
GCC Air Conditioner Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)
Description
The GCC air conditioner market reached a value of about USD 3851.60 Million in 2024 . The market is further estimated to grow at a CAGR of 3.90% in the forecast period of 2025-2034 to reach a value of around USD 5646.73 Million by 2034 .
Rising Demand for Centralised Air Conditioners to Aid the Market Growth in the GCC Region
Based on type, the demand for centralised air conditioners, owing to their exceptional benefits, is significantly increasing in the GCC region. Centralised AC plays a critical role in cooling the indoor area while lowering moisture levels and offers thermal comfort to the occupants, thereby increasing its adoption in the residential sector. Additionally, it can operate efficiently for years with minor routine maintenance, offers consistent temperature, and is convenient to use owing to the presence of a single control panel. These air conditioners provide space-saving options as they require no duct, and they combine the central heating system and the central air system in one cabinet, therefore eliminating the need for a separate indoor furnace. Further, the advanced filters in centralised air conditioners enable clean air circulation and eliminate airborne contaminants. These air conditioners provide a quieter operation as the compressor-bearing unit is mounted outside the building, resulting in their increased installation over window units. These factors are contributing to the growth of the GCC air conditioner market.
Market Segmentation
An air conditioner is utilised to cool and control the humidity of an inside space. The air conditioner takes the air of a space into the ducts through a vent, and the heat is removed from the air through the cool gas in the evaporator, which is then sent back into the enclosed space.
The market for air conditioner, by type, is divided into
The increasing installation of air conditioners on a large scale can be attributed to the need for cooling amidst GCC's hot and humid climate and the surge in residential and commercial construction activities owing to rising disposable income. The expanding hospitality sector in the region is resulting in the increased demand for air conditioners in hotels and restaurants to provide thermal comfort to the guests. Additionally, the rapid development of energy-efficient air conditioners to meet the sustainability goals of the region is driving the GCC air conditioner market growth. For instance, in June 2023, an agreement was signed between Strata UAE, Hyperganic, and EOS GmbH to develop the world's most energy-efficient residential air conditioning (AC) unit as a step towards UAE’s efforts to achieve net-zero carbon emissions by 2050.
The strong presence of the market players in the region and their initiatives towards offering different types of air conditioners that meets the customer expectations are aiding the market growth. Over the forecast period, the development of smart and technologically advanced air conditioners that are equipped with Wi-Fi and can be controlled via smartphones is expected to aid the market.
Key Players in the GCC Market for Air Conditioner
The report gives a detailed analysis of the following key players in the GCC air conditioner market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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Rising Demand for Centralised Air Conditioners to Aid the Market Growth in the GCC Region
Based on type, the demand for centralised air conditioners, owing to their exceptional benefits, is significantly increasing in the GCC region. Centralised AC plays a critical role in cooling the indoor area while lowering moisture levels and offers thermal comfort to the occupants, thereby increasing its adoption in the residential sector. Additionally, it can operate efficiently for years with minor routine maintenance, offers consistent temperature, and is convenient to use owing to the presence of a single control panel. These air conditioners provide space-saving options as they require no duct, and they combine the central heating system and the central air system in one cabinet, therefore eliminating the need for a separate indoor furnace. Further, the advanced filters in centralised air conditioners enable clean air circulation and eliminate airborne contaminants. These air conditioners provide a quieter operation as the compressor-bearing unit is mounted outside the building, resulting in their increased installation over window units. These factors are contributing to the growth of the GCC air conditioner market.
Market Segmentation
An air conditioner is utilised to cool and control the humidity of an inside space. The air conditioner takes the air of a space into the ducts through a vent, and the heat is removed from the air through the cool gas in the evaporator, which is then sent back into the enclosed space.
The market for air conditioner, by type, is divided into
- Window
- Split
- Packaged
- Ducted Split
- Cassette
- Floor Standing
- Centralised
- Residential
- Commercial and Retail
- Healthcare
- Hospitality
- Government and Transportation
- Industrial
- Saudi Arabia
- United Arab Emirates
- Oman
- Qatar
- Kuwait
- Bahrain
The increasing installation of air conditioners on a large scale can be attributed to the need for cooling amidst GCC's hot and humid climate and the surge in residential and commercial construction activities owing to rising disposable income. The expanding hospitality sector in the region is resulting in the increased demand for air conditioners in hotels and restaurants to provide thermal comfort to the guests. Additionally, the rapid development of energy-efficient air conditioners to meet the sustainability goals of the region is driving the GCC air conditioner market growth. For instance, in June 2023, an agreement was signed between Strata UAE, Hyperganic, and EOS GmbH to develop the world's most energy-efficient residential air conditioning (AC) unit as a step towards UAE’s efforts to achieve net-zero carbon emissions by 2050.
The strong presence of the market players in the region and their initiatives towards offering different types of air conditioners that meets the customer expectations are aiding the market growth. Over the forecast period, the development of smart and technologically advanced air conditioners that are equipped with Wi-Fi and can be controlled via smartphones is expected to aid the market.
Key Players in the GCC Market for Air Conditioner
The report gives a detailed analysis of the following key players in the GCC air conditioner market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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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UAE Air Conditioner Market
Hair Conditioner Market
Australia Air Conditioner Market
United Kingdom Air Conditioner Market
South Korea Air Conditioner Market
Table of Contents
103 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 GCC Air Conditioner (AC) Market Analysis
- 5.1 Key Industry Highlights
- 5.2 GCC Air Conditioner (AC) Historical Market (2018-2024)
- 5.3 GCC Air Conditioner (AC) Market Forecast (2025-2034)
- 5.4 GCC Air Conditioner (AC) Market by Type
- 5.4.1 Window AC
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.2 Split AC
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.3 Packaged AC
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.4 Ducted Split AC
- 5.4.4.1 Historical Trend (2018-2024)
- 5.4.4.2 Forecast Trend (2025-2034)
- 5.4.5 Cassette AC
- 5.4.5.1 Historical Trend (2018-2024)
- 5.4.5.2 Forecast Trend (2025-2034)
- 5.4.6 Floor Standing AC
- 5.4.6.1 Historical Trend (2018-2024)
- 5.4.6.2 Forecast Trend (2025-2034)
- 5.4.7 Centralised AC
- 5.4.7.1 Historical Trend (2018-2024)
- 5.4.7.2 Forecast Trend (2025-2034)
- 5.5 GCC Air Conditioner (AC) Market by End Use
- 5.5.1 Residential
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Commercial and Retail
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Healthcare
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.5.4 Hospitality
- 5.5.4.1 Historical Trend (2018-2024)
- 5.5.4.2 Forecast Trend (2025-2034)
- 5.5.5 Government and Transportation
- 5.5.5.1 Historical Trend (2018-2024)
- 5.5.5.2 Forecast Trend (2025-2034)
- 5.5.6 Industrial
- 5.5.6.1 Historical Trend (2018-2024)
- 5.5.6.2 Forecast Trend (2025-2034)
- 5.6 GCC Air Conditioner (AC) Market Share by Key Players
- 5.7 GCC Air Conditioner (AC) Market by Country
- 5.7.1 Saudi Arabia
- 5.7.2 United Arab Emirates
- 5.7.3 Oman
- 5.7.4 Qatar
- 5.7.5 Kuwait
- 5.7.6 Bahrain
- 6 Regional Analysis
- 6.1 Saudi Arabia
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.1.3 Breakup by Type
- 6.1.3.1 Window AC
- 6.1.3.2 Split AC
- 6.1.3.3 Packaged AC
- 6.1.3.4 Ducted Split AC
- 6.1.3.5 Cassette AC
- 6.1.3.6 Floor Standing AC
- 6.1.3.7 Centralised AC
- 6.1.4 Breakup by End Use
- 6.1.4.1 Residential
- 6.1.4.2 Commercial and Retail
- 6.1.4.3 Healthcare
- 6.1.4.4 Hospitality
- 6.1.4.5 Government and Transportation
- 6.1.4.6 Industrial
- 6.1.5 Breakup by Region
- 6.1.5.1 Central Region
- 6.1.5.2 Western Region
- 6.1.5.3 Eastern Region
- 6.1.5.4 Southern Region
- 6.1.5.5 Northern Region
- 6.1.6 Saudi Arabia Air Conditioner Market Share by Key Players
- 6.2 United Arab Emirates
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 6.2.3 Breakup by Type
- 6.2.3.1 Window AC
- 6.2.3.2 Split AC
- 6.2.3.3 Packaged AC
- 6.2.3.4 Ducted Split AC
- 6.2.3.5 Cassette AC
- 6.2.3.6 Floor Standing AC
- 6.2.3.7 Centralised AC
- 6.2.4 Breakup by End Use
- 6.2.4.1 Residential
- 6.2.4.2 Commercial and Retail
- 6.2.4.3 Healthcare
- 6.2.4.4 Hospitality
- 6.2.4.5 Government and Transportation
- 6.2.4.6 Industrial
- 6.2.5 Breakup by Region
- 6.2.5.1 Dubai
- 6.2.5.2 North Emirates
- 6.2.5.3 Abu Dhabi
- 6.2.6 United Arab Emirates Air Conditioner Market Share by Key Players
- 6.3 Oman
- 6.3.1 Historical Trend (2018-2024)
- 6.3.2 Forecast Trend (2025-2034)
- 6.3.3 Breakup by Type
- 6.3.3.1 Window AC
- 6.3.3.2 Split AC
- 6.3.3.3 Packaged AC
- 6.3.3.4 Ducted Split AC
- 6.3.3.5 Cassette AC
- 6.3.3.6 Floor Standing AC
- 6.3.3.7 Centralised AC
- 6.3.4 Breakup by End Use
- 6.3.4.1 Residential
- 6.3.4.2 Commercial and Retail
- 6.3.4.3 Healthcare
- 6.3.4.4 Hospitality
- 6.3.4.5 Government and Transportation
- 6.3.4.6 Industrial
- 6.3.5 Breakup by Region
- 6.3.5.1 Central
- 6.3.5.2 North
- 6.3.5.3 South
- 6.3.6 Oman Air Conditioner Market Share by Key Players
- 6.4 Qatar
- 6.4.1 Historical Trend (2018-2024)
- 6.4.2 Forecast Trend (2025-2034)
- 6.4.3 Breakup by Type
- 6.4.3.1 Window AC
- 6.4.3.2 Split AC
- 6.4.3.3 Packaged AC
- 6.4.3.4 Ducted Split AC
- 6.4.3.5 Cassette AC
- 6.4.3.6 Floor Standing AC
- 6.4.3.7 Centralised AC
- 6.4.4 Breakup by End Use
- 6.4.4.1 Residential
- 6.4.4.2 Commercial and Retail
- 6.4.4.3 Healthcare
- 6.4.4.4 Hospitality
- 6.4.4.5 Government and Transportation
- 6.4.4.6 Industrial
- 6.4.5 Breakup by Region
- 6.4.5.1 East
- 6.4.5.2 North
- 6.4.5.3 Central
- 6.4.6 Qatar Air Conditioner Market Share by Key Players
- 6.5 Kuwait
- 6.5.1 Historical Trend (2018-2024)
- 6.5.2 Forecast Trend (2025-2034)
- 6.5.3 Breakup by Type
- 6.5.3.1 Window AC
- 6.5.3.2 Split AC
- 6.5.3.3 Packaged AC
- 6.5.3.4 Ducted Split AC
- 6.5.3.5 Cassette AC
- 6.5.3.6 Floor Standing AC
- 6.5.3.7 Centralised AC
- 6.5.4 Breakup by End Use
- 6.5.4.1 Residential
- 6.5.4.2 Commercial and Retail
- 6.5.4.3 Healthcare
- 6.5.4.4 Hospitality
- 6.5.4.5 Government and Transportation
- 6.5.4.6 Industrial
- 6.5.5 Breakup by Region
- 6.5.5.1 Western
- 6.5.5.2 Rest of Kuwait
- 6.5.6 Kuwait Air Conditioner Market Share by Key Players
- 6.6 Bahrain
- 6.6.1 Historical Trend (2018-2024)
- 6.6.2 Forecast Trend (2025-2034)
- 6.6.3 Breakup by Type
- 6.6.3.1 Window AC
- 6.6.3.2 Split AC
- 6.6.3.3 Packaged AC
- 6.6.3.4 Ducted Split AC
- 6.6.3.5 Cassette AC
- 6.6.3.6 Floor Standing AC
- 6.6.3.7 Centralised AC
- 6.6.4 Breakup by End Use
- 6.6.4.1 Residential
- 6.6.4.2 Commercial and Retail
- 6.6.4.3 Healthcare
- 6.6.4.4 Hospitality
- 6.6.4.5 Government and Transportation
- 6.6.4.6 Industrial
- 6.6.5 Breakup by Region
- 6.6.5.1 South
- 6.6.5.2 Capital
- 6.6.5.3 Muharraq
- 6.6.5.4 North
- 6.6.6 Bahrain Air Conditioner Market Share by Key Players
- 7 Market Dynamics
- 7.1 SWOT Analysis
- 7.1.1 Strengths
- 7.1.2 Weaknesses
- 7.1.3 Opportunities
- 7.1.4 Threats
- 7.2 Porter’s Five Forces Analysis
- 7.2.1 Supplier’s Power
- 7.2.2 Buyer’s Power
- 7.2.3 Threat of New Entrants
- 7.2.4 Degree of Rivalry
- 7.2.5 Threat of Substitutes
- 7.3 Key Indicators for Demand
- 7.4 Key Indicators for Price
- 8 Trade Data Analysis (HS Code - 84151)
- 8.1 Major Exporting Countries
- 8.1.1 by Value
- 8.1.2 by Volume
- 8.2 Major Importing Countries
- 8.2.1 by Value
- 8.2.2 by Volume
- 9 Tax Structure
- 10 Market Attractive Indexing
- 11 GCC Air Conditioner Policy and Regulatory Landscape by Country
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Carrier Global Corporation
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Daikin Industries, Ltd.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Mitsubishi Electric Corporation
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 LG Electronics Inc.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Fujitsu General Limited
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certification
- 12.5.6 Toshiba Corporation
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Trane Technologies Company, LLC
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 YORK
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 GREE Comfort
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Zamil Air Conditioner
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 S.K.M. Air Conditioning LLC
- 12.5.11.1 Company Overview
- 12.5.11.2 Product Portfolio
- 12.5.11.3 Demographic Reach and Achievements
- 12.5.11.4 Certifications
- 12.5.12 Awal Gulf Manufacturing Co.
- 12.5.12.1 Company Overview
- 12.5.12.2 Product Portfolio
- 12.5.12.3 Demographic Reach and Achievements
- 12.5.12.4 Certifications
- 12.5.13 Others
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