GCC Air Conditioners Market, By Type (Centralized Ac, Split Ac, Window Ac, Packaged Ac, Portable Ac And Others), By Application (Residential & Commercial), By Country (Saudi Arabia, Uae, Kuwait, Qatar, Oman And Bahrain); Size And Forecast, 2014-2025
- Published Date: November 2018
- Report ID: BWC1843
- Available Format: PDF
- Page: 190
Report Overview
GCC Air Conditioners Market: Overview
GCC Air Conditioners market is expected to grow with a CAGR over 7.93% during the forecast period 2018-2025, owing to changing climatic conditions, and changing consumer lifestyle. The climate and weather in GCC are hot and dry, hot weather prevails throughout the year with the occasional rainfall in winter. The hot days/nights based on temperature thresholds reveals that summers are expanding and winters are shrinking. The increasing trend of intense heat may cause health problems in the region. The observed trend of temperature increase is alarming, thereby GCC region is likely to witness temperatures rise to 60 degrees in coming years, if GCC climatic change and urban planning problems are not resolved. Hence, air conditioners usage and demand in residential buildings is growing enormously, protecting people indoors, increasing people efficiency and reducing child mortality rate. Thus, with the increasing business sector demand for air conditioners will also grow at an escalating rate and will propel the GCC Air Conditioners market over the forecast period.
The weather in the Gulf Countries is so humid and hot that it is increasingly becoming impossible to live without air conditioners. Saudi Arabia and other developing countries are witnessing demand for air conditioners due to the growing business and residential sector.
GCC Air Conditioners Market Size, By Type, 2014-2025 (USD Billion)
GCC Air Conditioners Market: Key Product Analysis
Air Conditioners are segmented in various product types which include Centralised AC, Split AC, Window AC, Packaged AC, Portable AC, and Others.
· Centralized AC Market in GCC is expected to grow with a CAGR of over 7% during 2018-2025. Centralized AC is a system in which air is cooled at a central location and distributed to and from rooms by one or more fans and ductwork. It is mainly used in hospitals, schools, offices, hotels, factories, large commercial buildings, and industrial plants. etc.
· Window AC Market in GCC is the fastest growing and it is expected to grow with a CAGR of 8.7% during 2018-2025. Similar to Window AC, Portable ACs are another example of a “unitary” or self-contained air conditioning system. Portable ACs have all of their important components contained within one appliance. These units are most commonly used in situations where either the design of a room or building rules and regulations prevent the installation of a window unit.
· Split AC Market in GCC is expected to grow with a CAGR of over 8% during 2018-2025. Presently, the usage of Split ACs is more as compared to the conventional ACs owing to several benefits. split AC provides noise-free performance, enabling of a multi-split system which makes it simple to cool various rooms as one outdoor unit can support multiple various indoor air conditioning units., ease of installation and ease of service provided.
GCC Air Conditioners Market: Centralised AC Type Analysis
· VRF is the largest growing Centralized AC segment with a CAGR of over 8% over forecast period. Variable refrigerant flow (VRF) systems vary the flow of refrigerant to indoor units based on demand. This ability to control the amount of refrigerant that is provided to fan coil units located throughout a building makes the VRF technology ideal for applications with varying loads or where zoning is required.
· Chiller type Centralized AC is growing with a CAGR of 8.3% over 2018-2025. Centralized systems use “chillers” which are basically giant AC units but they work slightly differently because of their size. Chillers generate chilled water which is used to provide air conditioning in buildings.
· A fan coil unit (FCU) is a simple device consisting of a heating and/or cooling heat exchanger or ‘coil’ and fan. It is part of an HVAC system found in residential, commercial, and industrial buildings. A fan coil unit is a diverse device sometimes using ductwork and is used to control the temperature in the space where it is installed or serve multiple spaces. The Segment is growing with a CAGR of over 6%.
GCC Air Conditioners Market: Application Analysis
· Residential Applications of AC in GCC is growing with a CAGR of 6.9%. Residential HVAC systems are typically used in homes and possibly small businesses. These units are generally smaller and very less in terms of heating and cooling capacity. However, correctly sizing residential systems also requires knowledge and experience. Residential ACs usually come in standard central units hooked up to ducts, with the condenser placed outdoors and the evaporator indoors in the garage or basement.
· Commercial applications of AC in GCC is growing rapidly with a CAGR of over 10% over the forecast period. Commercial HVAC systems are used in office buildings, large retail stores, warehouses, and other large buildings. Commercial spaces are frequently much larger than residential spaces, and often serve a much greater number of people. Commercial HVAC units must be expertly sized to account for employees and customers during peak hours, and proper sizing requires a contractor with specialized technical skill and experience.
GCC Air Conditioners Market: Key Players
· Zamil Air Conditioners Holding Co. Ltd.
· LG Electronics Gulf FZE
· Daikin McQuay Middle East FZE
· Air-conditioning & Heating International Carrier FZC
· Gree Electric Appliances, Inc.
GCC Air Conditioners Market: Competitive Dynamics
The GCC Air Conditioners market is dominated by a number of players, amongst them the major players are Zamil Air Conditioners Holding Co. Ltd., Daikin McQuay Middle East FZE, LG Electronics Gulf FZE, Gree Electric Appliances, Inc., Air-conditioning & Heating International Carrier FZC, etc. Companies in this industry are following different strategies to strengthen their market position. For instance, In March 2017 LG along with their selected distributor Al Yousuf introduced the new technology air conditioners all across UAE. The products have their new inverter technology installed in them.
1. Research Framework
1.1. Market Definition and Product Overview
1.2. Market Segmentation
2. Research Methodology
3. Executive summary
4. Industry Insights
4.1. Industry Value Chain analysis
4.1.1. Vendor matrix
4.2. Industry impact and forces
4.2.1. Growth drivers
4.2.2. Restraints
4.3. Pricing Analysis
4.4. Technology Landscape
4.5. Regulatory framework
4.6. Company market share analysis,2017
4.7. Growth potential analysis,2017
4.8. Porter’s Five forces analysis
4.8.1. Bargaining Power of Suppliers
4.8.2. Bargaining Power of Buyers
4.8.3. Threat of Substitutes
4.8.4. Threat of New Entrants
4.8.5. Intensity of Rivalry
4.9. PESTEL analysis
5. GCC Air Conditioners Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (USD Million)
5.1.2. By Volume (Thousand Units)
5.2. Market Share & Forecast
5.2.1. By Types
5.2.1.1. Split AC
5.2.1.2. Window AC
5.2.1.3. Portable AC
5.2.1.4. Packaged AC
5.2.1.5. Centralized AC
5.2.1.6. Others
5.2.2. By Centralized AC Types
5.2.2.1. VRF (Variable refrigerant flow) or VRV (Variable refrigerant volume)
5.2.2.2. Chiller
5.2.2.3. FCU (Fan Coil Units)
5.2.3. By Application
5.2.3.1. Residential
5.2.3.2. Commercial
5.2.4. By Country
5.2.4.1. Saudi Arabia
5.2.4.2. UAE
5.2.4.3. Kuwait
5.2.4.4. Qatar
5.2.4.5. Oman
5.2.4.6. Bahrain
6. GCC Air Conditioners Market, By Types
6.1. Key AC Types Trends
6.2. Centralized AC
6.2.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.2.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.3. Split AC
6.3.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.3.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.4. Window AC
6.4.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.4.2. Market estimates & forecast, by country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.5. Packaged AC
6.5.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.5.2. Market estimates & forecast, by country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.6. Portable AC
6.6.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.6.2. Market estimates & forecast, by country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.7. Others (Geothermal Heating & Cooling, Through the Wall AC)
6.7.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
6.7.2. Market estimates & forecast, by country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7. GCC Air Conditioners Market, By Centralized AC Types
7.1. Key Centralized AC Type Trends
7.2. VRF
7.2.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7.2.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7.3. Chiller
7.3.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7.3.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7.4. FCU
7.4.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
7.4.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
8. GCC Air Conditioners Market, By Application
8.1. Key Application Trends
8.2. Residential
8.2.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
8.2.2. Market estimates & forecast, by Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
8.3. Commercial
8.3.1. Market estimates & forecast, By Value & Volume, 2014-2025,(USD Million) (Thousand Units)
8.3.2. Market estimates & forecast, By Country, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9. GCC Air Conditioners Market, By Country
9.1. Key Country Trends
9.2. Saudi Arabia
9.2.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.2.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.2.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.2.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.3. UAE
9.3.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.3.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.3.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.3.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.4. Kuwait
9.4.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.4.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.4.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.4.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.5. Qatar
9.5.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.5.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.5.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.5.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.6. Oman
9.6.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.6.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.6.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.6.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.7. Bahrain
9.7.1. Market estimates & forecast, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.7.2. Market estimates & forecast, By Type , By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.7.3. Market estimates & forecast, By Centralized AC Types, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
9.7.4. Market estimates & forecast, By Application, By Value & Volume, 2014-2025, (USD Million) (Thousand Units)
10. Company Profile
10.1. Daikin McQuay Middle East FZE
10.1.1. Company Overview
10.1.2. Financial Matrix
10.1.3. Key Product landscape
10.1.4. Key Personnel
10.1.5. Key Competitors
10.1.6. Contact Address
10.1.7. SWOT Analysis
10.1.8. Strategic Outlook
10.2. LG Electronics Gulf FZE
10.2.1. Company Overview
10.2.2. Financial Matrix
10.2.3. Key Product landscape
10.2.4. Key Personnel
10.2.5. Key Competitors
10.2.6. Contact Address
10.2.7. SWOT Analysis
10.2.8. Strategic Outlook
10.3. Air-conditioning & Heating International Carrier FZC
10.3.1. Company Overview
10.3.2. Financial Matrix
10.3.3. Key Product landscape
10.3.4. Key Personnel
10.3.5. Key Competitors
10.3.6. Contact Address
10.3.7. SWOT Analysis
10.3.8. Strategic Outlook
10.4. Zamil Air Conditioners Holding Co. Ltd.
10.4.1. Company Overview
10.4.2. Financial Matrix
10.4.3. Key Product landscape
10.4.4. Key Personnel
10.4.5. Key Competitors
10.4.6. Contact Address
10.4.7. SWOT Analysis
10.4.8. Strategic Outlook
10.5. Samsung Gulf Electronics FZE
10.5.1. Company Overview
10.5.2. Financial Matrix
10.5.3. Key Product landscape
10.5.4. Key Personnel
10.5.5. Key Competitors
10.5.6. Contact Address
10.5.7. SWOT Analysis
10.5.8. Strategic Outlook
10.6. Johnson Controls
10.6.1. Company Overview
10.6.2. Financial Matrix
10.6.3. Key Product landscape
10.6.4. Key Personnel
10.6.5. Key Competitors
10.6.6. Contact Address
10.6.7. SWOT Analysis
10.6.8. Strategic Outlook
10.7. Fujitsu General Middle East FZE
10.7.1. Company Overview
10.7.2. Financial Matrix
10.7.3. Key Product landscape
10.7.4. Key Personnel
10.7.5. Key Competitors
10.7.6. Contact Address
10.7.7. SWOT Analysis
10.7.8. Strategic Outlook
10.8. Gree Electric Appliances, Inc.
10.8.1. Company Overview
10.8.2. Financial Matrix
10.8.3. Key Product landscape
10.8.4. Key Personnel
10.8.5. Key Competitors
10.8.6. Contact Address
10.8.7. SWOT Analysis
10.8.8. Strategic Outlook
10.9. York Air-conditioning & Refrigeration FZE
10.9.1. Company Overview
10.9.2. Financial Matrix
10.9.3. Key Product landscape
10.9.4. Key Personnel
10.9.5. Key Competitors
10.9.6. Contact Address
10.9.7. SWOT Analysis
10.9.8. Strategic Outlook
10.10. Trane Middle East
10.10.1. Company Overview
10.10.2. Financial Matrix
10.10.3. Key Product landscape
10.10.4. Key Personnel
10.10.5. Key Competitors
10.10.6. Contact Address
10.10.7. SWOT Analysis
10.10.8. Strategic Outlook
10.11. SKM Air Conditioning L.L.C
10.11.1. Company Overview
10.11.2. Financial Matrix
10.11.3. Key Product landscape
10.11.4. Key Personnel
10.11.5. Key Competitors
10.11.6. Contact Address
10.11.7. SWOT Analysis
10.11.8. Strategic Outlook
10.12. Haier Electronics Middle East
10.12.1. Company Overview
10.12.2. Financial Matrix
10.12.3. Key Product landscape
10.12.4. Key Personnel
10.12.5. Key Competitors
10.12.6. Contact Address
10.12.7. SWOT Analysis
10.12.8. Strategic Outlook
Market Segmentation
1. Research Methodology
2. Regional Split of Primary & Secondary Research
3. Secondary Research
The research process began with obtaining historical market sizes of the entire GCC Air Conditioners market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.
The next step involved the study of present market environment that is influencing the GCC air conditioners market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.
4. Primary Research
Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global GCC air conditioners market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.
In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes
4.1 Breakdown of Primary Research Respondents, By Industry Participants
5. Market Size Estimation
Top-down approach has been followed to obtain the market size by country. Bottom-Up approach has been followed to obtain market size by type and by application.
An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.
6. Assumptions for the Study
- The macro-economic factors would remain same during the forecast period.
- The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.
7. Market Breakdown & Data Triangulation
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