- Airedale Air Conditioning
- AHI Carrier FZC
- Daikin Air Conditioning Saudi Arabia LLC
- GREE Electric Appliances Inc.
- Mitsubishi Electric Corporation
- Trane Inc.
- Zamil Air Conditioner (ZAC)
Saudi Arabia Air Conditioner Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Several significant drivers responsible for the growth of the Saudi Arabia Air Conditioner market include the growing focus of the government on economic diversification, swift infrastructural advancements in various countries, which include Riyadh, Jeddah, and Makkah, accompanied by the exhaustive switch in the climatic conditions. Also, the augmenting investment concerned with the development of infrastructure has strengthened the Air Conditioner market size. The Saudi Arabian government is mainly investing in various existing and upcoming projects such as Saudi Arabia Vision 2030, Neom, Qiddiya, and the development of Jeddah Tower, stimulating market demand, especially in the residential and commercial sectors. Saudi Arabia Vision 2030 aims to enhance the economy by extending the hospitality and tourism sector in the country. The increasing commercialization, along with the diversification of the economy led by the massive development in residential, commercial, hospitality, and industrial sectors, is another factor contributing to the market growth. The increasing inclination of consumers towards luxurious housing products led by the accelerating disposable income and modern lifestyle is paving the way for market growth. This altering demand of customers coupled with the ongoing increase in the temperature will attract a large number of consumers towards the market. On the other hand, the consistent maintenance cost of the air conditioners will hinder the Air Conditioner market share.
Saudi Arabia Air Conditioner Market Segmentation:
Segmentation by Type
- Room/Unitary Air Conditioners
- Chillers
- VRF Systems
- Coolers
- Others
Segmentation by End-User
- Residential
- Commercial
- Industrial
- Automotive
Segmentation by Distribution Channel
- Specialty Stores
- Supermarkets/Hypermarket
- Online
- Others
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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