Air Conditioners Market in GCC Size, Share 2021 - TechSci Research

G CC A i r Co n d i t i o n e r s M a r ke t By P ro d u c t Ty p e, By E n d U s e S e c to r, By Co u n t r y, C o m p e t i t i o n Fo re c a s t a n d O p p o r t u n i t i e s , 2011 – 2021 Market Intelligence . Consulting

Product Overview

Split Air Conditioners

Air conditioners are electric appliances used for maintaining temperature of a particular area.

Window Air Conditioners

VRF Air Conditioners

Chillers

Other Technologies

Target Segments: Residential and Commercial Sectors

Target Segments: Residential and Commercial Sectors

Target Segments: Commercial Sector

Target Segments: Commercial Sector

•Portable Air Conditioners, Floor Standing Air Conditioners, Cassette Air Conditioners and Cube Air Conditioners

2 © Research ©TechSci TechSci Research

Ta b l e o f C o n t e n t S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

GCC Air Conditioners Market Outlook 4.1.

Market Size & Forecast 4.1.1.

4.2.

4.3.

5.

By Value & Volume

Market Share & Forecast 4.2.1.

By Product Type (Split, Window, VRF, Chillers, Others)

4.2.2.

By End Use Sector (Residential & Commercial)

4.2.3.

By Company

4.2.4.

By Country

Market Attractiveness Index

GCC Air Conditioners Market Segmental Analysis 5.1.

GCC Split Air Conditioners Market Outlook 5.1.1

Market Size & Forecast 5.1.1.1

5.1.2.

5.2.

By Value & Volume

Pricing Analysis

GCC Chillers Air Conditioners Market Outlook 5.2.1.

Market Size & Forecast 5.2.1.1

By Value & Volume

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Ta b l e o f C o n t e n t S. No.

Contents 5.3.

GCC Window Air Conditioners Market Outlook 5.3.1.

Market Size & Forecast 5.3.1.1

5.3.2.

5.4.

Pricing Analysis

GCC VRF Air Conditioners Market Outlook 5.4.1.

Market Size & Forecast 5.4.1.1

5.5.

By Value & Volume

GCC Other Air Conditioners Market Outlook 5.5.1.

Market Size & Forecast

5.5.1.1 6.

By Value & Volume

By Value & Volume

GCC Air Conditioners Market Regional Analysis 6.1.

Saudi Arabia Air Conditioners Market Outlook 6.1.1

Market Size & Forecast 6.1.1.1

6.1.2

6.2.

By Value & Volume

Market Share & Forecast 6.1.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.1.2.2

By End Use Sector (Residential & Commercial)

UAE Air Conditioners Market Outlook 6.2.1

Market Size & Forecast 6.2.1.1

6.2.2

By Value & Volume

Market Share & Forecast 6.2.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.1.2.2

By End Use Sector (Residential & Commercial)

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Ta b l e o f C o n t e n t S. No.

Contents 6.3.

Oman Air Conditioners Market Outlook 6.3.1

Market Size & Forecast 6.3.1.1

6.3.2

6.4.

Market Share & Forecast 6.3.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.3.2.2

By End Use Sector (Residential & Commercial)

Kuwait Air Conditioners Market Outlook 6.4.1

Market Size & Forecast 6.4.1.1

6.4.2

6.5.

By Value & Volume

Market Share & Forecast 6.4.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.4.2.2

By End Use Sector (Residential & Commercial)

Qatar Air Conditioners Market Outlook 6.5.1

Market Size & Forecast 6.5.1.1

6.5.2

6.6.

By Value & Volume

By Value & Volume

Market Share & Forecast

6.5.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.5.2.2

By End Use Sector (Residential & Commercial)

Bahrain Air Conditioners Market Outlook 6.6.1

Market Size & Forecast 6.6.1.1

6.6.2

By Value & Volume

Market Share & Forecast 6.6.2.1

By Product Type (Split, Window, VRF, Chillers & Other)

6.6.2.2

By End Use Sector (Residential & Commercial)

7.

Supply Chain Analysis

8.

Import Export Analysis

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Ta b l e o f C o n t e n t S. No. 9.

10.

11.

Contents Market Dynamics 9.1.

Drivers

9.2.

Challenges

Market Trends & Developments 10.1.

Most Advanced Solar Air Conditioning Technology

10.2.

Scope Of District Cooling Technology

10.3.

Growing Focus On Air Conditioners with Air Purification Technology

10.4.

Imposing Energy Efficient Air Conditioners

10.5.

Focus On Reducing HCFC Consumption

Competitive Landscape 11.1.

Competitive Benchmarking

11.2.

Company Profiles 11.2.1.

LG Electronics Gulf FZE

11.2.2.

Daikin McQuay Middle East FZE

11.2.3.

Air-conditioning & Heating International Carrier FZC

11.2.4.

Zamil Air Conditioners Holding Co. Ltd.

11.2.5.

Samsung Gulf Electronics FZE

11.2.6.

Fujitsu General Middle East FZE

11.2.7.

Johnson Hitachi Ltd

11.2.8.

Gree Electric Appliances, Inc.

11.2.9.

York Air-conditioning & Refrigeration FZE

11.2.10.

Trane Middle East

11.2.11.

SKM Air Conditioning L.L.C

11.2.12.

Midea Middle East

11.2.13.

Haier Electronics Middle East

12.

Strategic Recommendations

13.

About US & Disclaimer

6 Š TechSci Research

Research Methodology Baseline Methodology Our dedicated team of industry experts has continuously monitored and analyzed different aspects of air conditioners market in GCC region. The team has analyzed various segments in the market and speculated a positive future for the industry while also considering factors such as growth in construction sector, extreme climatic conditions and growing population. We have provided accurate forecasting of the air conditioners market in GCC region, which would enable our clients to take better decisions while planning their strategy to achieve growth in GCC air conditioners market.

Sources For our study, the information was collected through primary research surveys from different manufacturers and distributors of air conditioners, followed by an exhaustive search of credible paid databases. Our team of analysts has then prudently evaluated all collected information and presented the same in chronological order to depict a meaningful and clear picture of air conditioners market in GCC region. In addition, while compiling data, we also cross checked all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of the concerned industry. We have also identified and analyzed all emerging trends, including important drivers and challenges that the industry is confronting. We have also presented segmental shares with forecasts, which are based on our in-depth analysis of market dynamics, prevalent trends, developments and opportunities, and performance of end user industries in air conditioners market in the GCC region.

Companies Interviewed

York, SKM, Zamil Air Conditioning, LG Electronics Gulf FZE, Toshiba Carrier Corporation, Daikin McQuay Middle East FZE, etc.

Secondary Sources

Building Services Research and Information Association (BSRIA), Saudi Standards, Metrology and Quality Organization, Company Annual Reports, News Articles, ITC Trade Map, World Weather Online, IMF, etc.

7 Š TechSci Research

Industry Brief Air Conditioners Market in GCC Set to Grow at CAGR 10% till 2021 Increasing construction activities due to upcoming mega events, rising disposable income coupled with growing urbanization to drive GCC air conditioners market through 2021 According to TechSci Research report, “GCC Air Conditioners Market By Product Type, By End Use Sector, By Country, Competition Forecast and Opportunities, 2011 – 2021”, GCC air conditioners market is forecast to grow at a CAGR of over 10% during 2016-2021, due to rising construction in the residential and commercial sectors, increasing disposable income and upcoming mega events such as FIFA World Cup 2022 in Qatar, World Expo 2020 in UAE, cultural and summer festivals in Bahrain, etc. Surging temperatures during summers and implementation of stringent government initiatives that only allow sales and imports of energy efficient air conditioners are anticipated to fuel demand for air conditioners in the GCC region over the next five years. Moreover, huge ongoing and upcoming infrastructure investments by various governments in the region is expected to positively influence the sales of air conditioners market in the region.

In 2015, split air conditioners dominated GCC air conditioners market. However, increasing number of hotels, restaurants, retail stores, etc., coupled with expansion of airport terminals is projected to increase the demand for chillers in the region through 2021. Total number of hotel rooms in GCC countries was around 490 thousand in 2015 and this is projected to reach 622 thousand rooms by 2020, thereby exhibiting a CAGR of around 5% during 20152020. Accounting for a revenue share of over 50%, Saudi Arabia dominated GCC air conditioners market in 2015, followed by UAE and Oman.

“Rising demand for air conditioners in the GCC countries can be attributed to extremely high temperatures, coupled with booming residential and commercial construction activities in GCC countries. Moreover, GCC is witnessing an increase in demand for air conditioners integrated with advanced air purification technology that aids in preventing indoor air pollution. High disposable income levels of consumers in the region and growing concerns regarding respiratory diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS) is also boosting adoption of these air conditioners with advanced air purification technology.’’, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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G C C A i r C o n d i t i o n e r s M a r k e t S i z e , B y Va l u e & Vo l u m e Qatar Imports/Export of Air Conditioners, By Value, 2010-2015 (USD Million)

Saudi Arabia

5.00% 4.00%

Oman

Exports(USD Million)

460 500 380 420 300 340 260 180 220 100 140

25

23 12

11

21 10

19

17

5

7

4

7

2012

2013

2014

2015

2016E 2017F 2018F 2019F 2020F 2021F Volume (Thousand Units)

23

2016E 2017F 2018F 2019F 2020F 2021F Volume (Thousand Units)

30%

30%

30%

30%

30%

30%

30%

30%

30%

30%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

20% 10%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

2011

2012

2013

2014

2015

2016E

2017F

2018F

2019F

2020F

2021F

30%

12

21 11

19 10

17

9

15 8

7

11

9 5

7 4

3

25

(Thousand Units), 2011-2021F

5

7.00

GCC Air Conditioners Market Share, By Product Type, By Value, 2011-2021F

Value (USD Million), By Volume

2

6.00

2011

Value (USD Million)

GCC Air Conditioners Market Size, By

1 3

5.00

9

Exports(USD Million)

Selling Price, 2011-2021F (USD per Unit)

Value (USD Million)

4.00

Million), By Volume (Thousand Units), 2011-2021F

GCC Split Air Conditioners Average

2011 2012 2013 2014 2015

3.00

3

Imports (USD Million)

2.00

GCC Window Air Conditioners Market Size, By Value (USD

5

3

2

1.00

2

3

0.00% 0.00

7

6

5

4

13

1 3

1

9

7

5

11

1.00% 15

15

Value, 2010-2014 (USD Million)

Kuwait

2.00%

UAE Air Conditioners Imports/Exports, By

Qatar

UAE

3.00% Imports (USD Million)

Bahrain

8

3

2

7

11

3

6.00%

6

5

4

Country, By Value, 2015-2021F

7.00%

9

1

7

5

11

9

15

13

GCC Air Conditioners Market Attractiveness Index, By

VRF

Window

Chiller

Split

Others

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Related Reports Global Air Conditioners Market Forecast and Opportunities, 2020 Global Air Purifiers Market Forecast and Opportunities, 2020 Saudi Arabia Air Conditioners Market Forecast and Opportunities, 2021

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