Egypt to Continue its Dominance in Africa Air Conditioners Market until 2023
Improving GDP per capital, rising urbanization and booming construction projects
to drive Africa air conditioners market through 2023
According to TechSci
Research report, “Africa
Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2013 – 2023”, Africa air
conditioners market is projected to surpass $ 3.3 billion by 2023. Anticipated
growth of air conditioners market in Africa is expected to be propelled by various
factors such as increasing disposable income of citizens living in African
countries, rise in average temperature, and booming
construction sector along with growth in
organized retail and e-commerce industry. However, Africa air conditioners
market is an import driven market due to which prices of air conditioners are
on the higher side due to import duties on the international brands. Airconditioning & Heating International Carrier
Fzc, Daikin Middle East and Africa FZE, Samsung Electronics Co. Ltd, LG
Electronics, Midea Middle East, etc., were some of the leading
players in Africa air conditioners market in 2017, and these players are
expected to maintain their dominance during forecast period as well.
Browse 48 market data Figures and Tables spread through 80 Pages and an in-depth TOC on "Africa
Air Conditioners Market"
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Among countries, Egypt dominated Africa air
conditioners market with more than one-fourth of the volume share in 2017. Egypt
is anticipated to generate significant demand for air conditioners and is
likely to remain the dominant country till the end of 2023, on account of rising
number of construction projects in the country, especially in the commercial
sector. On the basis of type, Africa air
conditioners market is broadly categorized into 6 different types, namely, high
wall splits, windows, chillers systems, ducted systems, VRF systems and others.
High wall splits dominated Africa air
conditioners market in 2017 in volume terms. The concept of window air conditioners
is slowing down in African market as they are perceived as old-fashioned due to their limited functionalities. Consequently,
the volume share of window air conditioners is forecast to decline during
2018-2023.
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Among end
use sectors, residential segment dominated the Africa air conditioners market
in 2017 on the back of high demand for air conditioners by households.
Further, the demand for air conditioners like VRFs, Chillers
and Ducted splits is expected to rise from commercial/
industrial end use sector due to rising number of
construction projects in countries like Egypt, South Africa and Morocco. “Introduction
of new technologies in commercial air conditioners is likely to push demand for
air conditioners in the African region over the course of next five years.
Moreover, growing demand for air conditioners with air purification technology
keeping in view the deteriorating air quality would further steer growth in
Africa air conditioners market through 2023.” said Mr. Karan Chechi, Research Director with TechSci Research, a Research
based Global Management consulting firm.
“Africa Air
Conditioners Market By Product Type, By End Use Sector, Competition
Forecast & Opportunities, 2013 – 2023” has evaluated
the future growth potential of Africa air conditioners market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in Africa air conditioners market.
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