Kuwait Air Conditioner

Kuwait 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
  • Feb 2023
  • 121
  • ET33008

Market Definition

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.

Market Overview

The Kuwait 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 the hot, humid, & arid climatic conditions of Kuwait, alongside improving economic conditions of people, i.e., augmenting the sales of air conditioners across the country.

Besides, as the government is showcasing determination in the development of the country's infrastructure, these systems are rapidly becoming an integral part of the cooling. Backed by the government's move on the construction of new structures across residential, commercial, and corporate sectors, the requirements for air conditioners are peaking high and positively influencing market growth.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 3%
Region Covered Al Asimah, Al Farwaniya, Hawalli, Al Ahmadi, Al Jahra
Key Companies Profiled Carrier Corporation, Samsung Electronics Co., Ltd., Daikin Industries, Ltd., Panasonic Corporation,, Mitsubishi Electric Corporation, Johnson Controls, Inc. (York), Midea Group Co., Ltd., Qingdao Haier Co., Ltd, Hisense Middle East, Whirlpool, SKM, Ruud, Hitachi Limited, Electrolux, X-Cite General Trading Co., Frigidaire
Unit Denominations USD Million/Billion

 

Additionally, the same aspect is generating lucrative opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands throughout Kuwait in the coming years. Furthermore, the substantial influx of tourists, pilgrims, & migrants in the country are also instigating the government to fund construction projects. As a result, the increasing establishment of hotels, resorts, airports, shopping malls, stadiums, auditoriums, malls, metros & railway stations, etc., is positively influencing the air conditioner market dynamics in Kuwait.

Market Dynamics:

Growth Opportunity: Integration of the Internet of Things (IoT) into Air Conditioners

With advancing technologies not leaving any stone unturned in the air conditioner sectors, the integration of IoT in air conditioners is swiftly gaining momentum. As a result, numerous manufacturers are utilizing these opportunities & introducing automation to facilitate a comfortable environment for diverse end-user industries. In addition, these solutions are also offering new features like temperature detection, energy efficiency, air purification, real-time monitoring, remote diagnosis, preventive maintenance, & remote appliance control, among others. Hence, the growing awareness among people about these aspects is positively influencing the overall market growth through 2028.

Key Trend: Ever-Growing Popularity of Energy-Efficient & Smart Air Conditioners

As concerns over environmental degradation & rising carbon emissions from air conditioners are escalating swiftly, the need for energy-efficient & smart air conditioners are growing significantly across Kuwait. It is encouraging manufacturers to increase their production of energy-efficient air conditioners with advanced technologies and cater to the alarming concerns. Besides, growing awareness among people about air conditioners & their ill effects on air quality is also driving the adoption of energy-efficient & smart air conditioners in Kuwait and stimulating the overall market growth through 2028.

Market Segmentation

Based on Type:

  • Window AC
  • Split AC
  • Cassette AC
  • Packaged AC
  • Ducted Split AC
  • Centralized AC
  • Others (Floor Standing/Portable AC, etc.)

Of them all, split air conditioners are anticipated to acquire the largest market share during the forecast period. This dominance attributes to the elevating demand for these air conditioners, particularly across end-user industries like residential complexes, offices, & diverse commercial spaces like hotels, resorts, and others, to offer better living conditions to the people.

Additionally, growing awareness among people about the perks of split air conditioners, such as efficient energy consumption, easy installation & operation, cost-effectiveness, ease of maintenance, and features like air purification, among others, is playing a significant role in instigating the manufacturers to increase their production & distribution capacities to cater to the burgeoning demands throughout the country. It, in turn, is boosting the installation of split air conditioners substantially and driving the overall market growth in Kuwait.

Based on the End User:

  • Residential
  • Commercial
  • Retail
  • Healthcare
  • Hospitality
  • Government & Transportation
  • Oil & Gas
  • Others (Religious Institutions, etc.,)

Here, the residential & commercial sectors altogether are anticipated to dominate the market with the largest share and generate lucrative opportunities for the leading players during the forecast period. This dominance is backed by massive tourist, migrants, and population influx in the country, propelling the need for proper residential & commercial complexes. The same aspect is also instigating the government to increase funding for these areas, for the construction & development of sectors, and widening the opportunities for players to cater to the ever-evolving demand for air conditioners across these sectors.

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Frequently Asked Questions

A. The Kuwait 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. Carrier Corporation, Samsung Electronics Co., Ltd., Daikin Industries, Ltd., Panasonic Corporation, Mitsubishi Electric Corporation, Johnson Controls, Inc. (York), Midea Group Co., Ltd., Qingdao Haier Co., Ltd, Hisense Middle East, Whirlpool, SKM, Ruud, Hitachi Limited, Electrolux, X-Cite General Trading Co., and Frigidaire are the key companies operating in the Kuwait Air Conditioner Market.

A. The residential & commercial sectors are projected to generate lucrative prospects for the leading players in the Kuwait Air Conditioner Market during 2023-28.

  1. Market Segmentation
  2. Introduction
    1. Research Process
    2. Product Definition
    3. Assumption
  3. Executive Summary
  4. Kuwait Air Conditioner Market Trends & Developments
  5. Kuwait Air Conditioner Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  6. Kuwait Air Conditioner Market Regulations, Norms, & Product Standards
  7. Kuwait Air Conditioners Imports, Exports Statistics
  8. Kuwait Air Conditioners Market Hotspots & Opportunities
  9. Kuwait Air Conditioners Value Chain & Stakeholder Margin Analysis
  10. Kuwait 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. 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. Al Asimah
        2. Al Farwaniya
        3. Hawalli
        4. Al Ahmadi
        5. Al Jahra
      4. By Company
        1. Market Shares
        2. Competition Characteristics
  11. Kuwait 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. Kuwait 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. Kuwait 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. Kuwait Packaged 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
  15. Kuwait 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. Kuwait Centralized Air Conditioner Market Analysis (2018- 2028F)
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Chillers
        2. VRF
        3. Others (AHU/FCU, etc.)
      2. By End User
      3. By Company
  17. Kuwait Air Conditioners Market Key Strategic Imperatives for Success & Growth
  18. Kuwait 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. Carrier Corporation
      2. Samsung Electronics Co., Ltd.
      3. Daikin Industries, Ltd.
      4. Panasonic Corporation,
      5. Mitsubishi Electric Corporation
      6. Johnson Controls, Inc. (York)
      7. Midea Group Co., Ltd.
      8. Qingdao Haier Co., Ltd
      9. Hisense Middle East
      10. Whirlpool
      11. SKM
      12. Ruud
      13. Hitachi Limited
      14. Electrolux
      15. X-Cite General Trading Co.
      16. Frigidaire
  19. Disclaimer
Kuwait Air Conditioner Market Segmentation