Saudi Arabia Air Conditioner Market Forecast & Opportunities, 2019

Nov, 29h 2014, Mumbai, India: Bharat Book Bureau presents the report, on “Saudi Arabia Air Conditioner Market Forecast & Opportunities, 2019”. Presently, the market is largely dominated by Korean companies such as LG, Samsung, etc., which predominantly operate through their distributor networks in Saudi Arabia.

Summary

Saudi Arabia is among the leading global markets for air conditioners. Extremely hot weather conditions and growing infrastructure development are the major factors driving the sales of air conditioners in the Kingdom. Saudi Arabia experiences scorching heat during summers, which lasts for around nine months in a year, thus making air conditioners more of a necessity product for consumers. Further, expansion and development of cities, growing number of high rise buildings, and launch of various government and private mega projects in hospitality, education, research and medical sectors is also propelling the demand for air conditioners in the Kingdom.

According to “Saudi Arabia Air Conditioner Market Forecast & Opportunities, 2019”, the Kingdom’s air conditioner market is forecast to surpass USD2.5 billion by the year 2019. Presently, the market is largely dominated by Korean companies such as LG, Samsung, etc., which predominantly operate through their distributor networks in Saudi Arabia. In addition to the room air conditioner segment, these companies are gradually increasing their focus on the country’s centralized air conditioning systems market. Cities such as Riyadh and Makkah are emerging as key markets for centralized air conditioning systems, supported by various infrastructure developments being undertaken in these cities. Other companies such as Daikin, Gree and Midea are also engaged in offering complete range air conditioning solutions and are targeting the market aggressively. “Saudi Arabia Air Conditioner Market Forecast & Opportunities, 2019” discusses the following aspects of the air conditioner market in Saudi Arabia:

• Saudi...