Climate change, increased infrastructure spending, and the government's increasing emphasis on economic diversification are the main factors driving the Saudi Arabian air conditioner industry. The government of Saudi Arabia is making significant investments in a number of current and upcoming projects, including Saudi Arabia Vision 2030, Neom, Qiddiya, and the construction of Jeddah Tower, which will increase demand for air conditioners in the coming years, particularly in the residential and commercial sectors. In order to enhance the nation's non-oil and gas industries, the government is aiming to expand the tourism and hospitality sectors as part of Vision 2030. By 2030, it is anticipated that Saudi Arabia will have built more than 500,000 residential homes, over 270,000 hotel rooms, and a sizable amount of commercial and retail space. Riyadh, Jeddah, and Makkah are just a few of the main Saudi cities whose infrastructure is developing quickly. These cities' target populations will greatly benefit from the innovative air conditioning solutions that these enterprises will be able to provide. Additionally, an increase in dwelling units and the rise of commercial and institutional areas are adding to market expansion. In Saudi Arabia, consumer choice has dramatically changed towards luxury housing items as a result of the adoption of a contemporary lifestyle and high disposable income. A large number of consumers will be drawn to the Saudi Arabian air conditioner market as a result of shifting consumer demand and the country's steadily rising temperature. On the other hand, in the next few years, the Saudi Arabian air conditioner market's expansion will be constrained by the expense of routine maintenance for the air conditioners. According to the research report "Saudi Arabia Air Conditioner Research Report, 2028," published by Actual Market Research, the Saudi Arabia Air Conditioner market is expected to reach a market size of more than USD 5 Billion by 2028. Saudi Arabia has been undergoing rapid urbanisation with the construction of new cities, housing complexes, commercial centres, and infrastructure projects. This urban growth has significantly increased the demand for air conditioning systems in both residential and commercial sectors. Saudi Arabia's population is steadily increasing, and the housing market is expanding to accommodate the growing number of residents. Each new residential unit and commercial building requires cooling solutions. The commercial sector, including office buildings, shopping malls, and hotels, relies heavily on air conditioning to create comfortable indoor environments for employees, customers, and guests. The hospitality industry, in particular, emphasises high-quality cooling solutions to attract tourists and business travelers. The adoption of smart and connected air conditioning systems is on the rise in Saudi Arabia. These systems offer remote control, energy management features, and the ability to integrate with home automation systems, enhancing convenience and efficiency.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleBased on the product types, they include window AC, portable AC, ductless multi-split AC, packaged AC, floor-mounted AC, central AC, variable refrigerant AC, and others. Among them, Central America is a growing market; Saudi Arabia's climate is characterised by extremely high temperatures, particularly during the summer months. Central air conditioning systems are well-suited to handle the cooling demands of large spaces and are capable of maintaining consistent comfort levels in extreme heat. Saudi Arabia has been rapidly urbanising and modernising its infrastructure. As a result, there is a growing need for efficient and effective cooling solutions in newly constructed residential and commercial buildings, including malls, offices, and hospitals, where central air conditioning systems can provide uniform cooling throughout the entire space. The commercial and industrial sectors in Saudi Arabia rely on central air conditioning to maintain optimal working conditions. Large office buildings, factories, warehouses, and industrial facilities benefit from the even distribution of cool air provided by central systems. According to the report, the end user is segmented into residential, commercial, and industrial; among them, commercial is a growing market. Saudi Arabia has witnessed significant economic growth in recent years, driven by diversification efforts and investments in various industries. This economic expansion has led to increased construction and the expansion of commercial spaces. The country is seeing the development of new commercial complexes, office buildings, shopping malls, hotels, and convention centers. These commercial developments require efficient and effective air conditioning systems to create comfortable indoor environments for employees, customers, and guests. Saudi Arabia has been actively promoting tourism and hosting international events, exhibitions, and conferences. As a result, the hospitality sector has grown, leading to a higher demand for air conditioning solutions in hotels, resorts, and convention centers. Based on the technology types, which include inverters and non-inverters, among them, the inverter leads the market. Inverter air conditioners are known for their energy efficiency. They adjust compressor speed and cooling capacity based on the required temperature, allowing them to operate at lower capacities when the desired temperature is near the set point. This results in reduced energy consumption and lower electricity bills, which is a significant consideration in Saudi Arabia, where cooling is a primary need. The energy-saving capabilities of inverter technology translate into cost savings for consumers and businesses. In a country with high cooling demands and electricity costs, the ability to reduce energy usage is a significant advantage. In terms of tonnage types, they include up to 2 tonnes, 2 tonnes to 5 tonnes, 5 tonnes to 10 tonnes, and more than 10 tonnes. In Saudi Arabia, up to 2 tonnes have the highest market share. In Saudi Arabia, residential spaces are a significant market segment for air conditioners. The majority of homes, apartments, and smaller living spaces are adequately cooled by AC units with capacities of up to 2 tonnes. These units are well-suited to maintaining comfortable temperatures in bedrooms, living rooms, and smaller living spaces, which are commonly found in residential settings. AC units with capacities of up to 2 tonnes are typically more affordable compared to larger systems. This affordability makes them accessible to a wider range of consumers, including households with moderate budgets. Smaller air conditioning units are often more energy-efficient, especially in situations where they are appropriately sized for the space they cool. This energy efficiency is appealing to consumers who want to keep their electricity bills manageable. Based on the distribution channel, which includes multi-brand stores, exclusive stores, online stores, and other channels, among the exclusive stores is the growing market. Exclusive stores often have specialised knowledge about air conditioning products, including various brands, models, and technologies. Customers value the expertise of sales representatives, who can provide detailed information and recommendations based on specific cooling needs. These stores can provide customised solutions to meet specific cooling needs. They can assess the requirements of homes or businesses and recommend systems that are tailored to the space, ensuring efficient and effective cooling.
Considered in this report: • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Saudi Arabia Air Conditioner market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product types • Window Ac • Portable Ac • Ductless Multi Split Ac • Packaged Ac • Floor Mounted Ac • Central Ac • Variable Refrigerant Ac • Others
By Tonnage Types: • Up to 2 Ton • 2 Ton to 5 Ton • 5 Ton to 10 Ton • More Than 10 Ton By Technology • Inverter ACs • Non-Inverter ACs By End Users • Residential • Commercial • Industrial By Distribution Channel • Multi-brand Stores • Exclusive Stores • Online • Other Channels The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Air Conditioner industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
We are friendly and approachable, give us a call.