GCC Air Conditioner Market Growth and Development Insight – Size, Share, Growth, and Industry Analysis | MarkNtel

GCC Air Conditioner Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The GCC Air Conditioner Market was valued at around USD 3.9 billion in 2023 and is estimated to grow at a CAGR of around 5.0% during the forecast period, 2024-30. The countries in the GCC group have harsh climate conditions, with temperatures rising above normal. This is the primary factor behind the growth & expansion of the GCC Air Conditioner Market. However, there are other factors, fueling the growth of the GCC Air Conditioner Market other than the rising temperature. The countries in the GCC group have taken various initiatives to diversify and grow their economy at a rapid rate.

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

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

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GCC Air Conditioner Market Dynamics: 2024-2030

GCC Air Conditioner Market Driver:

Increased Construction Activities Driving Market Growth – GCC countries have launched multiple mega projects that will require efficient cooling solutions of different types. These mega projects include hotels, resorts, theatres, sports arenas, skyscrapers, museums, art galleries, and much more. These places will accommodate large crowds and will require efficient and powerful cooling solutions, which will significantly increase the demand for air conditioning systems.

The governments of GCC countries have also invested significantly in the development of the infrastructure in their respective countries. This development includes metro lines, large power plants, and new gas and oil fields among others. This will further increase the demand for cooling systems and augment the size & volume of the GCC Air Conditioner Market.

Moreover, according to the plans of GCC countries, there are over 700,000 houses to be built across the six countries of the GCC group to solve the housing problems and increase the ownership rate for houses. These newly built houses will contribute to the growth of the air conditioner industry. Additionally, the housing project and other mega projects will be carried out in phases which will ensure a constant demand for the air conditioner market players.

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

GCC Air Conditioner Market (2024-30): Segmentation Outlook

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

• By Type
  • Window AC- Market Size & Forecast 2019-2030, Thousand Units
    • Upto 1 Ton
    • 1 to 2 Ton
    • Above 2 Ton
  • Split AC- Market Size & Forecast 2019-2030, Thousand Units
    • Upto 1 Ton
    • 1 to1.5 Ton
    • 6 to 2 Ton
  • Floor Standing AC- Market Size & Forecast 2019-2030, USD Million
    • Upto 2 Ton
    • Above 2 Ton
  • Cassette AC- Market Size & Forecast 2019-2030, USD Million
  • Packaged AC- Market Size & Forecast 2019-2030, USD Million
  • Ducted Split AC- Market Size & Forecast 2019-2030, USD Million
  • Centralized AC- Market Size & Forecast 2019-2030, USD Million
    • FCU/AHU
    • Chillers
    • VRF

According to report, Out of all these, Split Air Conditioner holds the largest market share.

• By End User
  • Residential- Market Size & Forecast 2019-2030, USD Million
  • Commercial- Market Size & Forecast 2019-2030, USD Million
  • Industrial- Market Size & Forecast 2019-2030, USD Million
  • Hospitality- Market Size & Forecast 2019-2030, USD Million

According to report, In the end-user segment, the commercial sector is expected to dominate the market.

• By Distribution Channel
  • Direct Sales- Market Size & Forecast 2019-2030, USD Million
  • Online- Market Size & Forecast 2019-2030, USD Million
  • Authorized Distributors- Market Size & Forecast 2019-2030, USD Million

By Country

• Saudi Arabia
• The UAE
• Oman
• Qatar
• Bahrain
• Kuwait

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 GCC Air Conditioner Market:

• LG Electronics
• S.K.M. Air Conditioning
• Gree Electric Appliances, Inc.
• Carrier GCC Corporation
• Daikin Industries, Ltd.
• Mitsubishi Electric Corporation
• Trane Technologies Company, LLC.
• Johnson Controls International Plc.
• Zamil Air Conditioners Holding Co. Ltd.
• Toshiba Gulf Fze
• Panasonic Marketing Middle East & Africa FZE
• Samsung Gulf Electronics
• Lennox EMEA
• Haier Electronics
• Fujitsu General (Middle East) FZE.

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