GCC Air Conditioner Market Size, Growth and Trends (2025-2032)

GCC Air Conditioner Market

Source: The Report Cube

Study Period

2020- 2032

Market (2023)

USD 4.1 Billion

CAGR

4.5%

Major Markets Players

LG Electronics, S.K.M. Air Conditioning, Gree Electric Appliances, Inc. , Carrier GCC Corporation, Daikin Industries, Ltd. and Others

Understand The Key Trends Shaping This Market

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GCC Air Conditioner Market Insights & Analysis

The GCC Air Conditioner Market was valued at USD 4.1 Billion in 2023 and is anticipated to register a CAGR of around 4.5% during the forecast period, i.e., 2025-32. Furniture improves people's lives by offering convenience, productivity, and a sense of security in both homes and workplaces. Additionally, furniture's aesthetic appeal has grown in popularity, driving up demand for contemporary and distinctive pieces including desks, beds, cabinets, tables, and chairs. To make these pieces, the furniture business uses a variety of materials, such as metal, wood, plastic, and more.

Several variables are driving the present demand in the Gulf countries' market. Some factors driving the industry's expansion include increasing consumer appetite for residential real estate, real estate development, and government programs to construct socioeconomic infrastructure. Since most furniture in the GCC is imported, the industry had to deal with a drop in imports from the majority of nations in 2020.

Furthermore, the swift progress in technology, urbanization, the expansion of the housing industry, and improved living standards have all contributed to the development of the GCC Air Conditioner Market by aggregating demand for comfort. Due to the unprecedented demand, the sector has become extremely competitive, with various firms vying for possible market share, which would significantly impact the industry's growth in the years to come.

GCC Air Conditioner Market Dynamics

Improved Living Standards & Increasing Temperature to Upscale the Demand for ACs

The heightened deployment of air conditioners on a massive scale can be attributed to the necessity for cooling in the GCC's hot and humid climate, as well as the boom in residential and commercial construction activities due to the rise in disposable income. The region's expanding hospitality sector is driving up demand for air conditioners in hotels and restaurants to give comfort to their guests.

The rapid development of energy-efficient air conditioning systems aligns with the region's sustainability goals, further propelling the growth of the GCC Air Conditioner Market. Furthermore, the presence of established market players in the region, along with their efforts to offer a variety of air conditioning solutions that cater to customer expectations, is poised to contribute significantly to the expansion of the GCC Air Conditioner Market in the forthcoming years.

GCC Air Conditioner Market Report and Forecast 2032

Rising Environmental Concerns to Limit the Market Growth

As the region focuses on sustainability, there is a growing concern about the environmental impact of air conditioning systems, particularly those that use refrigerants with high global warming potential (GWP). Hence, with the emergence of eco-friendly alternatives & transitioning to low-GWP refrigerants, the growth of the GCC Air Conditioner Market is estimated to be restricted. As traditional air conditioner contributes to increased carbon emissions & higher energy bills, the emergence of environmentally friendly alternatives would hinder market growth.

Growing Preference for Energy-Efficient & Smart Air Conditioning Solutions to Thrive the Market

Manufacturers have enhanced air conditioners significantly in response to rising awareness of excessive carbon emissions brought on by rapid technical breakthroughs. It is well known that these gadgets significantly elevate carbon emissions. The expansion of smart & energy-efficient air conditioners is the most recent trend in this area, and it is being heavily backed by several government programs that favor sustainable solutions. In the United Arab Emirates, for example, Daikin Middle East and Africa FZE hosted an event called "Towards a Sustainable Future" in 2023. The company's most recent cutting-edge energy-efficient and indoor air quality (IAQ) solutions were on display at the event.

The increasing need for air conditioners that offer cutting-edge features such as precise temperature control, monitoring capabilities, and energy efficiency in addition to cleaner air is what's causing this change in the air conditioning sector. This need is especially noticeable in the GCC nations, where energy-efficient air conditioners are becoming increasingly popular and driving the expansion of the GCC Air Conditioner Market.

GCC Air Conditioner Market Segment-wise Analysis

By Type:

Window AC
Split AC
Floor Standing AC
Cassette AC
Packaged AC
Ducted Split AC
Centralized AC

FCU/AHU
Chillers
VRF

Split & window air conditioners are anticipated to capture the potential share of the GCC Air Conditioner Market during 2025-32. These types of air conditioners are well-suited for smaller spaces within residential buildings, such as apartments, and involve minimal installation and structural modifications.

Moreover, they are preferred over cassette or centralized AC systems for small homes due to their convenience & cost-effectiveness. Additionally, their simplicity of cleaning, repair, and maintenance contributes to their broad popularity in the Gulf nations.

By End Users:

Residential
Commercial Buildings
Retail
Health Care
Hospitality
Government & Transportation
Oil & Gas
Others (Religious Institutions, etc.,)

The Commercial sector is poised to hold the dominating share in the GCC Air Conditioner Market from 2025 to 2032. This can be primarily attributed to the increasing influx of multinational companies and startups into the region, driven by favorable government policies aimed at attracting Foreign Direct Investments. This trend has led to the establishment of more corporate spaces and a growing demand for facility management services, consequently driving the sales of air conditioners.

Additionally, various governments in the region are focusing on extensive infrastructural development projects. These initiatives encompass the construction of airports, metro systems, railways, educational institutions, shopping malls, and more. The expansion of such facilities is contributing significantly to the demand for air conditioners within the commercial sector and, in turn, fueling the overall market growth.

Country-wise Projection of the GCC Air Conditioner Industry

The GCC Air Conditioner Market is geographically diversified, covering:

Saudi Arabia
The UAE
Qatar
Bahrain
Kuwait
Oman

The UAE intends to uphold its leadership in the Air Conditioner Market, capturing the largest share from 2025 to 2032. This can be majorly attributed to the strong government support, which includes favorable policies & initiatives focused on encouraging manufacturers to produce energy-efficient air conditioners equipped with advanced technologies.

Furthermore, the UAE's growing appeal as a hub for multinational companies & startups, coupled with a significant influx of tourists, is pushing the demand for air conditioners in various sectors, such as commercial, corporate, and hospitality. This amplified demand is driving the market's growth across the UAE.

What Does Our GCC Air Conditioner Market Research Study Entail?

The GCC Air Conditioner Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
The GCC Air Conditioner Market Research Report entails details about the most critical shifts in market share in the prominent regions.
Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

Introduction
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Import Export Statistics
List of Major Dealers and Distributors, By Country
1. Oman
2. Qatar
3. Bahrain
4. Kuwait
5. UAE
6. Saudi Arabia
Key Factors Influencing Purchase Decision
Key Strategies Adopted by Vendors/Companies to Boost Sales
Policy and regulatory Landscape, By Country
1. Oman
2. Qatar
3. Bahrain
4. Kuwait
5. UAE
6. Saudi Arabia
GCC Air Conditioner Market Overview (2020-2032)
1. Market Size, Value (in USD Millions)
2. Market Size, Units Sold (in Thousand)
3. Market Share, By Type
  1. Window AC
    1. Upto 1 Ton
    2. 1.1 to 2 Ton
    3. Above 2 Ton
  2. Split AC
    1. Upto 1 Ton
    2. 1.1 to1.5 Ton
    3. 1.6 to 2 Ton
  3. Cassette AC
  4. Packaged AC
  5. Ducted Split AC
  6. Centralized AC
    1. FCU/AHU
    2. Chillers
    3. VRF
  7. Others (Floor Standing/Portable AC, etc.)
4. Market Share, By End User
  1. Residential
  2. Commercial Buildings
  3. Retail
  4. Health Care
  5. Hospitality
  6. Government & Transportation
  7. Oil & Gas
  8. Others (Religious Institutions, etc.,)
5. Market Size, By Country
  1. UAE
  2. Qatar
  3. Bahrain
  4. Kuwait
  5. Oman
  6. Saudi Arabia
6. Market Share, By Distribution Channel
  1. Direct Sales
  2. Online Sales
  3. Hypermarket/Supermarket
  4. Authorized Store
7. Market Share, By Company
  1. Competition Characteristics
  2. Revenue Shares & Analysis
UAE Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Oman Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Kuwait Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Bahrain Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Qatar Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Saudi Arabia Air Conditioner Market Overview (2020-2032)
1. Market Size, By Value (in USD Millions)
2. Market Size, By Units Sold (in Thousand Units)
3. Market Share, By Type
4. Market Share, By End User
5. Market Share, By Sales Channel
6. Pricing Analysis
7. Market Share, By Region
Competitive Outlook (Company Profiles – Partial List)
1. LG Electronics
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
2. S.K.M. Air Conditioning
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
3. Gree Electric Appliances, Inc.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
4. Carrier GCC Corporation
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
5. Daikin Industries, Ltd.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
6. Mitsubishi Electric Corporation
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
7. Trane Technologies Company, LLC.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
8. Zamil Air Conditioners Holding Co. Ltd.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
9. Toshiba Gulf Fze
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
10. Others (Panasonic Marketing Middle East & Africa FZE, Samsung Gulf Electronics, Lennox EMEA, Haier Electronics)
Contact Us & Disclaimer

List of Figure

Figure 1: Product Definition Framework
Figure 2: Market Segmentation Overview
Figure 3: Study Variables Structure
Figure 4: Research Methodology Flowchart
Figure 5: Secondary Data Points Analysis
Figure 6: Companies Interviewed by Region
Figure 7: Primary Data Points Summary
Figure 8: Breakdown of Primary Interviews by Stakeholder Type

Figure 9: Market Drivers and Challenges Matrix
Figure 10: Opportunity Assessment Landscape
Figure 11: Recent Trends and Developments Timeline
Figure 12: Import Export Statistics, GCC Region

Figure 13: Major Dealers and Distributors by Country
Figure 14: Key Factors Influencing Purchase Decision
Figure 15: Vendor Strategies to Boost Sales

Figure 16: Policy and Regulatory Landscape by GCC Country

Figure 17: GCC Air Conditioner Market Size and Value (2020-2032)
Figure 18: Market Units Sold in GCC Region (2020-2032)
Figure 19: Market Share by Type – Window AC (GCC)
Figure 20: Market Share by Type – Split AC (GCC)
Figure 21: Market Share by Type – Other AC Types (GCC)

Figure 22: Market Share by End User Segment (GCC)
Figure 23: Market Size by Country (GCC)
Figure 24: Market Share by Distribution Channel (GCC)
Figure 25: Market Share by Company (GCC)
Figure 26: Competitive Landscape and Revenue Shares (GCC)

Figure 27: UAE Air Conditioner Market Overview
Figure 28: UAE Market Size by Value and Units Sold
Figure 29: UAE Market Share by Type
Figure 30: UAE Market Share by End User
Figure 31: UAE Market Share by Sales Channel
Figure 32: UAE Pricing Analysis
Figure 33: UAE Market Share by Region

Figure 34: Oman Air Conditioner Market Overview
Figure 35: Oman Market Size by Value and Units Sold
Figure 36: Oman Market Share by Type
Figure 37: Oman Market Share by End User
Figure 38: Oman Market Share by Sales Channel
Figure 39: Oman Pricing Analysis
Figure 40: Oman Market Share by Region

Figure 41: Kuwait Air Conditioner Market Overview
Figure 42: Kuwait Market Size by Value and Units Sold
Figure 43: Kuwait Market Share by Type
Figure 44: Kuwait Market Share by End User
Figure 45: Kuwait Market Share by Sales Channel
Figure 46: Kuwait Pricing Analysis
Figure 47: Kuwait Market Share by Region

Figure 48: Bahrain Air Conditioner Market Overview
Figure 49: Bahrain Market Size by Value and Units Sold
Figure 50: Bahrain Market Share by Type
Figure 51: Bahrain Market Share by End User
Figure 52: Bahrain Market Share by Sales Channel
Figure 53: Bahrain Pricing Analysis
Figure 54: Bahrain Market Share by Region

Figure 55: Qatar Air Conditioner Market Overview
Figure 56: Qatar Market Size by Value and Units Sold
Figure 57: Qatar Market Share by Type
Figure 58: Qatar Market Share by End User
Figure 59: Qatar Market Share by Sales Channel
Figure 60: Qatar Pricing Analysis
Figure 61: Qatar Market Share by Region

Figure 62: Saudi Arabia Air Conditioner Market Overview
Figure 63: Saudi Arabia Market Size by Value and Units Sold
Figure 64: Saudi Arabia Market Share by Type
Figure 65: Saudi Arabia Market Share by End User
Figure 66: Saudi Arabia Market Share by Sales Channel
Figure 67: Saudi Arabia Pricing Analysis
Figure 68: Saudi Arabia Market Share by Region

Figure 69: LG Electronics – Company Overview and Financials
Figure 70: S.K.M. Air Conditioning – Company Overview and Financials
Figure 71: Gree Electric Appliances, Inc. – Company Overview and Financials
Figure 72: Carrier GCC Corporation – Company Overview and Financials
Figure 73: Daikin Industries, Ltd. – Company Overview and Financials
Figure 74: Mitsubishi Electric Corporation – Company Overview and Financials
Figure 75: Trane Technologies Company, LLC. – Company Overview and Financials
Figure 76: Zamil Air Conditioners Holding Co. Ltd. – Company Overview and Financials
Figure 77: Toshiba Gulf Fze – Company Overview and Financials

List of Table

Table 1: Objective of the Study
Table 2: Market Segmentation Details
Table 3: Study Variables Description
Table 4: Secondary Data Sources
Table 5: Companies Interviewed by Category
Table 6: Primary Data Points Summary
Table 7: Breakdown of Primary Interviews by Role

Table 8: Market Drivers and Challenges Summary
Table 9: Opportunity Assessment Metrics
Table 10: Import Export Statistics by Country

Table 11: Major Dealers and Distributors by Country
Table 12: Key Factors Influencing Purchase Decision
Table 13: Key Strategies Adopted by Vendors/Companies

Table 14: Policy and Regulatory Landscape by Country

Table 15: GCC Air Conditioner Market Size and Forecast (USD Millions)
Table 16: GCC Market Units Sold Forecast (Thousands)
Table 17: Market Share by AC Type – Window AC (GCC)
Table 18: Market Share by AC Type – Split AC (GCC)
Table 19: Market Share by Other AC Types (GCC)

Table 20: Market Share by End User Segment (GCC)
Table 21: Market Size by Country (GCC)
Table 22: Market Share by Distribution Channel (GCC)
Table 23: Market Share by Company (GCC)

Table 24: UAE Air Conditioner Market Size and Forecast (USD Millions & Units)
Table 25: UAE Market Share by Type and End User
Table 26: UAE Market Share by Sales Channel
Table 27: UAE Pricing Analysis

Table 28: Oman Air Conditioner Market Size and Forecast
Table 29: Oman Market Share by Type and End User
Table 30: Oman Market Share by Sales Channel
Table 31: Oman Pricing Analysis

Table 32: Kuwait Air Conditioner Market Size and Forecast
Table 33: Kuwait Market Share by Type and End User
Table 34: Kuwait Market Share by Sales Channel
Table 35: Kuwait Pricing Analysis

Table 36: Bahrain Air Conditioner Market Size and Forecast
Table 37: Bahrain Market Share by Type and End User
Table 38: Bahrain Market Share by Sales Channel
Table 39: Bahrain Pricing Analysis

Table 40: Qatar Air Conditioner Market Size and Forecast
Table 41: Qatar Market Share by Type and End User
Table 42: Qatar Market Share by Sales Channel
Table 43: Qatar Pricing Analysis

Table 44: Saudi Arabia Air Conditioner Market Size and Forecast
Table 45: Saudi Arabia Market Share by Type and End User
Table 46: Saudi Arabia Market Share by Sales Channel
Table 47: Saudi Arabia Pricing Analysis

Table 48: Competitive Overview – Company Profiles Summary
Table 49: LG Electronics – Business Segments and Financial Highlights
Table 50: S.K.M. Air Conditioning – Business Segments and Financial Highlights
Table 51: Gree Electric Appliances, Inc. – Business Segments and Financial Highlights
Table 52: Carrier GCC Corporation – Business Segments and Financial Highlights
Table 53: Daikin Industries, Ltd. – Business Segments and Financial Highlights
Table 54: Mitsubishi Electric Corporation – Business Segments and Financial Highlights
Table 55: Trane Technologies Company, LLC. – Business Segments and Financial Highlights
Table 56: Zamil Air Conditioners Holding Co. Ltd. – Business Segments and Financial Highlights
Table 57: Toshiba Gulf Fze – Business Segments and Financial Highlights

Top Key Players & Market Share Outlook

LG Electronics
S.K.M. Air Conditioning
Gree Electric Appliances, Inc.
Carrier GCC Corporation
Daikin Industries, Ltd.
Mitsubishi Electric Corporation
Trane Technologies Company, LLC.
Johnson Controls International Plc.
Zamil Air Conditioners Holding Co. Ltd.
Toshiba Gulf Fze
Panasonic Marketing Middle East & Africa FZE
Samsung Gulf Electronics
Lennox EMEA
Haier Electronics
Fujitsu General (Middle East) FZE
others

Frequently Asked Questions

A. The GCC Air Conditioner Market is anticipated to register a CAGR of around 4.5% during the forecast period, i.e., 2025-32.

A. The improved living standards & increasing temperature to drive the market during 2025-32.

A. The growing preference for energy-efficient & smart air conditioning solutions is trending in the market.

A. The commercial sector acquired the highest share of the GCC Air Conditioner Market.

A. The rising environmental concern limits the GCC Air Conditioner Market growth through 2032.

A. The UAE demonstrates growth potential in the GCC Air Conditioner Market during the forecast period.

A. The leading players in the market are LG Electronics, S.K.M. Air Conditioning, Gree Electric Appliances, Inc., Carrier GCC Corporation, Daikin Industries, Ltd., Mitsubishi Electric Corporation, Trane Technologies Company, LLC., Johnson Controls International Plc., Zamil Air Conditioners Holding Co. Ltd., Toshiba Gulf Fze, Panasonic Marketing Middle East & Africa FZE, Samsung Gulf Electronics, Lennox EMEA, Haier Electronics, Fujitsu General (Middle East) FZE, and others

GCC Air Conditioner Market Report and Forecast 2032

GCC Air Conditioner Market Insights & Analysis

GCC Air Conditioner Market Dynamics

GCC Air Conditioner Market Segment-wise Analysis

Country-wise Projection of the GCC Air Conditioner Industry

What Does Our GCC Air Conditioner Market Research Study Entail?

Top Key Players & Market Share Outlook

Frequently Asked Questions

Q. What is the estimated CAGR of the GCC Air Conditioner Market during 2025-32?

Q. What are the key factors driving the GCC Air Conditioner Market during 2025-32?

Q. What are the major trends determining the growth of the GCC Air Conditioner Market?

Q. Which ‘End-user’ holds the largest market share?

Q. What are the possible aspects projected to impede the further expansion of the GCC Air Conditioner Market through 2032?

Q. Which "region" demonstrates growth potential in the GCC Air Conditioner Market during the forecast period?

Q. Who are the leading players in the GCC Air Conditioner Market during 2025-32?

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