GCC Air Conditioner Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the GCC air conditioner market is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by the rising demand for effective cooling solutions and the expansion of residential and commercial infrastructure in the GCC region, the market is expected to grow significantly by 2032.
The GCC, comprising six Middle East countries, namely, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is known for its extremely hot and arid climate. Air conditioners, therefore, play a crucial role in maintaining indoor temperature and air quality, making them an indispensable part of residential, commercial, and industrial buildings in the region.
The burgeoning demand for effective cooling solutions, primarily triggered by the region's climatic conditions, is a significant driver propelling the GCC air conditioner market growth. With escalating temperatures, the requirement for energy-efficient and high-performing air conditioners is witnessing a surge, enhancing the market growth. Furthermore, the increasing health awareness among consumers about the importance of indoor air quality has reinforced the necessity for advanced air conditioners.
The expanding residential and commercial infrastructure is another prominent factor bolstering the GCC air conditioner market demand. The region is undergoing rapid urbanisation and infrastructural development, with several construction projects underway in sectors like hospitality, healthcare, retail, and real estate. The expansion of these sectors directly translates to a heightened demand for air conditioners, thus fuelling the market growth.
Moreover, the applications of air conditioners are not limited to temperature regulation but also extend to air purification, dehumidification, and ventilation. These additional features have rendered air conditioners vital in various sectors, including healthcare and industrial processes, thereby boosting the market expansion.
Looking ahead, the push for eco-friendly and energy-efficient cooling solutions in line with global sustainability efforts is expected to create fertile ground for innovation and market expansion. The emergence of smart air conditioners integrated with IoT technology and AI, allowing remote access, energy management, and predictive maintenance, aligns with the modern consumer's preference for convenience and efficiency, thus heralding promising prospects for the GCC air conditioner market outlook.
Market Segmentation
The market can be divided based on type, end use, and country.
Market Breakup by Type
- Window AC
- Split AC
- Packaged AC
- Ducted Split AC
- Cassette AC
- Floor Standing AC
- Centralised AC
- Residential
- Commercial and Retail
- Healthcare
- Hospitality
- Government and Transportation
- Industrial
- Saudi Arabia
- United Arab Emirates
- Oman
- Qatar
- Kuwait
- Bahrain
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the GCC air conditioner market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2018-2023)
- 9.3 GCC Air Conditioner (AC) Market Forecast (2024-2032)
- 9.4 GCC Air Conditioner (AC) Market by Type
- 9.4.1 Window AC
- 9.4.1.1 Historical Trend (2018-2023)
- 9.4.1.2 Forecast Trend (2024-2032)
- 9.4.2 Split AC
- 9.4.2.1 Historical Trend (2018-2023)
- 9.4.2.2 Forecast Trend (2024-2032)
- 9.4.3 Packaged AC
- 9.4.3.1 Historical Trend (2018-2023)
- 9.4.3.2 Forecast Trend (2024-2032)
- 9.4.4 Ducted Split AC
- 9.4.4.1 Historical Trend (2018-2023)
- 9.4.4.2 Forecast Trend (2024-2032)
- 9.4.5 Cassette AC
- 9.4.5.1 Historical Trend (2018-2023)
- 9.4.5.2 Forecast Trend (2024-2032)
- 9.4.6 Floor Standing AC
- 9.4.6.1 Historical Trend (2018-2023)
- 9.4.6.2 Forecast Trend (2024-2032)
- 9.4.7 Centralised AC
- 9.4.7.1 Historical Trend (2018-2023)
- 9.4.7.2 Forecast Trend (2024-2032)
- 9.5 GCC Air Conditioner (AC) Market by End Use
- 9.5.1 Residential
- 9.5.1.1 Historical Trend (2018-2023)
- 9.5.1.2 Forecast Trend (2024-2032)
- 9.5.2 Commercial and Retail
- 9.5.2.1 Historical Trend (2018-2023)
- 9.5.2.2 Forecast Trend (2024-2032)
- 9.5.3 Healthcare
- 9.5.3.1 Historical Trend (2018-2023)
- 9.5.3.2 Forecast Trend (2024-2032)
- 9.5.4 Hospitality
- 9.5.4.1 Historical Trend (2018-2023)
- 9.5.4.2 Forecast Trend (2024-2032)
- 9.5.5 Government and Transportation
- 9.5.5.1 Historical Trend (2018-2023)
- 9.5.5.2 Forecast Trend (2024-2032)
- 9.5.6 Industrial
- 9.5.6.1 Historical Trend (2018-2023)
- 9.5.6.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.5.2 Forecast Trend (2024-2032)
- 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 (2018-2023)
- 10.6.2 Forecast Trend (2024-2032)
- 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 2032
- 2. GCC Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 3. GCC Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 4. GCC Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 5. GCC Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 6. GCC Air Conditioner (AC) Historical Market: Breakup by Country (USD Million), 2018-2023
- 7. GCC Air Conditioner (AC) Market Forecast: Breakup by Country (USD Million), 2024-2032
- 8. Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 9. Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 10. Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 11. Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 12. Saudi Arabia Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 13. Saudi Arabia Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 14. UAE Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 15. UAE Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 16. UAE Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 17. UAE Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 18. UAE Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 19. UAE Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 20. Oman Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 21. Oman Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 22. Oman Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 23. Oman Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 24. Oman Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 25. Oman Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 26. Qatar Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 27. Qatar Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 28. Qatar Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 29. Qatar Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 30. Qatar Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 31. Qatar Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 32. Kuwait Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 33. Kuwait Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 34. Kuwait Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 35. Kuwait Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 36. Kuwait Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 37. Kuwait Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 38. Bahrain Air Conditioner (AC) Historical Market: Breakup by Type (USD Million), 2018-2023
- 39. Bahrain Air Conditioner (AC) Market Forecast: Breakup by Type (USD Million), 2024-2032
- 40. Bahrain Air Conditioner (AC) Historical Market: Breakup by End Use (USD Million), 2018-2023
- 41. Bahrain Air Conditioner (AC) Market Forecast: Breakup by End Use (USD Million), 2024-2032
- 42. Bahrain Air Conditioner (AC) Historical Market: Breakup by Region (USD Million), 2018-2023
- 43. Bahrain Air Conditioner (AC) Market Forecast: Breakup by Region (USD Million), 2024-2032
- 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
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