Pakistan Air Conditioner Market to See 7.2% CAGR through 2023, Predicts 6Wresearch in Its Insightful Report Now Available at MarketPublishers.com24 Nov 2017 • by Natalie Aster
LONDON – Nowadays, Pakistan is viewed as one of the most promising markets for investments amid all countries in the Asia region. Over 2016-2017, Pakistan’s economy has demonstrated healthy growth at a CAGR of 5.3%.
Pakistan’s economic scenario is set to continue improving and strengthening in the foreseeable future on the back of escalating government expenditures on infrastructure development, remarkable uptake in domestic investments and increasing foreign direct investment.
From 2017 to 2023, the Pakistani air conditioner market is likely to rise at a 7.2% CAGR, owing to such favourable factors as rising disposable incomes, increasing middle class population and rising purchasing in the country.
Through 2023, the centralised air conditioner (especially the VRF) segment is forecast to see significant growth driven by the hike of construction activities in the country’s commercial sector.
During the recent past, the Pakistani air conditioner market has been led by the split air conditioner segment owing to strong demand from the country’s residential sector.
Punjab and Sindh are recognised as the leading revenue generating provinces in the Pakistani air conditioner market; these provinces are slated to maintain their leadership in the years ahead.
Insightful research report “Pakistan Air Conditioner Market (2017-2023):Market Forecast By Type, By Applications, By Regions, and Competitive Landscape” prepared by 6Wresearch provides a deep insight into the Pakistani air conditioner market. The report includes a holistic market segmentation analysis based on types and applications; reviews the market dynamics with a focus on the key market growth challenges and drivers. Moreover, the report highlights the current and emerging market trends and opportunities, examines the competitive landscape and presents a regional breakdown of the country’s market for air conditioners. Detailed future forecasts for the Pakistani air conditioner market up till 2023 are available here as well. Moreover, the publication includes 10 comprehensive profiles of the dominant companies engaged in Pakistan’s air conditioner industry.
Many other reports by 6Wresearch are at hand in its online catalogue at MarketPublishers.com.