MarkNtel Advisors – Leading Market Research Company found North Africa Air Conditioner Market is expected to reach 5.35% CAGR Growth By 2028.
This report provides a comprehensive analysis of the North Africa Air Conditioner Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the North Africa Air Conditioner Market
Base Year: 2022
Forecast Years: 2023-2028
Historical Years: 2018-2021
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Scope of the North Africa Air Conditioner Market Report:
The North Africa Air Conditioner Market is anticipated to grow at a CAGR of around 5.35% during the forecast period, i.e., 2023-28. The key driver for the market growth is the hot & arid climates in the region, which create a strong demand for air conditioners across both residential & non-residential sectors. In addition, the ever-increasing infrastructural development activities due to rapid urbanization and economic growth are other significant aspects driving the market.
The air conditioner market in North Africa is dominated strongly by local manufacturers, mainly due to a 'high custom duty' on imported products, i.e., around 40% of the product value. Most major international air conditioner brands have national partners in a few North Africa countries that either manufacture their technology, assemble the equipment, or simply just supply & import the technologies, especially for small AC equipment like split systems, cooling coils, fans, & AHUs. Besides, countries like Egypt also has a local presence of Daikin & Samsung.
North Africa Air Conditioner Market Opportunity
Ever-Increasing Need for Energy-Efficient Air Conditioners - North Africa is witnessing rising energy prices, i.e., compelling end-users to reduce electricity consumption and achieve energy cost savings. Moreover, in order to reduce carbon footprints, governments are taking active measures toward promoting sustainability practices and offering tax rebates & subsidies to end-users on the purchase of energy-efficient products. Hence, the notably increasing demand for environment-friendly & energy-efficient AC solutions in the region is a promising growth opportunity for the companies operating in the North Africa Air Conditioner Market to widen their consumer base and generate significant revenue in the future.
What are the different Segment Available in the North Africa Air Conditioner Market?
By Product Type
- Window
- Single Split
- Floor Standing
- Cassette
- Packaged
- Ducted Split
- Condensing units/VRF
- Chillers
- AHU/FCU
By End-User
- Residential
- Commercial
By Country
- Egypt
- Algeria
- Libya
- Morocco
- Sudan.
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Leading North Africa Air Conditioner companies operating in the Market
- Samsung Electronics Co., Ltd.
- LG Electronics Inc.
- Awal Gulf Manufacturing
- Gree Electrical Appliance Inc.
- Daikin Industries Ltd.
- Carrier Corporation
- Hitachi Ltd.
- Midea Group Co., Ltd.
- Sharp Corporation
- Panasonic Corporation
- York.
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