Middle East air conditioning market is forecast to grow at a significant growth rate during the forecast period. Hot climatic conditions, high urbanization, and high per capita disposable income are some of the major factors that are contributing to the market growth. Moreover, mega-events such as UAE World Expo 2020 and Football World Cup Championship 2022 are going to be held in the region which will significantly increasing construction activities for better facilities, which are driving the demand for the AC in this region. Climate change and significant expending by the government is also contributing to the growth of the market. For instance, in October 2019 the temperature in Qatar reached 46-degree centigrade due to which government installed air conditioning in the open air which includes streets and various markets. As per World Bank, Qatar has the highest per capita emission of greenhouse gases. Some of the other major countries contributing to the market include Saudi Arabia, UAE, Oman, Kuwait, Turkey, and Egypt. Saudi Arabia is expected to hold a major market share in the region.
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The market is segmented on the basis of application, type, and refrigerant type. By application, the commercial segment is expected to hold a significant market share. Most of the countries in the region are developing countries hence some relief as per the Montreal Protocol will be witnessed during the period. The companies which are contributing to the growth of the market include Benair Air Conditioning Co. LLC, Daikin Industries Ltd., ETA General Pvt. Ltd., Hitachi Ltd., LG Electronics Inc., Panasonic Corp., Samsung Electronics Co., Ltd., Toshiba Corp., Zamil Air Conditioners and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
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Middle East Air Conditioning Market Segmentation
By Application
· Residential
· Commercial
· Industrial
· Healthcare
· Institution
· Automotive
· Others
By Type
· Splits
· Rooftop
· Indoor Packaged
· Chillers
· VRF
· AHU/FCU
By Refrigerant Type
· HCFC
· HFC
· HFO
· Natural Refrigerant
Regional Analysis
· Saudi Arabia
· UAE
· Qatar
· Oman
· Kuwait
· Turkey
· Egypt
Rest of Middle East
Company Profiles
· Benair Air Conditioning CO.LLC
· Daikin Industries Ltd.
· ETA General Pvt. Ltd.
· Hitachi Ltd.
· LG Electronics Inc.
· Panasonic Corp.
· Samsung Electronics Co., Ltd.
· SKM Air Conditioning
· Toshiba Corp.
· Zamil Air Conditioners
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