Africa Air Conditioner Market Research Report Forecast (2024-2030)

Africa Air Conditioner Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

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.

Markntel Advisor’s Africa Air Conditioner Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Africa Air Conditioner Market drivers, barriers, Africa Air Conditioner Market Trends, and Key Players in Africa Air Conditioner Market.

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Africa Air Conditioner Market Dynamics: 2024-2030

Africa Air Conditioner Market Driver:

Augmenting Demand for Energy-efficient Air Conditioners – The need for environment-friendly & energy-efficient products is increasing in a bid to reduce the energy footprint created by air conditioners & electricity consumption. Similarly, to curb greenhouse gas emissions by 40 million tons by 2040, strict air conditioning efficiency standards are being adopted by African countries. Thus, investing in sustainable & energy-efficient conditioners would benefit the market players, thus influencing the market size in the forecast years.

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Africa Air Conditioner Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

  • By Product Type
    • Window, Split
    • Floor Standing
    • Cassette
    • Packaged
    • Ducted Split
    • Condensing units/VRF
    • Chillers
    • AHU/FCU
  • By End-User
    • Residential
    • Commercial
  • By Country
    • South Africa
    • Nigeria
    • Kenya
    • Algeria
    • Morocco
    • Others

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Africa Air Conditioner Market:

  • 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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