Exploring GCC Air Conditioner Market: Rising Trends, Opportunities and Challenges Forecast 2030

MarkNtel Advisors – Leading Market Research Company found GCC Air Conditioner Market is expected to reach 5.0% CAGR Growth By 2030.

This report provides a comprehensive analysis of the GCC Air Conditioner Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the GCC Air Conditioner Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  – https://www.marknteladvisors.com/query/request-sample/gcc-air-conditioner-market.html

Scope of the GCC Air Conditioner Market Report:

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.

Which prominent factor is expected to drive the GCC Air Conditioner Market during 2024-30?

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.

What are the different Segment Available in the GCC Air Conditioner Market?

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

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

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.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gcc-air-conditioner-market.html

Leading GCC Air Conditioner companies operating in the Market

• LG Electronics
• 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.
• Others.

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