Air conditioner in a central heating and cooling system that cools a space by eliminating heat and controlling the temperature & humidity of the air within that space.
Impact of COVID-19
The COVID-19 pandemic has adversely affected the Africa Air Conditioner market. Air conditioners have witnessed a significant decline in their demand due to the worldwide lockdown imposition, thereby interrupting the production & sales of air conditioners due to the closure of the manufacturing and disruptions in the income cycle of consumers. Besides this, a halt in various construction activities of hotels, restaurants, and other residential & commercial projects further hindered the market growth. However, with the lockdown upliftment, the market is reviving and shall grow significantly in the forecast years.
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Country Covered||South Africa, Nigeria, Kenya, Algeria, Morocco, Others|
|Key Companies Profiled||Airconditioning & Heating International Carrier Fzc, Daikin Middle East and Africa FZE, Samsung Electronics Co. Ltd., LG Electronics, Midea Middle East, Sharp Middle East Fze, Haier Electronics Group Co., Ltd., Dunham-Bush International (Africa) (PTY) Ltd, Trane Inc., Gree Electric Appliances, Inc. Of Zhuhai, etc.|
|Unit Denominations||USD Million/Billion|
Split Air Conditioner Acquired the Significant Market Share
Based on Product Type, Split Air Conditioner acquired a significant market share in the Africa Air Conditioner market in the previous few years. The deployment of split air conditioners in residential and small commercial buildings is burgeoning at a rapid pace. Split air conditioners, being cost-effective and easy to install, helps lower household energy expenditure. Moreover, the significantly rising housing development projects and the increasing adoption rate of Air Conditioners in the hospitality sector are crucial factors likely to accelerate the market growth in the coming years, states MarkNtel Advisors in their research report, "Africa Air Conditioner Market Analysis, 2021."
According to MarkNtel Advisors' research report "Africa Air Conditioner Market Analysis, 2021," the market is likely to grow at a CAGR of 7.5% during 2021-26. For reducing the energy footprint created by air conditioners, the demand for environment-friendly and energy-efficient air conditioners is increasing to reduce GHG emission and electricity consumption. Similarly, to curb greenhouse gas emissions by 40 million tons by 2040, strict air conditioning efficiency standards are being adopted by African countries. Moreover, as per the International Energy Agency, the electricity demand for air conditioners is likely to jump 10-fold across Africa by 2040.