UAE Air Conditioner

UAE Air Conditioner Market Research Report: Forecast (2022-27)

By Type (Window, Split, Floor Standing, Cassette, Packaged, Ducted Split, Chillers, VRF, AHU, FCU), By Region (North, Central, South), By End User (Residential, Commercial Buildings, Retail, Health C Read more

  • Environment
  • Jan 2020
  • 106
  • ET33015

Market Overview

With the surging preference toward pure & disease-free indoor air quality, coupled with the improving buying power & changing living standards of people, the UAE is observing the rising adoption of air conditioners. Besides, the geographic location of the UAE presents hot climate conditions that also add up to the mounting need for air conditioners across the country. It is majorly to enhance comfort & cooling at different facilities and boost the air conditioner industry across the UAE.

Market Insights

The UAE Air Conditioners Market is projected to grow at a CAGR of around 4% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly improving economic conditions and changing living standards of people & their growing purchasing power, i.e., boosting the sales of air conditioners to enhance the comfort at facilities. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR 4%
Key Companies Profiled LG Electronics, Fujitsu General, Carrier, Gree, Samsung, Daikin, Mitsubishi, SKM, Midea, Super General
Unit Denominations USD Million/Billion

 

Additionally, escalating government focus on economic diversification away from oil is stimulating various infrastructural developments. Due to this, the UAE is experiencing numerous construction projects like hotels, resorts, corporate spaces, residential buildings, & shopping malls are surging rapidly. It, in turn, is instigating air conditioner manufacturers to accelerate their production capacities and meet the mounting end-user demand. 

Besides, rapidly establishing multinational companies, growing migrant influx, and the expanding tourism sector in the country are other crucial aspects propelling the need for air conditioners and driving the market. Moreover, the mounting need to strengthen the hospitality & healthcare sectors is soaring the construction & infrastructural developments of these facilities, which, in turn, would boost the demand for air conditioners and fuel the overall market growth in the coming years.

Key Trend in the UAE Air Conditioners Market

  • Growing Inclination toward Smart Air Conditioners in the UAE

With rapid technological advancements, the demand for smart & energy-efficient air conditioners is swiftly escalating across the UAE to address the alarming carbon emission levels that affect the environment. In addition, the UAE government is actively seeking & adopting solutions in line with sustainability and encouraging the utilization of energy-efficient systems like air conditioners. Besides, the mounting inclination toward building automation & services like facility management are other crucial areas stimulating the demand for smart & energy-efficient air conditioners for better controls, monitoring, temperature maintenance, cleaner air, smart thermostat, & other applications.

Impact of Covid-19 on the UAE Air Conditioners Market

In 2020, the advent of Covid-19 severely impacted the UAE Air Conditioners Market due to the imposition of cross-border trade restrictions & lockdowns by the UAE government to curb the spread of this dreadful disease. It introduced several growth challenges to the market like hampered transportation & logistics, delayed deliveries of pre-produced air conditioners, supply chain disruptions, shortage of raw materials, fluctuation in product prices, etc.

Besides, the lockdowns resulted in the lack of labor, reduced production, increased demand & supply gaps, & shut down of manufacturing facilities, which, in turn, led to massive financial losses for the leading players in the air conditioners market in the UAE amidst the crisis.

However, the government uplifted the restrictions & allowed the recommencement of business operations after seeing a gradual improvement in the pandemic situation with a reducing number of Covid-19 cases. Consequently, the leading players resumed the production of air conditioners and increased their manufacturing capacities to meet the burgeoning demand.

Currently, the leading market players are working on introducing new products & expand their visibility & product portfolio across the UAE, which would provide lucrative growth opportunities to the market in the years to come.

Market Segmentation

Based on End-Users:

  • Residential
  • Commercial Buildings
  • Retail
  • Health Care
  • Hospitality
  • Government & Transportation
  • Oil & Gas

Here, the Commercial sector is anticipated to demonstrate the fastest growth of the UAE Air Conditioners Market during 2022-27. It attributes principally to various initiatives by the UAE government to strengthen the country's infrastructure with the increasing construction projects like educational institutions, corporate offices, & shopping malls, among others. As a result, it is boosting the demand for air conditioners to facilitate the infrastructure with suitable temperature, cooling, & ventilation.

Besides, projects like Dubai Tourism Strategy & Higher Education 2030 are further expected to fuel the growth of the commercial sector and, in turn, drive the air conditioners market through 2027. Moreover, extensive expenditure of the UAE government on transportation & connectivity across the country through metro & railway stations, airports, etc., are also likely to stimulate the demand for air conditioners and positively influence the overall market growth in the years to come.

Regional Landscape

Geographically, the UAE Air Conditioner Market expands across the following:

  • Abu Dhabi & Al Ain
  • Dubai
  • Sharjah & Northern Emirates

Of all cities in the UAE, Dubai dominated the air conditioners market with the largest share in recent years, and the same trend is likely during the forecast period. It owes principally to the rapid construction activities associated with transportation, commercial buildings, tourism, & educational institutions, among others, due to the city being a host for World Expo 2020 (postponed to 1st Oct 2021 due to the Covid-19 pandemic). It, in turn, is propelling the demand for air conditioners for proper ventilation & cooling. Additionally, massive investments in industrial sectors other than the oil to diversify the economy are also expected to augment the demand for air conditioners & drive the market through 2027.

On the other hand, Abu Dhabi & Al Ain are also likely to generate lucrative growth opportunities for the leading market players, principally due to the increasing establishment of multinational companies & retail spaces in the city, i.e., boosting the construction sector & escalating the demand for air conditioners during the forecast period.

Besides, an increasing number of government projects & initiatives like the Abu Dhabi 2030 plan for economic diversification and to enhance tourism shall further positively influence the Air Conditioners Market across Abu Dhabi & Al Ain through 2027.

Market Dynamics:

Key Driver & Opportunity: Mounting Construction Activities in the UAE 

The growing focus of the UAE's government on enhancing the existing infrastructure is leading to several construction projects like residential complexes, shopping malls, airports, railway & metro stations, & educational institutions, among others, throughout the country. It, in turn, is playing a prominent role in boosting the demand & sales of air conditioners & driving the UAE Air Conditioners Market through 2027.

Besides, the UAE's aim to diversify its economy away from oil is leading to massive investments in other industrial sectors. It is generating lucrative growth opportunities for the leading market players to introduce new features in air conditioners and, in turn, expand their product portfolio & visibility across the country.

Possible Restraint: Complex & Costly Air Conditioners

Since the demand for air conditioners is increasing swiftly across the UAE, there are several challenges in procuring raw materials due to price fluctuations. As a result, finished products are becoming expensive, which, in turn, might limit the customer base and hamper the growth of the UAE Air Conditioner Market during 2022-27.

Besides, complexity in the installation and unawareness about proper maintenance & timely inspection associated with air conditioners are other vital aspects that might restrain the market expansion in the years to come.

Key Questions Answered in the Market Research Report:

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

Frequently Asked Questions

A. The UAE Air Conditioners Market is projected to grow at a CAGR of around 4% during 2022-27.

A. The Commercial sector is anticipated to emerge as an area of remunerative opportunities for the leading players in the UAE Air Conditioners Market during 2022-27.

A. The rapidly enhancing UAE's infrastructure is displaying rigorous construction activities, which would boost the demand for air conditioners and generate growth opportunities for the leading players in the UAE Air Conditioners Market in the coming years.

A. The UAE Air Conditioner Market is witnessing the active participation of the leading players in introducing new variants of air conditioners and expanding their product portfolio & visibility across the country. The same trend is likely in the coming years, which would provide lucrative growth opportunities to the market.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Expert Verbatim- What our Experts Say?

4.     Macroeconomic Outlook

5.     UAE Air Conditioner Market Analysis (2017-2027)

5.1.   Market Size & Analysis

5.1.1. Market Revenues

5.2.   Market Share & Analysis

5.2.1. By Type

5.2.1.1.  Window AC

5.2.1.2.  Split AC

5.2.1.3.  Floor Standing AC

5.2.1.4.  Cassette AC

5.2.1.5.  Packaged AC

5.2.1.6.  Ducted Split AC

5.2.1.7.  Centralized AC

5.2.2. By Region

5.2.2.1.  Abu Dhabi & Al Ain

5.2.2.2.  Dubai

5.2.2.3.  Sharjah & Northern Emirates

5.2.3. By End User

5.2.3.1.  Residential

5.2.3.2.  Commercial Buildings

5.2.3.3.  Retail

5.2.3.4.  Health Care

5.2.3.5.  Hospitality

5.2.3.6.  Government & Transportation

5.2.3.7.  Oil & Gas

5.2.3.8.  Others

5.3.   By Sales Channel

5.3.1.1.  Direct Sales

5.3.1.2.  Online

5.3.1.3.  Authorized Distributors

5.4.   By Company

5.4.1.1.  Revenue Shares

5.4.1.2.  Strategic Factorial Indexing

5.4.1.3.  Competitor Placement in MarkNtel Quadrant

6.     UAE Window Air Conditioner Market Attractiveness Indexing

6.1.1. By Type

6.1.2. By Region

6.1.3. By End User

6.1.4. By Capacity

6.1.5. By Sales Channel

7.     UAE Window Air Conditioner Market Analysis (2017- 2027)

7.1.   Market Size & Analysis

7.1.1. Market Revenues

7.2.   Market Share & Analysis

7.2.1. By Capacity

7.2.1.1.  1 ton

7.2.1.2.  1.5 ton

7.2.1.3.  2 tons and above 

7.2.2. By Region

7.2.3. By End User

7.2.4. By Company

7.2.5. By Sales Channel

7.3.   Pricing Analysis

7.3.1. Price Trend

7.3.2. Competitor Wise Product Pricing

7.4.   UAE Window Air Conditioner Market Attractiveness Indexing (2019-25)

7.4.1. By Region

7.4.2. By End User

7.4.3. By Capacity

7.4.4. By Sales Channel

8.     UAE Split Air Conditioner Market Analysis (2017- 2027)

8.1.   Market Size & Analysis

8.1.1. Market Revenues

8.2.   Market Share & Analysis

8.2.1. By Capacity

8.2.2. By Region

8.2.3. By Company

8.2.4. By Sales Channel

8.3.   Pricing Analysis

8.3.1. Price Trend

8.3.2. Competitor Wise Product Pricing

8.4.   UAE Split Air Conditioner Market Attractiveness Indexing (2019-25)

8.4.1. By Region

8.4.2. By End User

8.4.3. By Capacity

8.4.4. By Sales Channel

9.     UAE Floor Mounted Air Conditioner Market Analysis (2017- 2027)

9.1.   Market Size & Analysis

9.1.1. Market Revenues

9.2.   Market Share & Analysis

9.2.1. By Capacity

9.2.2. By Region

9.2.3. By End User

9.2.4. By Company

9.2.5. By Sales Channel

9.3.   Pricing Analysis

9.3.1. Price Trend

9.4.   UAE Floor Mounted Air Conditioner Market Attractiveness Indexing (2019-25)

9.4.1. By Region

9.4.2. By End User

9.4.3. By Capacity

9.4.4. By Sales Channel

10.  UAE Cassette Air Conditioner Market Analysis (2017- 2027)

10.1.               Market Size & Analysis

10.1.1.   Market Revenues

10.2.               Market Share & Analysis

10.2.1.   By Capacity

10.2.2.   By Region

10.2.3.   By End User

10.2.4.   By Company

10.2.5.   By Sales Channel

10.3.               Pricing Analysis

10.3.1.   Price Trend

10.4.               UAE Cassette Air Conditioner Market Attractiveness Indexing (2019- 2027)

10.4.1.   By Region

10.4.2.   By End User

10.4.3.   By Capacity

10.4.4.   By Sales Channel

11.  UAE Packaged Air Conditioner Market Analysis (2017- 2027)

11.1.               Market Size & Analysis

11.1.1.   Market Revenues

11.2.               Market Share & Analysis

11.2.1.   By Region

11.2.2.   By End User

11.2.3.   By Company

11.2.4.   By Sales Channel

11.3.               Pricing Analysis

11.3.1.   Price Trend

11.4.               UAE Packaged Air Conditioner Market Attractiveness Indexing (2019-25)

11.4.1.   By Region

11.4.2.   By End User

11.4.3.   By Sales Channel

12.  UAE Ducted Split Air Conditioner Market Analysis (2017- 2027)

12.1.               Market Size & Analysis

12.1.1.   Market Revenues

12.2.               Market Share & Analysis

12.2.1.   By Region

12.2.2.   By End User

12.2.3.   By Company

12.2.4.   By Sales Channel

12.3.               Pricing Analysis

12.3.1.   Price Trend

12.4.               UAE Ducted Split Air Conditioner Market Attractiveness Indexing (2019-25)

12.4.1.   By Region

12.4.2.   By End User

12.4.3.   By Sales Channel

13.  UAE Centralized Air Conditioner Market Analysis (2017- 2027)

13.1. Market Size & Analysis

13.1.1.   Market Revenues

13.2. Market Share & Analysis

13.2.1.   By Type

13.2.1.1.       Chiller

13.2.1.2.       Condensing Unit/VRF

13.2.1.3.       AHU/FCU

13.2.2.   By Region

13.2.3.   By End User

13.2.4.   By Company

13.2.5.   By Sales Channel

13.3.UAE Centralized Air Conditioner Market Attractiveness Indexing (2019-25)

13.3.1.   By Region

13.3.2.   By End User

13.3.3.   By Capacity

13.3.4.   By Sales Channel

14.  PESTLE Analysis

15.  UAE Air Conditioner Market Regulations, Norms, & Product Standards

16.  UAE Air Conditioner Market Trends & Developments

17.  UAE Air Conditioner Market Dynamics

17.1. Impact Analysis

17.2. Drivers

17.3. Challenges

18.  UAE Air Conditioners Imports, Exports Statistics

19.  UAE Air Conditioners Market Winning Strategies, 2019

19.1. Investment Scenario

19.2. Hotspots

20.  UAE Air Conditioners Value Chain & Stakeholder Margin Analysis

21.  Competitive Benchmarking

21.1. Competition Matrix

21.1.1. Product Portfolio

21.1.2. Target Markets

21.1.3. Target End Users

21.1.4. Research & Development

21.1.5. Strategic Alliances

21.1.6. Strategic Initiatives

21.2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

21.2.1.   LG Electronics

21.2.2.   Fujitsu General

21.2.3.   Carrier

21.2.4.   Gree

21.2.5.   Samsung

21.2.6.   Daikin

21.2.7.   Mitsubishi

21.2.8.   SKM

21.2.9.   Midea

21.2.10. Super General

22.  Disclaimer

UAE Air Conditioner Market Segmentation