Report

Saudi Arabia Air Conditioner Market Report a

152 pages Sep 2024
Saudi Arabia Air Conditioner M

Saudi Arabia Air Conditioner Market Report and Forecast 2032

By Type (Window AC, Split AC, Cassette AC, Packaged AC, Ducted Split AC, Centralized AC, Others (Floor Standing/Portable AC, etc.)), By End User (Residential, Commercial Buildings,...Retail, Health Care, Hospitality, Government & Transportation, Oil & Gas, Others (Religious Institutions, etc.,)), By Region (East, West, South, Central) Read more

  • Consumer Goods & Services
  • Pages : 152
  • Sep 2024
  • Report Format :  

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Saudi Arabia Air Conditioner Market Insights & Analysis

The Saudi Arabia Air Conditioner Market was valued at USD 1.8 Billion in 2023 and is futher projected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-32.  The emphasis of the Saudi Arabia government on economic diversification, the growing infrastructure project spending, and transformation in the environment are the major drivers of the Saudi Arabia Air Conditioner Market. The pilgrimages from all across the globe visit Mecca, where they prefer to stay in air-conditioned temporary tents in the city of Mina. Hence, there is a great demand for ACs across the country. Also, as various people travel for the Hajj, hence the need for air conditioners would amplify in the forthcoming years.

Furthermore, the government is widely investing in varied projects, including Neom, Qiddiya, Saudi Vision 2030, and the development of the Jeddah Tower. These initiatives are projected to enhance the requirement for air conditioners in the future years. The nation’s shifting focus toward non-oil sectors, like retail, transportation, entertainment, leisure, and hospitality, is also estimated to elevate market growth.

Additionally, the government’s expenditures on affordable housing along with the growing number of residential units would probably increase demand for air conditioners. Concerns about sustainability & electricity prices are making smart ACs with high energy efficiency ratings more popular, which would likely fuel the Saudi Arabia Air Conditioner Industry growth in the following years.


Saudi Arabia Air Conditioner Market  Report and Forecast 2032

Saudi Arabia Air Conditioner Market Dynamics

  • Smart & Energy-efficient Technology Incorporation Drives Industry Growth

A lot of customers have switched to smarter, more energy-efficient devices to minimize energy usage and promote sustainability. Built-in systems, which include improved monitoring and smart thermostats, are gaining ground on traditional systems. Modern air conditioning systems are chosen because they provide better temperature control and air quality.

One notable advantage is that customers can utilize mobile apps to check the functionality of these systems in real time. These advantages have resulted in a growing preference for energy-efficient & innovative air conditioners in recent years, and this trend is projected to fuel the Saudi Arabia Air Conditioner Market expansion over the forecast period.

  • High Maintenance Costs to Negatively Affect Growth

The cost of residential air conditioning systems in Saudi Arabia typically falls within the range of USD 300 to USD 1,000, which is already a significant investment. However, the market faces a notable constraint in the form of maintenance costs associated with these systems. Mechanical failures are a common occurrence, leading to issues such as coil problems, cracks, ventilation and pipe leaks, and cooling fan failures, among others. Addressing these failures often requires component replacements and professional servicing, adding to the overall cost of ownership.

  • Increasing Religious Tourism in the Kingdom

The Saudi Arabian government has made religious tourism a higher priority, which has resulted in large investments in associated initiatives. Among these projects are the USD 16.5 billion Haramein high-speed rail link, which will connect Mecca & Medina, and the USD 26.6 billion Grand Mosque extension in Mecca. The goal of these programs is to increase religious tourism in the nation by accommodating the 25 million visitors per year that are anticipated to visit the holy site by 2025.

Hence, these advancements would make religious tourism an appealing prospect for major participants in the air conditioning installation industry, which could increase the Saudi Arabia Air Conditioner Market size in the coming years.

Saudi Arabia Air Conditioner Market Segment-wise Analysis

By Type:

  • Window AC
  • Split AC
  • Cassette AC
  • Packaged AC
  • Ducted Split AC
  • Centralized AC
  • Others (Floor Standing/Portable AC, etc.)

The Split Air Conditioner segment captured the potential share of the Saudi Arabia Air Conditioner Market in the past years, and this trend is expected to continue in the coming years as well. The Saudi Vision 2030 initiative includes the construction of a large number of residential complexes, attractive business offices, and retail stores. Thus, owing to this initiative, split air conditioners are in high demand, resulting in their widespread installation.

Furthermore, many organizations, like Samsung & Trane, have stopped producing window air conditioners, which has elevated demand for split air conditioners. Therefore, the total expansion of Saudi Arabia Air Conditioner Market has been facilitated by this change in the market’s dynamics.

By End Users:

  • Residential
  • Commercial
  • Healthcare
  • Government & Transport
  • Oil & Gas
  • Industrial
  • Equipment Rental Companies

The Residential sector is presumed to account for the biggest share of the Saudi Arabia Air Conditioner Market in the forecast years, owing to the hot climatic condition of the region & the customers’ strong purchasing power. However, with the risen investment in commercial facilities, like shopping malls, office buildings, etc., the commercial sector is also expected to witness significant growth.

What Does Our Saudi Arabia Air Conditioner Market Research Study Entail?

  • Saudi Arabia 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.
  • Saudi Arabia 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

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Key Factors Considered by Companies While Selecting a Vendor
  7. Saudi Arabia Air Conditioner Market Overview (2020-2032)
    1. Market Size (In USD Millions)
    2. Market Volume (In Thousand Units)
  8. Saudi Arabia Air Conditioner Market Size, By Type of AC (USD Million)
    1. Window AC
    2. Split AC
    3. Cassette AC
    4. Packaged AC
    5. Ducted Split AC
    6. Centralized AC
    7. Others (Floor Standing/Portable AC, etc.)
  9. Saudi Arabia Air Conditioner Market Size, By End User Industry (USD Million)
    1. Residential
    2. Commercial Buildings
    3. Retail
    4. Health Care
    5. Hospitality
    6. Government & Transportation
    7. Oil & Gas
    8. Others (Religious Institutions, etc.,)
  10. Saudi Arabia Air Conditioner Market Size, By Region (USD Million)
    1. East
    2. West
    3. South
    4. Central
  11. Saudi Arabia Air Conditioner Market Share, By Company (In Percentage)
    1. Competition Characteristics
    2. Revenue Shares & Analysis
  12. Saudi Arabia Window Air Conditioner Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Volume (In Thousand Units)
    3. By Capacity
      1. 1 Ton
      2. 1.1 to 2 Ton
      3. Above 2 Ton
    4. By End User
    5. By Top 3 Companies
  13. Saudi Arabia Split Air Conditioner Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Volume (In Thousand Units)
    3. By Capacity
      1. 1 Ton
      2. 1.1 to 2 Ton
      3. Above 2 Ton
    4. By End User
    5. By Top 3 Companies
  14. Saudi Arabia Packaged Air Conditioner Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Volume (In Thousand Units)
    3. By End User
    4. By Top 3 Companies
  15. Saudi Arabia Cassette Air Conditioner Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. Market Volume (In Thousand Units)
    3. By End User
    4. By Top 3 Companies
  16. Saudi Arabia Centralized Air Conditioner Market Overview (2020-2032)
    1. Market Size (in USD Millions)
    2. By Type
      1. Chillers/VRF
      2. AHU/FCU
      3. Other Components
    3. By Top 3 Companies
  17. Competitive Outlook (Company Profiles – Partial List)
    1. LG
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    2. Fujitsu General
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    3. Carrier
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    4. SKM
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    5. Johnson Control
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    6. Daikin
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    7. Zamil
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    8. Petra
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    9. Trane
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    10. Others
  18. Contact Us & Disclaimer

Companies Mentioned

  • LG
  • Fujitsu General
  • Carrier
  • SKM
  • Johnson Control
  • Daikin
  • Zamil
  • Petra
  • Trane
  • Others

Frequently Asked Questions

   A. The Saudi Arabia Air Conditioner Market was valued around 1.8 Billion is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2024-32.

   A. The incorporation of smart & energy-efficient technology to drive the Saudi Arabia Air Conditioner Market during 2024-32.

   A. High maintenance cost to impede the further expansion of the Saudi Arabia Air Conditioner Market through 2032.

   A. The Residential sector is expected to lead the Saudi Arabia Air Conditioner Market during the forecast period.

   A. LG - Shaker Co. Ltd, Fujitsu General (Middle East) FZE, Carrier Saudi Services Company Ltd, S.K.M. Air Conditioning LLC, Al Salem Johnson Control (York), GREE - BASIC ELECTRONICS COMPANY LTD., Daikin Air Conditioning Saudi Arabia LLC, Zamil Air Conditioner Holding Company Ltd., Dallah Trading Co. (Trane), Petra Engineering Industries, etc., are the major competitors in the Saudi Arabia Air Conditioner Market.