Exploring Oman Air Conditioner Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Oman Air Conditioner Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
An air conditioner cools and reduces
humidity in the air inside the house or building. It makes things more
comfortable by cooling the heat and moisture in a closed space. There are many
different kinds of air conditioners such as Window AC, Split AC, Floor-standing
AC, Cassette AC, Packaged AC, Ducted Split AC, Centralized AC, and others.
Oman Air Conditioner
Market Research Report & Summary:
The Oman Air Conditioner Market size was valued at around USD 495
million in 2024 and is projected to grow at a CAGR of around 3% during the forecast period, i.e., 2024-30..
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Oman
Air Conditioner Market?
The top
companies of the Oman Air Conditioner Market ruling the industry are:
LG Electronics Inc.,
Fujitsu General, Al Salem, Johnson Control, Gree Electric Appliances, Daikin
Industries Ltd., Trane Technologies, Panasonic Corporation, Mitsubishi
Corporation, Samsung Electronics Co. Ltd., SKM Air Conditioning LLC, and others
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Oman
Air Conditioner Industry Recent Development:
·
June 2024: GREE Electric Appliances Inc., a global leader in air conditioning systems, is
so proud to announce the launch of the G-Boost Inverter Compressor Split Air
Conditioner. This new technology is promising to be more energy efficient,
cooler, more comfortable, and more sustainable.
What is Included in Oman Air Conditioner Market
Segmentation?
The Oman Air Conditioner Market explores the
industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Type
-Window AC- Market Size & Forecast 2019-2030, Thousand Units &
USD Million
-Split AC- Market Size & Forecast 2019-2030, Thousand Units &
USD Million
-Floor Standing AC- Market Size & Forecast 2019-2030, Thousand Units
& USD Million
-Cassette AC- Market Size & Forecast 2019-2030, Thousand Units &
USD Million
-Packaged AC- Market Size & Forecast 2019-2030, USD Million
-Ducted Split AC- Market Size & Forecast 2019-2030, USD Million
-Centralized AC- Market Size & Forecast 2019-2030, Thousand Units
& USD Million
-By End User
-Residential- Market Size & Forecast 2019-2030, USD Million
-Commercial Buildings- Market Size & Forecast 2019-2030, USD Million
-Retail- Market Size & Forecast 2019-2030, USD Million
-Health Care- Market Size & Forecast 2019-2030, USD Million
-Hospitality- Market Size & Forecast 2019-2030, USD Million
-Government & Transportation- Market Size & Forecast 2019-2030,
USD Million
-Oil & Gas- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
-By Sales Channel
-Direct Sales- Market Size & Forecast 2019-2030, USD Million
-Online- Market Size & Forecast 2019-2030, USD Million
-Authorized Distributors- Market Size & Forecast 2019-2030, USD
Million
-By Region
-North
-South
-Central
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Market Dynamics -Oman
Air Conditioner Market:
Hot Climate Conditions Driving Market Demand – One
of the primary factors driving Oman’s air conditioner industry is the country's
hot climate conditions. In summer the temperature rises to 58oC an average of
50oC, making the air conditioner necessity not just a luxury for maintaining
comfortable living and working. In urban areas, an air conditioning system is
even more needed due to the rising population density and infrastructure
development. The high demand for ACs in residential, commercial, and industries
is augmenting the size & volume of the Oman Air Conditioner Market.
Additionally, the excessive heat also pushes businesses and consumers to invest
in advanced air conditioning technologies to get better cooling and comfort. As
the climate continues to worsen and challenge daily life, the demand for
effective and efficient air conditioning will increase and significantly fuel
the market growth in Oman.
Increasing Demand for Eco-Friendly & Energy-Saving Solutions –
The Oman Air Conditioner Market has a big opportunity to grow and generate
revenue because more people are demanding cooling systems that use less energy
and are good for the environment. A large volume of the population is now
caring about the environment and the government is also taking various
incentives to use less energy to prevent global warming. These new ideas not
only save energy & money but also protect the environment. By focusing on
energy-efficient and green cooling solutions, market players can reach a wide
range of customers, that offer both competitive advantages and also follow
global trends toward sustainability. For instance,
·
In March 2023, LG Electronics introduced its
2023 product line-up at the Dealer Convention Conference that took place on the
8th of March in Oman, highlighting how air conditioning plays a vital role in
improving the quality of life, allowing people to live and work comfortably
even in the hottest and most humid weather conditions up to 58 degrees Celsius.
Hence, increasing demand for eco-friendly & energy-saving air
conditioners is offering lucrative growth opportunities for market players.
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