Gcc Air Conditioner Market (2016-2022): Market Forecast by Air Conditioners Types, Applications and Countries

12 Feb, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.Com Presents a New Report On “GCC Air Conditioner Market (2016-2022): Market Forecast by Air Conditioners Types, Applications and Countries” Saudi Arabia and UAE are the leading revenue generating countries in GCC’s air conditioner market, where Saudi Arabia alone captured more than 45% of the overall market revenues.

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GCC region has become one of the most important regions for global air conditioner market players. Expansion of public and private infrastructures due to growing investments has led to the demand for air conditioners in the region. Further, host region of international events such as FIFA world cup 2022 and World Expo 2020 would significantly spur the market in the coming years. Additionally, rising population of expatriates is also driving the demand especially in residential application.

According to GCC Air Conditioner market is projected to grow at a CAGR of 8.62% during 2016-22. In the GCC market, centralized, split, packaged and ducted split ACs have together captured majority of the market share in 2015 and would lead through the forecast period. In the overall GCC air conditioner market, share of window AC is expected to decline.

Saudi Arabia and UAE are the leading revenue generating countries in GCC’s air conditioner market, where Saudi Arabia alone captured more than 45% of the overall market revenues.

Amongst all the applications, residential application has generated largest share of the market pie and would maintain its market leadership through the forecast period as well.

The report thoroughly covers the air conditioners market by types, applications, and countries. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers, which would help the stakeholders to decide and align...