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Saudi Arabia Air Conditioner Market, By Product Type, By Distribution Channel, By End User Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • ID: 5585144
  • Report
  • April 2022
  • Region: Saudi Arabia
  • 115 Pages
  • Blueweave Consulting & Research Pvt Ltd

Saudi Arabia Air Conditioner Market is Forecast to Grow at a CAGR of 4.0% in the Forecast Period


Saudi Arabia air conditioner market is growing at a high CAGR because of the current scorching climatic conditions in Saudi Arabia, as well as their influence on individuals' health along with high disposable income, and the rising number of residential and commercial structures.

This recent study revealed that the Saudi Arabia air conditioner market is estimated to grow at a CAGR of 4.0% during the forecast period. The current scorching climatic conditions in Saudi Arabia, as well as their influence on individuals' health, are emerging as a primary driving force for market expansion. Furthermore, the region's high disposable income, as well as the rising number of residential and commercial structures, are expected to drive market expansion. However, the high maintenance cost of air conditioners may act as a huge restraining factor for the Saudi Arabia air conditioner market.

High Disposable Income of Consumers is Driving the Saudi Arabia Air Conditioner Market


The disposable income and purchasing power of the average consumer of Saudi Arabia is relatively high compared to other countries. This acts as a major driving factor for the growth of the Saudi Arabia air conditioner market. Therefore, the consumers are increasingly spending on the HVAC systems including air conditioners in their living spaces due to the harsh climatic conditions of Saudi Arabia. This is significantly propelling the demand for air conditioners in the country.

Increasing Establishment of Domestic Production Plants is Propelling the Saudi Arabia Air Conditioner Market Growth


Saudi Arabia is highly dependent on oil reserves for its economic growth. However, the government nowadays is increasingly focusing on the economic diversification of the country and making it self-reliant. As a result, it is pushing forward to establish production units in the country to meet the high-demand consumer goods and other industries including air conditioners. The domestic production of air conditioners is anticipated to lower its prices, boosting its market demand.

Saudi Arabia Air Conditioner Market - By End-User


Based on end-user, the Saudi Arabia air conditioner market is segmented into residential and commercial. In the Saudi Arabia air conditioner market, the residential sector has the largest market share. This is due to the region's hot climatic conditions, as well as customers' strong spending power. However, due to increased investment in commercial facilities such as hotels, retail malls, and office complexes, the commercial category is also seeing significant expansion.

Impact of COVID-19 on Saudi Arabia Air Conditioner Market


The unprecedented COVID-19 pandemic epidemic had severely affected the Saudi Arabia air conditioner business. This is due to the fact that during the lockdown, the key distribution channels for multi-brand retailers and exclusive businesses were closed. Due to government limitations, air conditioner imports were also temporarily banned, and domestic production was also hampered. Furthermore, the limited expansion of the Saudi Arabia air conditioner market is owing to a reduction in purchasing power of consumers due to the country's economic conditions being affected during the epidemic.

Competitive Landscape


The leading market players of the Saudi Arabia air conditioner market are AHI Carrier FZC, Airedale Air Conditioning, Al Salem Johnson Controls (York), Zamil Air Conditioner (ZAC), Daikin Air Conditioning Saudi Arabia LLC, Samsung Saudi Arabia, Fujitsu General (Middle East) FZE, S.K.M Air Conditioning LLC, LG Electronics Gulf FZE, and other prominent players.

The market is slightly consolidated with the presence of both multinational corporations and regional players. However, the consumers are more inclined towards multinational corporations such as LG and Samsung due to their longer warranties and higher quality. The companies constantly launch new products to grab consumer attention. They also significantly invest in advertising and marketing to create brand awareness. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don’t miss the business opportunity of the Saudi Arabia air conditioner market. Consult the report to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Saudi Arabia air conditioner market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the Saudi Arabia air conditioner market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


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1. Research Framework
1.1. Research Objective
1.2. Type Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia Air Conditioner Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape/Recent Development
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Saudi Arabia Air Conditioner Market Overview
5.1. Market Size & Forecast by Value, 2018-2028
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.1.1. Window AC
5.2.1.2. Split AC
5.2.1.3. Floor Standing AC
5.2.1.4. Cassette AC
5.2.1.5. Others
5.2.2. By Application
5.2.2.1. Residential
5.2.2.2. Commercial Building
5.2.2.3. Retail
5.2.2.4. Healthcare
5.2.2.5. Hospitality
5.2.2.6. Others
5.2.3. By Region
5.2.3.1. Northern Saudi Arabia
5.2.3.2. Southern Saudi Arabia
5.2.3.3. Eastern Saudi Arabia
5.2.3.4. Western Saudi Arabia
6. Competitive Landscape
6.1. List of Key Players and Their Offerings
6.2. Market Share Analysis, 2021
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Development (Merger, Acquisition, Partnership.)
7. Impact of COVID-19 on Saudi Arabia Air Conditioner Market Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
8.1. LG - Shaker Co. Ltd
8.2. Fujitsu General (Middle East) FZE
8.3. Carrier Saudi Services Company Ltd
8.4. S.K.M. Air Conditioning LLC
8.5. Al Salem Johnson Control (York)
8.6. GREE - BASIC ELECTRONICS COMPANY LTD.
8.7. Daikin Air Conditioning Saudi Arabia LLC
8.8. Zamil Air Conditioner Holding Company Ltd.
8.9. Dallah Trading Co. (Trane)
8.10. Petra Engineering Industries
8.11. Other Prominent Players
9. Key Strategic Recommendations
List of Figures
Figure 1 Saudi Arabia Air Conditioner Segmentation
Figure 2 Saudi Arabia Air Conditioner Market Value Chain Analysis
Figure 3 Porter’s Five Forces Analysis
Figure 4 Company Market Share Analysis, 2021
Figure 5 Saudi Arabia Air Conditioner Market Size, By Value (USD Million), 2018-2028
Figure 6 Saudi Arabia Air Conditioner Market Size, By Volume (Thousand Units), 2018-2028
Figure 7 Saudi Arabia Air Conditioner Market Share, By Type, By Value, 2018-2028
Figure 8 Saudi Arabia Air Conditioner Market Share, By Type, By Volume, 2018-2028
Figure 9 Saudi Arabia Air Conditioner Market Share, By Application, By Value, 2018-2028
Figure 10 Saudi Arabia Air Conditioner Market Share, By Application, By Volume, 2018-2028
Figure 11 Saudi Arabia Air Conditioner Market Share, By Region, By Value, 2018-2028
Figure 12 Saudi Arabia Air Conditioner Market Share, By Region, By Volume, 2018-2028
List of Tables
Table 1 Saudi Arabia Air Conditioner Market Size, By Type, By Value, 2018-2028
Table 2 Saudi Arabia Air Conditioner Market Size, By Type, By Volume, 2018-2028
Table 3 Saudi Arabia Air Conditioner Market Size, By Application Industry, By Value, 2018-2028
Table 4 Saudi Arabia Air Conditioner Market Size, By Application Industry, By Volume, 2018-2028
Table 5 Key Players and their Offerings
Table 6 Competitive Benchmarking, By Operating Parameters
Table 7 Merger Acquisition, Partnership, Joint-Ventures etc.
Table 8 LG - Shaker Co. Ltd. Company Overview
Table 9 LG - Shaker Co. Ltd. Financial Overview
Table 10 Fujitsu General (Middle East) FZE Company Overview
Table 11 Fujitsu General (Middle East) FZE Financial Overview
Table 12 Carrier Saudi Services Company Ltd Company Overview
Table 13 Carrier Saudi Services Company Ltd Financial Overview
Table 14 S.K.M. Air Conditioning LLC Company Overview
Table 15 S.K.M. Air Conditioning LLC Financial Overview
Table 16 Al Salem Johnson Control (York) Company Overview
Table 17 Al Salem Johnson Control (York) Financial Overview
Table 18 GREE - BASIC ELECTRONICS COMPANY LTD Company Overview
Table 19 GREE - BASIC ELECTRONICS COMPANY LTD Financial Overview
Table 20 Daikin Air Conditioning Saudi Arabia LLC Company Overview
Table 21 Daikin Air Conditioning Saudi Arabia LLC Financial Overview
Table 22 Zamil Air Conditioner Holding Company Ltd. Inc. Company Overview
Table 23 Zamil Air Conditioner Holding Company Ltd. Inc. Financial Overview
Table 24 Dallah Trading Co. (Trane) Company Overview
Table 25 Dallah Trading Co. (Trane) Financial Overview
Table 26 Petra Engineering Industries Company Overview
Table 27 Petra Engineering Industries Financial Overview
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