GCC Air Conditioner Market Report and Forecast 2022-2027

GCC Air Conditioner Market Report and Forecast 2022-2027

Market Outlook

According to Expert Market Research’s latest report, ‘GCC Air Conditioner Market Report and Forecast 2022-2027’, the GCC air conditioner market attained a value of USD 3851.6 million in 2021. Aided by the development of technologically advanced air conditioners, the market is projected to further grow at a CAGR of 3.9% between 2022 and 2027 to reach a value of USD 4998.7 million by 2027.

An air conditioner is a system that cools down a room/ enclosed space by removing heat and humidity present in it, which is then disposed of outside. They are used to enhance comfort and provide acceptable indoor air quality in enclosed spaces, including residences, offices, halls, and transport systems, by maintaining the desired temperature. A typical air conditioner uses a refrigerant and has three critical mechanical components, namely, a condenser coil, a compressor, and an evaporator coil. It operates like a standard refrigerator and works by drawing the warm air from the room into the system. The cold air is finally re-circulated into the room, which thus reduces the temperature and humidity. Further, air conditioners are available in a range of sizes, varying from small units for single rooms or vehicles to massive units required to cool large buildings.

The rising temperatures, rapid urbanisation, and improved living standards are leading to the increased adoption of air conditioners in daily lives, which is driving the market growth. Air conditioners play a critical role in improving indoor air quality, and they can filter pollen, dust, and other environmental allergens. Additionally, the incorporation of new low-GWP compounds due to escalating eco-consciousness is contributing to the market expansion. For instance, in 2021, Taqeef launched an inverter ducted split with an environment-friendly R32 refrigerant to meet the rising demand for sustainable products. Further, the automation of air conditioner production facilities to boost the manufacturing capacities is aiding the market growth. In 2022, LG Electronics (LG) collaborated with Al Hassan Ghazi Ibrahim Shaker Co., a Saudi Arabian importer, manufacturer, and distributor of air conditioners, to advance its Riyadh facility by deploying industrial robots and AI technology to automate production and enhance operational efficiency. Over the forecast period, the initiatives taken by the key market players to develop technologically advanced air conditioners with enhanced design and performance, such as IoT apps that allow the user to control the air conditioner from anywhere, are likely to propel the market forward.

Market Segmentation

The market report by Expert Market Research analyses the market based on segmentations such as type, end use, and major region.

Market Breakup by Type

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

Market Segmentation by End Use

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

Market Breakup by Region

• Saudi Arabia
• United Arab Emirates
• Oman
• Qatar
• Kuwait
• Bahrain

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players. Some of the major players in the market explored in the Expert Market Research report are:

• Arabian Air Conditioning Manufacturing Company (AMCO)
• Clima Control Co.
• Trosten Industries Company LLC.
• S.K.M Air Conditioning LLC
• Zamil Air Conditioners Holding Co. Ltd.
• GAMI Air Conditioners Manufacturing Company L.L.C
• Others

*We, at Expert Market Research, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.