Increasing Temperature of the African Countries is Rising the Demand for Air Conditioner

 The Africa Air Conditioner market is anticipated to grow at a high rate over the forecast period owing to due to snowballing demand for air conditioning units on account of the increasing temperature of the African countries, the launch of innovative and technologically advanced air conditioners by market players, and growing discretionary income of people. Moreover, the launch of environment-friendly air conditioner burgeoning applications in offices, shopping malls, and manufacturing premises in an industrial building, and escalating government investment for infrastructural development are the factors predicted to promulgate the growth of the air conditioner market in the forecast period.

The COVID-19 pandemic has adversely affected the air conditioner market on account of nationwide lockdown in the countries which interrupted the production and sales of air conditioner due to closure of the manufacturing which declined the demand for air conditioner. However, the market is predicted to resume at a significant rate in the near future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Based on End-User, Residential sector is projected to attain the highest CAGR by 2021-26F on account of rapid urbanization, boost in government investment on various housing projects and growth in the discretionary spending of the people. The commercial sector acquired a significant market share owing to rising spending by the international hotel chain, growing to fund for infrastructural development and the launch of air conditioning systems by the market players.

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Nigeria is anticipated to register the fastest growth owing to the factors such as due to snowballing government initiative to reduce carbon footprints has accelerated the demand for energy-efficient air conditioners, a significant rise in urban population and escalating number of various residential and commercial construction project.

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.