Reports

GCC Air Conditioner Market

GCC Air Conditioner Market: By Type: Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralised; By End Use: Residential, Commercial and Retail, Healthcare, Hospitality, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

GCC Air Conditioner Market Outlook

The GCC air conditioner market reached a value of about USD 3,851.6 million in 2021. The market is further estimated to grow at a CAGR of 3.9% in the forecast period of 2023-2028 to reach a value of around USD 4,998.7 million by 2027.

 

gcc-air-conditioner-market

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Rising Demand for Centralised Air Conditioners to Aid the Market Growth in the GCC Region

Based on type, the demand for centralised air conditioners, owing to their exceptional benefits, is significantly increasing in the GCC region. Centralised AC plays a critical role in cooling the indoor area while lowering moisture levels and offers thermal comfort to the occupants, thereby increasing its adoption in the residential sector. Additionally, it can operate efficiently for years with minor routine maintenance, offers consistent temperature, and is convenient to use owing to the presence of a single control panel. These air conditioners provide space-saving options as they require no duct, and they combine the central heating system and the central air system in one cabinet, therefore eliminating the need for a separate indoor furnace. Further, the advanced filters in centralised air conditioners enable clean air circulation and eliminate airborne contaminants. These air conditioners provide a quieter operation as the compressor-bearing unit is mounted outside the building, resulting in their increased installation over window units. These factors are contributing to the growth of the GCC air conditioner market.

 

Market Segmentation

An air conditioner is utilised to cool and control the humidity of an inside space. The air conditioner takes the air of a space into the ducts through a vent, and the heat is removed from the air through the cool gas in the evaporator, which is then sent back into the enclosed space.

 

gcc-air-conditioner-market-by-segmentation

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The market for air conditioner, by type, is divided into:

  • Window
  • Split
  • Packaged
  • Ducted Split 
  • Cassette
  • Floor Standing
  • Centralised

Based on end use, the market is segmented into:

  • Residential
  • Commercial and Retail
  • Healthcare
  • Hospitality
  • Government and Transportation
  • Industrial

The regional markets for air conditioner can be divided into Saudi Arabia, the United Arab Emirates, Oman, Qatar, Kuwait, and Bahrain.

 

gcc-air-conditioner-market-by-region

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Rising Temperatures in the Region and Increased Living Standards Propelling the Market Growth of Air Conditioner

The increasing installation of air conditioners on a large scale can be attributed to the need for cooling amidst GCC's hot and humid climate and the surge in residential and commercial construction activities owing to rising disposable income. The expanding hospitality sector in the region is resulting in the increased demand for air conditioners in hotels and restaurants to provide thermal comfort to the guests. Additionally, the rapid development of energy-efficient air conditioners to meet the sustainability goals of the region is driving the GCC air conditioner market growth. For instance, in June 2022, an agreement was signed between Strata UAE, Hyperganic, and EOS GmbH to develop the world's most energy-efficient residential air conditioning (AC) unit as a step towards UAE’s efforts to achieve net-zero carbon emissions by 2050.

The strong presence of the market players in the region and their initiatives towards offering different types of air conditioners that meets the customer expectations are aiding the market growth. Over the forecast period, the development of smart and technologically advanced air conditioners that are equipped with Wi-Fi and can be controlled via smartphones is expected to aid the market.

 

Key Players in the GCC Market for Air Conditioner

The report gives a detailed analysis of the following key players in the GCC air conditioner market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Carrier Global Corporation
  • Daikin Industries, Ltd.
  • Mitsubishi Electric Corporation
  • LG Electronics Inc.
  • Fujitsu General Limited
  • Toshiba Corporation
  • Trane Technologies Company, LLC
  • YORK
  • GREE Comfort
  • Zamil Air Conditioner
  • S.K.M. Air Conditioning LLC
  • Awal Gulf Manufacturing Co.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • Window
  • Split
  • Packaged
  • Ducted Split 
  • Cassette
  • Floor Standing
  • Centralised
Breakup by End Use
  • Residential
  • Commercial and Retail
  • Healthcare
  • Hospitality
  • Government and Transportation
  • Industrial
Breakup by Region
  • Saudi Arabia
  • United Arab Emirates
  • Oman
  • Qatar
  • Kuwait
  • Bahrain
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Carrier Global Corporation
  • Daikin Industries, Ltd.
  • Mitsubishi Electric Corporation
  • LG Electronics Inc.
  • Fujitsu General Limited
  • Toshiba Corporation
  • Trane Technologies Company, LLC
  • YORK
  • GREE Comfort
  • Zamil Air Conditioner
  • S.K.M. Air Conditioning LLC
  • Awal Gulf Manufacturing Co.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Macro-Economic Indicators
7    Market Snapshot
8    Opportunities and Challenges in the Market
9    GCC Air Conditioner (AC) Market Analysis
    9.1    Key Industry Highlights
    9.2    GCC Air Conditioner (AC) Historical Market (2018-2022) 
    9.3    GCC Air Conditioner (AC) Market Forecast (2023-2028)
    9.4    GCC Air Conditioner (AC) Market by Type
        9.4.1    Window AC
            9.4.1.1    Historical Trend (2018-2022)
            9.4.1.2    Forecast Trend (2023-2028)
        9.4.2    Split AC
            9.4.2.1    Historical Trend (2018-2022)
            9.4.2.2    Forecast Trend (2023-2028)
        9.4.3    Packaged AC
            9.4.3.1    Historical Trend (2018-2022)
            9.4.3.2    Forecast Trend (2023-2028)
        9.4.4    Ducted Split AC
            9.4.4.1    Historical Trend (2018-2022)
            9.4.4.2    Forecast Trend (2023-2028)
        9.4.5    Cassette AC
            9.4.5.1    Historical Trend (2018-2022)
            9.4.5.2    Forecast Trend (2023-2028)
        9.4.6    Floor Standing AC
            9.4.6.1    Historical Trend (2018-2022)
            9.4.6.2    Forecast Trend (2023-2028)
        9.4.7    Centralised AC
            9.4.7.1    Historical Trend (2018-2022)
            9.4.7.2    Forecast Trend (2023-2028)
    9.5    GCC Air Conditioner (AC) Market by End Use
        9.5.1    Residential
            9.5.1.1    Historical Trend (2018-2022)
            9.5.1.2    Forecast Trend (2023-2028)
        9.5.2    Commercial and Retail
            9.5.2.1    Historical Trend (2018-2022)
            9.5.2.2    Forecast Trend (2023-2028)
        9.5.3    Healthcare
            9.5.3.1    Historical Trend (2018-2022)
            9.5.3.2    Forecast Trend (2023-2028)
        9.5.4    Hospitality
            9.5.4.1    Historical Trend (2018-2022)
            9.5.4.2    Forecast Trend (2023-2028)
        9.5.5    Government and Transportation
            9.5.5.1    Historical Trend (2018-2022)
            9.5.5.2    Forecast Trend (2023-2028)
        9.5.6    Industrial
            9.5.6.1    Historical Trend (2018-2022)
            9.5.6.2    Forecast Trend (2023-2028)
    9.6    GCC Air Conditioner (AC) Market Share by Key Players
    9.7    GCC Air Conditioner (AC) Market by Country
        9.7.1    Saudi Arabia
        9.7.2    United Arab Emirates
        9.7.3    Oman
        9.7.4    Qatar
        9.7.5    Kuwait
        9.7.6    Bahrain
10    Regional Analysis
    10.1    Saudi Arabia
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
        10.1.3    Breakup by Type
            10.1.3.1    Window AC
            10.1.3.2    Split AC
            10.1.3.3    Packaged AC
            10.1.3.4    Ducted Split AC
            10.1.3.5    Cassette AC
            10.1.3.6    Floor Standing AC
            10.1.3.7    Centralised AC
        10.1.4    Breakup by End Use
            10.1.4.1    Residential
            10.1.4.2    Commercial and Retail
            10.1.4.3    Healthcare
            10.1.4.4    Hospitality
            10.1.4.5    Government and Transportation
            10.1.4.6    Industrial
        10.1.5    Breakup by Region
            10.1.5.1    Central Region
            10.1.5.2    Western Region
            10.1.5.3    Eastern Region
            10.1.5.4    Southern Region
            10.1.5.5    Northern Region
        10.1.6    Saudi Arabia Air Conditioner Market Share by Key Players
    10.2    United Arab Emirates
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
        10.2.3    Breakup by Type
            10.2.3.1    Window AC
            10.2.3.2    Split AC
            10.2.3.3    Packaged AC
            10.2.3.4    Ducted Split AC
            10.2.3.5    Cassette AC
            10.2.3.6    Floor Standing AC
            10.2.3.7    Centralised AC
        10.2.4    Breakup by End Use
            10.2.4.1    Residential
            10.2.4.2    Commercial and Retail
            10.2.4.3    Healthcare
            10.2.4.4    Hospitality
            10.2.4.5    Government and Transportation
            10.2.4.6    Industrial
        10.2.5    Breakup by Region
            10.2.5.1    Dubai
            10.2.5.2    North Emirates
            10.2.5.3    Abu Dhabi
       10.2.6    United Arab Emirates Air Conditioner Market Share by Key Players
    10.3    Oman
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
        10.3.3    Breakup by Type
            10.3.3.1    Window AC
            10.3.3.2    Split AC
            10.3.3.3    Packaged AC
            10.3.3.4    Ducted Split AC
            10.3.3.5    Cassette AC
            10.3.3.6    Floor Standing AC
            10.3.3.7    Centralised AC
        10.3.4    Breakup by End Use
            10.3.4.1    Residential
            10.3.4.2    Commercial and Retail
            10.3.4.3    Healthcare
            10.3.4.4    Hospitality
            10.3.4.5    Government and Transportation
            10.3.4.6    Industrial
        10.3.5    Breakup by Region
            10.3.5.1    Central
            10.3.5.2    North
            10.3.5.3    South
        10.3.6    Oman Air Conditioner Market Share by Key Players
    10.4    Qatar
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
        10.4.3    Breakup by Type
            10.4.3.1    Window AC
            10.4.3.2    Split AC
            10.4.3.3    Packaged AC
            10.4.3.4    Ducted Split AC
            10.4.3.5    Cassette AC
            10.4.3.6    Floor Standing AC
            10.4.3.7    Centralised AC
        10.4.4    Breakup by End Use
            10.4.4.1    Residential
            10.4.4.2    Commercial and Retail
            10.4.4.3    Healthcare
            10.4.4.4    Hospitality
            10.4.4.5    Government and Transportation
            10.4.4.6    Industrial
        10.4.5    Breakup by Region
            10.4.5.1    East
            10.4.5.2    North
            10.4.5.3    Central
        10.4.6    Qatar Air Conditioner Market Share by Key Players
    10.5    Kuwait
        10.5.1    Historical Trend (2018-2022)
        10.5.2    Forecast Trend (2023-2028)
        10.5.3    Breakup by Type
            10.5.3.1    Window AC
            10.5.3.2    Split AC
            10.5.3.3    Packaged AC
            10.5.3.4    Ducted Split AC
            10.5.3.5    Cassette AC
            10.5.3.6    Floor Standing AC
            10.5.3.7    Centralised AC
        10.5.4    Breakup by End Use
            10.5.4.1    Residential
            10.5.4.2    Commercial and Retail
            10.5.4.3    Healthcare
            10.5.4.4    Hospitality
            10.5.4.5    Government and Transportation
            10.5.4.6    Industrial
        10.5.5    Breakup by Region
            10.5.5.1    Western
            10.5.5.2    Rest of Kuwait
        10.5.6   Kuwait Air Conditioner Market Share by Key Players
    10.6    Bahrain
        10.6.1    Historical Trend (2018-2022)
        10.6.2    Forecast Trend (2023-2028)
        10.6.3    Breakup by Type
            10.6.3.1    Window AC
            10.6.3.2    Split AC
            10.6.3.3    Packaged AC
            10.6.3.4    Ducted Split AC
            10.6.3.5    Cassette AC
            10.6.3.6    Floor Standing AC
            10.6.3.7    Centralised AC
        10.6.4    Breakup by End Use
            10.6.4.1    Residential
            10.6.4.2    Commercial and Retail
            10.6.4.3    Healthcare
            10.6.4.4    Hospitality
            10.6.4.5    Government and Transportation
            10.6.4.6    Industrial
        10.6.5    Breakup by Region
            10.6.5.1    South
            10.6.5.2    Capital
            10.6.5.3    Muharraq
            10.6.5.4    North
        10.6.6   Bahrain Air Conditioner Market Share by Key Players
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Code - 841510)
    11.1    Major Exporting Countries
        11.1.1    by Value
        11.1.2    by Volume
    11.2    Major Importing Countries
        11.2.1    by Value
        11.2.2    by Volume
11    Tax Structure
12    Market Attractive Indexing
13    GCC Air Conditioner Policy and Regulatory Landscape by Country
14    Competitive Landscape
    14.1    Market Structure
    14.2    Vendor Selection Vs. Suppliers Power
    14.3    List of Key Motor Suppliers in GCC
    14.4    Company Profiles
        14.4.1    Carrier Global Corporation
            14.4.1.1    Company Overview
            14.4.1.2    Product Portfolio
            14.4.1.3    Demographic Reach and Achievements
            14.4.1.4    Certifications
        14.4.2    Daikin Industries, Ltd.
            14.4.2.1    Company Overview
            14.4.2.2    Product Portfolio
            14.4.2.3    Demographic Reach and Achievements
            14.4.2.4    Certifications
        14.4.3    Mitsubishi Electric Corporation
            14.4.3.1    Company Overview
            14.4.3.2    Product Portfolio
            14.4.3.3    Demographic Reach and Achievements
            14.4.3.4    Certifications
        14.4.4    LG Electronics Inc.
            14.4.4.1    Company Overview
            14.4.4.2    Product Portfolio
            14.4.4.3    Demographic Reach and Achievements
            14.4.4.4    Certifications
        14.4.5    Fujitsu General Limited
            14.4.5.1    Company Overview
            14.4.5.2    Product Portfolio
            14.4.5.3    Demographic Reach and Achievements
            14.4.5.4    Certification
        14.4.6    Toshiba Corporation
            14.4.6.1    Company Overview
            14.4.6.2    Product Portfolio
            14.4.6.3    Demographic Reach and Achievements
            14.4.6.4    Certifications
        14.4.7    Trane Technologies Company, LLC
            14.4.7.1    Company Overview
            14.4.7.2    Product Portfolio
            14.4.7.3    Demographic Reach and Achievements
            14.4.7.4    Certifications
        14.4.8    YORK
            14.4.8.1    Company Overview
            14.4.8.2    Product Portfolio
            14.4.8.3    Demographic Reach and Achievements
            14.4.8.4    Certifications
        14.4.9    GREE Comfort
            14.4.9.1    Company Overview
            14.4.9.2    Product Portfolio
            14.4.9.3    Demographic Reach and Achievements
            14.4.9.4    Certifications
        14.4.10    Zamil Air Conditioner
            14.4.10.1    Company Overview
            14.4.10.2    Product Portfolio
            14.4.10.3    Demographic Reach and Achievements
            14.4.10.4    Certifications
        14.4.11    S.K.M. Air Conditioning LLC
            14.4.11.1    Company Overview
            14.4.11.2    Product Portfolio
            14.4.11.3    Demographic Reach and Achievements
            14.4.11.4    Certifications
        14.4.12    Awal Gulf Manufacturing Co.
            14.4.12.1    Company Overview
            14.4.12.2    Product Portfolio
            14.4.12.3    Demographic Reach and Achievements
            14.4.12.4    Certifications
        14.4.13    Others
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    GCC Air Conditioner (AC) Market: Key Industry Highlights, 2018 and 2028
2.    GCC Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
3.    GCC Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    GCC Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
5.    GCC Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
6.    GCC Air Conditioner (AC) Historical Market: Breakup by Country (USD Million), 2018-2022
7.    GCC Air Conditioner (AC) Market Forecast: Breakup by Country (USD Million), 2023-2028
8.    Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
9.    Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
10.    Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
11.    Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
12.    Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
13.    Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
14.    UAE Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
15.    UAE Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
16.    UAE Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
17.    UAE Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
18.    UAE Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
19.    UAE Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
20.    Oman Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
21.    Oman Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
22.    Oman Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
23.    Oman Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
24.    Oman Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
25.    Oman Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
26.    Qatar Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
27.    Qatar Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
28.    Qatar Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
29.    Qatar Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
30.    Qatar Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
31.    Qatar Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
32.    Kuwait Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
33.    Kuwait Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
34.    Kuwait Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
35.    Kuwait Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
36.    Kuwait Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
37.    Kuwait Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
38.    Bahrain Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2022
39.    Bahrain Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2023-2028
40.    Bahrain Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2022
41.    Bahrain Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2023-2028
42.    Bahrain Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2022
43.    Bahrain Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2023-2028
44.    Major Exporting Countries by Value
45.    Major Importing Countries by Value
46.    Major Exporting Countries by Volume
47.    Major Importing Countries by Volume
48.    Tax Structure
49.    List of Key Motor Suppliers in GCC
50.    GCC Air Conditioner (AC) Market Structure

Key Questions Answered in the Report

What was the GCC air conditioner market size in 2021?

In 2021, the GCC air conditioner market attained a value of nearly USD 3,851.6 million.

What is the growth rate of the market?

The market is assessed to grow at a CAGR of 3.9% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 4,998.7 million by 2027.

What are the major market drivers?

The major market drivers include the rising temperatures in the region, surge in residential and commercial construction activities, expanding hospitality sector, rapid development of energy-efficient air conditioners, improved living standards, and rising inclination towards centralised air conditioners.

What are the key trends of the GCC air conditioner market?

The key trends guiding the growth of the market include the strong presence of the market players and increasing investments in the development of smart air conditioners.

What are the major regional markets of air conditioner, according to the EMR report?

The major regions are Saudi Arabia, the United Arab Emirates, Oman, Qatar, Kuwait, and Bahrain.

What are the significant types of air conditioner?

The significant types of air conditioner include window, split, packaged, ducted split, cassette, floor standing, and centralised.

What are the major end uses of air conditioner?

The major end uses of air conditioner include residential, commercial and retail, healthcare, hospitality, government and transportation, and industrial.

Who are the key market players, according to the report?

The major players in the market are Carrier Global Corporation, Daikin Industries, Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu General Limited, Toshiba Corporation, Trane Technologies Company, LLC, YORK, GREE Comfort, Zamil Air Conditioner, S.K.M. Air Conditioning LLC, and Awal Gulf Manufacturing Co., among others.

Analyst Review

The GCC air conditioner market attained a value of nearly USD 3,851.6 million in 2021, driven by the rising temperatures in the region and the emerging need for thermal comfort. Aided by the development of smart air conditioners, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.9%. The market is estimated to reach about USD 4,998.7 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for air conditioner, by type, is divided into window, split, packaged, ducted split, cassette, floor standing, and centralised. Based on end use, the market is segmented into residential, commercial and retail, healthcare, hospitality, government and transportation, and industrial. The major regional markets for air conditioner in GCC are Saudi Arabia, the United Arab Emirates, Oman, Qatar, Kuwait, and Bahrain. The key players in the above market include Carrier Global Corporation, Daikin Industries, Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu General Limited, Toshiba Corporation, Trane Technologies Company, LLC, YORK, GREE Comfort, Zamil Air Conditioner, S.K.M. Air Conditioning LLC, and Awal Gulf Manufacturing Co., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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