6Wresearch-GCC Air Conditioner Market (2016-2022)


GCC Region Emerging as a Key Region in Global Air Conditioner Market Led by Rising Investments, Surging Infrastructures and Host Region of International Events – 6Wresearch

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 have 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 6Wresearch, GCC Air Conditioner Market is projected to grow at a CAGR of 8.62% during 2016-22. Amongst all air conditioners, centralized air conditioners led the market and would contribute majorly during the forecast period. In GCC region, market for window air conditioners is expected to decline significantly due to changing building architecture and increasing penetration of air conditioners such as split, ducted and packaged units.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “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.”

“However, in the forecast period, higher growth in Qatar is anticipated owing to upcoming FIFA World Cup 2022. More than $300 billion is expected to be invested to build the infrastructures for the sporting event. Construction of hotels, malls, stadiums and public infrastructures such as airport and metro would bolster the air conditioners market demand,” Rajat further added.

According to Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch, “Residential, retail, hospitality and government & transportation applications accounted for key share of the market pie. Rising number of tourists and initiatives taken by the government to reduce the dependency on oil would encourage establishment of new industries, which would fuel the infrastructure development across various sectors.”

“Contribution from Oman and Bahrain is lower than other GCC countries, but possesses immense opportunities for the air conditioner market players. Air conditioners are either imported or assembled in the region due to lack of manufacturing ecosystems; however, this trend is likely to change in the forecast period,”Avishrant concluded.

GCC Air Conditioner Market (2016-2022)” provides in-depth analysis with 79 figures and 27 tables covered in more than 170 pages. The report estimates and forecast overall GCC Air Conditioners market by revenue, by types of air conditioners, by country and end user segment such as residential, hospitality, government & transportation, retail, commercial offices and others. The report also gives the insights on competitive landscape, market share by companies, company profile, recent trends and developments, market drivers and restraints.

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305
Advertisements

Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s