Africa Air Conditioner Market by Product Type (Split, Rooftop, Chillers, VRF), by End-User (Residential & Commercial), by Region (Nigeria, Egypt, South Africa, & others) with Forecast 2024

Air Conditioners (AC) Market in Africa

Market Outlook

Africa region is one of the emerging markets for air conditioners around the world. Rising investments to develop infrastructure and growing disposable income of people in some countries of the region are some of the key factors driving the growth of air conditioners market in the region.  According to the United Nation’s report, the global air conditioner stock is estimated to increase from 660 million units in 2015 to more than 1.5 billion units by 2030, significantly escalating CO2 emissions from this sector. To curb the energy and environmental impacts from air conditioning, the regulator bodies are likely to introduce policies which will be the major challenge for the market growth in region. The growth of Air conditioners market in the region is mostly driven by countries with rising incomes and large metropolitan areas located in warm to hot climates, such as South Africa, Egypt and Nigeria among others.

Goldstein Research analyst forecast the Africa AC Market to expand at a CAGR of 9.4% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 2.3 billion by the end of forecast period. 

Market Dynamics

Trend of Importing 2nd Hand Appliances from European Countries is likely to Supplement Market Growth Ascent

According to our Africa air conditioners market study on the basis of extensive primary and secondary research, one major trend in the market is imports of second-hand appliances in the region. In some countries of Africa where imports of second-hand appliances are not banned, a significant portion of air conditioners in the market correspond to used products coming from other countries. This is the case in some economies of West African States where imports of second-hand products mainly from Europe are still dominant.

According to the report, major driver in Africa air conditioners market is rapid urbanization and population growth. Rapid population growth and urbanization are key drivers of electronic appliances market across Sub-Saharan Africa. Moreover, growing number of multinational companies are searching for office space in the newly emerging cities, which is likely to impel the growth of air conditioners market in the region.

Power Supply issues can Impede Adoption of Air Conditioners in Africa

Further, the report states that one challenge in Africa air conditioners market is high electricity consumption and power supply issues in the region. Africa still has many challenges to overcome in terms of grid connectivity and electricity generation, which is the major challenge for the electrical appliances market to flourish at faster pace in the region.

Rising Personal Disposable Income Anticiapted to Create Huge Growth Opportunities in Nigeria

Geographically, South Africa accounted for the largest market share with 40% revenue in Africa air conditioners market. South Africa is closely followed by the Egypt, which occupied about 28% of the market share. On the other hand, Nigeria is representing the huge growth opportunities owing rising personal disposable income of people in the country.

Africa air conditioners Market Segmentation

By Product Type

• Split
• Rooftop
• Indoor packaged
• Chillers
• Other (Portable AC etc.)

By End Users

• Residential
• Commercial

Based on end users, residential segment accounts for the maximum market share of 85% in 2017 and will continue to dominate the market for the next few years. Residential air conditioners market is likely to attain the fastest growth during the forecast period.

By Geography

• Nigeria {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Egypt {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• South Africa {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Algeria {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Morocco {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Ethiopia {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Kenya {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}
• Rest of the Africa {Market Share (%), Market Size (USD Billion), Sales (Million Unit)}

Covered in this Africa air Conditioners market report

The report covers the present ground scenario and the future growth prospects of the air conditioners market for 2017-2025 along with the total revenue of air conditioners industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of simulation & analysis manufacturers and current growth rate of the market.

Africa Air Conditioners Market Analysis 2017-2025 by Goldstein Research has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Africa air conditioners market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Africa air conditioners market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Companies Covered as Key Market Players 

Panasonic Corporation, Hitachi, Ltd., LG Electronics Inc., Ingersoll Rand, Whirlpool Corporation, Toshiba Corporation, Fujitsu General Limited, Blue Star Limited, Zamil Group, Guangdong Chigo Air Conditioning, Samsung Electronics, Daikin Industries, Ltd., Haier Electronics Group Co. and Sharp Corporation

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this market study

• What is the total market size by 2024 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.