Egypt Air Conditioner Market Size Set to Touch USD 1.6 Billion by 2029

Published | 28 September 2023

Egypt air conditioner market is gaining traction because of the dry, hot climate across the country, increasing disposable income among middle class, and rapid urbanization.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Egypt air conditioner market size at USD 1.06 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Egypt air conditioner market size to grow at a CAGR of 6.78% reaching a value of USD 1.58 billion by 2029. The country's shifting climate patterns and customers' rising disposable income are key growth drivers for the Egypt air conditioner market. The growth of the Egypt air conditioner market is also anticipated to be aided by the expansion of commercial and residential buildings as a result of infrastructure development.

Egypt Air Conditioner Market – Overview

An air conditioner is a device or system that lowers the temperature and regulates humidity in a confined room. These air conditioners do this via a variety of techniques, including passive cooling and ventilative cooling. They come in a range of sizes, from small models that are often used in cars and single rooms to larger models that are used to cool enormous buildings. There are several varieties of air conditioners available, including portable units, ducted central systems, mini-split and multi-split systems, etc.

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Egypt Air Conditioner Market

Segmental Information

Egypt Air Conditioner Market – By End User

Based on end user, the Egypt air conditioner market is segmented into residential, commercial, and industrial. The residential segment dominates the Egypt air conditioner market owing to the arid climate of the country. Egypt's weather is often hot, dry, and desert-dominated, with summer temperatures frequently reaching above 34°C (92°F). Furthermore, the increasing disposable income of consumers is further influencing the demand for air conditioners in the region. However, the commercial segment is projected to gain significant traction during the forecast period as well.

Impact of COVID-19 on Egypt Air Conditioner Market

The unprecedented COVID-19 pandemic hampered the growth of Egypt's air conditioner market. The country is primarily dependent on imports, particularly from mainland China, to meet its local demand for air conditioners in the country. However, a temporary halt in China's manufacturing operations and supply chain disruptions negatively impacted market growth. Furthermore, the loss of jobs during the COVID-19 pandemic affected the purchasing power of Egyptian consumers, which limited the overall market growth during the period. However, the restrictions on international trade increased the local manufacturing market for air conditioners, which is anticipated to boost the overall market growth during the post-COVID-19 period.

Competitive Landscape

Major players operating in the Egypt air conditioner market include Beko, Haier, Gree, Chigo, Samsung, LG, Voltas, Blue Star, Carrier, and TOYOTOMI. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Egypt Air Conditioner Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Egypt Air Conditioner Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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