Home / Finance & Business / Economic Indicators / 3.2 billion dirhams, the size of the air conditioner market in the UAE, with a growth of 6.2%, 245 thousand units sold

3.2 billion dirhams, the size of the air conditioner market in the UAE, with a growth of 6.2%, 245 thousand units sold

August 13th

The market for home air conditioners in the UAE records an annual growth of between 4 and 6%, and companies confirmed that the market for home air conditioners continues to grow, driven by urban development, and the state’s tendencies to enhance energy efficiency, relying on sustainable devices, in addition to increasing demand for units connected to the Internet. , which can be easily controlled remotely, while the estimates of companies operating in the sector varied about the market value.

Representatives of these companies emphasized that the demand is increasing for energy-saving units with a high capacity for air treatment, in addition to smart technology devices such as operation control, temperature change and monitoring.

annual growth

Togrul Komal, Deputy Brand Manager at Hisense Middle East and North Africa, said: The category of home air conditioners in the UAE is witnessing high growth, while the company’s expectations indicate an annual growth rate ranging between 4 and 6% in sales of home air conditioners in the country for the current year, compared to By 2022, indicating that Hisense’s air conditioner sales recorded a 20% growth in the first half of 2023 at the regional and North African levels.

He added: The size of the home air conditioner market in the UAE currently ranges between 235 and 245 thousand units, stressing that shoppers prefer air conditioners, which have high energy ratings, effective cooling performance at high ambient temperatures, low sound levels, good quality and after-sales services. Trusted.

smart phones

Samer Alawiyeh, CEO of Daikin, UAE, said: “The value of the air conditioner market in general in the UAE amounted to about 3.2 billion dirhams for the year 2022, and it is expected to increase at a compound annual growth rate of 6.2% between 2023 and 2028, to reach to about 5.300 billion dirhams by 2028.

This growth is due to consumers seeking to improve the level of well-being and quality of life, as well as the growth of the real estate sector, and government initiatives that support economic development, which stimulates the demand for advanced air conditioners.

Recent figures indicate that the number of air conditioner units sold in the UAE during 2021 amounted to 375,000, and this number is expected to grow during the coming period, supported by the increasing demand for them in commercial and residential complexes, and the use of energy-saving air conditioners.

Samer Alawiah explains that one of the most prominent trends in the air conditioning market in the UAE is the high demand for smart air conditioners, which provide the user with the ability to control operation, change temperatures, and remote monitoring using Internet of Things technologies, in addition to smart systems that provide better contrast. temperature, and air quality, compared to conventional systems.

consumption efficiency

Sunny Yang, General Manager of TCL, Middle East and Africa, said: “The volume of air-conditioning market revenues in the UAE for 2023 is estimated at about $670 million (2.458 billion dirhams), while the market is expected to grow at a compound annual rate.” By 2.92%, during the years 2023-2028.

She added: Air conditioners with the highest energy efficiency and energy savings, which are connected to the wireless internet to support a smart lifestyle, have become the most prominent trend in the market today.

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