Africa Air Conditioner Market to grow at a CAGR of 7.5% in the Forecast Period of 2021-26

The Africa Air Conditioner Market is likely to grow at a CAGR of 7.5% in the forecast period of 2021-26, says MarkNtel Advisors in their research report. It owes prominently to factors like the rapidly increasing new projects in the residential & commercial sector in countries like Nigeria, Egypt, and North Africa.

These projects, facilitating the infrastructural development activities in the region, shall lead to the propelling demand for air conditioners. Besides, the rising migrations in the urban areas across prominent cities of Africa are also exponentially increasing the sales of air conditioners, thereby likely to fuel the overall market growth in the forecast period.

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Key Questions Answered in the Study
1. What are the current and future trends in the Africa Air Conditioner Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Africa Air Conditioner Market?
5. What are the customer orientation, purchase behavior, and expectations from the Africa Air Conditioner Market service providers across various regions?

Government & Transportation Segment to Account for the Fastest Growth in the Africa Air Conditioner Market During 2021-26

Based on End-Users, the Africa Air Conditioner Market bifurcates into Residential, Commercial, Healthcare, Hospitality, Government & Transportation, Oil & Gas, and Others. Of them all, the Government & Transportation segment witnessed the fastest growth in recent years and is likely to continue its pace in the forecast years, too. It owes prominently to the increasing number of airports & railway stations in the region, owing to the surging new projects initiated by the government.

"Africa Air Conditioner Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Air Conditioner providers across Africa. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For detailed overview: https://www.marknteladvisors.com/research-library/africa-air-conditioner-market.html

Nigeria to Attain the Fastest Market Growth During the Forecast Years

The air conditioner industry is rapidly expanding across the entire African region. However, of all countries in Africa, Nigeria is more likely to witness the fastest market growth during the forecast period. It owes prominently to the rising temperature and longer summers because of its geographical location, which acts as one of the vital drivers for the surging demand for air conditioners in the country.

Hence, with this, Nigeria is witnessing new opportunities for market players, thereby leading the market to grow at the fastest pace in the country, states MarkNtel Advisors in their research report, “Africa Air Conditioner Market Analysis, 2021.”

According to MarkNtel Advisors, the leading players 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, Healthcare, Hospitality, Government & Transportation, Oil & Gas, Others)
3. By Country (South Africa, Nigeria, Kenya, Algeria, Morocco)
4. By Competitors (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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MarkNtel Advisors
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

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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