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Middle East and Africa Air Conditioner Market

Publisher BlueWeave Consulting
Published Oct 25, 2023
Length 200 Pages
SKU # BLWC18285464

Description

Middle East and Africa Air Conditioner Market


Middle East and Africa Air Conditioner Market Size Booming at CAGR of 7.73% to Touch USD 8 Billion by 2029

Middle East and Africa air conditioner market is flourishing because of the growing population and urbanization and hot and humid climate in the region.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East and Africa air conditioner market size at USD 5.08 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Middle East and Africa air conditioner market size to grow at a significant CAGR of 7.73% reaching a value of USD 7.94 billion by 2029. Major growth drivers for the Middle East and Africa air conditioner market include the rising temperatures driven by climate change across the world, rapid urbanization and industrialization, and increasing number of large construction projects. COVID-19 has also influenced consumer behavior, leading to higher investments in home appliances like air conditioners. The commercial sector, especially in hospitality, healthcare, and retail, is a significant growth driver for the market. Consumers prioritize energy-efficient and eco-friendly systems due to environmental concerns. Growing homeownership in African countries, including South Africa, Kenya, and Nigeria, also boosts the market growth. Climate change, a desire for better living standards, and advancements in the power grid further propel the market. Projections suggest a tenfold increase in electricity demand for air conditioners in Africa by 2040, indicating significant future growth. However, high cost of air conditioners and increasing energy consumption are anticipated to restrain the overall market growth during the period in analysis.

Middle East and Africa Air Conditioner Market – Overview

The Middle East and Africa (MEA) air conditioner market refers to the collective market for air conditioning systems and units within the MEA region. The market includes the production, distribution, and sale of various types of air conditioning equipment, such as split air conditioners, window air conditioners, central air conditioning systems, portable air conditioners, and related components. It also encompasses the demand for these systems in both residential and commercial applications, taking into account factors like climate conditions, urbanization, energy efficiency, and technological advancements. The MEA air conditioner market is influenced by various drivers, trends, and challenges, making it an important sector within the broader HVAC (Heating, Ventilation, and Air Conditioning) industry.

Impact of COVID-19 on Middle East and Africa Air Conditioner Market

COVID-19 pandemic adversely affected the Middle East and Africa air conditioner market. Stringent nationwide lockdowns resulted in a significant drop in both the sales and production of air conditioning systems across the region. The tourism industry, a key catalyst for air conditioner demand, experienced a decline due to reduced construction activities and limited operation of hospitality and retail businesses. Consequently, the Middle East and Africa's air conditioner market witnessed a notable downturn, mirroring the broader economic repercussions of the pandemic. This impact highlights the intricate connection between regional economies and the air conditioning industry in the midst of a global health crisis.

Impact of Hamas-Israel War on Middle East And Africa Air Conditioner Market

Effects of the Israel-Hamas war and escalating geopolitical tensions on the Middle East and Africa air conditioner market are primarily driven by uncertainties and instability in the Middle East region. The conflict creates an atmosphere of unpredictability, impacting consumer behaviors and market dynamics. Uncertainty surrounding the situation can lead to cautious spending and investment decisions, affecting the air conditioner market's performance. Additionally, the instability in the Middle East region can disrupt supply chains, potentially leading to delays in product availability and increased costs. Moreover, the war's aftermath may require reconstruction efforts, potentially driving demand for air conditioning systems in affected areas. The extent of these effects depends on the conflict's duration and its impact on the overall stability in the region.

Middle East and Africa Air Conditioner Market – By Country

Geographically, the Middle East and Africa air conditioner market is segmented as Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia holds the highest share in the Middle East and Africa air conditioner market during the forecast period. The scorching desert climate in the region necessitates widespread air conditioning usage, both in residential and commercial spaces. Notably, the country's strong economic growth and urbanization have increased the demand for cooling solutions, particularly in the construction of new buildings and infrastructure. Also, government initiatives and regulations promoting energy efficiency and the adoption of eco-friendly cooling technologies further drive market growth. Saudi Arabia's pivotal role in the regional market is a reflection of these factors, making it a key contributor to the industry's dominance in the region.

Competitive Landscape

Major players operating in the Middle East and Africa air conditioner market include Voltas Limited, LG Electronics, Samsung Electronics, Daikin Industries, Gree Electric Appliances, Midea Group, Panasonic Corporation, Haier Group, Hisense Group, TCL Corporation, Carrier Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Electrolux AB, Bosch Group, Siemens AG, and Whirlpool Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa Air Conditioner Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa Air Conditioner Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Air Conditioner Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Hot and humid climate in the region
3.2.1.2. Growing population and urbanization
3.2.2. Restraints
3.2.2.1. High cost of air conditioners
3.2.2.2. High energy consumption
3.2.3. Opportunities
3.2.3.1. Growing demand for energy-efficient air conditioners
3.2.3.2. Growing demand for smart air conditioners
3.2.4. Challenges
3.2.4.1. Counterfeit products
3.2.4.2. Lack of skilled workers
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Middle East and Africa Air Conditioner Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Product Type
4.2.1.1. Window
4.2.1.2. Split & Multi Split
4.2.1.3. Packaged Air Conditioner (PAC)
4.2.1.4. Variable Refrigerant Flow (VRF)
4.2.1.5. Others (Chillers & Portables)
4.2.2. By End User
4.2.2.1. Residential
4.2.2.2. Commercial
4.2.3. By Distribution Channel
4.2.3.1. Multi-brand Stores
4.2.3.2. Exclusive Stores
4.2.3.3. Online
4.2.3.4. Others
4.2.4. By Country
4.2.4.1. Saudi Arabia
4.2.4.2. UAE
4.2.4.3. Qatar
4.2.4.4. Kuwait
4.2.4.5. South Africa
4.2.4.6. Nigeria
4.2.4.7. Algeria
4.2.4.8. Rest of MEA
5. Saudi Arabia Air Conditioner Market
5.1. Market Size & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product Type
5.2.2. By End User
5.2.3. By Distribution Channel
6. UAE Air Conditioner Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By End User
6.2.3. By Distribution Channel
7. Qatar Air Conditioner Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By End User
7.2.3. By Distribution Channel
8. Kuwait Air Conditioner Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By End User
8.2.3. By Distribution Channel
9. South Africa Air Conditioner Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By End User
9.2.3. By Distribution Channel
10. Nigeria Air Conditioner Market
10.1. Market Size & Forecast, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By End User
10.2.3. By Distribution Channel
11. Algeria Air Conditioner Market
11.1. Market Size & Forecast, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By End User
11.2.3. By Distribution Channel
12. Rest of MEA Air Conditioner Market
12.1. Market Size & Forecast, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Product Type
12.2.2. By End User
12.2.3. By Distribution Channel
13. Competitive Landscape
13.1. List of Key Players and Their Offerings
13.2. Middle East and Africa Air Conditioner Market Share Analysis, 2022
13.3. Competitive Benchmarking, By Operating Parameters
13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East and Africa Air Conditioner Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
15.1. Voltas Limited
15.2. LG Electronics
15.3. Samsung Electronics
15.4. Daikin Industries
15.5. Gree Electric Appliances
15.6. Midea Group
15.7. Panasonic Corporation
15.8. Haier Group
15.9. Hisense Group
15.10. TCL Corporation
15.11. Carrier Corporation
15.12. Toshiba Corporation
15.13. Mitsubishi Electric Corporation
15.14. Electrolux AB
15.15. Bosch Group
15.16. Siemens AG
15.17. Whirlpool Corporation
15.18. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
17.1. Qualitative Research
17.1.1. Primary & Secondary Research
17.2. Quantitative Research
17.3. Market Breakdown & Data Triangulation
17.3.1. Secondary Research
17.3.2. Primary Research
17.4. Breakdown of Primary Research Respondents, By Region
17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Middle East and Africa Air Conditioner Market Segmentation
Figure 2 Middle East and Africa Air Conditioner Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Middle East and Africa Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 5 Middle East and Africa Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 6 Middle East and Africa Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 7 Middle East and Africa Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 8 Middle East and Africa Air Conditioner Market Share, By Country, By Value, 2019–2029
Figure 9 Saudi Arabia Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 10 Saudi Arabia Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 11 Saudi Arabia Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 12 Saudi Arabia Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 13 UAE Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 14 UAE Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 15 UAE Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 16 UAE Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 17 Qatar Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 18 Qatar Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 19 Qatar Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 20 Qatar Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 21 Kuwait Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 22 Kuwait Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 23 Kuwait Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 24 Kuwait Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 25 South Africa Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 26 South Africa Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 27 South Africa Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 28 South Africa Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 29 Nigeria Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 30 Nigeria Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 31 Nigeria Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 32 Nigeria Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Figure 33 Algeria Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 34 Algeria Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 35 Algeria Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 36 Algeria Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2030
Figure 37 Rest of MEA Air Conditioner Market Size, By Value (USD Billion), 2019–2029
Figure 38 Rest of MEA Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Figure 39 Rest of MEA Air Conditioner Market Share, By End User, By Value, 2019–2029
Figure 40 Rest of MEA Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
List of Tables
Table 1 Middle East and Africa Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 2 Middle East and Africa Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 3 Middle East and Africa Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 4 Middle East and Africa Air Conditioner Market Share, By Country, By Value, 2019–2029
Table 5 Saudi Arabia Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 6 Saudi Arabia Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 7 Saudi Arabia Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 8 UAE Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 9 UAE Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 10 UAE Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 11 Qatar Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 12 Qatar Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 13 Qatar Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 14 Kuwait Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 15 Kuwait Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 16 Kuwait Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 17 South Africa Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 18 South Africa Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 19 South Africa Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 20 Nigeria Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 21 Nigeria Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 22 Nigeria Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 23 Algeria Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 24 Algeria Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 25 Algeria Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2030
Table 26 Rest of MEA Air Conditioner Market Share, By Product Type, By Value, 2019–2029
Table 27 Rest of MEA Air Conditioner Market Share, By End User, By Value, 2019–2029
Table 28 Rest of MEA Air Conditioner Market Share, By Distribution Channel, By Value, 2019–2029
Table 29 Voltas Limited Company Overview
Table 30 Voltas Limited Financial Overview
Table 31 LG Electronics Company Overview
Table 32 LG Electronics Financial Overview
Table 33 Samsung Electronics Company Overview
Table 34 Samsung Electronics Financial Overview
Table 35 Daikin Industries Company Overview
Table 36 Daikin Industries Financial Overview
Table 37 Gree Electric Appliances Company Overview
Table 38 Gree Electric Appliances Financial Overview
Table 39 Midea Group Company Overview
Table 40 Midea Group Financial Overview
Table 41 Panasonic Corporation Company Overview
Table 42 Panasonic Corporation Financial Overview
Table 43 Haier Group Company Overview
Table 44 Haier Group Financial Overview
Table 45 Hisense Group Company Overview
Table 46 Hisense Group Financial Overview
Table 47 TCL Corporation Company Overview
Table 48 TCL Corporation Financial Overview
Table 49 Carrier Corporation Company Overview
Table 50 Carrier Corporation Financial Overview
Table 51 Bosch Group Company Overview
Table 52 Bosch Group Financial Overview
Table 53 Siemens AG Company Overview
Table 54 Siemens AG Financial Overview
Table 55 Other Prominent Players Company Overview
Table 56 Other Prominent Players Financial Overview

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