January 08, 2021
According to the research report titled ‘UAE Air Conditioner Market Analysis, 2020’, available with Market Study Report LLC, UAE air conditioner market is predicted to expand with a CAGR of 4% between 2020 and 2025.
Flourishing tourism sector coupled with favorable regulatory outlook are some of the key factors driving the growth of UAE air conditioner market. Introduction of supportive government initiatives such as Ajman Strategic Plan for Tourism 2015-2021, Sharjah Tourism Vision 2021, and Dubai Tourism Strategy 2020 has resulted in rapid expansion of travel industry, further augmenting the demand for air conditioners across the UAE.
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By type, UAE air conditioner market is bifurcated into centralized AC, ducted split AC, packaged AC, cassette AC, floor standing AC, split AC, and window AC. The report cites that UAE air conditioner industry size from centralized AC segment is expected to grow considerably during the estimated timeframe. Focus among government entities towards infrastructural development of hospitality, retail and commercial establishments are fueling the segmental size.
The end-user scope of UAE air conditioner market consists of oil & gas, government & transportation, hospitality, healthcare, retail, commercial buildings, residential, and others. Among these, the report states that the residential, commercial and retail segments accounted for the largest market share and is likely to display similar growth trends in the ensuing years. Increasing infrastructural development of residential and commercial establishments have impelled the demand for air conditioners in the UAE, thereby favoring the overall market outlook.
As per sales channel, the market is segmented into authorized distributors, online, and direct sales. By region, the market is split into Sharjah & Northern Emirates, Dubai, and Abu Dhabi & Al Ain.
Super General, Midea Group, S.K.M Air Conditioning LLC, Mitsubishi Electric Corp., Daikin Industries Ltd., Samsung Electronics Co. Ltd., Gree Electric Appliances Inc., Carrier Global Corporation, Fujitsu General Limited, and LG Electronics Inc. are the key competitors in UAE air conditioner market.