Future GCC Air Conditioner Aftermarket Market: Key Dynamics, Size & Share Analysis

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. 

Top Driver Impacting the GCC Air Conditioner Aftermarket Market Growth

Booming Construction and Rising Renovation & Retrofitting Projects to Augment the Market Growth – The GCC region has been witnessing substantial building & infrastructure expansion, including residential buildings, commercial complexes, hotels, hospitals, and industrial facilities. As construction is emerging, the demand for air conditioners would also fuel, subsequently driving the GCC Air Conditioner Aftermarket for installation, maintenance, and replacement services. Additionally, there has been a surge in retrofitting & remodeling or renovation projects in the GCC region with the objective of optimizing the energy efficiency of existing structures. These projects frequently entail replacing or upgrading air conditioning systems, which fuels the need for aftermarket products & services.

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Understanding the Core Segments in the GCC Air Conditioner Aftermarket Market

GCC Air Conditioner Aftermarket Market Size, Share & Industry Trends Analysis - By Type (Service, Spare Parts & Retrofit), By End Users (Residential, Commercial & Retail, Healthcare, Government & Transportation, Hospitality, Oil & Gas, Others)

Geographical Analysis of the GCC Air Conditioner Aftermarket Market

-By Region

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

Saudi Arabia is predicted to be the most prominent region owing to the soaring construction activities in all sectors, like commercial, residential, etc.

Who Dominates the GCC Air Conditioner Aftermarket Market Insights on Key Industry Players?

Companies are strengthening their presence in the GCC Air Conditioner Aftermarket market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • Carrier
  • Aftron
  • Trane
  • Daiken
  • LG
  • Mitsubishi

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