The Saudi market has recently seen the introduction of new home-grown brands (Braira, Narcissus) and concepts as well as lifestyle hotels (aloft hotel, Riyadh) which were started in 2016. In 2011, there were only 800 economy hotel rooms and by 2016, the number increased to 1200 and further the hotel rooms are projected to reach 7600 by 2021. For more detail call us at +1 (613) 707-5086 or +91 120 4725470

1. marknteladvisors.com
GCC Air Conditioner Market
Analysis, 2020

2. Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 2
Document Outline
Table of Content
Market Segmentation, Scope of Work
05
Research Process & Methodology
Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research
Methodology, Forecasting
15
Introduction
About Us, Key Questions Answered In This Study
02
Sample Pages
GCC Air Conditioner Management Market Analysis, 2020
23
Commercials 51
Disclaimer 53

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Market Segmentation
• Window AC
• Split AC
• Packaged AC
• Ducted Split AC
• Cassette AC
• Floor Standing
• Centralized
• Chiller
• Air Cooler
• Water Cooled
• Condensing Unit/VRF
• AHU/FCU
GCC Air Conditioner Market Segmentation
• UAE
• Saudi Arabia
• Qatar
• Kuwait
• Oman
• Bahrain
• Residential
• Healthcare
• Commercial Buildings & Retail
• Govt. & Transportation
• Hospitality
• Oil & Gas
• Others
By Type
By Application By Country

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Table of Content (1/8)
Table of Content
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
2. Executive Summary
3. GCC Macro-Economic Indicators
4. GCC Air Conditioner Industry Analysis (2015-2025)
4.1. Industry Potential
4.1.1.Industry Revenues
4.2. Industry Segmentation & Revenue Shares
4.2.1.By Countries (UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain)
4.2.1.1. Industry Revenues by Countries
4.2.2.By End Users
4.2.3.By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
5. GCC Window Air Conditioner Industry Analysis (2015- 2025)
5.1. Industry Potential
5.1.1.Industry Revenues
5.1.2.Industry Volumes
6. GCC Split Air Conditioner Industry Analysis (2015- 2025)
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (2/8)
Table of Content
6.1.1.Industry Revenues
6.1.2.Industry Volumes
7. GCC Ducted Split Air Conditioner Industry Analysis (2015- 2025)
7.1. Industry Potential
7.1.1.Industry Revenues
7.1.2.Industry Volumes
8. GCC Packaged Air Conditioner Industry Analysis (2015- 2025)
8.1. Industry Potential
8.1.1.Industry Revenues
8.1.2.Industry Volumes
9. GCC Free Standing Air Conditioner Industry Analysis (2015- 2025)
9.1. Industry Potential
9.1.1.Industry Revenues
9.1.2.Industry Volumes
10. GCC Cassette Air Conditioner Industry Analysis (2015- 2025)
10.1. Industry Potential
10.1.1. Industry Revenues
10.1.2. Industry Volumes
11. GCC Centralised Air Conditioner Industry Analysis (2015- 2025)
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (3/8)
Table of Content
11.1.1. Industry Revenues
12. UAE Air Conditioner Industry Analysis (2015- 2025)
12.1. Industry Potential
12.1.1. Industry Revenues
12.2. Industry Segmentation and Revenue Share
12.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
12.2.2. By End User
12.2.2.1. Residential Air Conditioner Industry Revenues
12.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
12.2.2.3. Health Care Air Conditioner Industry Revenues
12.2.2.4. Hospitality Air Conditioner Industry Revenues
12.2.2.5. Government & Transportation Industry Revenues
12.2.2.6. Oil & Gas Industry Revenues
12.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
12.2.3. By Region
12.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
13. Saudi Arabia Air Conditioner Industry Analysis (2015- 2025)
13.1. Industry Potential
13.1.1. Industry Revenues
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (4/8)
Table of Content
13.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
13.2.2. By End User
13.2.2.1. Residential Air Conditioner Industry Revenues
13.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
13.2.2.3. Health Care Air Conditioner Industry Revenues
13.2.2.4. Hospitality Air Conditioner Industry Revenues
13.2.2.5. Government & Transportation Industry Revenues
13.2.2.6. Oil & Gas Industry Revenues
13.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
13.2.3. By Region
13.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
14. Qatar Air Conditioner Industry Analysis (2015- 2025)
14.1. Industry Potential
14.1.1. Industry Revenues
14.2. Industry Segmentation and Revenue Share
14.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
14.2.2. By End User
14.2.2.1. Residential Air Conditioner Industry Revenues
14.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (5/8)
Table of Content
14.2.2.4. Hospitality Air Conditioner Industry Revenues
14.2.2.5. Government & Transportation Industry Revenues
14.2.2.6. Oil & Gas Industry Revenues
14.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
14.2.3. By Region
14.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
15. Kuwait Air Conditioner Industry Analysis (2015- 2025)
15.1. Industry Potential
15.1.1. Industry Revenues
15.2. Industry Segmentation and Revenue Share
15.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
15.2.2. By End User
15.2.2.1. Residential Air Conditioner Industry Revenues
15.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
15.2.2.3. Health Care Air Conditioner Industry Revenues
15.2.2.4. Hospitality Air Conditioner Industry Revenues
15.2.2.5. Government & Transportation Industry Revenues
15.2.2.6. Oil & Gas Industry Revenues
15.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (6/8)
Table of Content
15.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
16. Oman Air Conditioner Industry Analysis (2015- 2025)
16.1. Industry Potential
16.1.1. Industry Revenues
16.2. Industry Segmentation and Revenue Share
16.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
16.2.2. By End User
16.2.2.1. Residential Air Conditioner Industry Revenues
16.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
16.2.2.3. Health Care Air Conditioner Industry Revenues
16.2.2.4. Hospitality Air Conditioner Industry Revenues
16.2.2.5. Government & Transportation Industry Revenues
16.2.2.6. Oil & Gas Industry Revenues
16.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
16.2.3. By Region
16.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
17. Bahrain Air Conditioner Industry Analysis (2015- 2025)
17.1. Industry Potential
17.1.1. Industry Revenues
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (7/8)
Table of Content
17.2.1. By Type (Window, Split, Packaged, Ducted Split, Cassette, Floor Standing, Centralized)
17.2.2. By End User
17.2.2.1. Residential Air Conditioner Industry Revenues
17.2.2.2. Commercial & Retail Air Conditioner Industry Revenues
17.2.2.3. Health Care Air Conditioner Industry Revenues
17.2.2.4. Hospitality Air Conditioner Industry Revenues
17.2.2.5. Government & Transportation Industry Revenues
17.2.2.6. Oil & Gas Industry Revenues
17.2.2.7. Other segment (Education, Industrial etc.) Industry Revenues
17.2.3. By Region
17.2.4. By Company, By Market Segment (Window, Split, Ducted, Packaged, Other Split, Chillers, VRF)
18. Industry Dynamics
18.1. Drivers
18.2. Challenges
18.3. Impact Analysis
19. Industry Trends & Development
20. GCC Air Conditioners Imports Exports Statistics
20.1. UAE
20.2. Saudi Arabia
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

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Table of Content (8/8)
Table of Content
20.3. Qatar
20.4. Kuwait
20.5. Oman
20.6. Bahrain
21. Market Attractive Indexing
21.1. By Country
21.2. By End Users
22. Policy & Regulatory Landscape, By Country
23. GCC Air Conditioners Industry Competition Outlook
23.1. Competitive benchmarking (Mapping top players in each country across various types of Air Conditioners offered)
23.2. Company Profiles
24. Disclaimer
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025

12. Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 12
Document Outline
Table of Content
Market Segmentation, Scope Of Work
05
Research Process & Methodology
Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research
Methodology, Forecasting
15
Introduction
About Us, Key Questions Answered In This Study
02
Sample Pages
GCC Air Conditioner Management Market Analysis, 2020
23
Commercials 51
Disclaimer 53

13. Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.
GCC Air Conditioners Industry Analysis, (2015-2025)

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3,460.61
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR
GCC Air Conditioners Industry Revenues, 2015-2025F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Revenue: 4.56%
Revenue: (XX)%
 Construction of new households, private business enterprises, new government and private buildings coupled with expansion of public
transportation network have boosted the demand for air conditioners in the GCC region.
 After a temporary slump in global crude oil prices, the regional economy registered a turnaround. In 2019, the GCC economy started to
recover on account of economic diversification led by all GCC countries. Also, countries has increased its investments into non oil sector as
a result of which there is an increased demand for air conditioners in all the GCC countries.
 Major reasons attributed to the growth are increased construction activities, FIFA world cup 2022, World Expo 2020, expansion of new
rail & metro, airports & ports, commercial spaces, etc.
Figure 1: GCC Air Conditioners Industry Revenues (USD Million), 2015- 2025F

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GCC Air Conditioners Industry Revenue Share, By Countries
Figure 2: GCC Air Conditioners Industry Revenues (USD Million) and Revenue Shares (In Percentage), By Countries
Source: MarkNtel Advisors
Saudi Arabia UAE Qatar
Kuwait Oman Bahrain
USD XX Million
XX%
USD XX Million
XX%
USD XX Million
XX%
USD XX Million
XX%
USD XX Million
XX%
USD XX Million
XX%

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GCC Air Conditioners Industry Revenue Share, By End User
Figure 3: GCC Air Conditioners Industry Revenue Share, By End User, 2019 & 2025F (In Percentages)
Source: MarkNtel Advisors
2019:
USD XX
Million
Residential
Commercial &
Retail
Healthcare
Government &
Transportation
Hospitality
Oil & Gas
Others
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%

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GCC Air Conditioners Industry Revenue Share, By Type
Figure 4: GCC Air Conditioners Industry Revenue Share, By Type, 2019 & 2025F
Source: MarkNtel Advisors
Chillers
Hi Wall Split AC
VRF
Ducted Split
Packaged AC
Window AC
Other Split (Cassette, Floor,
Ceiling suspended)
2019 2025
• In 2019, chillers and High Wall Split air conditioner market captured a major portion of the GCC market on account of increasing
number of commercial establishments such as new retails malls, expo’s, trade fairs, new hotels, airports expansion etc.
• There has been a shift in demand from window air conditioning units towards Split AC, Ducted Split Air Conditioners in residential
spaces, which has added to the growing demand for ducted air conditioners. There has been an shift from packaged air conditioners to
VRF as these are more reliable, economical and advanced. Chillers are more economical for larger spaces, whereas VRF are more
suitable for comparatively smaller area or spaces. In chillers segment air cooled chillers are ore prominent across GCC due to water
scarcity.

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Saudi Arabia Air Conditioner Industry Analysis (2015-2025)

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Saudi Arabia Air Conditioners Industry Revenues, 2015-2025F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Revenue: XX%
Revenue: (XX)%
• After a temporary slump in global crude oil prices, the Saudi government has increased its focus towards economic diversification. With
rising number of commercial and residential establishments demand for air conditioners is rising in the country.
• The country has around 5,000 construction projects underway worth USD820 billion. Few of the major projects includes expansion of
Grand Mosque in Makkah and mall of Saudi – An Narjis (Riyadh). The city of Makkah is also developing phase 2 of Makkah Residence
Hotel with an investment of around USD1.7 billion, which is projected to have around 3,000 five star rooms. With these massive
developments underway, there would be an increased demand for commercial air conditioning is the country.
• Jeddah also has infrastructure development underway with Jeddah downtown project worth USD2 billion, which is expected to have
around 12,000 new homes in city’s Corniche area by the end of 2022. These infrastructure developments would add to the growing
demand for air conditioners in the years to come.
Figure 5: Saudi Arabia Air Conditioners Industry Revenues (USD Million), 2015- 2025F
3,460.61
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR

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Saudi Arabia Air Conditioners Industry Revenue Share, By Type
Source: MarkNtel Advisors
2019 2025F
• Major reasons attributed to the growth are diversification of economy in line with country’s vision 2030. Few of the projects mentioned
below would facilitate air conditioners in the years to come.
• Al Faisaliya City, worth ~USD 25 Billion is proposed on the west coast of Mecca, which would facilitate 995,000 housing units, adding to
the growing demand for air conditioners. Other expansions are Dahiyat Al Fursan with a worth of around USD20 Billion and 100,000
houses and infrastructure works is due for completion by 2020.
• Few other massive developments include Al Ruwaid redevelopment, a Jeddah based project which is expected to be completed by 2030,
which includes transforming a slump area of 1,166,525 into an urban district. These developments are expected to a have an increase in
demand for air conditioners.
Figure 6: Saudi Arabia Air Conditioners Industry Revenue Share, By Type, 2019 & 2025F
Hi Wall Split AC
Chillers
Packaged AC
Window AC
Ducted Split
VRF
Other Split (Cassette, Floor,
Ceiling Suspended)

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Saudi Arabia Air Conditioners Industry Revenue Share, By Chillers Type
Source: MarkNtel Advisors
2019 2025F
Figure 7: Saudi Arabia Air Conditioners Industry Revenue Share, By Chillers Type, 2019 & 2025F
Air Cooled
Water Cooled
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
Air Cooled Water Cooled
CAGR
CAGR
Figure 8: Saudi Arabia Air Conditioners Industry Revenue Share, By Chillers Type, 2019 & 2025F
Air: (XX)%
Water: (XX)%
Air: XX%
Water: (XX)%

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Saudi Arabia Air Conditioners Industry Revenue Share, By End User
Figure 9: Saudi Arabia Air Conditioners Industry Revenue Share, By End User, 2019 & 2025F (In Percentages)
Source: MarkNtel AdvisorsSource: MarkNtel Advisors
2019:
USD XX
Million
Residential
Commercial &
Retail
Healthcare
Government &
Transportation
Hospitality
Oil & Gas
Others
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%

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Saudi Arabia Residential Air Conditioners Industry Revenues, 2015-2025F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Revenue: XX%
Revenue: (XX)%
• Economic slowdown resulted the residential air conditioner market to decline during 2015-17. With recovering oil prices, the Saudi
Arabian government gave allowance to many commercial and residential projects, which are further projected to add to the growing
demand for air conditioner.
• In 2017, the Real-Estate Development Fund and MOH (Ministry of Housing) allotted over 2,83,000 houses to facilitate home ownership in
Saudi Arabia, which further encouraged the demand for air conditioner. In addition, the government of Saudi Arabia launched Ninth batch
of Saudi Sakani program in January 2019, which aims at providing residential units to help citizens own suitable housing solutions.
• A large number of ongoing and upcoming planned residential projects across Saudi Arabia would help gaining the market for air
conditioners through 2025.
Figure 10: Saudi Arabia Residential Air Conditioners Industry Revenues (USD Million), 2015- 2025F
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR

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Saudi Arabia Hospitality Air Conditioners Industry Revenues, 2015-2025F
Source: MarkNtel Advisors, E: Estimated, F: Forecast
Revenue: XX%
Revenue: (XX)%
• Growing number of tourists and rising demand for hotels are projected to have an increase in demand for air conditioners. The hospitality
air conditioners market in 2019 was USDXX million and further the market is forecast to grow at a CAGR of XX% during 2019-24.
• The Saudi market has recently seen the introduction of new home-grown brands (Braira, Narcissus) and concepts as well as lifestyle
hotels (aloft hotel, Riyadh) which were started in 2016. In 2011, there were only 800 economy hotel rooms and by 2016, the number
increased to 1200 and further the hotel rooms are projected to reach 7600 by 2021.
Figure 11: Saudi Arabia Hospitality Air Conditioners Industry Revenues (USD Million), 2015- 2025F
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR

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Saudi Arabia Hospitality Air Conditioners Industry Revenues, 2015-2025F
• Rise in number of pilgrimages and tourists has resulted into an increase in number of hotels, which in turn has helped the air
conditioners industry to grow. Increase in hotel rooms would generate the fresh demand for energy efficient air conditioners.
• The expansion of Grand Mosque in Makkah would have new Makkah Residence Hotel with an investment of around USD 1.7 billion, which
is projected to have around 3,000 five star rooms. With these developments underway, there is an increasing demand for commercial air
conditioning is the country.
Figure 12: Saudi Arabia Number of Hotel Rooms, By Major Cities, 2015-2019 (Thousand Units)
Source: The World Bank
2014 2015 2016 2017 2018 2019F
Riyadh 9.70 10.60 11.50 12.10 15.30 17.30
Jeddah 8.50 8.60 9.80 10.80 12.50 14.00
Dammam 5.00 6.00 6.50 6.60 7.40 8.20
Makkah 24.67 29.70 33.20 36.80 45.20 54.30

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Saudi Arabia Air Conditioners Industry Revenue Share, By Region
Figure 13: Saudi Arabia Air Conditioners Industry Revenue Share, By Region, 2019 & 2025F, (In Percentages)
Source: MarkNtel Advisors
Central
Eastern
Province
Western
Southern
2019 2025F
XX% XX%
2019 2025F
XX% XX%
2019 2025F
XX% XX%
2019 2025F
XX% XX%

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Saudi Arabia Air Conditioners Industry Revenue Share, By Type, By Company
Window AC High Wall Split AC Other Split AC (Cassette, Free Standing)
LG - Fujitsu General - Gree -
Zamil - Gree - Carrier -
Fujitsu General - Carrier - LG -
Carrier - LG - Samsung -
Gree - Zamil - Zamil -
Others - York - York -
Daikin - Mitsubishi -
Others (Mitsubishi, Samsung) - General -
Daikin -
Others -
Ducted Split AC Packaged AC Chiller VRF
Gree - Zamil - Zamil - LG -
Daikin - Trane - Carrier - Samsung -
Carrier - Carrier - York - Mitsubishi -
Zamil - York - Trane - Gree -
York - LG - Daikin - Daikin -
Midea - Samsung - Petra - Carrier -
Others - Petra - SKM - Others -
SKM - Others -
Others -

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Disclaimer
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that is intended for key sets of customers which can be used for
internal purposes, but not for general publication or disclosure
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