GCC Air Conditioner Market to Witness 5.0% CAGR Growth Between 2024 and 2030

A comprehensive analysis report on the GCC Air Conditioner Market has been recently released by MarkNtel Advisors, covering the forecast period from 2024 to 2030. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the GCC Air Conditioner Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

GCC Air Conditioner Market Overview:

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

Market Growth Rate: 5.0% (2024-2030)

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GCC Air Conditioner Market Segmentation Analysis:

According to MarkNtel study the market is segmented the into the following categories:

By Type

• Window AC- Market Size & Forecast 2019-2030, Thousand Units
  • Upto 1 Ton
  • to 2 Ton
  • Above 2 Ton
• Split AC- Market Size & Forecast 2019-2030, Thousand Units
  • Upto 1 Ton
  • 5 Ton
  • 6 to 2 Ton
• Floor Standing AC- Market Size & Forecast 2019-2030, USD Million
  • Upto 2 Ton
  • Above 2 Ton
• Cassette AC- Market Size & Forecast 2019-2030, USD Million
• Packaged AC- Market Size & Forecast 2019-2030, USD Million
• Ducted Split AC- Market Size & Forecast 2019-2030, USD Million
• Centralized AC- Market Size & Forecast 2019-2030, USD Million
  • FCU/AHU
  • Chillers
  • VRF

Out of all these, Split Air Conditioner holds the largest market share. Split air conditioners have an indoor unit connected to an outdoor unit via pipes, its silent functioning is what makes split air conditioners desirable.

By End User

• Residential- Market Size & Forecast 2019-2030, USD Million
• Commercial- Market Size & Forecast 2019-2030, USD Million
• Industrial- Market Size & Forecast 2019-2030, USD Million
• Hospitality- Market Size & Forecast 2019-2030, USD Million

By Distribution Channel

• Direct Sales- Market Size & Forecast 2019-2030, USD Million
• Online– Market Size & Forecast 2019-2030, USD Million
• Authorized Distributors- Market Size & Forecast 2019-2030, USD Million

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By Country

• Saudi Arabia
• The UAE
• Oman
• Qatar
• Bahrain
• Kuwait

Among these countries, Saudi Arabia dominated the market for air conditioners.  Saudi Arabia is the biggest country in the GCC group and the richest with a significant per capita income.

GCC Air Conditioner Market Competitive Landscape:

This section competitive landscape covers the top companies’ participants in the GCC Air Conditioner industry, and their business description, product portfolio, strategic alliances or partnerships, recent developments, financial details analysis from 2024-2030.

Leading Market Player Are:

• LG Electronics
• K.M. Air Conditioning
• Gree Electric Appliances, Inc.
• Carrier GCC Corporation
• Daikin Industries, Ltd.
• Mitsubishi Electric Corporation
• Trane Technologies Company, LLC.
• Johnson Controls International Plc.
• Zamil Air Conditioners Holding Co. Ltd.
• Toshiba Gulf Fze
• Panasonic Marketing Middle East & Africa FZE
• Samsung Gulf Electronics
• Lennox EMEA
• Haier Electronics
• Fujitsu General (Middle East) FZE.
• Others

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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Key Report Highlights  

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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