Air conditioners are central heating & cooling system that control the temperature & humidity of an area. They are widely used for removing the warm air from a defined area through a refrigeration cycle and diverse applications, ranging from residential buildings, malls, & office spaces to theatres, and many more.
The Bahrain Air Conditioner Market is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2023-28. Most of the market is likely to be driven by arid climatic conditions in the country, improving economy of the country, and increasing purchase power of people. Besides, since these systems are rapidly becoming an integral part of the country's infrastructure for cooling, the government's move on the construction of new structures across residential, commercial, and corporate sectors, is also propelling the demand for air conditioners and positively influencing the market growth.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Region Covered||North, Central, South|
|Key Companies Profiled||Yatim Air Conditioning Co., Samsung Electronics Co., Ltd., LG Electronics, Inc.,, Classpro, Daikin Industries, Ltd., Panasonic Corporation,, Mitsubishi Electric Corporation, Johnson Controls, Inc. (York), Super General, Hisense Middle East, Whirlpool, Nikai Group, SKM, Awal Gulf Manufacturing, Zamil Air Conditioner Holding Company Ltd, Others|
|Unit Denominations||USD Million/Billion|
The same aspect is also generating lucrative opportunities for the leading players to increase their production & distribution capacities. Moreover, with the growing number of construction & development projects in the country, in line with the sustainability vision to bring smart cities under economic diversification plans, the demand for air conditioners is set to elevate rapidly.
In addition, the increasing influx of tourists, pilgrims, & migrants in the country is also instigating the government to fund construction projects, due to which the expanding hotels, resorts, airports, shopping malls, stadiums, auditoriums, malls, metros & railway stations, etc., which is also positively influencing the market dynamics and generating lucrative opportunities for the leading players and driving the market through 2028.
Growth Opportunity: The Emergence of Air Conditioners integrated with the Internet of Things (IoT)
With constantly advancing technologies, the advent of IoT in air conditioners is swiftly gaining momentum, due to which, numerous manufacturers are utilizing these opportunities & introducing automation to facilitate a comfortable environment for diverse end-user industries. Besides, with these solutions, new features like temperature detection, energy efficiency, air purification, real-time monitoring, remote diagnosis, preventive maintenance, & remote appliance control, among others, are also stimulating the market for air conditioners across Bahrain and positively influencing the market growth.
Key Trend: Increased popularity for Energy-Efficient & Smart Air Conditioners
With peaking environmental concerns associated with the carbon emissions generated by air conditioners, the demand for energy-efficient & smart air conditioners is growing rapidly across Bahrain. In addition, awareness among people about air conditioners & air quality is also contributing to energy-efficient & smart air conditioners and stimulating the overall market growth. It is also encouraging manufacturers to increase their production of energy-efficient air conditioners with advanced technologies and cater to the alarming concerns.
Based on Type:
Of them all, Split Air Conditioners are anticipated to dominate the market with the largest share during the forecast period. This dominance attributes to the increased popularity across end-user industries like residential complexes, offices, & diverse commercial spaces like hotels, resorts, and others, to offer better living conditions to the people. It is also instigating the manufacturers to increase their production & distribution capacities to cater to the burgeoning demands throughout the region.
Besides, growing awareness among people about the perks of split air conditioners like efficient energy consumption, easy installation & operation, cost-effectiveness, ease of maintenance, and features like air purification, among others, is also boosting the installation of split air conditioners and driving the overall market growth.
Based on the End User:
Here, the residential & commercial sectors are anticipated to acquire the largest market share and generate lucrative opportunities for the leading players during the forecast period. This growth attributes to the massive tourist, migrants, and population influx in the country, propelling the need for proper residential & commercial complexes. As a result, the government is also funding these areas and widening the opportunities for players to cater to air conditioner needs across the end-user sectors. Besides, initiatives by the government to upsurge the infrastructure development, alongside Economic Vision 2030, the target to increase the disposable income of the citizens, are also acting as major factors in strongly contributing to the growth of the Air Conditioner market in the country.
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Frequently Asked Questions
A. The Bahrain Air Conditioner Market is projected to register around 3% CAGR during 2023-28.
A. The improving disposable income of people and hot & humid climatic conditions of Bahrain are the primary aspects projected to drive the Air Conditioner Market during 2023-28.
A. Yatim Air Conditioning Co., Samsung Electronics Co., Ltd., LG Electronics, Inc., Daikin Industries, Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, Whirlpool, Classpro, Johnson Controls, Inc. (York), Super General, Hisense Middle East, Nikai Group, SKM, Awal Gulf Manufacturing, and Zamil Air Conditioner Holding Company Ltd. are the key companies participating in the Bahrain Air Conditioner Market.
A. The residential & commercial sectors would provide profitable opportunities to the leading players in the Bahrain Air Conditioner Market during 2023-28.