GCC Air Conditioner Market Growth Trends, Volume Insights &...

GCC Air Conditioner Market Growth Trends, Volume Insights & Outlook 2030

نشر بتاريخ 2025-10-23 06:06:19

Future GCC Air Conditioner Market: Key Dynamics, Size & Share Analysis

The GCC Air Conditioner Market was valued at around USD 3.9 billion in 2023 and is estimated to grow at a CAGR of around 5.0% during the forecast period, 2024-30.

Top Driver Impacting the GCC Air Conditioner Market Growth

Increased Construction Activities Driving Market Growth – GCC countries have launched multiple mega projects that will require efficient cooling solutions of different types. These mega projects include hotels, resorts, theatres, sports arenas, skyscrapers, museums, art galleries, and much more. These places will accommodate large crowds and will require efficient and powerful cooling solutions, which will significantly increase the demand for air conditioning systems.

The governments of GCC countries have also invested significantly in the development of the infrastructure in their respective countries. This development includes metro lines, large power plants, and new gas and oil fields among others. This will further increase the demand for cooling systems and augment the size & volume of the GCC Air Conditioner Market.

Moreover, according to the plans of GCC countries, there are over 700,000 houses to be built across the six countries of the GCC group to solve the housing problems and increase the ownership rate for houses. These newly built houses will contribute to the growth of the air conditioner industry. Additionally, the housing project and other mega projects will be carried out in phases which will ensure a constant demand for the air conditioner market players.

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Understanding the Core Segments in the GCC Air Conditioner Market

GCC Air Conditioner Market Size, Share & Industry Trends Analysis - By Type (Window AC [Upto 1 Ton, 1.1 to 2 Ton, Above 2 Ton], Split AC [Upto 1 Ton, 1.1 to1.5 Ton, 1.6 to 2 Ton], Floor Standing AC [Upto 2 Ton, Above 2 Ton], Cassette AC, Packaged AC, Ducted Split AC, Centralized AC [FCU/AHU, Chillers, VRF]), By End User (Residential, Commercial, Industrial, Hospitality), By Distribution Channel (Direct Sales, Online, Authorized Distributors) and others

Geographical Analysis of the GCC Air Conditioner Market

-By Region

The UAE
Saudi Arabia
Oman
Qatar
Bahrain
Kuwait

Among these countries, Saudi Arabia dominated the market for air conditioners. Saudi Arabia is the biggest country in the GCC group and the richest with a significant per capita income. Saudi Arabia is promoted as one of the most luxurious and exotic destinations.

Who Dominates the GCC Air Conditioner Market Insights on Key Industry Players?

Companies are strengthening their presence in the GCC Air Conditioner market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

LG Electronics
K.M. Air Conditioning
Gree Electric Appliances, Inc.
Carrier GCC Corporation
Daikin Industries, Ltd.
Mitsubishi Electric Corporation
Johnson Controls International Plc.
Zamil Air Conditioners Holding Co. Ltd.
Toshiba Gulf Fze
Panasonic Marketing Middle East & Africa FZE
Lennox EMEA
Fujitsu General (Middle East) FZE.
Others

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