Saudi Arabia Air Conditioners Market Forecast and Opportunities, 2020 - Rising Penetration of District Cooling Technology
DUBLIN, July 17, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/lclsqd/saudi_arabia_air) has announced the addition of the "Saudi Arabia Air Conditioners Market Forecast and Opportunities, 2020" report to their offering.
Air conditioners market in Saudi Arabia is projected to grow at a CAGR of over 9% during 2015-20
Air conditioner sales in the country are being driven primarily by cities such as Riyadh, Madinah and Jeddah, due to high population density and increasing infrastructural development in these cities. Further, with increasing purchasing power, demand for advanced air conditioners equipped with new features such as air purification, app control, etc., is also growing. Split air conditioners segment was the largest revenue generator for the market in 2014, followed by Chillers and Window air conditioners. However, over the forecast period, Chillers are anticipated to witness rapid growth, overtaking Split air conditioners, to emerge as the leading segment by 2020.
Major companies operating in Saudi Arabia air conditioners market include Zamil, LG Shaker, Gree Electric, Samsung and Daikin.
Saudi Arabia is the largest country in the gulf region. The country witnesses an upsurge in the demand for air conditioners during the summer season as the temperatures shoot up to as high as 46o Celsius. On account of extreme climatic conditions, air conditioners have emerged as a necessity in Saudi Arabia. Consequently, the market for air conditioners in the country is anticipated to grow at a significant rate over the next five years.
Growing construction activities, which involve construction of new residential and commercial units, are expected to boost air conditioner installations in the country. Moreover, expansion and development of cities, increasing number of high rise buildings and launch of various government and private mega projects in hospitality and education sectors are also propelling the demand for air conditioners in Saudi Arabia.
Market Trends and Developments
- Air Conditioners with Air Purification Technology
- Introduction of Energy Efficient Air Conditioners
- Rising Penetration of District Cooling Technology
- Dominance of Overseas Manufacturers
- Growing Need to Reduce GHG Emissions
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Product Overview
4. Global Air Conditioners Market Overview
5. Saudi Arabia Air Conditioners Market Outlook
6. Saudi Arabia Residential Air Conditioners Market Outlook
7. Saudi Arabia Split Air Conditioners Market Outlook
8. Saudi Arabia Window Air Conditioners Market Outlook
9. Saudi Arabia Commercial Air Conditioners Market Outlook
10. Saudi Arabia VRF Air Conditioners Market Outlook
11. Saudi Arabia Chillers Market Outlook
12. Saudi Arabia Other Air Conditioners Market Outlook
13. Trade Dynamics
14. Policy & Regulatory Framework
15. Market Dynamics
16. Market Trends
17. Saudi Arabia Economic Profile
18. Competition Benchmarking
19. Competitive Landscape
20. Strategic Recommendations
Companies Mentioned
- Daikin Air Conditioning Saudi Arabia LLC
- Fujitsu General Ltd
- Gree Electric Appliances, Inc
- Haier Middle East Appliances
- Hitachi Ltd
- LG Shaker Co. Ltd
- Midea Group Co., Ltd
- Samsung Saudi Arabia Co. Ltd
- Toshiba Carrier Corporation
- Zamil Air Conditioners Holding Company Limited
For more information visit http://www.researchandmarkets.com/research/lclsqd/saudi_arabia_air
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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