The Africa Air Conditioner market is growing at a CAGR of 7.5% during 2021-2026 | Top Key Players are AHI Carrier, Daikin Africa, Samsung Electronics, LG Electronics, SHARP CONSUMER ELECTRONICS MEA, Haier, Dunham-Bush Holding Bhd, Trane, Gree Electric App

The increasing populace in the large metropolitan areas, the rising number of multinational companies in the countries surging the demand for office space, and burgeoning investment in the hospitality sector to attract the international hotel chain for expansion are some of the major factors for the growth of Africa Air Conditioner market. Besides these, growing disposable income of the people Suring the need for better lifestyles, soaring government spending on the developments in the power grid system to over the issue of power supply and rising investment in infrastructure development activities are anticipated to strongly contribute to the growth of the market in the forecast period.

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Key questions answered in the study:
1. What are the current and future trends of the Air Conditioner industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Air Conditioner industry?
5. What is the customer orientation, purchase behavior, and expectations from the Air Conditioner firms across various regions?

According to MarkNtel Advisors’ research report “Africa Air Conditioner Market Analysis, 2020”, the Africa Air Conditioner market is anticipated to grow at a CAGR of 7.5% during 2021-26F. Based on Product Type, Condensing units/VRF segment is also growing at a significant rate in the Africa air conditioner market. The growth of the segment is attributed to burgeoning customer inclination towards energy-efficient air conditioners due to introduction of various energy efficiency policies for appliances such as room air conditioners to curb GHG emission and to reduce electricity consumption and launch of the technologically advanced product by the market players.

“Africa Air Conditioner Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Air Conditioner providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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Kenya and Algeria Acquired Considerable Market Share

Kenya and Algeria acquired a considerable market share in the Africa Air Conditioner market in 2019. This is due to an increase in foreign direct investment (FDI), rising temperatures due to climate change and rising concern about eco-friendliness and environmental concerns. Moreover, upcoming various construction project in the commercial and residential sector along with growing discretionary spending and surging construction of hotels, restaurants, and guesthouses are expected to promulgate the growth of the Air Conditioner in the forthcoming years as stated by the MarkNtel Advisors’ research report “Africa Air Conditioner Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Africa Air Conditioner market are Airconditioning & Heating International Carrier Fzc, Daikin Middle East and Africa FZE, Samsung Electronics Co. Ltd., LG Electronics, Midea Middle East, Sharp Middle East Fze, Haier Electronics Group Co., Ltd., Dunham-Bush International (Africa) (PTY) Ltd, Trane Inc., Gree Electric Appliances, Inc. Of Zhuhai etc.

Market Segmentation:
1. By Product Type (Window, Split, Floor Standing, Cassette, Packaged, Ducted Split, Condensing units/VRF, Chillers, AHU/FCU),
2. By End-User (Residential, Commercial),
3. By Country (South Africa, Nigeria, Kenya, Algeria, Morocco, Others),
4. By Company (Airconditioning & Heating International Carrier Fzc, Daikin Middle East and Africa FZE, Samsung Electronics Co. Ltd., LG Electronics, Midea Middle East, Sharp Middle East Fze, Haier Electronics Group Co., Ltd., Dunham-Bush International (Africa) (PTY) Ltd, Trane Inc., Gree Electric Appliances, Inc. Of Zhuhai etc.)

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We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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