Press release
Ethiopia Air Conditioner Market (2018-2024)-6Wresearch
Ethiopia Air Conditioner Market (2018-2024)-6Wresearch
Massive investment flow and incentivized support to local and foreign investors led to a massive growth in Ethiopian air conditioner market in 2016. Ethiopia attracted $3.8 billion in foreign direct investment in the Ethiopian Fiscal Year (EFY) 2016/17, registering a 20% increase from EFY 2015/16. In the 2016/17 fiscal year, 381 projects became operational. However, after a year of tremendous growth, Ethiopian air conditioner market contracted in 2017 amidst the devaluation of the country’s currency (Ethiopian Birr); the National Bank of Ethiopia (NBE) announced a devaluation of ‘birr’ by 15% resulting in payment delays.
Explore Press Release : http://www.6wresearch.com/press-releases/ethiopia-air-conditioner-market-ac-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html
According to 6Wresearch, Ethiopia Air Conditioner market is forecast to grow at a CAGR of 15.8% during 2018-24. In last fiscal year, 28 companies with a combined capital of $1.5 billion made an agreement with the Ethiopian government for eight industrial parks. Rising investment in projects primarily engaged in manufacturing, health, education and construction sectors would further elevate the growth of air conditioner market. Furthermore, Ethiopian government’s five-year Growth and Transformation Plan II (GTP II) for the period 2015-16 to 2019-20 relies heavily on the construction of modern structures and amenities which has further resulted in embarkment of construction activities in the residential and commercial sectors in the nation’s capital, Addis Ababa.
According to Prijo Samuel, Assistant Research Manager – IT & Electronics, Research and Consulting, 6Wresearch, “Wall mounted air conditioning systems accounted for major sale in room air conditioner segment market attributed to reasonable pricing, high demand for inverter models, quiet operations and complexities in the installation of window air conditioners.”
“Additionally, centralized air conditioner was the fastest growing segment with VRF leading the demand. VRF systems were highly popular among residential and commercial applications, while chiller segment gained a quick acceptance in manufacturing and industrial applications owing to high capacity requirements in these applications,” Samuel further added.
According to Rishi Malhotra, Senior Research Analyst – IT & Electronics, Research and Consulting, 6Wresearch, “Residential segment was the largest contributor to air conditioner market in terms of value. The segment was closely followed by commercial building and retail application. Real estate sector has been the fastest growing sector contributing around 12% to domestic growth over the past 10 years. Furthermore, operational investment capital in the sector increased by over 500% during EFY 2014-15 to 2015-16 and 60% from 2015/16 to 2016-17.”
“Moreover, Addis Ababa was the prime location for the development of high-rise residential buildings and commercial compounds. Large residential development emerging at the outskirts of the city, office complexes and government buildings in the areas located at the center of the city led to a strong growth for air conditioner market in the residential and commercial applications,” Rishi further added.
Key contributing vendors in Ethiopia air conditioner market include- Samsung Electronics East Africa Ltd., LG Electronics Inc., Awal Gulf Manufacturing Co., Daikin Middle East & Africa FZE, Carrier Africa FZE, and Gree Electric Appliances Inc.
“Ethiopia Air Conditioner Market (2018-2024)” provides in-depth analysis with 69 figures 3 tables covered in more than 125 pages. The report estimates and forecast the overall Ethiopia air conditioner market by end-use applications, product-types and regions. The report also gives key insights on competitive landscape, market share by companies, market trends, market drivers & restraints, and recommendations.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/ethiopia-air-conditioner-market-2018-2024-ac-forecast-by-product-type-window-split-hvac-ducted-ductless-centralized-applications-regions-competitive-landscape.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Delhi/NCR Office
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Email sales@6wresearch.com
Phone: +911143024305
Web : http://www.6wresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ethiopia Air Conditioner Market (2018-2024)-6Wresearch here
News-ID: 1101511 • Views: …
More Releases from 6Wresearch- Market Intelligence Solutions
How Smart Refrigerators are Driving Global Market Growth and Consumer Demand
The global refrigerator market has been witnessing consistent growth, supported by increasing urbanization, rising household incomes, and the growing need for food preservation. Refrigerators are important household appliances that prevent spoilage, keep food fresh, and offer convenience for storing spoilable items. Refrigerators now come in different types including double-door, side-by-side, single-door, and smart refrigerators, with continuous innovation serving various consumer demands and lifestyles.
According to 6Wresearch, the Global Refrigerator Market is…
Ride the Wave: How Personal Watercraft Are Revolutionizing Water Sports Worldwid …
The global personal watercraft market is rapidly expanding, fueled by growing enthusiasm for water-based recreation and advancements in watercraft technology. Celebrated for their speed, agility, and excitement, PWCs are becoming more popular among individuals, sports fans, and rental companies globally. Their growing use in leisure and rescue activities has boosted demand across multiple regions.
According to 6Wresearch, the Global Personal Watercraft Market is expected to grow at a compound annual growth…
rom Dreams to Reality: How Personal Loans Are Fueling Global Financial Goals
The global personal loan market has consistently grown, fueled by the rising demand for accessible and flexible financial options among consumers globally. Personal loans are preferred for their ease, fast approval, and adaptability to various financial purposes, such as debt consolidation, education, healthcare costs, and home upgrades. This rise in demand can be seen, combined with the emergence of digital lending platforms and financial inclusion efforts, continues to drive steady…
PC Sales Are Booming Again - Here's Where the Market Is Headed Next
The global PC market stays strong, fueled by growing demand from both consumer and business sectors. Even with rising competition from mobile devices and cloud services, PCs remain crucial for education, remote work, gaming, business tasks, and content creation. Their dependable performance, reliability, and flexibility ensure they are indispensable tools in both everyday life and professional environments. As digital transformation expands globally, the continued need for high-performance computing supports the…
More Releases for Ethiopia
Ethiopia Agriculture Market, Ethiopia Agriculture Industry: Ken Research
The Agriculture has always been of inordinate importance for Ethiopia region, as feeding the realm’s largest population is not a laidback task. The Ethiopia government has been assistant the agriculture industry with a number of policies, trying to stabilize the productivity and seeking methods to ensure the sector is mounting healthily and sustainably.
According to the report analysis, ‘Ethiopia Agriculture Market Trends, Statistics, Growth, and Forecasts’ states that the Ethiopia region…
Ethiopia Agriculture Market, Ethiopia Agriculture Industry, Ethiopia Agriculture …
Ethiopia is equipped with ample of agricultural resources and has various ecological zones. Agriculture is the centre piece of the economy. The Government of Ethiopia (GOE) has recognized key priority intervention areas to raise productivity of small holder farms and expand large-scale commercial farms. Under the new administration, the GOE has renewed emphasis to extend the agriculture sector and ensure food security. Among the highest priorities known by the GOE…
Ethiopia - A New Dawn
ITL Intelligent Label Solutions recently announced the opening of their latest garment label factory in Hawassa, Ethiopia. The site is the latest in a series of new wholly owned factories being set up by the ITL Group as a key component of its long term growth strategy.
Ethiopia is seen as one of the most exciting prospects for the set-up of garment manufacturing and sourcing as it has duty free access…
chemical industry in Ethiopia aims big
In a recent event, a perfect conclusion has been reorganized for managing the developments of industries, further in Ethiopia. Ordinarily, the program happened at the origin of Addis Ababa as quoted by the Construction Inputs and Industry Development Institute.
United Nations Industrial Development is the key funding department for the roadmap.
Further, the director of the Institute has outlawed a roadmap of approximately 400000 US dollars which has been granted solely from…
ETHIOPIA - ICT / TELECOMS SECTOR ANALYSIS
ReportsWorldwide has announced the addition of a new report title ETHIOPIA - ICT / TELECOMS 2016 to its growing collection of premium market research reports.
Ethiopia’s ICT and Telecommunications Report provides a comprehensive industry profile, analysis and outlook of the sector.
The report provides a SWOT analysis, full overview of the ICT and telecommunications sector and its segments with a focus on the sector’s growth and value. It analyses the country’s fixed…
Techno Brain Ethiopia achieves ISO 9001:2008 Certification
The IT firm excels in quality management system in IT solutions and training
Techno Brain, Africa’s leading IT solutions provider has earned the award of ISO 9001:2008 certification in Ethiopia. The management excellence award was jointly issued by the International Certification Network - IQNET - and Nemko AS in recognition of the top notch IT solutions, Techno Brain has consistently rolled out into the software market.
While presenting the Certificate to…
