The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Air Conditioner Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Air Conditioner Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, GCC Air Conditioner Market was valued at around USD 3.9 billion in 2023 and is estimated to grow at a CAGR of around 5.0% during the forecast period, 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in GCC Air Conditioner Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Window AC- Market Size & Forecast 2019-2030, Thousand Units
- Upto 1 Ton
- 1 to 2 Ton
- Above 2 Ton
- Split AC- Market Size & Forecast 2019-2030, Thousand Units
- Upto 1 Ton
- 1 to1.5 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
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
By Country
- Saudi Arabia
- The UAE
- Oman
- Qatar
- Bahrain
- Kuwait
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Key Factor Driver GCC Air Conditioner Industry Growth by 2030
Increased Construction Activities Driving Market Growth – GCC countries have launched multiple mega projects that will require efficient cooling solutions of different types. These mega projects include hotels, resorts, theatres, sports arenas, skyscrapers, museums, art galleries, and much more. These places will accommodate large crowds and will require efficient and powerful cooling solutions, which will significantly increase the demand for air conditioning systems.
Who are the Key Players Operating in the GCC Air Conditioner Industry?
The top companies of the GCC Air Conditioner market ruling the industry are:
- LG Electronics
- S.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.
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Air Conditioner Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Air Conditioner industry?
- Which is the Leading segment in the market?
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