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Is Climate Change the Sole Factor Driving the MEA Air Conditioner Market?

MEA Air Conditioner Market

Rise in temperatures and increase in number of mega events are major drivers for the MEA air conditioner market

Fears of climate change are peaking with global temperatures, and while governments discuss multilateral actions on climate change, the needs of the people need to be met on an immediate basis. Middle East & Africa (MEA) countries are expected to be badly hit and even as of today, the rise in temperatures are leading to promulgation of MEA air conditioner market. TechSci is at hand to discuss the various factor that play into a strong MEA air conditioner market.

Rise in Temperatures and its Impact on MEA Air Conditioner Market

A study conducted by Germany's Max Planck Institute for Chemistry has predicted that large parts of the Middle East and Northern Africa will become prone to overheating due to climate change, a problem that is significant for a region that traditionally faces extremely high temperatures. This combined with a rise in population and wages will definitely lead to a rise in demand for the MEA air conditioner market.

The study found that temperatures in these regions would not drop lower than 30 C at night during the warmest periods, with temperatures potentially hitting 46 C during the day. By the end of the century, ’midday temperatures’ on warm days could reach 50 C, with higher chances of heatwaves. Such changes would force citizens to stay indoors through most of the day, once again raising the importance of MEA air conditioner market.

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Major Events to Play a Role in MEA Air Conditioner Market

Perhaps the most significant event to take place in the region over the next few years is the 2022 FIFA World Cup. TechSci Research report “MEA Air Conditioner Market, Competition Forecast & Opportunities, 2012 – 2022” has predicted that such upcoming events will have a major impact on demand for MEA air conditioner market.

Construction for the same has been taking place on a war footing. Around 8 venues have been singled out for development, and all 8 venues will feature stadiums deploying cooling technology capable of reducing temperatures by up to 20 °C. Thus, not only will the stadiums promote businesses and services employing cooling technologies, the stadiums themselves are set to grow the MEA air conditioner market.

The World Cup set to be held in Qatar is just one small example that has been mentioned. Countries in the MEA region, especially in the Gulf, are using such events to boost infrastructure spending in their attempts to diversify their traditionally energy based economies. Such attempts at diversification are expected to bring more manufacturing and services into their respective nations. With increasing options for employment which will further raise discretionary income levels, MEA air conditioner market seems to have a very bright future in the region.

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Smart Air Conditioner Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Window AC, Split AC, Others), By Application (Residential, Industrial, Commercial), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By Region, By Competition,

Consumer Goods and Retail | Jun, 2024

Global Smart Air Conditioner Market continues to thrive due to factors such as rising consumer demand for energy efficiency and comfort, the integration of smart home ecosystems, and the influence of environmental regulations and incentives.

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