The rising number of tourists in the country is strongly contributing to the growth of the hospitality sector thereby boosting the demand for new hotels. Moreover, UAE has introduced several initiatives that have a strong impact on the tourism sector. Some of the initiatives include Dubai Tourism Strategy 2020, Sharjah Tourism Vision 2021, and Ajman Strategic Plan for Tourism 2015-2021. The country is projected to witness the introduction of 10 new hotels in 2020. Therefore, it is anticipated to surge the demand for air conditioners in the forthcoming period.
According to the MarkNtel Advisors’ research report titled “UAE Air Conditioner Market Analysis, 2020”, the Air Conditioner market is anticipated to register a CAGR of around 4% during 2020-25. The centralized air conditioner acquired the highest share in the overall UAE Air Conditioner market in 2019 due to the growing support by the government to boost the infrastructure development in the commercial, retail, and hospitality sectors.
The rising number of tourists in the country is strongly contributing to the growth of the hospitality sector thereby boosting the demand for new hotels. Moreover, UAE has introduced several initiatives that have a strong impact on the tourism sector. Some of these initiatives include Dubai Tourism Strategy 2020, Sharjah Tourism Vision 2021, and Ajman Strategic Plan for Tourism 2015-2021. The country is projected to experience the introduction of 10 new hotels in 2020. Therefore, it is anticipated to surge the demand for air conditioners in the forthcoming period.
Moreover, the residential, commercial & retail sectors captured a considerable market share in the UAE Air Conditioner market on an account of increasing establishment across commercial and retail sectors. Moreover, the increasing number of housing projects is boosting the demand for air conditioners from the residential sector.
The key players which acquired a significant market share in the UAE Air Conditioner market include Daikin, Fujitsu General, Gree, LG Electronics, Samsung, etc. In order to gain a competitive edge in the industry, these companies are expanding their presence in the country. Moreover, companies are increasingly introducing new products in the country.
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 UAE Air Conditioner market during 2020-25?
A. The market size of UAE Air Conditioner Market during 2020-25 is forecast to be around 4%.
Q. Which End-User would grab the highest market share during 2020-25?
A. It is forecast that the government and transportation sector grabbed a significant market share in the UAE Air Conditioner Market.
Q. Who are the key competitors or players operating in UAE Air Conditioner Market?
A. Daikin, Fujitsu General, Gree, LG Electronics, Samsung and few others are the leading players in the UAE Air Conditioner Market.
Q. Does the report scope cover Emirates wise market statistics also?
A. Yes, the scope of the report encompass detailed Emirates wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which Type segment would emerge as an opportunity area for players in UAE Air Conditioner Market?
A. The centralized air conditioner segment captured a considerable market share in the UAE Air Conditioner Market.
