The Saudi Arabia residential AC market will touch USD 917.8 million, growing at a 6.5% compound annual growth rate, by 2030.
This progression is because of the surging humidity & heat in the environment, the shifting lifestyles, the increasing funding in the housing sector, and the growing disposable salary in this nation.
Furthermore, Saudi Arabia is a rapidly advancing nation. The clear increase in the national income of the nation in the past few years has led to a surging count of buildings, which, sequentially, boosts the requirement for ACs.
Additionally, split ACs are fitted high and intended for cooling bigger spaces, and it is possible to attain split ACs of a high tonnage, of more than 2 tons.
The e-commerce category, on the basis of distribution channel, was the largest contributor to the Saudi Arabia residential AC market, in the past few years. This distribution channel provides goods at relatively lower values, which makes it an ideal choice to purchase ACs online.
Furthermore, the suitability of doorstep delivery and electronic payment, the accessibility of various promotional offers and discounts, and wide-ranging product lists with their technical specifications and features in detail resulted in the acceptance of online shopping.
In recent years, the western region, in terms of volume, led the industry, and the region will further propel at approximately 6% CAGR during this decade.
In addition, the nation is also focusing on promoting power-efficient residential ACs, to guarantee the preservation of resources. The air conditioners are offered with their energy efficiency ratings and the ones that have more ratings get financial incentives from the government.
With the augmenting humidity and heat in the environment and the increasing disposable salary, the Saudi Arabia residential AC industry will continuously progress in the coming years.
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