Product Code: ETC027779 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia split air conditioner market import shipment demonstrated a steady expansion with a CAGR of 5.60% from 2020 to 2024. Notably, there was a significant growth spurt with a 17.80% increase between 2023 and 2024, indicating an accelerating momentum in recent years. This trend suggests a robust and growing market demand for split air conditioners in Saudi Arabia.
Saudi Arabia Split Air conditioners Market is expected to witness significant growth during the forecast period 2025-2031. The growing demand for split air conditioners in residential, commercial and industrial sectors will fuel the market growth over the forecast period. Various factors such as rising disposable income, increasing awareness of energy efficiency, comfort features offered by split ACs and promotional schemes & discounts provided by vendors are driving demand for this product across Saudi Arabia.
The major drivers boosting the growth of Saudi Arabia split air conditioner market include increasing disposable income and rising temperature due to global warming. Rising urbanization coupled with changing lifestyle trends has resulted in increased spending on luxury products like air conditioning systems which will further increase the demand for these products in Saudi Arabia markets over coming years. Additionally, government initiatives towards modernizing existing infrastructure along with focus on energy efficient technologies have further augmented market penetration of split ACs across most parts of the region. Furthermore, advancements in compressor technology used in split ACs have made them more reliable while offering better cooling performance compared to traditional window AC; thus fuelling their adoption among end users.
The high cost associated with installation & maintenance of these units may limit its consumer base especially from low economic background households who cannot afford it easily; thereby restraining overall revenue generation opportunities available within this segment over next few years. Additionally, availability of counterfeit / fake products at cheaper prices poses a serious challenge to established players who offer genuine quality goods at relatively higher costs; thus hampering long term sustainability prospects within this industry vertical across Saudi Arabia regions till 2031.
The COVID-19 pandemic has had an adverse effect on global economies and industries, including air conditioning markets across Saudi Arabia as well. Manufacturing units have come to a standstill owing to lockdowns imposed by governments, resulting in decreased production capacities and supply chain disruptions globally at large. This has resulted in reduced availability, delayed deliveries and hence inflated prices of HVAC equipment leading to reduced consumer spending capacity. Additionally, with social distancing measures becoming increasingly stringent during 2025??s second quarter onwards, many commercial buildings that normally use central air conditioning systems have opted out or scaled down usage thereof among other cost cutting measures adopted by businesses worldwide amid worsening pandemic conditions; thus further impacting revenue generation prospects within this sector over short term outlook period through 2025/2025 end respectively.
Major players operating in the Saudi Arabia split ACs market include Daikin Industries Ltd., Gree Electric Appliances Inc., Mitsubishi Electric Corporation China Air Conditioner Co., Ltd., Johnson Controls International Plc., Panasonic Corporation Hitachi Ltd., LG Electronics Inc., Samsung Electronics Limited Carrier Global Corporation United Technologies Corp (Carrier).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Split Air conditioners Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Split Air conditioners Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Split Air conditioners Market - Industry Life Cycle |
3.4 Saudi Arabia Split Air conditioners Market - Porter's Five Forces |
3.5 Saudi Arabia Split Air conditioners Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Split Air conditioners Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Split Air conditioners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization in Saudi Arabia leading to higher demand for split air conditioners. |
4.2.2 Growing disposable income of the population, allowing for more spending on home appliances like air conditioners. |
4.2.3 Rising awareness about energy efficiency and environmental concerns, driving the demand for energy-efficient split air conditioners. |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to extreme weather conditions in Saudi Arabia. |
4.3.2 High initial costs associated with purchasing split air conditioners, hindering adoption rates. |
4.3.3 Competition from other cooling solutions such as central air conditioning systems or evaporative coolers. |
5 Saudi Arabia Split Air conditioners Market Trends |
6 Saudi Arabia Split Air conditioners Market, By Types |
6.1 Saudi Arabia Split Air conditioners Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Split Air conditioners Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Split Air conditioners Market Revenues & Volume, By Ductless, 2021-2031F |
6.1.4 Saudi Arabia Split Air conditioners Market Revenues & Volume, By VRF, 2021-2031F |
6.1.5 Saudi Arabia Split Air conditioners Market Revenues & Volume, By Ducted, 2021-2031F |
6.2 Saudi Arabia Split Air conditioners Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Split Air conditioners Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Saudi Arabia Split Air conditioners Market Revenues & Volume, By Commercial, 2021-2031F |
7 Saudi Arabia Split Air conditioners Market Import-Export Trade Statistics |
7.1 Saudi Arabia Split Air conditioners Market Export to Major Countries |
7.2 Saudi Arabia Split Air conditioners Market Imports from Major Countries |
8 Saudi Arabia Split Air conditioners Market Key Performance Indicators |
8.1 Average Energy Efficiency Ratio (EER) of split air conditioners sold in the market. |
8.2 Percentage of households with air conditioning in Saudi Arabia. |
8.3 Government regulations and incentives supporting the adoption of energy-efficient air conditioning technologies. |
9 Saudi Arabia Split Air conditioners Market - Opportunity Assessment |
9.1 Saudi Arabia Split Air conditioners Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Split Air conditioners Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Split Air conditioners Market - Competitive Landscape |
10.1 Saudi Arabia Split Air conditioners Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Split Air conditioners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |