The increasing degree of annual average temperature and longer duration of summers in certain countries in North Africa act as one of the vital drivers for the surging demand for air conditioners in the region. Moreover, gradual growth in the penetration of air conditioners in these countries provides vast opportunities for companies. According to the World Bank, the penetration of air conditioners in Algeria in the residential sector was between 40%-45% in 2018, thereby providing a vast untapped market potential for further growth.
According to the MarkNtel Advisors’ research report titled “North Africa Air Conditioner Market Analysis, 2020”, the market is anticipated to register a CAGR of around 6% during 2020-25. The split air conditioner segment acquired the highest market share in the North Africa Air Conditioner Market in 2019. The Egypt Vision 2030, a significant government initiative is projected to support and spur the demand for air conditioners in North Africa. This initiative of the country add to more residential and commercial infrastructural development, which generates opportunities for split ACs in the region.
The key players with a considerable market share in the North Africa Air Conditioner market include Samsung, LG, Awal, Gree, Daikin, Carrier, Hitachi, Midea, etc. These companies are expanding their business across North Africa through geographical expansion and product launches to gain a competitive edge in the industry. Moreover, the leading companies’ innovation in terms of technology and design such as the introduction of an inverter-type air conditioner is also gaining traction from a large number of customers in North Africa.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of North Africa Air Conditioner Market during 2020-25?
A. The market size of North Africa Air Conditioner Market during 2020-25 is forecast to be around 6%.
Q. Which type of Air Conditioner would grab the highest market share during 2020-25?
A. It is forecast that Split Air Conditioner will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Which region would grab the highest market share during 2020-25?
A. Egypt and Algeria are the prime countries that generate demand for air conditioners in North Africa due to Egypt vision 2030 and Algeria investment plan 2015-2019.
Q. Who are the key competitors or players operating in North Africa Air Conditioner Market?
A. Samsung, LG, Awal, Gree, Daikin, Carrier, Hitachi, Midea are few of the leading players in the North Africa Air Conditioner Market.
Q. Does the report scope cover Air Conditioner type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Air Conditioner type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in Air conditioner market?
A. Commercial and residential segments will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Air Conditioner of North African Maket.
