Saudi Arabia Residential AC Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Residential AC Market is estimated to reach USD 1.11 billion by 2033 with a CAGR of 6.72%.
The report includes an in-depth analysis of the Saudi Arabia Residential AC Market, including market size and trends, product mix, distribution channels, and supplier analysis. The ability to cool, heat, and ventilate the interior environment is made possible by air conditioning. Although the term "air conditioning" is most frequently used in relation to cooling, it is important for air conditioning systems to also control humidity and clean the air. In addition to circulating filtered air inside a constrained space and keeping dust or smoke from entering, the air conditioning system creates a comfortable environment that boosts human productivity. As a result, residential areas frequently employ these systems.
Market Opportunities and Challenges
- Opportunities: Increasing Technological Advancements: Technologies like anti-corrosion hydrophilic bluefin, copper condenser, indoor air quality, voltage fluctuation protection, dual inverter technology with acoustic jacket, humidity control using auto humid control and dry mode, and more are revolutionising air conditioners. As a result, industry players regularly add new technical innovations to their product line ups in order to keep up with consumer demand. These elements are anticipated to have a beneficial effect on the home air conditioner market globally.
- Challenges: Higher Maintenance Cost Limits the Market Growth: The higher maintenance costs, which lead to increased consumer spending on air conditioning, are one of the problems that impede the air conditioning business. The creation of several laws governing air conditioner design restricts the use of new technology in air conditioner design. For instance, it is illegal in the United Kingdom to service and maintain air conditioners that use R22R refrigerants. This makes it challenging for producers to move from the current R22R refrigerant in their manufactured items to the new refrigerants.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including Al Salem Johnson Controls, Carrier - Saudi Arabia, Daikin Air Conditioning Saudi Arabia LLC, Fujitsu General (Middle East) Fze, Gree Electric Appliances Inc. of Zhuhai, LG Electronics Saudi Arabia LLC, Midea Gulf, S.K.M. Air Conditioning LLC, Samsung Electronics Saudi Arabia Ltd., Zamil Air Conditioners, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Distribution Channel
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| Regions covered | Central, Eastern, Southern, Western
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| Companies Covered | Al Salem Johnson Controls, Carrier - Saudi Arabia, Daikin Air Conditioning Saudi Arabia LLC, Fujitsu General (Middle East) Fze, Gree Electric Appliances Inc. of Zhuhai, LG Electronics Saudi Arabia LLC, Midea Gulf, S.K.M. Air Conditioning LLC, Samsung Electronics Saudi Arabia Ltd., Zamil Air Conditioners, Others |
COVID-19 Impact on Saudi Arabia Residential AC Market
The Saudi Arabian residential air conditioning (AC) market was greatly damaged by the COVID-19 outbreak. The initial fall in demand for AC units was caused by limitations, economic uncertainty, and a slowdown in development projects. However, lockdowns and remote work forced people to spend more time indoors, which led to a rise in demand for home comfort products like AC systems. A rising understanding of the value of good indoor air quality also encouraged households to spend money on improved AC units with cutting-edge filtration and purification features. Although there were disruptions in the market, it ultimately showed resilience and adjusted to shifting customer requirements and priorities.
Key Target Audience:
- Appliance Retailers
- Home Inspectors
- Home Renovators and Remodelers
- Home Warranty Companies
- Homebuyers
- Homeowners
- HVAC Contractors
- Landlords and Property Managers
- Real Estate Developers and Builders
- Others
Our in-depth analysis of the Saudi Arabia Residential AC Market includes the following segments:
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By Type:
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Split
Window
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By Distribution Channel:
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E-Commerce
Multi-Brand Stores
Supermarkets/Hypermarkets
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Key Topics Covered in the Report:
- Saudi Arabia Residential AC Market Size (FY’2023-FY’2033)
- Overview of Saudi Arabia Residential AC Market
- Segmentation of Saudi Arabia Residential AC Market By Type (Split, Window, Others)
- Segmentation of Saudi Arabia Residential AC Market By Distribution Channel (E-Commerce, Multi-Brand Stores, Supermarkets/Hypermarkets, Others)
- Statistical Snap of Saudi Arabia Residential AC Market
- Expansion Analysis of Saudi Arabia Residential AC Market
- Problems and Obstacles in Saudi Arabia Residential AC Market
- Competitive Landscape in the Saudi Arabia Residential AC Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Residential AC Market
- Details on Current Investment in Saudi Arabia Residential AC Market
- Competitive Analysis of Saudi Arabia Residential AC Market
- Prominent Players in the Saudi Arabia Residential AC Market
- SWOT Analysis of Saudi Arabia Residential AC Market
- Saudi Arabia Residential AC Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1.2. Market segment analysis
2.1. Research data source
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Saudi Arabia Residential AC Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Saudi Arabia Residential AC Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Residential AC Market
7. Saudi Arabia Residential AC Market, By Type (USD Million)
7.1. Saudi Arabia Residential AC Market Value Share and Forecast, By Type, 2023-2033
8. Saudi Arabia Residential AC Market, By Distribution Channel (USD Million)
8.1. Saudi Arabia Residential AC Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.4. Supermarkets/Hypermarkets
9. Saudi Arabia Residential AC Market Forecast, 2019-2033 (USD Million)
9.1. Saudi Arabia Residential AC Market Size and Market Share
10. Saudi Arabia Residential AC Market, By Type, 2019-2033 (USD Million)
10.1. Saudi Arabia Residential AC Market Size and Market Share By Type (2019-2026)
10.2. Saudi Arabia Residential AC Market Size and Market Share By Type (2027-2033)
11. Saudi Arabia Residential AC Market, By Distribution Channel, 2019-2033 (USD Million)
11.1. Saudi Arabia Residential AC Market Size and Market Share By Distribution Channel (2019-2026)
11.2. Saudi Arabia Residential AC Market Size and Market Share By Distribution Channel (2027-2033)
12. Saudi Arabia Residential AC Market, By Region, 2019-2033 (USD Million)
12.1. Saudi Arabia Residential AC Market Size and Market Share By Region (2019-2026)
12.2. Saudi Arabia Residential AC Market Size and Market Share By Region (2027-2033)
13.1. Al Salem Johnson Controls
13.1.2. Financial outlook
13.1.4. Recent developments
13.2. Carrier - Saudi Arabia
13.2.2. Financial outlook
13.2.4. Recent developments
13.3. Daikin Air Conditioning Saudi Arabia LLC
13.3.2. Financial outlook
13.3.4. Recent developments
13.4. Fujitsu General (Middle East) Fze
13.4.2. Financial outlook
13.4.4. Recent developments
13.5. Gree Electric Appliances Inc. of Zhuhai
13.5.2. Financial outlook
13.5.4. Recent developments
13.6. LG Electronics Saudi Arabia LLC
13.6.2. Financial outlook
13.6.4. Recent developments
13.7.2. Financial outlook
13.7.4. Recent developments
13.8. S.K.M. Air Conditioning LLC
13.8.2. Financial outlook
13.8.4. Recent developments
13.9. Samsung Electronics Saudi Arabia Ltd.
13.9.2. Financial outlook
13.9.4. Recent developments
13.10. Zamil Air Conditioners
13.10.2. Financial outlook
13.10.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
