An air conditioner is a machine that handles air in a defined covered area through a refrigeration cycle in which warm air is removed and replaced with cooler air. An Air Conditioner eliminates the heat and moisture from the interior of an occupied space and makes the space cooler during extreme temperatures. Residential, commercial, and industrial end-users widely use the air conditioners. Various types of air conditioners that are available in the market includes central air conditioners, mini-split air conditioners, window units, and hybrid air conditioners.
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The major factors contributing towards the growth of the Saudi Arabia Air Conditioner market include the significant shift in the climatic conditions, the increasing investment in the development of infrastructure across Saudi Arabia, and the rising emphasis of government on economic diversification. The Saudi Arabian government is heavily investing in different ongoing and upcoming projects such as Saudi Arabia Vision 2030, Neom, Qiddiya, and the development of Jeddah tower, which will accelerate the demand for air conditioners, especially in the residential and commercial sector, over the coming years. Saudi Arabia Vision 2030 aims to enhance the economy by expanding the hospitality and tourism sector in the country. Moreover, the rapid infrastructural development in major Saudi Arabian cities such as Riyadh, Jeddah, and Makkah, will provide enormous growth opportunities for air conditioner companies to provide advanced air conditioning solutions to the target customers in these cities. The increasing number of housing units, along with the expansion of commercial and institutional spaces, will further complement the growth of the market in this region. With the adoption of modern lifestyle and high disposable income, the consumer’s preference has significantly shifted towards the luxury housing products across Saudi Arabia. This changing demand of customers coupled with the continuous rise in the temperature of Saudi Arabia will attract a large number of consumers towards the Air Conditioner market in the country. On the other hand, the regular maintenance cost of the air conditioners will hamper the growth of the Saudi Arabia Air Conditioner market over the coming years.
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Various notable players operating in the Saudi Arabia Air Conditioner market include 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., Samsung Saudi Arabia, Zamil Air Conditioner (ZAC), Airedale Air Conditioning, among others.
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The Saudi Arabia Air Conditioner market has been segmented based on Type, End-User, and Distribution Channel. Based on the Type, the market is segmented Room/Unitary Air Conditioners, Chillers, VRF Systems, Coolers, and Others. Based on the distribution channel, the market is segmented into Re Specialty Stores, Supermarkets/Hypermarkets, Online, and Others.
Key questions answered in this research report:
At what pace is the Saudi Arabia Air Conditioner market growing? What will be the trend in growth in the future?
What are the key drivers and restraints in the Saudi Arabia Air Conditioner market? What will be the impact of drivers and restraints in the future?
Which type of air conditioner generated maximum revenues in 2019 and identify the most promising products during the forecast period?
What are the various distribution channel of the Saudi Arabia Air Conditioner market, and how are they poised to grow?
What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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