Saudi Arabia Air Conditioner

Saudi Arabia Air Conditioner Market Research Report: Forecast (2023-2028)

By Type (Window AC, Split AC, Cassette AC, Packaged AC, Ducted Split AC, Centralized AC, Others (Floor Standing/Portable AC, etc.)), By End User (Residential, Commercial Buildings, Retail, Health Care Read more

  • Environment
  • Jan 2023
  • 110
  • ET33013

Market Definition

Air conditioners are machines that remove warm air from a defined area and replace it with cooler air through a refrigeration cycle.

Market Insights

The Saudi Arabia Air Conditioner Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. The growing commercialization, along with the diversification of the economy due to extensive development in residential, commercial, hospitality, and industrial sectors, is one of the few factors expected to drive the Saudi Arabia Air Conditioner market growth through 2028. In addition, this drift towards infrastructural development has attracted substantial investment from the government and the private market players, leading to more installation of air conditioners in the coming years. For instance, in 2018, The ‘wind-free’ wall-mounted air-conditioner, the first of its kind, was launched at the HVACR Expo to be constructed in Jeddah. Besides, the rising greenfield investments in the country would positively impact the demand for air conditioners in the coming years.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.0%
Region Covered Central, East, West, South
Key Companies Profiled LG - Shaker Co. Ltd, Fujitsu General (Middle East) FZE, Carrier Saudi Services Company Ltd, S.K.M. Air Conditioning LLC, Al Salem Johnson Control (York), GREE - BASIC ELECTRONICS COMPANY LTD., Daikin Air Conditioning Saudi Arabia LLC, Zamil Air Conditioner Holding Company Ltd., Dallah Trading Co. (Trane), Petra Engineering Industries, Others
Unit Denominations USD Million/Billion

 

Moreover, the active participation of the government in allocating funds for an affordable housing facility has multiplied the number of residential units, thus resulting in maximized sales of AC in the nation. However, as an aftermath of the pandemic, the overall economic growth of Saudi Arabia got hampered as the authorities banned international pilgrims, which subsequently restricted the air conditioner industry expansion.

On the contrary, the initiatives like Saudi Vision 2030, aiming to reinvigorate the dipping economy, might further boost the kingdom's economy, swiftly hinting at more infrastructural advancements across Saudi Arabia in the coming years. Such robust improvements, paired with mounting sustainability concerns, particularly in the commercial and residential sectors, might encourage the need for more energy-efficient and smart AC for air conditioners between 2023 and 28.

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Product Definition
    3. Assumption
  3. Executive Summary
  4. Saudi Arabia Air Conditioner Market Trends & Developments
  5. Saudi Arabia Air Conditioner Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  6. Saudi Arabia Air Conditioner Market Regulations, Norms, & Product Standards
  7. Saudi Arabia Air Conditioners Imports, Exports Statistics
  8. Saudi Arabia Air Conditioners Market Hotspots & Opportunities
  9. Saudi Arabia Air Conditioners Value Chain & Stakeholder Margin Analysis
  10. Saudi Arabia Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units) [Window + Split + Cassette]
    2. Market Share & Analysis
      1. By Type
        1. Window AC
        2. Split AC
        3. Cassette AC
        4. Packaged AC
        5. Ducted Split AC
        6. Centralized AC
        7. Others (Floor Standing/Portable AC, etc.)
      2. By End User
        1. Residential
        2. Commercial Buildings
        3. Retail
        4. Health Care
        5. Hospitality
        6. Government & Transportation
        7. Oil & Gas
        8. Others (Religious Institutions, etc.,)
      3. By Region
        1. East
        2. West
        3. South
        4. Central
      4. By Company
        1. Market Shares
        2. Competition Characteristics
  11. Saudi Arabia Window Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Capacity
        1. Up to 1 Ton
        2. 1.1 to 2 Tons
        3. Above 2 Tons
      2. By End User
      3. By Company
  12. Saudi Arabia Split Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Capacity
        1. Up to 1 Ton
        2. 1.1 to 2 Tons
        3. Above 2 Tons
      2. By End User
      3. By Company
  13. Saudi Arabia Cassette Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By End User
      2. By Company
  14. Saudi Arabia Packaged Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By End User
      2. By Company
  15. Saudi Arabia Ducted Split Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By End User
      2. By Company
  16. Saudi Arabia Centralised Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand Units)
    2. Market Share & Analysis
      1. By Type
        1. Chillers
        2. VRF
        3. Others (AHU/FCU, etc.)
      2. By End User
      3. By Company
  17. Saudi Arabia Air Conditioners Market Key Strategic Imperatives for Success & Growth
  18. Saudi Arabia Air Conditioner Market Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target End Users
      3. Target Markets
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Portfolio, Recent Development, Key Executives, Contact Details)
      1. LG - Shaker Co. Ltd
      2. Fujitsu General (Middle East) FZE
      3. Carrier Saudi Services Company Ltd
      4. S.K.M. Air Conditioning LLC
      5. Al Salem Johnson Control (York)
      6. GREE - BASIC ELECTRONICS COMPANY LTD.
      7. Daikin Air Conditioning Saudi Arabia LLC
      8. Zamil Air Conditioner Holding Company Ltd.
      9. Dallah Trading Co. (Trane)
      10. Petra Engineering Industries
      11. Others
  19. Disclaimer
Saudi Arabia Air Conditioner Market Segmentation
*This field is required