Room air conditioner acquired the largest revenue share in the Tanzania Air Conditioner Market – 6Wresearch.
In recent years, the Tanzanian government has placed a strong emphasis on infrastructure development and construction as a key engine of urban growth and financial stability, which acted as a catalyst for the growth of air conditioner market in the country. The Tanzania air conditioner market witnessed a decline in 2020 as a result of the covid-19 pandemic as supply chain got disrupted due to the movement restrictions imposed during the pandemic period. Moreover, the initiatives and projects under Tanzania Vision 2025 aim to develop several sectors across the country that includes hospitality, commercial and residential sectors in the country, thereby propelling the demand for air conditioners over the coming years.
According to 6Wresearch, the Tanzania Air Conditioner Market size is projected to grow at a CAGR of 5.5% in terms of revenue during 2021-2027. Tanzania Vision 2025, an economic development plan aims for economic restructuring of Tanzania, would foster the construction and infrastructure development across the country. The rapid expansion in infrastructure development and growing hospitality and residential sectors are anticipated to further propel the demand for air conditioners during the forecast period owing to increasing cooling requirements in new infrastructure projects.
By types, desktop segment accounted for highest share in 2021 owing to a sharp spike in demand for personal computers as companies opted work-from-home culture due to pandemic. Additionally, increasing demand from several sectors such as education sector, corporate sector due its portability and affordable pricing also contributed towards growth of the segment.
According to Srajan Yadav, Research Analyst, 6Wresearch, “By types, room air conditioner acquired majority of the revenue share in the air conditioner market in Tanzania on account of the higher penetration of room air conditioners in the residential as well as commercial segment. Room air conditioners are expected to maintain their dominance in the coming years on the back of rising demand from residential sector which would be further enhanced as a result of several residential projects in the development pipeline.”
“Tanzania air conditioner market (2021-2027F)” report provides an in-depth analysis with 27 figures and 09 tables, covered in 86 pages. The report estimates and forecast the Tanzania air conditioner market by types, applications and regions. Tanzania air conditioner market report provides an unbiased and detailed analysis of the on-going 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.