Saudi Arabia Air Conditioner Market 2018-2024: Market Forecast by Types, Applications, Regions, and Competitive Landscape - ResearchAndMarkets.com
The "Saudi
Arabia Air Conditioner Market (2018-2024): Market Forecast by Types, by
Applications, by Regions, and Competitive Landscape" report has
been added to ResearchAndMarkets.com's offering.
Saudi Arabia air conditioner market is forecast to reach $1.3 billion by
2024.
Slumping oil prices and dependence of the country on oil sector majorly
impacted country's spending towards infrastructure development during
2014-17. Further, many of the projects during this period were delayed
or cancelled, which led to downfall of air conditioners market in Saudi
Arabia. However, with the recovery of oil prices in 2018 and ambitious
Saudi Vision 2030 plan to improve the economy would drive air
conditioner market especially in residential and commercial sectors.
In Saudi Arabia, centralized air conditioner segment has captured
majority of the market share in 2017, and would also lead during the
forecast period, where VRF segment is expected to witness key growth
over the forecast period.
Residential, commercial and retail applications garnered maximum revenue
share from air conditioner sales due to the rapid growth of large-scale
projects. Over the coming years, applications such as hospitality and
retail sectors are projected to grow at a relatively higher CAGR during
2018-24.
The report thoroughly covers the air conditioner market by AC types,
applications, and regions. The report provides an unbiased and detailed
analysis of the on-going trends, opportunities/high growth areas and
market drivers which would help the stakeholders to decide and align
their market strategies according to the current and future market
dynamics.
Markets Covered:
By Types
-
Window AC
-
Split AC
-
Ceiling Concealed
-
Packaged AC
-
Floor Standing
-
Suspended
-
Cassette
-
Centralized
-
VRF
-
AHU/FCU
-
Condensing Unit
-
Chiller
-
Others
By Applications
-
Residential
-
Commercial & Retail
-
Hospitality
-
Oil & Gas
-
Healthcare
-
Others
By Regions
-
Eastern
-
Western
-
Central
-
Southern
Companies Mentioned
-
AHI Carrier FZC
-
Al Salem Johnson Controls (York)
-
Daikin Air Conditioning Saudi Arabia LLC
-
Fujitsu General (Middle East) FZE
-
GREE Electric Appliances Inc.
-
LG Electronics Gulf FZE
-
Mitsubishi Electric Corporation
-
S.K.M Air Conditioning LLC
-
Trane INC.
-
Zamil Air Conditioner (ZAC)
For more information about this report visit https://www.researchandmarkets.com/research/znk9cq/saudi_arabia_air?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180927005842/en/
Copyright Business Wire 2018
Source: Business Wire
(September 27, 2018 - 3:08 PM EDT)
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