Market Overview: GCC Air Conditioner Aftermarket Market FY23-28

This reports provides an essential and dependable overview of the GCC Air Conditioner Aftermarket Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

GCC Air Conditioner Aftermarket Market Report Coverage Details:

• Base Year: 2022
• Historical Data: 2018-21
• Forecast Period: 2023-2028
• CAGR: 5.2% (2023-2028)

The GCC Air Conditioner Aftermarket is valued at USD 2.5 billion in 2022 & is estimated to grow at a CAGR of 5.2% during the forecast period, i.e., 2023-28.

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GCC Air Conditioner Aftermarket Market Trend:

Energy Efficiency Regulations & Sustainability Initiatives to be Trending in the Market – With the soaring awareness regarding the harmful effects of carbon emissions, many countries are moving towards eco-friendly solutions to reduce emissions in the forthcoming years. The GCC countries have executed energy efficiency regulations & sustainability initiatives to reduce energy consumption & environmental impact. These regulations encourage consumers & enterprises to seek energy-efficient solutions & upgrades, boosting the aftermarket for energy-efficient components & system enhancements, in turn becoming a trending factor in generating a positive outlook for the GCC Air Conditioner Aftermarket in the forecast years.

GCC Air Conditioner Aftermarket Market Segmentation Analysis - FY23-28

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the GCC Air Conditioner Aftermarket Market (2023-28). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The GCC Air Conditioner Aftermarket Market segmentation is enlisted below:

By Type

• Service
• Spare parts & Retrofit

By End-User

• Residential
• Healthcare
• Commercial & Retail
• Government & Transportation
• Hospitality
• Oil & Gas
• Others

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By Country

• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Bahrain
• Oman

GCC Air Conditioner Aftermarket Market Competitive Landscape

Carrier, Trane, Daikin, SKM, LG, Johnson Control (York), GAMI, Emrill, Imdad, Etisalat, and Others.

GCC Air Conditioner Aftermarket Industry News:

• August 2022: SKM, one of the leading air conditioner & aftermarket companies, announced the signing of a contract with Azizi, a company in the UAE, to supply, install, and handle the maintenance of the air conditioners in its new park avenue project.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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