According to www.techsciresearch.com report “UAE Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast & Opportunities, 2011 - 2021”, the market for air conditioners in the UAE is projected to grow at a CAGR of over 9% during 2016-2021.
Report URL :- https://www.techsciresearch.com/report/uae-air-conditioners-market-by-product-type-split-window-vrf-chillers-and-others-by-end-use-sector-residential-commercial-industrial-and-institutional-competition-forecast-and-opportunities/854.html
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UAE Air Conditioners Market Forecast 2021 - brochure
1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
UAE Air Conditioners Market By Product Type,
By End Use Sector Competition Forecast &
Opportunities, 2021
11. I n d u s t r y B r i e f
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UAE Air Conditioners Market to Grow at CAGR 9% till 2021
Increasing disposable income, rising urbanization and growing residential, commercial as well as industrial infrastructure
developments to drive UAE air conditioners market through 2021
According to TechSci Research report, “UAE Air Conditioners Market By Product Type, By End Use Sector, Competition
Forecast & Opportunities, 2011 - 2021”, air conditioners market in the UAE is forecast to grow at a CAGR of over 9% during
2016-2021, on account of implementation of government initiatives to improve the country’s infrastructure, due to upcoming
events such as World Expo 2020, Dubai Plan 2021 and Abu Dhabi Vision 2030. These developments are anticipated to drive
infrastructural developments such as expansion of shopping malls, hotels and tourist sites, construction of residential spaces,
stadiums, etc. New residential and commercial infrastructural developments is expected to steer demand for air conditioners
in the UAE.
UAE air conditioners market is dominated by split air conditioners, due to various features such as less operating noise, high
effectiveness in extreme climate conditions, integration of latest technologies and high energy efficiency. Moreover,
residential sector is the largest demand generator for air conditioners in the UAE, due to increasing population base and rising
number of household units. Various measures are being adopted by the government to diversify into non-oil sectors by 2030
and increase investments in transportation, manufacturing, retail, hospitality and real estate sectors. Consequently, these
initiatives are anticipated to boost construction of private and public infrastructure and drive sales of air conditioners in the
country in the coming years. Abu Dhabi and Dubai are major cities that have witnessed growth in number of houses and gross
leasable office area and this trend is anticipated to grow during the forecast period. Dubai, the most populous city in the UAE
and comprises 50% of the total construction activities. One of the major ongoing projects in the city is “Dubai Creek Harbor”
commenced by Dubai Holdings and Emaar Properties, consisting of 3,664 office units, 39,000 residential units and 22 hotels.
“Demand for energy efficient air conditioners in the UAE is growing at a significant pace, on account of changing lifestyles,
rapidly growing middle class population base, and robustly growing tourism and hospitality sectors in the country. Increasing
investments being made by the government in the country’s residential and commercial sectors, and enforcement of various
energy efficiency labelling standards are anticipated to drive demand for air conditioners in the UAE through 2021.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
13. R e p o r t O r d e r i n g
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Report Name: UAE Air Conditioners Market By Product Type, By End
Use Sector Competition Forecast & Opportunities, 2021
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