Saudi Arabia Residential AC Market Analysis Report 2022: A $917.8 Million Market in 2030 - Increasing Preference for Energy-efficient Air Conditioners
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Saudi Arabia Residential AC Market Size Analysis Report by Product Type, Distribution Channel - Industry Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
- DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Saudi Arabia Residential AC Market Size Analysis Report by Product Type, Distribution Channel - Industry Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
- In 2021, the Saudi Arabian residential AC market accounted for a size of $521.6 million, and it is expected to grow at a 6.5% CAGR between 2021 and 2030, to hit $917.8 million in 2030.
- The major reasons behind the growth of this market are the rising humidity and heat in the climate, surging per capita income, and increasing investments in the residential industry.
- In Saudi Arabia, ACs are a necessity, not a luxury, due to the growing humidity and heat in the atmosphere.