Saudi Arabia Air Conditioner Market (2023-2029) | Size, Share, Revenue, Analysis, Forecast, Trends, Growth, industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Saudi Arabia Air Conditioner Market

The Saudi Arabia Air Conditioner Market is experiencing some developments and the sector has become one of the vital sectors in the country. The sector has seen enormous growth owing to its humid and hot climate. The rise in the adoption of advanced air conditioners with advanced features is among the notable trends in the market. Smart air conditioners are controlled remotely through voice assistants like Google Assistant and Alexa. They are also controlled by mobile applications. These devices are equipped with features like air quality monitors and temperature sensors. Rising trend towards models that are energy-efficiency save on electricity bills and also decrease carbon emissions. In the market, manufacturers are highly focused on research and development and they invest in it to produce units that are eco-friendly and operate using less power. Moreover, there is a rise in demand for portable air conditioning units, which helps in stimulating Saudi Arabia Air Conditioner Market Share. 

Topics Covered in The Saudi Arabia Air Conditioner (AC) Market

Saudi Arabia Air Conditioner (AC) Market is projected to grow over the coming years. Saudi Arabia Air Conditioner (AC) Market report is a part of our periodical regional publication Middle East Air Conditioner (AC) Market Outlook report. 6W tracks the air conditioner market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Air Conditioner (AC) Market outlook report annually.

Saudi Arabia Air Conditioner (AC) Market report comprehensively covers the market type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Air Conditioner (AC) Market Synopsis

Saudi Arabia Air Conditioner (AC) Market is expected to gain traction during the coming period on account of the increasing population and rising disposable income. The increasing development of infrastructure along with rising investment by the public and private sectors is fueling the growth of the market. Additionally, the establishment of government offices, shopping complexes, malls and hotels beholds the development of the market. The hot climate in the country coupled with rising disposable income is contributing to the growth of the market.

According to 6Wresearch, Saudi Arabia Air Conditioner (AC) Market size is projected to grow at a CAGR of 3.8% during 2021-2027. Saudi Arabia occupies 1st position in terms of the market size in the Middle East Air Conditioner Market. High per capita income coupled with increasing penetration towards a comfortable lifestyle is driving the growth of the market. The market is also driven by the increasing adaptation of Air conditioners as a need rather than a luxury. The growing hospitality sector is also adding to the development of the market. However, the market experienced a downfall due to the outburst of COVID-19. The nationwide lockdown led to the closure of manufacturing units causing hindrance in the production sector further beholds the negative growth of the market.

Market Analysis by Types

In terms of market by types, Centralized Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Ducted Air Conditioner is expected to have the fastest growth rate among all types.

Market Analysis by Application

In terms of application, Commercial & Retail dominates the market and is expected to remain in a dominant position in the coming years. However, Hospitality is expected to have the fastest growth rate among all applications.

COVID-19 Impact on Saudi Arabia Air Conditioner Market

The COVID-19 pandemic had a major impact on the Air Conditioner Market in Saudi Arabia on the back of the implementation of lockdown as well as social distancing measures, which led to a reduction in demand for ACs, especially from the commercial sector as people were spending more time at their homes, and they were allowed to work remotely. Commercial buildings were not allowed to operate and a number of construction projects were delayed, which led to a decrease in demand for air conditioners in the country. The tourism sector was also negatively affected by the pandemic attributed to the lockdown, which also resulted in reduced demand for air conditioners from hotels as well as other commercial establishments. With the gradual reopening of businesses, there was a rise in demand for air conditioners. 

Saudi Arabia Air Conditioner Industry: Key Players

Some of the key players in the Saudi Arabia Air Conditioner Industry are:

• LG Electronics Inc.
• Carrier Corporation
• Samsung Electronics Co. Ltd.
• Midea Group Co. Ltd.
• Daikin Industries Ltd.
• Johnson Controls International PLC
• Fujitsu General Limited
• Mitsubishi Electric Corporation
• Haier Group Corporation
• Gree Electric Appliances Inc.

These players offer a wide range of products that cater to different budgets and requirements of consumers. These key players with their strategies and planning are adding value to the Saudi Arabia Air Conditioner Market Growth.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Air Conditioner Market Outlook
• Market Size of Saudi Arabia Air Conditioner Market, 2020
• Forecast of Saudi Arabia Air Conditioner Market, 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Revenues & Volume for the Period 2017 - 2027
• Saudi Arabia Air Conditioner Market Trend Evolution
• Saudi Arabia Air Conditioner Market Drivers and Challenges
• Saudi Arabia Air Conditioner Price Trends
• Saudi Arabia Air Conditioner Porter's Five Forces
• Saudi Arabia Air Conditioner Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Room Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Ducted Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Ductless Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Centralized Air Conditioner for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Healthcare for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Commercial & Retail for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Transportation & Infrastructure for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Hospitality for the Period 2017 - 2027
• Historical Data and Forecast of Saudi Arabia Air Conditioner Market Revenues & Volume By Others for the Period 2017 - 2027
• Saudi Arabia Air Conditioner Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Application
• Saudi Arabia Air Conditioner Top Companies Market Share
• Saudi Arabia Air Conditioner Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Air Conditioner Company Profiles
• Saudi Arabia Air Conditioner Key Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Types

• Room Air Conditioner
• Ducted Air Conditioner
• Ductless Air Conditioner
• Centralized Air Conditioner

By Application

• Residential
• Commercial & Retail
• Healthcare
• Hospitality
• Transportation & Infrastructure
• Others