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The government of Oman has recently planned to diversify its economy, thereby leading to a considerable boost in the foreign direct investments in the country. The growing number of greenfield investments in the country is projected to positively impact the growth of the Oman Air Conditioner market as new buildings would be established. Moreover, the increasing number of tourist arrivals in the country is strongly contributing to the growth of the hospitality sector. Therefore, several investments are planned for the construction of new hotels. Hence, it is anticipated to boost the growth of the Oman Air Conditioner market in the years to come.
According to the MarkNtel Advisors’ research report titled “Oman Air Conditioner Market Analysis, 2020”, the Air Conditioner market is projected to register a CAGR of around 3% during 2020-25. The centralized and split air conditioners segments captured a considerable market share in the Oman Air Conditioner market in 2019. The maximum market share is attributed to the shift of the customers toward split air conditioners from window air conditioners. Moreover, the increasing number of construction projects for residential, commercial, and hospitality sectors are expected to surge the demand for air conditioners in the country.
Moreover, the residential sector acquired the highest market share in the overall Oman Air Conditioner market in 2019 due to the increasing initiatives by the government to establish affordable housing units in the country.
As per MarkNtel Advisors’ study, the companies that have captured a significant market share in the Oman Air Conditioner market include LG, Fujitsu General, Panasonic, Gree, Daikin, York, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Oman Air Conditioner Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million and volume is measured in unit sold.
Q. What would be the growth rate or CAGR of Oman Air Conditioner market during 2020-25?
A. The market size of Oman Air Conditioner market during 2020-25 is forecast to be around 3%.
Q. Which type of air Conditioner would grab the highest market share during 2020-25?
A. It is forecast that the centralized and split air Conditioner captured the highest market share in the Oman air conditioner market.
Q. Who are the key competitors or players operating in Oman Air Conditionermarket?
A. LG, Fujitsu General, Panasonic, Gree, Daikin, York are few of the leading players in the Oman Air Conditionermarket.
Q. Does the report scope cover AC type wise market statistics also?
A. Yes, the scope of the report encompass detailed air conditioner type 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 Oman Air conditioner market?
A. The residential sector grabbed a substantial market shared due to the increasing initiatives by the government to establish affordable housing units in the Oman.
