Introduction

An air conditioner is a machine that handles air in a defined covered area through a refrigeration cycle in which warm air is removed and replaced with cooler air. An Air Conditioner eliminates the heat and moisture from the interior of an occupied space and makes the space cooler during extreme temperatures. Residential, commercial, and industrial end-users widely use the air conditioners. Various types of air conditioners that are available in the market includes central air conditioners, mini-split air conditioners, window units, and hybrid air conditioners.

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Key Saudi Arabia Air Conditioner Market Drivers

Saudi Arabia air conditioner market is primarily driven by changes in the climatic conditions, increasing investment in the infrastructure projects, and the rising emphasis of government on economic diversification. Saudi Arabia government is heavily investing in different ongoing and upcoming projects such as Saudi Arabia Vision 2030, Neom, Qiddiya, and the development of Jeddah tower, which will accelerate the demand for air conditioners, especially in the residential and commercial sector, over the coming years. As a part of Vision 2030, government is planning to boost the tourism and hospitality industry in the country, to strengthen its non-oil and gas sectors. It is estimated that more than 555,000 residential houses, over 275,000 hotel rooms and huge number of office and retail space are going to be constructed in Saudi Arabia by 2030 in the country. Since the climatic conditions in Saudi Arabia is harsh especially in summer seasons, where temperature can exceed 50* Celsius in some areas, demand for air conditioners is expected to rise significantly in coming years, which in turn will create lucrative growth opportunities for Saudi Arabia air conditioner market.

Rapid infrastructural development in major Saudi Arabian cities such as Riyadh, Jeddah, and Makkah, will provide enormous growth opportunities for air conditioner companies to provide advanced air conditioning solutions to the target customers in these cities. Moreover, increasing number of housing units, coupled with expansion of commercial and institutional spaces, are supplementing the market growth. With the adoption of modern lifestyle and high disposable income, the consumer’s preference has significantly shifted towards the luxury housing products across Saudi Arabia. This changing demand of customers coupled with the continuous rise in the temperature of Saudi Arabia will attract a large number of consumers towards the Air Conditioner market in the country. On the other hand, the regular maintenance cost of the air conditioners will hamper the growth of the Saudi Arabia Air Conditioner market over the coming years.

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Based on the type, the VRF systems segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for energy-efficient air conditioners among the target consumer to save energy and cost. The VRF system allows temperature control, easy installation, heating & cooling simultaneously and is cost-efficient with modular designs.

Based on the End-User, the commercial segment is expected to grow at a higher CAGR during the forecast period. The increasing commercial infrastructure projects across Saudi Arabia including the smart city project Neom, the Red Sea Project, Amaala, Qiddiya entertainment city, Jeddah Tower, King Abdulaziz Center for World Culture, Urban Heritage Administration Centre, and Makkah Museum, which will drive the demand for air-conditioner due to extreme climate conditions across the country.

Based on the distribution channel, the online segment is projected to grow at a higher CAGR during the forecast period owing to the easy availability of a wide range of products along with doorstep delivery and different mode of payment options such as cash on delivery, credit card, and debit card. In addition to this, the online distribution channel provides an easy comparison between different products with attractive discount offers, thereby boosting the demand for the Air Conditioner market in Saudi Arabia.

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Various notable players operating in the Saudi Arabia Air Conditioner market include AHI Carrier FZC, Al Salem Johnson Controls (York), Daikin Air Conditioning Saudi Arabia LLC, Fujitsu General (Middle East) FZE, GREE Electric Appliances Inc., LG Electronics Gulf FZE, Mitsubishi Electric Corporation, S.K.M Air Conditioning LLC, Trane Inc., Samsung Saudi Arabia, Zamil Air Conditioner (ZAC), Airedale Air Conditioning, among others.

The Saudi Arabia Air Conditioner market has been segmented based on Type, End-User, and Distribution Channel. Based on the Type, the market is segmented Room/Unitary Air Conditioners, Chillers, VRF Systems, Coolers, and Others. Based on the distribution channel, the market is segmented into Re Specialty Stores, Supermarkets/Hypermarkets, Online, and Others.

Key Developments:

• • In January 2019, Airedale International Air Conditioning, a major manufacturer of HVAC systems based out of United Kingdom signed a contract worth USD 1.26 million to supply air-conditioning systems for Saudi Arabia’s under-construction Riyadh Metro. The company will deliver the EasiCool line units for 176 Km long Riyadh Metro havincg 85 stations.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Air Conditioner market growing? What will be the trend in growth in the future?
  • What are the key drivers and restraints in the Saudi Arabia Air Conditioner market? What will be the impact of drivers and restraints in the future?
  • Which type of air conditioner generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various distribution channel of the Saudi Arabia Air Conditioner market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Type, By End-User, By Distribution Channel
Regional Coverage	Saudi Arabia
Companies Profiled	AHI Carrier FZC, Al Salem Johnson Controls (York), Daikin Air Conditioning Saudi Arabia LLC, Fujitsu General (Middle East) FZE, GREE Electric Appliances Inc., LG Electronics Gulf FZE, Mitsubishi Electric Corporation, S.K.M Air Conditioning LLC, Trane Inc., Samsung Saudi Arabia, Zamil Air Conditioner (ZAC), Airedale Air Conditioning; a total 12 of companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Air Conditioner Market by Type

• • Room/Unitary Air Conditioners
  • Chillers
  • VRF Systems
  • Coolers
  • Others

Saudi Arabia Air Conditioner Market by End-User

• • Residential
  • Commercial
  • Industrial
  • Automotive

Saudi Arabia Air Conditioner Market by Distribution Channel

• • Specialty Stores
  • Supermarkets/Hypermarket
  • Online
  • Others

Saudi Arabia Air Conditioner Market Leading market players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AHI Carrier FZC
  • Al Salem Johnson Controls (York)
  • Daikin Air Conditioning Saudi Arabia LLC
  • Fujitsu General (Middle East) FZE
  • GREE Electric Appliances Inc.
  • LG Electronics Gulf FZE
  • Mitsubishi Electric Corporation
  • S.K.M Air Conditioning LLC
  • Trane Inc.
  • Samsung Saudi Arabia
  • Zamil Air Conditioner (ZAC)
  • Airedale Air Conditioning