Saudi Arabia Air Conditioner Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Saudi Arabia Air Conditioner Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Saudi Arabia Air Conditioner market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Saudi Arabia Air Conditioner Reports Highlights

What is the size of the Saudi Arabia Air Conditioner Market?

The Saudi Arabia Air Conditioner Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. The growing commercialization, along with the diversification of the economy due to extensive development in residential, commercial, hospitality, and industrial sectors, is one of the few factors expected to drive the Saudi Arabia Air Conditioner market growth through 2028.

What do the growth prospects and trends look like in the Saudi Arabia Air Conditioner Industry?

Many clients are shifting to smart and energy-efficient technology in order to minimize energy consumption and enhance sustainability. Due to its improved monitoring and smart thermostats, the inbuilt system has gained traction over conventional systems, as the modern ones facilitate better temperature variability and cleaner air. Also, users can monitor these systems' performance in real-time using a mobile app. Backed by these benefits, the inclination for energy-efficient and advanced air conditioners has accelerated in the past few years and is likely to propel the industry forward in the forecast period.

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What Components are encompassed within Saudi Arabia Air Conditioner Market segmentation?

The report has divided the market into the following segments:

By Type

-Window AC

-Split AC

-Cassette AC

-Packaged AC

-Ducted Split AC

-Centralized AC

-Others (Floor Standing/Portable AC, etc.)

By End User

-Residential

-Commercial Buildings

-Retail

-Health Care

-Hospitality

-Government & Transportation

-Oil & Gas

-Others (Religious Institutions, etc.,)

By Region

-East

-West

-South

-Central.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-LG - Shaker Co. Ltd

-Fujitsu General (Middle East) FZE

-Carrier Saudi Services Company Ltd

-S.K.M. Air Conditioning LLC

-Al Salem Johnson Control (York)

-GREE - BASIC ELECTRONICS COMPANY LTD.

-Daikin Air Conditioning Saudi Arabia LLC

-Zamil Air Conditioner Holding Company Ltd.

-Dallah Trading Co. (Trane)

-Petra Engineering Industries

-Others.

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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