MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Saudi Arabia Air Conditioner Market Size, Share, Analysis, Forecast 2023-2028.
Saudi Arabia Air Conditioner Market Analysis and Insights:
The Saudi Arabia Air Conditioner Market size is estimated to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28.
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Saudi Arabia Air Conditioner Market Dynamics
Growth Opportunity: Ever-Expanding Religious Tourism in The Kingdom
The rapidly growing focus of the government on religious tourism has attracted a large influx of funds for numerous related projects. As a result, there are now ongoing projects like the $26.6 billion Grand Mosque expansion in Mecca and the $16.5 billion Haramein high-speed rail link between Mecca and Medina. With 25 million people projected to visit the holy sites annually by 2025, these enhancements are meant to increase religious tourism in the nation. Thus, religious tourism is likely to emerge as an opportunistic area for the leading players impacting the AC installment in the coming years.
Saudi Arabia Air Conditioner Market Report Segmentation:
The report has segmented the market into the following categories:
By Type
-Window AC
-Split AC
-Cassette AC
-Packaged AC
-Ducted Split AC
-Centralized AC
-Others (Floor Standing/Portable AC, etc.)
By End User
-Residential
-Commercial Buildings
-Retail
-Health Care
-Hospitality
-Government & Transportation
-Oil & Gas
-Others (Religious Institutions, etc.,)
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Market Divided by Region/Country:
By Region
-East
-West
-South
-Central
Who are the top Companies in the Saudi Arabia Air Conditioner Market?
Gulf Oil Lubricants, Indian Oil, Castrol, Hindustan Petroleum, Bharat Petroleum, Tidewater Oil, Shell India, Vavoline Cummins, ExonnMobil, Tata Oil, Others
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