MEA Concealed Ducted Air Conditioners Market Future Prospects
The MEA concealed ducted air conditioners market will generate an estimated revenue of USD 899.3 million in 2024, and it is expected to grow at a CAGR of 5.9% during the forecast period, reaching USD 1,265.7 million by 2030. The market for concealed air duct conditioner in the MEA is a disparate mix of diverging economic strengths, varied architectural types, and climatic conditions which collectively influence market dynamics across different countries.
The Gulf Cooperation Council (GCC) countries—Qatar, Saudi Arabia, and the U.A.E.—are making considerable progress in the establishment of sustainable infrastructure. These countries are excellent markets for HVAC systems such as concealed air duct conditioners due to their high per capita incomes and significant investments in brand-new residential and commercial buildings. In U.A.E. and Qatar, there are advanced buildings in cities such as Dubai and Abu Dhabi, which requires the integration of modern air conditioning technologies. However, retrofitting of older buildings requires skilled installation and hefty expenses.
Due to the diversification of the economies and construction activity in ongoing projects, Bahrain and Oman also require a high value HVAC solution.
South Africa, Nigeria, and Kenya are emerging markets in the Sub-Saharan region, mainly because of urbanization and ongoing residential and commercial construction. South Africa leads as the country has fairly advanced infrastructure, albeit at its nascent stage. In this regard, Nigeria and Kenya have lack of infrastructure and informal housing which limits the adoption of modern HVAC systems.
The economic and regulatory environment together with the infrastructure of each country have peculiar characteristics, playing a strong role in creating market dynamics.