Saudi Arabia Residential AC Market Size to Have $917.8 Million by 2030, Says P&S Intelligence

NEW YORK, Dec. 1, 2022 /PRNewswire/ -- In 2021, the Saudi Arabian residential AC market accounted for a size of $521.6 million, and it is expected to grow at a 6.5% CAGR between 2021 and 2030, to hit $917.8 million in 2030. According to the latest market research study published by P&S Intelligence. The major reasons behind the growth of this market are the rising humidity and heat in the climate, surging per capita income, and increasing investments in the residential industry.

In the nation, in summers, the temperature can go up to 44°C, because of which people avoid being exposed to direct sunlight and are spending more on ACs for their homes.

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Split ACs Dominate Market

Split ACs have had the largest market share in recent years. These products offer heating and cooling in enclosed spaces; thus, they are preferred over window ACs. In addition, split ACs are able to offer even cooling all over the house, because many indoor units can be controlled by a single outdoor system.

In Saudi Arabia, ACs are a necessity, not a luxury, due to the growing humidity and heat in the atmosphere. The kingdom is a land of extreme weather, with summer days significantly raising the risk of a heat stroke and winter nights cold enough to cause hypothermia.

E-Commerce Is Largest Revenue Generator

E-commerce holds the largest revenue share in the market, of more than 50%. The major reason behind the dominance of this category is that these platforms offer products at comparatively lower prices.

The comfort of doorstep delivery and electronic payment, presence of a huge product variety, with their features and technical specifications mentioned in detail, and a range of promotional and discount offers also attract people to online shopping.

Browse detailed report on Saudi Arabia Residential AC Market Growth and Demand Forecast to 2030

Western Region Leads Market

The western region accounts for the largest share, and it is projected to continue its dominance in the coming years. This can be credited to the growing development of housing units in the region.

Western Saudi Arabia is home to many of its largest cities, such as Mecca, Medina, and Jeddah. There is a rise in the need for more residential units because of urbanization and the huge number of people from other countries migrating to this region.

Additionally, the nation is working to encourage the adoption of residential ACs that use less energy, in order to conserve resources. The government offers financial incentives to the manufacturers of energy-efficient ACs with better ratings.

Saudi Arabia Residential AC Market Report Coverage

By Product Type

• Split
• Window

By Distribution Channel

• Multi-Brand Stores
• Supermarkets/Hypermarkets
• E-Commerce

Regional Analysis

• Central
• Eastern
• Western
• Southern

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SOURCE P&S Intelligence