Africa Air Conditioner

Africa Air Conditioner Market Research Report: Forecast (2021-2026)

By Product Type (Window, Split, Floor Standing, Cassette, Packaged, Ducted Split, Condensing units/VRF, Chillers, AHU/FCU), By End-User (Residential, Commercial), By Country (South Africa, Nigeria, Ke Read more

  • Environment
  • Feb 2021
  • 178
  • ET33020

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.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 7.5%
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

 

Market Segmentation

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.

Africa Air Conditioner Market Research Report: Forecast (2021-2026)

Competitive Landscape

According to MarkNtel Advisors, the key players with a considerable market share in the Africa Air Conditioner market include 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.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Africa Air Conditioner Market?
  2. What is the region-wise industry size, growth drivers, and challenges key market trends?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Africa Air Conditioner Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Africa Air Conditioner Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Africa Air Conditioner Market study?   

Market Outlook, Segmentation and Statistics:

  • Impact of COVID-19 on Africa Air Conditioner Market
  • Market Size & Analysis
    • By Revenues
    • By Unit Sold in Million
  • Market Share & Analysis
    • By Product Type
      • Window
      • Split
      • Floor Standing
      • Cassette
      • Packaged
      • Ducted Split
      • Condensing units/VRF
      • Chillers
      • AHU/FCU
    • By End-User   
      • Residential
      • Commercial
    • By Country
      • South Africa Air Conditioner Market Outlook, 2016-2026F (USD Billion)
      • Nigeria Air Conditioner Market Outlook, 2016-2026F (USD Billion)
      • Kenya Air Conditioner Market Outlook, 2016-2026F (USD Billion)
      • Algeria Air Conditioner Market Outlook, 2016-2026F (USD Billion)
      • Morocco Air Conditioner Market Outlook, 2016-2026F (USD Billion)
  • By Company
    • Revenue Shares
    • Strategic Factorial Indexing
    • Competitor Placement in MarkNtel Quadrant
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market value and volume are USD Billion and millions, respectively.

A. The Africa Air Conditioner Market during 2021-26 is likely to grow at around 7.5% CAGR during 2021-26.

A. 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., are a few leading players in the Africa Air Conditioner Market.

A. The residential segment is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. South Africa shall continue to grow at the highest CAGR, thereby presenting immense opportunities to manufacturers & suppliers of the Africa Air Conditioner Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Africa Air Conditioner Market
  5. Expert Verbatim-Interview Excerpts of industry experts
  6. Africa Air Conditioner Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues in (USD Billion)
      2. Units Sold in Million
    2. Market Share & Analysis
      1. By Product Type
        1. Window, Split
        2. Floor Standing
        3. Cassette
        4. Packaged
        5. Ducted Split
        6. Condensing units/VRF
        7. Chillers
        8. AHU/FCU
      2. By End-User
        1. Residential
        2. Commercial
      3. By Country
        1. South Africa
        2. Nigeria
        3. Kenya
        4. Algeria
        5. Morocco
        6. Others
      4. By Company
        1. Market Shares, By Revenue
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Product Type
      2. By End-User
      3. By Country
    4. By Competitors
      1. Total Units Sold
      2. Market Share
  7. South Africa Air Conditioner Market Analysis, 2021
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Product Type
      2. By End-User
  8. Nigeria Air Conditioner Market Analysis, 2021
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Product Type
      2. By End-User
  9. Kenya Air Conditioner Market Analysis, 2021
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Product Type
      2. By End-User
  10. Algeria Air Conditioner Market Analysis, 2021
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Product Type
      2. By End-User
  11. Morocco Air Conditioner Market Analysis, 2020
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Product Type
      2. By End-User
  12. Africa Air Conditioner Market Value Chain Analysis
    1. Key Stakeholders in Value Chain
    2. Margin at Various Levels
  13. Africa Air Conditioner Market Regulations, Policies, Regulation, Product Benchmarks
  14. Africa Air Conditioner Market Trends & Insights
  15. Africa Air Conditioner Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  16. Africa Air Conditioner Market Hotspot & Opportunities
  17.  Africa Air Conditioner Market Key Strategic Imperatives for Success & Growth
  18. Africa Air Conditioner Market Import & Export Statistics
  19. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Airconditioning & Heating International Carrier Fzc
      2. Daikin Middle East and Africa FZE
      3. Samsung Electronics Co. Ltd.
      4. LG Electronics
      5. Midea Middle East
      6. Sharp Middle East Fze
      7. Haier Electronics Group Co., Ltd.
      8. Dunham-Bush International (Africa) (PTY) Ltd
      9. Trane Inc.
      10. Gree Electric Appliances, Inc. Of Zhuhai
  20. Disclaimer
Africa Air Conditioner Market Segmentation