UAE Air Conditioner Market to Register 6.1% CAGR through 2022, States 6Wresearch in Its In-demand Report Published at MarketPublishers.com03 Nov 2016 • by Natalie Aster
LONDON – The UAE is amid the key revenue generating country markets in the GCC air conditioner market. This domestic air conditioner market is driven by favourable government initiatives and ongoing improvements in the country’s infrastructure, especially in the run-up to World Expo 2020.
Moreover, as part of Abu Dhabi Economic Vision 2030, the UAE government is taking measures aimed at the increase of the non-oil share dependency up to 64% by the year 2030 through heavy investments in the areas of retail, real-estate, infrastructure, manufacturing, transportation and hospitality. These initiatives are expected to boost the construction of private and public infrastructure and, further, drive growth of the demand for air conditioners in UAE.
The country’s air conditioner industry is forecast to follow an upward trend, registering a CAGR of little over 6% from 2016 till 2022.
In the year 2015, the centralized air conditioner segment held the biggest revenue share of the whole UAE air conditioner market. During 2016-2022, considerable growth is expected to be recorded in the ducted air conditioner segment. Furthermore, owing to the enhancing demand for split air conditioners, the window air conditioner sub-segment of the room air conditioner segment is likely to shrink in the next five years.
Among the applications, the residential vertical grabbed the lion’s share of the entire UAE’s air conditioner market; it is forecast to maintain its leadership in the coming years.
Comprehensive research report “UAE Air Conditioner Market (2016-2022): Market Forecast and Competitive Landscape” drawn up by 6Wresearch provides a granular review of the UAE’s air conditioner market (by types, by segments and by regions). It traces the market dynamics, pays special attention to the current trends and future possible market opportunities, identifies high growth areas, examines the key market growth drivers, restraints and challenges. In addition, the competitive landscape is canvassed in detail in the report, and profiles of the 10 dominant market participants are also available here. This research report also comprises future projections for the UAE air conditioner market up till 2022.
Other new comprehensive research publications prepared by our market research partner 6Wresearch can be found at its page at MarketPublishers.com.