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Shaping the Future: Africa Air Conditioner Market Trends and Forecasts for 2030

Business

September 16, 2024

Africa Air Conditioner Market Overview:

According to MarkNtel Advisors study the Africa Air Conditioner Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The market is driven by the rapidly growing home ownership across the continent, particularly in established nations like South Africa, Kenya, and Nigeria. Further, climate change, a growing market trend for better lifestyles, and advancements in the power grid system are other factors that could aid the Africa Air Conditioner market in gaining traction. In fact, as per the International Energy Agency, the electricity demand for ACs is likely to jump 10-fold across Africa by 2040, clearly hinting at their upward graph in the coming years.

Key Findings of the Study: Africa Air Conditioner market

Africa Air Conditioner Market Possible Restraint:

Frequent Power Outages Posing a Challenge – Since African countries are still evolving in terms of advancements, frequent power outages have been a major concern for the residents, who are compelled to withdraw from adopting air conditioners. Although the government has taken numerous initiatives to ensure an uninterrupted power supply, it might take time to achieve such targets. Thus, for the market for electrical products to grow more quickly in Africa, there are still several obstacles to be solved in terms of grid connectivity and electricity production.

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Scope of the Africa Air Conditioner Market Report Segmentation

-By Product Type

Window, Split
Floor Standing
Cassette
Packaged
Ducted Split
Condensing units/VRF
Chillers
AHU/FCU

-By End-User

Residential
Commercial

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Geographical analysis:

-By Country

South Africa
Nigeria
Kenya
Algeria
Morocco
Others

Among others, South Africa is expected to attain a sizable share in the African air conditioner market on account of shifting environmental patterns and escalating degrees of global warming each year. As a result, the market is expected to generate potential revenues and witness a significant surge over the following years, owing to the rising levels of heat and humidity around the region. In addition, the growing acceptance of air conditioning systems as utility products rather than luxury goods further accelerates market adoption. Moreover, the increase in the sales of a range of air conditioning systems that are energy-efficient and technically advanced has positively influenced market growth.

Africa Air Conditioner Industry Recent Developments

In September 2022, Japanese firm Daikin Industries Ltd. announced that the company is all set to restart an expansion into Africa that the COVID-19 outbreak had halted by starting to assemble air conditioners in Nigeria.
In July 2022, Dunham-Bush introduced a new high-efficiency chiller series for applications requiring a small capacity range. With inverter scroll compressors and EC fans, the new ZEUS series air-cooled scroll compressor, model number ACDSV-E, can provide quiet performance and improved part load efficiency.

Current Landscape of Africa Air Conditioner Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Africa Air Conditioner market. The research report profiles major players, including

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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

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