Press Release

Booming Tourism and Hospitality Sector to Drive Air Conditioners Market in Saudi Arabia through 2022

Diversification in the economy of Saudi Arabia with rising investments in non-oil based sectors coupled with developing construction and hospitality & tourism industry is expected to drive Saudi Arabia air conditioners market through 2022

According to TechSci Research report, Saudi Arabia Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2022”, air conditioners market in Saudi Arabia is projected to cross $ 2.22 billion by 2022, on account of rising development in hospitality and tourism sectors coupled with booming construction industry. Moreover, the country experiences extreme climatic conditions, i.e., it has very high temperature during the day and faces a sudden dip in temperature at night, which further pushes the need for regulating temperature, hence demand for air conditioners in Saudi Arabia. Additionally, with the growing investment in industrial sector, Saudi Arabia air conditioners market is anticipated to witness higher demand from industrial set-ups in the coming years.

Browse 22 market data Tables and 60 Figures spread through 112 Pages and an in-depth TOC on "Saudi Arabia Air Conditioners Market"

On the basis of product type, Saudi Arabia air conditioners market can be broadly categorized into Light commercial air conditioners, VRF, Ductable Splits, Chillers and Others. Light commercial air conditioners have dominated the Saudi Arabia air conditioners market in 2016, and the segment is expected to dominate during the forecast period as well. However, VRF air conditioners are likely to witness an increase in demand during the forecast period, as they help in reducing carbon emissions and that is boosting their adoption. A large demand for air conditioners emanates from the commercial sector, which had the largest demand share among all end user segments in 2016. Further, with the growing investments, the commercial sector is anticipated to maintain its dominance during the forecast period as well. In terms of regions, Northern & Central region was the largest revenue contributor in Saudi Arabia air conditioners market in 2016.

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In 2016, Trane Inc. was the market leader in Saudi Arabia air conditioners market, followed by Al Salem York, Toshiba Carrier Corporation, LG Shaker Co. Ltd., Zamil Air Conditioners Holding Co. Ltd., Fujitsu Ltd., Gree Electrical Appliances Inc., and Samsung Electronics Co., Ltd. “Development in hospitality and tourism sectors in Saudi Arabia is expected to offer lucrative opportunities to air conditioner manufacturers over the next five years. Moreover, with rising concerns among people regarding the constantly deteriorating air quality, there is an increase in demand for environment-friendly air conditioners that have in-built air purifiers. Further, owing to increasing energy consumption in the country, there is a growing demand for energy-efficient air conditioners, which is contributing to the overall growth of air conditioners market in the country.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of Saudi Arabia air conditioners market and provides statistics and information on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Saudi Arabia air conditioners market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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