GCC Air Conditioner Market Overview
The GCC air conditioner market report thoroughly covers the market by country, type, and applications. The GCC air conditioner market outlook report provides an unbiased and detailed analysis of the GCC air conditioner market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
According to 6Wresearch, GCC Air Conditioner (AC) Market Size is projected to grow at a CAGR of 4.7% during 2019-2025. Government initiatives, such as Qatar National Vision 2030, Saudi Vision 2030, and Dubai Vision 2021 are expected to drive GCC Air Conditioner market revenue. By type, the centralized air conditioner segment accounted for the major GCC air conditioner market share in terms of revenues in 2018 owing to the high number of installations of chillers and VRFs due to major infrastructural projects in the commercial and hospitality sectors of the region.
GCC Air Conditioner Market is projected to register sound revenue in the coming timeframe on the back of the rising installation of the air conditioners with the growing industrial landscape in the developed and developing countries. Additionally, on the basis of the end-users, the retail sector is estimated to gain traction underpinned by an increase in the expansion of retail outlets like hypermarkets and supermarkets due to the growing population base is likely to instigate the installation of air conditioners in the retail outlets, as a result, it is estimated to bolster the GCC Air Conditioner Market Growth in the coming time zone.
Key Highlights of the Report:-
- GCC Air Conditioner Market Overview
- GCC Air Conditioner Market Outlook
- Market Drivers and Restraints
- GCC Air Conditioner Market Trends
- GCC Air Conditioner Market Overview on Competitive Benchmarking
- Competitive Landscape
- GCC Air Conditioner Market Share, By Players
- Company Profiles
- Key Strategic Recommendations
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