Massive investment flow and incentivized support to local and foreign investors led to a massive growth in Ethiopian air conditioner market in 2016. Ethiopia attracted $3.8 billion in foreign direct investment in the Ethiopian Fiscal Year (EFY) 2016/17, registering a 20% increase from EFY 2015/16. In the 2016/17 fiscal year, 381 projects became operational. However, after a year of tremendous growth, Ethiopian air conditioner market contracted in 2017 amidst the devaluation of the country's currency (Ethiopian Birr); the National Bank of Ethiopia (NBE) announced a devaluation of 'birr' by 15% resulting in payment delays.
Ethiopia Air Conditioner market is forecast to grow at a CAGR of 15.8% during 2018-24. Construction industry in Ethiopia is expected to boom primarily on account of increased public and private investment on development projects. The government's emphasis on developing nation's higher education capabilities is expected to construct over 10 new universities across the country over the coming years, which would add to the demand for air conditioners in the country.
Wall mounted air conditioner segment acquired majority of the volume share due to affordable prices and complications in installation of window air conditioners in high floored apartments and closed spaces. Floor standing air conditioner segment is expected to register a healthy growth in future due to lesser complexities in its installation and after sale services.
Residential, commercial and retail applications garnered the maximum of the revenue share from the air conditioner sales due to rapid commercialization of the urban areas of Addis Ababa and near-by regions. The government's decision to shift a significant number of offices in the region along with the recent completion of African Union headquarters and construction of Chuan Hui international tower given this sector a timely boost.
The report thoroughly covers the air conditioner market by AC types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical & Forecast data of Ethiopia Air Conditioner Market for the Period 2014-2024
- Historical & Forecast data of Ethiopia Air Conditioner Market Revenue for the Period 2014-2024
- Historical & Forecast data of Ethiopia Window AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Split AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia packaged AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Ducted Split/Ceiling Concealed AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Floor Standing AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Cassette AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Ceiling Suspended AC Market Revenue & Volume for the Period 2014-2024
- Historical & Forecast data of Ethiopia Centralized AC Market Revenue for the Period 2014-2024
- Historical & Forecast data of Ethiopia Centralized AC Market Revenue, By Components for the Period 2014-2024
- Historical & Forecast data of Ethiopia Air Conditioner Application Market Revenue for the period 2014-2024
- Historical data of Ethiopia Air Conditioner Regional Market Revenue for the Period 2014-2024
- Market Size & Forecast of Ethiopia Air Conditioner Market Revenue until 2024, By Regions
- Market Drivers and Restraints
- Recent Market Trends
- Players Market Share, By Type
- Recommendations
Markets Covered
The report provides detailed analysis of the following market segments:
- By Product Type
- Room AC
- Window
- Split
- Ducted AC
- Ceiling Concealed
- Packaged
- Ductless AC
- Suspended
- Floor Standing
- Cassette
- Centralized AC
- VRF
- AHU/FCU
- Condensing Unit
- Chiller
- Others
- Room AC
- By Applications
- Residential
- Commercial Buildings & Retail
- Govt. & Transportation
- Hospitality
- Oil & Gas
- Others
- By Regions
- Northern
- Western
- Eastern
- Southern
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Samsung Electronics East Africa Ltd.
- LG Electronics, Inc.
- Awal Gulf Manufacturing Co.(AGMCO)
- Daikin Middle East & Africa FZE
- Carrier Africa FZE
- GREE Electric Appliances Inc.