Market Size of GCC Portable Air Conditioners Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Portable Air Conditioners Market Analysis
The GCC portable air conditioners market is estimated to be valued at about USD 542 million in the current year. It is expected to register a CAGR of more than 4% during the forecast period.
- GCC air conditioner market growth is mainly due to the hot and dry climate of the GCC region, which requires air conditioning systems to keep the indoor environment comfortable. The high temperatures in the summer months, the rise in urbanization, and the development of infrastructure in the GCC region have increased the need for portable air conditioners.
- In commercial buildings, portable air conditioners are utilized to regulate the temperature of the machinery that occupies the space. Most of the machinery, including generators, are expected to expend heat due to their 24/7 operation. In such circumstances, the use of portable ACs is essential for controlling the temperature of the space. Examples of commercial buildings that benefit from the use of portable air conditioners include supermarkets/hypermarkets, residences, and office complexes. The spread of COVID-19 disrupted the market demand and supply chain. As a result, online channel growth has increased, and offline channel revenue decreased. Post-COVID, the market is growing in a positive trend.
