Middle East Air Conditioner Market By Types, By Application, By Countries and FoPosted by arshiyashaikh on February 24th, 2022 Middle East Air Conditioner Market Report comprehensively covers the market by countries, types and applications. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to device and align their market strategies according to the current and future market dynamics. Middle East Air Conditioner Market Synopsis The Middle east air conditioner market witnessed a decent growth during the period 2017-2019 underpinned by rapid growth in infrastructure development and rising urbanization in the country. However, the Covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain and halted the construction activities leading to fall in market demand and hence the market revenues. The Middle East Air Conditioner Market size is projected to grow at a CAGR of 3.8% during 2021-2027. The major driver of Middle East air conditioner industry can be attributed to wide application of centralized air conditioners to upcoming commercial and retail sector projects such as King Abdullah Economic City project in Saudi Arabia, Khalifa Industrial Zone in Abu Dhabi, Al-Mutlaa City in Kuwait and other developmental projects.
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