Press Release

UAE Air Conditioners Market to Grow at CAGR 9% till 2021

Increasing disposable income, rising urbanization and growing residential, commercial as well as industrial infrastructure developments to drive UAE air conditioners market through 2021

According to TechSci Research report, UAE Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2011 - 2021, air conditioners market in the UAE is forecast to grow at a CAGR of over 9% during 2016-2021, on account of implementation of government initiatives to improve the country’s infrastructure, due to upcoming events such as World Expo 2020, Dubai Plan 2021 and Abu Dhabi Vision 2030. These developments are anticipated to drive infrastructural developments such as expansion of shopping malls, hotels and tourist sites, construction of residential spaces, stadiums, etc. New residential and commercial infrastructural developments is expected to steer demand for air conditioners in the UAE.

Browse 20 market data Tables and 46 Figures spread through 125 Pages and an in-depth TOC on "UAE Air Conditioners Market "

https://www.techsciresearch.com/report/uae-air-conditioners-market-by-product-type-split-window-vrf-chillers-and-others-by-end-use-sector-residential-commercial-industrial-and-institutional-competition-forecast-and-opportunities/854.html

UAE air conditioners market is dominated by split air conditioners, due to various features such as less operating noise, high effectiveness in extreme climate conditions, integration of latest technologies and high energy efficiency. Moreover, residential sector is the largest demand generator for air conditioners in the UAE, due to increasing population base and rising number of household units. Various measures are being adopted by the government to diversify into non-oil sectors by 2030 and increase investments in transportation, manufacturing, retail, hospitality and real estate sectors. Consequently, these initiatives are anticipated to boost construction of private and public infrastructure and drive sales of air conditioners in the country in the coming years. Abu Dhabi and Dubai are major cities that have witnessed growth in number of houses and gross leasable office area and this trend is anticipated to grow during the forecast period. Dubai, the most populous city in the UAE and comprises 50% of the total construction activities. One of the major ongoing projects in the city is “Dubai Creek Harbor” commenced by Dubai Holdings and Emaar Properties, consisting of 3,664 office units, 39,000 residential units and 22 hotels.

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“Demand for energy efficient air conditioners in the UAE is growing at a significant pace, on account of changing lifestyles, rapidly growing middle class population base, and robustly growing tourism and hospitality sectors in the country. Increasing investments being made by the government in the country’s residential and commercial sectors, and enforcement of various energy efficiency labelling standards are anticipated to drive demand for air conditioners in the UAE through 2021.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

UAE Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2011 - 2021 has evaluated the future growth potential of the UAE air conditioners market and provides statistics and information on market structure, size, and trends of UAE air conditioners market. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the UAE air conditioners market.

 

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