Saudi Arabia Air Conditioners Market Forecast and Opportunities, 2020

July 21 2015- Mumbai, India: Bharatbook.com announces a report on “Saudi Arabia Air Conditioners Market Forecast and Opportunities, 2020” is projected to grow at a CAGR of over 9% during 2015-20.

Saudi Arabia (https://www.bharatbook.com/retail-market-research-reports-335714/saudi-arabia-air-conditioners.html) is the largest country in the gulf region. The country witnesses an upsurge in the demand for air conditioners during the summer season as the temperatures shoot up to as high as 46o Celsius. On account of extreme climatic conditions, air conditioners have emerged as a necessity in Saudi Arabia. Consequently, the market for air conditioners in the country is anticipated to grow at a significant rate over the next five years. Growing construction activities, which involve construction of new residential and commercial units, are expected to boost air conditioner installations in the country. Moreover, expansion and development of cities, increasing number of high rise buildings and launch of various government and private mega projects in hospitality and education sectors are also propelling the demand for air conditioners in Saudi Arabia.

According to “Saudi Arabia Air Conditioners Market Forecast & Opportunities, 2020”, air conditioners market in Saudi Arabia is projected to grow at a CAGR of over 9% during 2015-20. Air conditioner sales in the country are being driven primarily by cities such as Riyadh, Madinah and Jeddah, due to high population density and increasing infrastructural development in these cities. Further, with increasing purchasing power, demand for advanced air conditioners equipped with new features such as air purification, app control, etc., is also growing. Split air conditioners segment was the largest revenue generator for the market in 2014, followed by Chillers and Window air conditioners. However, over the forecast period, Chillers are anticipated to witness rapid growth, overtaking Split air conditioners, to emerge as the...