Middle East Air Conditioner (AC) 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
According to 6Wresearch, 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.
The Middle East air conditioner market registered negative growth in 2020 due to the outbreak of COVID-19 that resulted in halt of construction activities as a result of the social distancing measures adopted by the government in order to curtail the spread of the virus. However, the air conditioner market is expected to grow at a decent rate in 2021 as the economy resume operations, and the same trend is expected to prevail in the coming years.
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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.
Key Highlights of the Report
Middle East Air Conditioner Market Overview
Middle East Air Conditioner Market Outlook
Middle East Air Conditioner Market Trends
Middle East Air Conditioner Market Forecast
Middle East Air Conditioner Market Drivers and Restraints
Middle East Air Conditioner Market Value Chain and Ecosystem
Covid-19 Impact on Middle East Air Conditioner Market
Middle East Air Conditioner Market Porters Five Forces
Historical Data and Forecast of Middle East Air Conditioner Market Revenues, for the Period 2017-2027F
Historical Data and Forecast of Middle East Air Conditioner Market Revenue Share, By Types, for the Period 2017-2027F
Historical Data and Forecast of Middle East Air Conditioner Market Revenue Share, By Countries, for 2020 & 2027F
Historical Data and Forecast of Middle East Air Conditioner Market Revenue Share, By Applications, for the Period 2017-2027F
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