Increasing Populace in the Large Metropolitan Areas is Catalyzing the Africa Air Conditioner Market Growth

 The soaring government spending on the developments in the power grid system to over the issue of power supply, increasing populace in the large metropolitan areas, 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, the rising number of multinational companies in the countries surging the demand for office space, growing disposable income of the people, and rising investment in infrastructure development activities are anticipated to strongly contribute to the growth of the market in the forecast period.

Based on Product Type, Condensing units/VRF segment is growing at a rapid rate owing to burgeoning customer inclination towards energy-efficient air conditioners and the launch of technologically advanced products by the market players. Split Air Conditioner acquired a significant market share due to the increasing deployment of split air conditioners in residential and small commercial buildings and the significant rise in the number of a various housing development projects.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Kenya and Algeria acquired considerable market share due to upcoming various construction project in the commercial and residential sector, increase in foreign direct investment (FDI) along with rising temperatures due to climate change and growing discretionary spending South Africa accounted for the majority market share The growth is attributed to the rising presence of number international hospitality brands, soaring investment by the government in various commercial and residential projects, and launch of various housing development initiatives by the government.

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.