Press Release

Oman Air Conditioner Market Reaches USD 495 Million in 2024 and Continued Growth with 3% CAGR by 2030

The Oman Air Conditioner Market size is valued at around USD 495 million in 2024 and is anticipated to grow at a CAGR of about 3% during the forecast period of 2024-30, cites MarkNtel Advisors in their recent research report. In Oman, the climate conditions create the need for effective cooling in residential buildings, commercial buildings, and industries. Air conditioners are essential for inside comfort in Oman’s hot and humid climate. Additionally, the growth in the market is mostly due to increasing urbanization and the construction of new buildings in the cities, which require advanced air conditioning systems to keep the indoor climate cool.

Furthermore, the market is moving towards efficient and eco-friendly technologies, like inverter compressors and low–GWP refrigerants. This innovation saves energy & minimizes costs, and also has a smaller environmental impact. Adopting these technologies can help consumers perform better while lowering their carbon footprint and electricity costs. Moreover, these developments are becoming more and more common in the commercial and residential domains since they support global sustainability objectives.

Even if everything looks good, the market still has problems like spending a lot of money to buy the AC and keep it running. Air conditioning systems use a lot of energy, which means one has to pay more for electricity making the power grid work harder. The availability of skilled maintenance services in Oman is also limited, which can lead to higher repair costs. These issues require the development of a strong working network and give importance to more energy-efficient and eco-friendly technologies.

Additionally, the air conditioner industry in the country is also developing due to the increasing inclination of customers towards eco-friendly air conditioners. People are becoming more aware of the importance of saving energy and reducing carbon emissions, so they are buying air conditioners in which advanced and sustainable technologies are being used. In 2023, new energy-efficient units with inverter technology and low-GWP refrigerants were introduced which is known for its more sustainable cooling solutions. Also, people are using smart cooling systems that can be controlled by mobile applications and connected to home automation systems. So, increasing application of advanced technologies by the top market players is creating a bright future market outlook because employment of these tools & technologies minimizes costs & carbon footprints and improves the user experience, further states the research report, “Oman Air Conditioner Market Analysis, 2024.

Oman Air Conditioner Market Segmentation Analysis:

Centralized AC Holds the Largest Market Share

Based on type, the market is further bifurcated into window AC, split AC, floor-standing AC, cassette AC, packaged AC, ducted split AC, and centralized AC. The centralized air conditioner segment seized the largest market share in the past few years and is expected to register significant revenue growth during the forecast period because of many benefits, such as a centralized thermostat, which allows exact temperature control and energy management. They are most commonly used in large commercial or residential buildings because they are more reliable and require less maintenance than other air conditioner types. They are also more appealing because they can integrate with building management systems and effectively cool large spaces. Moreover, the benefits of increased energy efficiency and decreased operating costs make the centralized AC segment more popular amongst different end-users.

Authorized Distributors Leads the Oman Air Conditioner Market  

In Oman, authorized distributors are the most preferred sales channels, holding the largest market share and contributing heavily to the higher growth & expansion of the air conditioner industry. Their well-established infrastructure, strong consumer trust, and regulatory compliance ensure dependable product availability and support. Online sales and direct channels are expanding rapidly, but the extensive network and local expertise of authorized distributors make them the preferred choice for both businesses and consumers. They are better known in the industry because of their ability to provide prompt assistance and local support. To increase customer satisfaction and loyalty authorized distributors also usually offer personalized solutions and after-sale support. Thus, authorized distributors are the most preferred channel to deliver products & services to the end-users in the Oman Air Conditioner Market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including LG Electronics Inc., Fujitsu General, Al Salem, Johnson Control, Gree Electric Appliances, Daikin Industries Ltd., Trane Technologies, Panasonic Corporation, Mitsubishi Corporation, Samsung Electronics Co. Ltd., SKM Air Conditioning LLC, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?