Saudi Arabia Air Conditioner Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

 

Saudi Arabia Air Conditioner Market Overview: 2023-28

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-28

The Saudi Arabia Air Conditioner Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. The growing commercialization, along with the diversification of the economy due to extensive development in residential, commercial, hospitality, and industrial sectors, is one of the few factors expected to drive the Saudi Arabia Air Conditioner market growth through 2028. In addition, this drift towards infrastructural development has attracted substantial investment from the government and the private market players, leading to more installation of air conditioners in the coming years. For instance, in 2018, The ‘wind-free’ wall-mounted air-conditioner, the first of its kind, was launched at the HVACR Expo to be constructed in Jeddah. Besides, the rising greenfield investments in the country would positively impact the demand for air conditioners in the coming years.  

Markntel Advisor’s Saudi Arabia Air Conditioner Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Saudi Arabia Air Conditioner Market drivers, barriers, Saudi Arabia Air Conditioner Market Trends, and Key Players in Saudi Arabia Air Conditioner Market.

Download a sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/saudi-arabia-air-conditioner-market.html

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Saudi Arabia Air Conditioner Market Dynamics: 2023-28

Many clients are shifting to smart and energy-efficient technology in order to minimize energy consumption and enhance sustainability. Due to its improved monitoring and smart thermostats, the inbuilt system has gained traction over conventional systems, as the modern ones facilitate better temperature variability and cleaner air. Also, users can monitor these systems' performance in real-time using a mobile app. Backed by these benefits, the inclination for energy-efficient and advanced air conditioners has accelerated in the past few years and is likely to propel the industry forward in the forecast period.

Browse Full Report with Detail Analysis - https://www.marknteladvisors.com/research-library/saudi-arabia-air-conditioner-market.html

Saudi Arabia Air Conditioner Market (2023-28): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Type

o   Window AC

o   Split AC

o   Cassette AC

o   Packaged AC

o   Ducted Split AC

o   Centralized AC

o   Others (Floor Standing/Portable AC, etc.)

According to report, Among its peers, the Split Air Conditioner captured the highest share in the Air Conditioner Market in Saudi Arabia in the historical years.

·       By End User

o   Residential

o   Commercial Buildings

o   Retail

o   Health Care

o   Hospitality

o   Government & Transportation

o   Oil & Gas

o   Others (Religious Institutions, etc.,)

According to report, In 2022, the industry's residential, commercial & retail sectors acquired the majority market share.

·       By Region

o   East

o   West

o   South

o   Central

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Saudi Arabia Air Conditioner Market:

  • LG - Shaker Co. Ltd
  • Fujitsu General (Middle East) FZE
  • Carrier Saudi Services Company Ltd
  • S.K.M. Air Conditioning LLC
  • Al Salem Johnson Control (York)
  • GREE - BASIC ELECTRONICS COMPANY LTD.
  • Daikin Air Conditioning Saudi Arabia LLC
  • Zamil Air Conditioner Holding Company Ltd.
  • Dallah Trading Co. (Trane)
  • Petra Engineering Industries
  • Others

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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