North African Air Conditioner Market to Record 5.55% CAGR through 2022, Says 6Wresearch in Its New Report Available at MarketPublishers.com12 Sep 2016 • by Natalie Aster
LONDON – Nowadays, North Africa is recognised as the main potential region in the overall MENA air conditioners market. The major growth drivers of the North African air conditioners market include increasing private and public investments, expanding infrastructure, rising incomes and rapidly growing population.
From 2010 till 2015, the majority of countries in the North African region (including Libya, Egypt, Sudan, etc.) experienced weak economic conditions owing to internal civil and social unrest, continuous currency depreciation, plunging oil prices and also insufficient investments. In such circumstances, the construction industry faced challenges, which hindered growth in the air conditioner market.
In the previous year, Egypt held the biggest volume and revenue share of the North African air conditioner market, followed by Algeria.
The North African air conditioner market will likely post healthy growth at a 5.55% CAGR through 2022. Strong demand for air conditioners in this region will come from commercial and residential sectors.
Topical report “North Africa Air Conditioner Market (2016-2022)” worked out by 6Wresearch provides access to reliable data on current, historical and forecast performance of the North African air conditioner market. It covers the major market growth influencing forces in detail as well as outlines top growth challenges and opportunities.
The research study presents a detailed market assessment on the basis of AC types, countries and applications. It touches upon the prevailing market development trends, points out lucrative growth areas, examines the market dynamics and also discusses the key aspects.
Future forecasts through 2022 are offered in this research publication.
Many other research reports by 6Wresearch are given in this catalogue.