Africa Air Conditioner Market Analysis, 2021

Air conditioner in a central heating and cooling system that cools a space by eliminating heat and controlling the temperature & humidity of the air within that space.

Market Segmentation

Split Air Conditioner Acquired the Significant Market Share

Based on Product Type, Split Air Conditioner acquired a significant market share in the Africa Air Conditioner market in the previous few years. The deployment of split air conditioners in residential and small commercial buildings is burgeoning at a rapid pace. Split air conditioners, being cost-effective and easy to install, helps lower household energy expenditure. Moreover, the significantly rising housing development projects and the increasing adoption rate of Air Conditioners in the hospitality sector are crucial factors likely to accelerate the market growth in the coming years, states the author in their research report, Africa Air Conditioner Market Analysis, 2021.

According to the publishers' research report Africa Air Conditioner Market Analysis, 2021, the market is likely to grow at a CAGR of 7.5% during 2021-26. For reducing the energy footprint created by air conditioners, the demand for environment-friendly and energy-efficient air conditioners is increasing to reduce GHG emission and electricity consumption. Similarly, to curb greenhouse gas emissions by 40 million tons by 2040, strict air conditioning efficiency standards are being adopted by African countries. Moreover, as per the International Energy Agency, the electricity demand for air conditioners is likely to jump 10-fold across Africa by 2040.

Impact of COVID-19

The COVID-19 pandemic has adversely affected the Africa Air Conditioner market. Air conditioners have witnessed a significant decline in their demand due to the worldwide lockdown imposition, thereby interrupting the production & sales of air conditioners due to the closure of the manufacturing and disruptions in the income cycle of consumers. Besides this, a halt in various construction activities of hotels, restaurants, and other residential & commercial projects further hindered the market growth. However, with the lockdown upliftment, the market is reviving and shall grow significantly in the forecast years.

Competitive Landscape

According to the publishers, the key players with a considerable market share in the Africa Air Conditioner market include Airconditioning & Heating International Carrier Fzc, Daikin Middle East and Africa FZE, Samsung Electronics Co. Ltd., LG Electronics, Midea Middle East, Sharp Middle East Fze, Haier Electronics Group Co., Ltd., Dunham-Bush International (Africa) (PTY) Ltd, Trane Inc., Gree Electric Appliances, Inc. Of Zhuhai, etc.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Africa Air Conditioner Market?
2. What is the region-wise industry size, growth drivers, and challenges key market trends?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Africa Air Conditioner Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Africa Air Conditioner Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Africa Air Conditioner Market study?