Astute Analytica reports that the global Air Conditioner Market. The global market will record a tremendous compound annual growth rate (CAGR) of ~8% during the study period, i.e., 2022-2027.
The report’s segmentation section focuses on each category while also identifying those with the greatest influence on the Air Conditioner Market. The segmentation provided the framework for locating businesses and assessing their financial health, product portfolios, and potential for future growth. In order to forecast the level of competition, the second step involved analyzing the core competencies and market shares of leading companies. To determine the size of the market as a whole, a bottom-up approach was adopted.
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According to this research, the GCC Air conditioner market size is projected to grow at a CAGR of 8% during 2021 – 2027. Government initiatives, such as Qatar National Vision 2030, Saudi Vision 2030 and Dubai Vision 2021 are expected to drive GCC Air Conditioner market forecast revenue. by type, centralized air conditioner segment accounted for major GCC air conditioner market share in terms of revenues in 2018 owing to a high number of installations of chillers and VRFs due to major infrastructural projects in commercial and hospitality sectors of the region.
The commercial, hospitality and transportation sectors of several GCC countries are expected to grow significantly during the forecast period as the social infrastructure segment in these countries is predicted to flourish over the coming years. Some of the key players in the GCC Air Conditioner market include – Carrie, Daikin, S.K.M., Trane, Mitsubishi, and York.
The GCC air conditioner market report thoroughly covers the market by countries, types, and applications. the GCC air conditioner market outlook report provides an unbiased and a detailed analysis of the GCC air conditioner market trends, opportunities, high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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GCC air conditioner market report provides a detailed analysis of the following market segments:
- Saudi Arabia
- United Arab Emirates
- Room AC
- Ducted AC
- Ceiling Concealed
- Rooftop Packaged
- Ductless AC
- Floor Standing
- Ceiling Suspended
- Centralized AC
- Condensing Unit
- Others (Evaporator Coils, Compressors, etc.)
- Commercial Offices & Retail
- Oil & Gas
- Others (Education, BFSI, etc.)
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