Research and Markets: Saudi Arabia's Air Conditioner Market is Projected to Grow at a CAGR of 7.42% During 2015-21

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/dpffq4/saudi_arabia_air) has announced the addition of the "Saudi Arabia Air Conditioner Market (2015-2021): Market Forecast by AC Types, Applications and Regions" report to their offering.

Rising construction activities of various public & private infrastructures in the areas of retail, hospitality, transportation, and business parks have fueled the market for air conditioners in Saudi Arabia. With increasing number of tourists in the country, Saudi Arabia has accounted for largest share of construction of new hotel rooms in GCC region. Additionally, with surging residential projects and construction & expansion of airport and metro is anticipated to surge the future demand for air conditioners.

In Saudi Arabian market, centralized, split and window type ACs have together captured majority of the market share in 2014 and would lead through the forecast period; however, share of window AC is expected to decline in the coming years.

In the forecast period, the market is expected to grow owning to mega projects such as Riyadh Metro, King Abdullah Economic City, Kingdom Tower, and Abraj Kudai, which would drive Saudi Arabia's air conditioner market.

Amongst all the applicatiosn, residential applications captured the most significant share of the market pie but is expected to decline marginally in future due to growing commercial and industrial sectors in KSA.

Companies Mentioned:

- Al Salem Johnson Controls (YORK)

- Carrier

- DAIKIN MCQUAY Middle East

- GREE Electric Appliances Inc

- Goldenstar

- LG Shaker Company Ltd (LGSC)

- Petra Engineering Industries Co

- SKM Air Conditioning LLC

- TRANE

- Zamil Air Conditioners (ZAC)

For more information visit http://www.researchandmarkets.com/research/dpffq4/saudi_arabia_air

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Sector: Consumer Electronics, Household Appliances, HVAC

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Consumer Electronics, Household Appliances, HVAC