Market Size of GCC Portable Air Conditioners Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
GCC Portable Air Conditioners Market Analysis
The GCC portable air conditioners market is estimated to be valued at about USD 542 million in the current year. It is expected to register a CAGR of more than 4% during the forecast period.
- GCC air conditioner market growth is mainly due to the hot and dry climate of the GCC region, which requires air conditioning systems to keep the indoor environment comfortable. The high temperatures in the summer months, the rise in urbanization, and the development of infrastructure in the GCC region have increased the need for portable air conditioners.
- In commercial buildings, portable air conditioners are utilized to regulate the temperature of the machinery that occupies the space. Most of the machinery, including generators, are expected to expend heat due to their 24/7 operation. In such circumstances, the use of portable ACs is essential for controlling the temperature of the space. Examples of commercial buildings that benefit from the use of portable air conditioners include supermarkets/hypermarkets, residences, and office complexes. The spread of COVID-19 disrupted the market demand and supply chain. As a result, online channel growth has increased, and offline channel revenue decreased. Post-COVID, the market is growing in a positive trend.
GCC Portable Air Conditioners Industry Segmentation
Portable air-conditioners work by pulling the hot air out of your room, pushing the heat back in, and filling up your room with cool, dry air, which is moveable from one to another. The built-in thermometer keeps the room temperature constant.
The GCC portable air conditioners market is segmented by capacity, including 5,000 to 10,000 BTUs, 11,000 to 15,000 BTUs, 16,000 to 20,000 BTUs, and 20,000 and above BTUs. It is further categorized by application, encompassing residential and commercial usage. The distribution channel includes exclusive stores, multi-brand stores, online platforms, and other distribution channels. These segments vary across different countries such as Saudi Arabia, UAE, Kuwait, Bahrain, Oman, and Qatar).
The report offers market size and forecasts in value (USD) for all the above segments.
By Category | |
5,000-10,000 BTUs | |
11,000-15,000 BTUs | |
16,000-20,000 BTUs | |
20,000 & Above BTUs |
By Application | |
Residential | |
Commercial |
By Distribution Channel | |
Exclusive Stores | |
Multi-Brand Stores | |
Online | |
Other Distribution Channels |
By Country | |
Saudi Arabia | |
UAE | |
Kuwait | |
Bahrain | |
Oman | |
Qatar |
GCC Portable Air Conditioners Market Size Summary
The GCC portable air conditioners market is experiencing growth driven by the region's hot and dry climate, which necessitates effective cooling solutions to maintain comfortable indoor environments. The increasing urbanization and infrastructure development in the GCC countries, coupled with the high summer temperatures, have significantly boosted the demand for portable air conditioners. These units are particularly essential in commercial settings, such as supermarkets, office complexes, and residences, where they help regulate temperatures for machinery and equipment. The market has also seen a shift in consumer behavior due to the COVID-19 pandemic, with a rise in online sales channels as a response to disrupted supply chains. As global temperatures continue to rise, the demand for portable air conditioners is expected to increase, offering an affordable and accessible cooling solution.
The hospitality sector's expansion in the GCC region is further propelling the demand for portable air conditioners, as hotels and restaurants seek to provide thermal comfort to guests. The market is also benefiting from the development of energy-efficient AC units, aligning with the region's sustainability goals. The influx of tourists, particularly in Saudi Arabia and the UAE, is driving the construction of new hotels and restaurants, thereby increasing the need for portable air conditioning solutions. Additionally, the growth of shopping malls and food courts, driven by a young population, is expected to contribute to the market's expansion. The GCC portable air conditioners market is characterized by fragmentation, with major players like Carrier Global Corporation, Daikin Industries, Ltd., and Mitsubishi Electric Corporation leading the way. Innovations such as Wi-Fi-enabled and smartphone-operated AC units are anticipated to further enhance market growth in the coming years.
GCC Portable Air Conditioners Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Commercial Sector is Driving the Market
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1.2 Market Restraints
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1.2.1 The Consumption of More Energy is a Restrain
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1.3 Market Opportunities
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1.3.1 Demand for Energy Efficient Products
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Impact of COVID-19 on the market
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1.6 Insights into changing consumer behaviour and preferences
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2. MARKET SEGMENTATION
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2.1 By Category
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2.1.1 5,000-10,000 BTUs
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2.1.2 11,000-15,000 BTUs
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2.1.3 16,000-20,000 BTUs
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2.1.4 20,000 & Above BTUs
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Exclusive Stores
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2.3.2 Multi-Brand Stores
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2.3.3 Online
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2.3.4 Other Distribution Channels
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2.4 By Country
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2.4.1 Saudi Arabia
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2.4.2 UAE
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2.4.3 Kuwait
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2.4.4 Bahrain
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2.4.5 Oman
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2.4.6 Qatar
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GCC Portable Air Conditioners Market Size FAQs
What is the current GCC Portable Air Conditioners Market size?
The GCC Portable Air Conditioners Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in GCC Portable Air Conditioners Market?
Carrier Global Corporation, Daikin Industries, Ltd., Mitsubishi Electric Corporation, LG Electronics Inc. and Fujitsu General Limited are the major companies operating in the GCC Portable Air Conditioners Market.