Market Forecast by (Room, Ductless (Floor Standing, Cassette, and Ceiling Suspended), Ducted (Roof Top Packaged and Ceiling Concealed), Centralized (Chiller, VRF, AHU/FCU, and Others), End Users (Residential, Hospitality, Commercial & Retail, Healthcare, Government & Transportation, Oil & Gas, and Others) and Countries (Egypt, Tunisia, Algeria, Morocco & Western Sahara, Sudan & South Sudan and Libya) and Competitive Landscape
During 2010-15, most of the North African countries such as Egypt, Libya, Sudan & Sudan have witnessed weak economic conditions due to internal social and civil unrest, plunging oil prices, continuous depreciation in the currency, and insufficient investments. As a result, the construction industry faced challenges, which affected the market growth of the air conditioner market.
North Africa Air Conditioner Market is projected to grow at a CAGR of 5.55% during 2016-2022. Demand for air conditioners in the coming years would be recorded from residential and commercial markets. In 2015, Egypt has contributed the major revenue and volume share followed by Algeria and others.
In the North Africa air conditioner market, the mini-split segment has dominated the overall market and is expected to maintain market dominance through the forecast period. Amongst all end users, residential acquired the largest revenue share in all the North African countries.
The report thoroughly covers the air conditioners market by AC types, applications, and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
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Media Courtesy : Open PR