GCC Air Conditioner Market Outlook 2025 by Goldstein Market Intelligence

GCC Air Conditioner Market Outlook

GCC Air Conditioner Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025

Report Code :CR 1335

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GCC Air Conditioner Market Outlook

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GCC Air Conditioner Market, 2017-2025

GCC Air Conditioner Market Outlook (Factors Covered in Air Conditioner Market Report)  Research Methodology     

Secondary Research Primary Research Data Analyzing & Market Size Estimation Research Design Bottom-Up & Top-Down Approach

 Market Environment          

GCC Economic Overview Macroeconomic Outlook GCC Air Conditioner Market Demographic Trends Pricing Pattern Investment Outlook Technology Outlook Construction Industry Outlook HVAC Industry Outlook ICT Industry Outlook

 Regional Industry Analysis      

Manufacturing Outlook Regional Supply & Demand Outlook Legal & Regulatory Scenario Analysis Regional Energy Production & Energy Consumption Analysis Competitive Strategies Acquisitions & Divestures

 Executive Summary    

Market Size (USD Million) Forecast Analysis (2017-2025) Market Share & CAGR (%) Regional Share Distribution (%)

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GCC Air Conditioner Market  Market Dynamics

 Growth Drivers  Market Restraints  Risk Analysis (Demand Risk & Supply Risk Analysis)  Recent Trends & Developments  Opportunities for Market Players

 Air Conditioner Market Segmentation

 By Products, 2017-2025

 Window Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Split Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Packaged Air Conditioners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Centralized Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Other Air Conditioners (Free Standing, Cassette Air Conditioner, etc.) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  BPS Analysis & Attractiveness

 By End User, 2017-2025

 Commercial User (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Residential User (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  BPS Analysis & Attractiveness

 By Regional Segmentation, 2017-2025  GCC Air Conditioner Market Outlook, 2017-2025  

Market Size (USD Billion), Market Share (%), Y-O-Y Growth Rate(%), 2017-2025 GCC Air Conditioner Market Analysis, By Country  Saudi Arabia Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  UAE Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Oman Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Bahrain Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Qatar Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Kuwait Air Conditioner Market Outlook (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  BPS Analysis & Market Attractiveness

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GCC Air Conditioner Market  By Products, 2017-2025

 Window Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Split Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20172025)  Packaged Air Conditioners (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Centralized Air Conditioner (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  Other Air Conditioners (Free Standing, Cassette Air Conditioner, etc.) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  BPS Analysis & Attractiveness

 By End User, 2017-2025

 Commercial User (Market Size ($ Billion) & Y-o-Y Growth Analysis, 20172025)  Residential User (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2025)  BPS Analysis & Attractiveness

 Competitive Outlook  

Market Share of Major Players (2017) Company Profiles  LG Electronics  Company Synopsis  Business Strategy  Product Portfolio  SWOT Analysis  Samsung Electronics Co. Ltd.  Koninklijke Philips N.V.  AHI Carrier FZC  Fujitsu General (ME) FZE  GREE Electric Appliance Inc.  Mitsubishi Electric Corp.  Trane Inc.  Johnson Controls (YORK)  DAIKIN MCQUAY Middle East FZE  Zamil Air Conditioners (ZAC)  S.K.M Air Conditioning LLC  Petra Engineering Industries Co.

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GCC Air Conditioner Market  Porter’s Five Force Model  Market Landscape: Competition and Beyond  Market outlook for existing business players and entry level  Expert Analysis  Concluding Remarks

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GCC Air Conditioner Market Outlook

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GCC Air Conditioner Market Outlook GCC Air Conditioner Market Size (USD Billion), 2017-2025

GCC Air Conditioner Market Share (%), By Geography -2017-2025

XX XX

XX% CAGR: (2017-2025)

XX XX

14.00% 20.00%

16.00%

e l p 19.00%

14.00%

XX XX XX 2017e 2018f

2019f

2020f

Source: Goldstein Research

m a S 2021f

2022f

2023f

2024f

2025f

Saudi Arabia

UAE

17.00%

Oman

Bahrain

Qatar

Kuwait

Source: Goldstein Research

Centralized Air Conditioner accounted for the highest market share XX% in GCC Air Conditioner Market In 2017,

GCC Air Conditioner Market Share(%), By Products-2017

15.00%

With

XX% share in 2017, Saudi Arabia dominated the GCC Air Conditioner market

GCC Air Conditioner Market Share (%), By Applications -2017

21.00%

25.00% 23.00%

16.00%

Window Air Conditioner

Split Air Conditioner

Packaged Air Conditioners

Centralized Air Conditioner

Other Air Conditioners

Source: Goldstein Research

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Commercial User

Residential User

GCC Air Conditioner Market Outlook  The GCC air conditioner market registered an impressive growth in 2017 with all the countries demonstrating positive growth. Saudi Arabia stood as the largest air conditioner market in 2017.  Increased consumer power and competition: Peer opinion plays a more important role and competition between brands and models has increased making it even more important to use every opportunity to stand out from the crowd.

High Consumer Spending Power

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• Increased awareness for sustainability issues: The trend towards environmentalconsciousness is expected to continue as natural resources are depleted at an increasing rate and as waste becomes a bigger problem. According to one study XX % of the population is actively looking for sustainable products. Regulatory demands also add extra fuel to this trend and will play an important role for brand owners.

Technological Advancements

• Continuous and fast development of commercial building has led to huge demand for air conditioner across the region. Infrastructure development projects including metros & airports, construction of new hotels & malls along with government initiatives to build world class infrastructures have led for the growth of air conditioner market in overall GCC countries. But, the demand is witnessed to have been inclining towards energy efficient products and thus there is huge impact of the building energy management system.

Cost & Energy Efficient Products

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• Commercial buildings consume almost XX% of the energy produced, while both commercial and residential buildings produce about XX% of the greenhouse gas emissions. Additionally, buildings consume over XX% of the electricity produced. Thus, energy management is one of the many tools that can be used to operate buildings more efficiently to deal with such large consumption and pollution rates.

Smart Homes

GCC Air Conditioner Market Size (USD Billion), 2017-2025 Saudi Arabia

Bahrain

UAE

2017

USD XX Billion

2025

USD XX Billion

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GCC Air Conditioner Market Outlook

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Research Methodology

Goldstein Research follows a comprehensive and rigorous research methodology to provide you accurate estimates and forecast of a particular market. We provide estimates, forecast and analysis primarily based on secondary research, primary interviews, in-house database and other free as well paid sources.

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Our company follows simultaneous top down and bottom approach in order to provide you the accurate market sizing. Data triangulation method is strictly followed where we triangulate the data from all the aspects, be it Function Type, application, industry verticals, material, product type or geography. In addition, the research methodology we follow is a systematic approach in order to estimate and project the market sizing keeping in mind all the on-going and upcoming trends of the market. We conduct both primary and secondary research in order to estimate a market and validate our key findings.

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We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Our team of Analysts and experts dedicatedly put their effort to provide you the best possible and accurate data and analysis. Adding to that; technological, economic, cultural and social aspects along with the regulatory barriers are completely analyzed to understand the comprehensive market scenario across different geographies. Understanding the market from both buyer and seller point of view is important to track a market and provide analysis on the same. We not only provide the market data of the four geographies as a whole, namely, North America, GCC, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World (RoW) but we also provide you qualitative as well we qualitative information on country level bifurcation. We at Goldstein Research provide you: • Precise Estimates and Forecast • Authentic Analysis • In-depth Data and Analysis • Authentic Sources • Reliable Data and Analysis

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GCC Air Conditioner Market Outlook

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Major Players Presence-Regional Analysis

Major Players/ Industries

Saudi Arabia

UAE

Oman

Bahrain

Qatar

Kuwait

LG Electronics Samsung Electronics Co. Ltd. Koninklijke Philips N.V Mitsubishi Electric Corp. AHI Carrier FZC Fujitsu General (ME) FZE GREE Electric Appliance Inc. Trane Inc. Johnson Controls Daikin Mcquay Zamil Air Conditioners (ZAC)

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Sample

S.K.M Air Conditioning LLC Petra Engineering Industries Co.

High Penetration Copyright

Medium Penetration

Low Penetration

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GCC Air Conditioner Market Outlook

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GCC Air Conditioner Market Size (USD Billion) & Growth Analysis GCC Air Conditioner Market Size (USD Billion), 2017-2025 XX

XX 2017e

m a S

2018f

Source: Goldstein Research

2019f

2020f

2021f

e l p

2022f

2023f

2024f

2025f

ď&#x192;źGCC Air Conditioner Market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2017-2025. The market is anticipated to reach USD XX Billion by the end of 2025. The Government across GCC countries have implemented new rules to promote energy efficiency in the country, especially for HVAC-R systems which consume the largest share of electricity in the country. Thus, there is growing demand for more efficient cooling solutions from residential and commercial construction industry along with surging demand for the replacement of old cooling systems. ď&#x192;źThus, the lucrative market for cooling solutions in Saudi Arabia has attracted many of the top companies from across the globe to expand their operations in the Kingdom. The leading companies in the country are LG Shaker, Zamil, Samsung, Gree, Daikin among others.

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GCC Air Conditioner Market Analysis, 20172025 GCC Trade (Units) of Air Conditioner, 2017-2025 Year, Trade

2017

2018

2019

2020

2021

2022

2023

2025

Exports

Imports

Source: Goldstein Research

GCC Sales (Units) of Air Conditioner, 2017-2025 XX XX XX

XX XX

m a S XX

2017

2018

Source: Goldstein Research

2019

2020

2021

e l p

2022

2023

2024

2025

GCC Sales (in Units) of Air Conditioner, By Countries, 2017-2025 Year, Country

2017

2018

2019

2020

2021

2022

2023

2025

Saudi Arabia

UAE

Oman

Bahrain

Qatar

Kuwait

Source: Goldstein Research

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GCC Air Conditioner Market Outlook

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Growth Drivers Air Conditioner Market – Economic Drivers

Surging Construction Market in GCC Region  People from time to time need to travel to other places for a short period of time, and often it is not possible for the owner to take their pet along. At this time a robot can take some of the task of caretaking the pet.  Furthermore, companion pet robots can be positive for the senior citizens. Robot animals, or therapetic robots allow the documented benefits of animal therapy in hospitals and extended care facilities.  The technology used in Air Conditioner and engaging with owners has steadily improved. Today, robotic pets can do a lot of tricks. Their softwaredriven interaction with humans is far more realistic, as well.

Sample

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Source: Goldstein Research

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GCC Air Conditioner Market , By GCC Construction Industry (USD Billions)

E-Commerce across the world is growing rapidly. In 2017, almost XX million people made a web-based purchase. Some of these online stores are showing a XX% to XX% annual growth rate.

The government is expected to continue with awareness campaigns promoting consumption of healthy drinks at primary and secondary schools; this brings new opportunities for production of Air Conditioners.

Impact Analysis: Local Air Conditioner manufacturers are becoming more inclined towards traveling to trade fairs abroad looking for growth opportunities.  Air Conditioners being the holistic solution for health improvement, rising Aloe Vera trade with less regulatory norms, marketing campaigns, growth in retail market and introduction of new flavours and variants are impacting the Air Conditioner market

Breakfast remains a important meal, while households with children include mostly juice and dairy products.

Source: Goldstein Research

High

Medium

Low

Impact on GCC Air Conditioner Market Copyright

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Market Restraints Lack of Energy Efficiency Standards  Being in nascent stage, the pet companion robot manufacturers are more prone to risk of unforeseen obstacles and can face problems related to production and shipments of orders.

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 Across the globe, very few percentage of pet owners are open to leave their pets with the robots. Moreover, considering the cost of the product, the pet owners hesitate to spend that much amount. Also the life span of the pet robots is still uncertain, so there is persistent doubt of money being wastes or utilized.

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 Further, since the pets would be spending more time with the robots, they might loose their bond with their owners. There is also a threat to pet’s safety & difficulty in adapting & gaining expertise in handling robots, are also some of the factors inducing negative impact in the growth of the market.

Sample

Product Life Cycle and Impact on Environment

Impact Analysis: Air Conditioner life cycle assessment is necessary in order to comply with the norms and regulations. Thus, the assessment involves use of time and money and disrupting the manufacturing processes and eventually the supply of materials.

Impact on GCC Air Conditioner Market High

Medium

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Low

GCC Air Conditioner Market Outlook : 20172025

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GCC Air Conditioner Market Outlook : 20172025 GCC Air Conditioner Market Share (%), By End User, 2017-2025

35.00%

Commercial User

XX%

2025

2017

XX%

65.00% Residential User

Source: Goldstein Research

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The Air Conditioner market size is set to reach USD XX billion by 2025, growing at a CAGR of XX% over the forecast years. As per the trends it has been noted that XX% of the world’s population owns a pet, who are potential to purchase a pet companion robot.

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Sample

GCC Air Conditioner Market Y-O-Y Growth, By End User, 2017-2025

XX%

2017e

2018f

2019f

XX%

2020f

2021f

2022f

XX%

2023f

XX%

2024f

XX%

In 2017, stationary robot acquires larger market share, but the increasing application of advance technologies such as AI, the movable robots market is anticipated to acquire major market share by the end of forecast period. The benefits of purchasing a robot into your household is their ability of multitasking. Companies nowadays are trying to create a robot that can do multiple functions quicker with more attention to detail with minimum amount of noise.

2025f

Source: Goldstein Research

GCC Air Conditioner Market Size (USD Billion), By End User -2017-2025 XX

2017

2025 Commercial User

Residential User

Source: Goldstein Research

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GCC Air Conditioner Market Attractiveness and BPS Analysis by End User, 2017-2025 GCC Air Conditioner Market Attractiveness-By End User, 2017-2025 XX% XX%

CAGR (%)

XX% XX% XX% XX% XX% XX% XX% XX% XX

e l p XX

Market Size (USD Billion) Commercial User

m a S

Source: Goldstein Research

Residential User

Water based adhesive segment holds the largest revenue share in the GCC Air Conditioner market as this segment constitutes which is impacted by the rising cognizance among the household users and thus it is likely to expand at XX% CAGR during the forecast period.

SAMPLE

Air Conditioner market is relying on the adoption of EHR (Electronic health record) software by various healthcare facility providers in order to stand ahead in future. Behavioral health EHR creates a world of difference to the staff and patients and goes the extra mile giving advanced capabilities such as it include support for documenting violence risk factors, suicide risk factors, or sadness scales.

GCC Air Conditioner Market BPS Analysis- By End User, 2017-2025 XX% XX% XX%

40%

XX%

35%

Residential User

XX% XX% XX%

Commercial User

XX%

60%

65%

2017

2024

XX% XX% XX%

Source: Goldstein Research

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Regional Analysis of GCC Air Conditioner Market

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GCC Air Conditioner Market Size (USD Billion) & YO-Y growth (%), By Region- 2017-2025 GCC Air Conditioner Market Size(USD Billion)-2017-2025 XX XX

XX%

XX XX

XX%

XX XX

XX%

CAGR: (2017-2025)

XX%

XX% XX%

e l p XX%

XX XX

XX%

XX XX 2017e

2018f

m a S

2019f

Source: Goldstein Research

2020f

2021f

GCC Air Conditioner Market Size (USD Billions), By Country-2017-2025 XX

XX%

2023f

XX%

2024f

2025f

GCC Air Conditioner Market Size (USD Billion), By End User -2017-2025 XX

XX%

2022f

XX%

XX XX%

XX%

XX% 2017 Saudi Arabia

UAE

Oman

Qatar

Bahrain

Source: Goldstein Research

2017

2025

Kuwait

Commercial User

2025 Residential User

Source: Goldstein Research

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GCC Air Conditioner Market Outlook, 2017-2025

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U.A.E. Air Conditioner Market Size (USD Billion) & YO-Y growth (%), 2017-2025 U.A.E. Air Conditioner Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2017-2025 XX XX

XX%

XX XX XX

XX XX

XX XX XX

XX%

XX XX XX 2017e

2018f

XX%

2019f

XX%

2020f

2021f

Source: Goldstein Research

Key Insights

e l p

2022f

2023f

2024f

XX% XX% XX% XX% XX% XX% XX% XX% XX%

2025f

U.A.E. Investments in Air Conditioner, 2017-2025

UAE Air Conditioner market accounted for USD XX billion in 2017 which tends to increase at a CAGR of XX% over the forecast period and reach the valuation of USD XX billion by 2025. Cyber-attacks pose a significant threat to oil and gas companiesâ&#x20AC;&#x2122; supply chains, and in turn, could impact oil-based economies. The UAE leads the way in technology invest

XX%

m a S XX%

XX%

CAGR: (2017-2025) XX

XX%

XX XX XX XX

Sample

ent, with Dubai launching a Air Conditioner strategy in 2017, focused on areas including enhancing awareness in public and private sectors, research and development (R&D), data privacy and business continuity.

2012

2013

2014

2015

2016

Source: Goldstein Research

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2017

2018

GCC Air Conditioner Market Attractiveness-By Country, 2017-2025 GCC Air Conditioner Market Attractiveness-By Country, 2017-2025 XX% XX%

CAGR (%)

XX% XX% XX% XX% XX% XX% XX

Market Size (USD Billion) Saudi Arabia

U.A.E.

Source: Goldstein Research

e l p m Oman

Bahrain.

Kuwait.

Qatar

According to the above graph, UAE Air Conditioner market is anticipated to be the most attractive market across all the countries in Air Conditioner market, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2017-2025

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SAMPLE

Oman Air Conditioner market is growing at a fastest rate of XX% CAGR, thus Oman market share is expected

GCC Air Conditioner Market BPS Analysis- By Country, 2017-2025

Source: Goldstein Research

www.goldsteinresearch.com Kuwait

B ahrain

Q atar

Om an

UAE

Sau di Arabi a

GCC Air Conditioner Market Outlook Outlook : 2017-2025

COmpany prOFiling Connect With Us:

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GCC Air Conditioner Market Outlook

kOninklijke philips n.v. Connect With Us:

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GCC Air Conditioner Market Outlook Koninklijke Philips N.V. (Company Overview & Business Strategy)

Founded 1891

Employees 114,731

Company Overview 

Koninklijke Philips N.V. is a Dutch multinational electronics company headquartered in, Netherlands.



The Company operates through three geographic segments: Americas; GCC, the Middle East and Africa (EMEA), and Asia Pacific (APAC).

 



Koninklijke Philips N.V is traded on NYSE stock exchange, America.

Website

Headquarters Netherlands

www.philips.com

Major Products Personal Care Sleep and Respiratory Care

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The company also provides healthcare informatics, solutions& services to health care sector and it is one of the leading electronics company in healthcare sector across the globe The Company delivers integrated diagnostic solutions to hospitals across various disciplines such as radiology, pathology and genomics, aided by artificial intelligence and practice management software.

Domestic electric Appliances

Diagnosis and Treatment Solutions

Connected Care and Health Informatics Lighting Solutions

Business Strategy



Acquisition and Investment Strategy: The company is focusing towards the expansion of its product portfolio by acquiring tother companies such as TomTec Imaging systems Gmbh, Health & Parenting Ltd., CardioProlific Ltd., the spectranetics Corporation, Electric Geodesics, RespirTech, Volcano and many more. Aforementioned acquisitions have resulted in a wide range of outcomes, from successful introduction of new products and technologies. Company make investments in privately held companies that develop technology or provide services that are complementary to their products. The company also pursues strategic alliance with other electronics and technology companies such as Kossmann.dejong, Cofely, Schiphol Group, Cisco, SAP, Ericsson and other to enhance the production of the industry

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GCC Air Conditioner Market Outlook XX

Revenue (USD Billion)

CamToy Corporation(Revenue & Financial Analysis) XX

2014

e l p m e 2015

2016

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Fig: 9-2 Material Handling Equipment Sales (Thousand Units), 2014-2017 Fig: 9-3 Hertz Corporation Corporation Revenue (USD Billion), 2014-2017 XX

XX XX

XX XX 2014

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XX XX

Business Strategy

2015

XX XX XX XX

2016

2014

2015

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2016

GCC Air Conditioner Market Outlook CamToy (Business Segments & Recent News)

Fig :- 9-4 CamToy Revenue (%)-By Business Segments, 2017 XX%

XX%

Autom otive XX%

XX%

Fig :- 9-5 CamToy Revenue (%), By Region, 2017

XX%

Materi al Handli ng

XX%

Japan NorthAmerica

XX%

Europe Asia XX%

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Other

Key Findings

 Hertz Corporation Corporation (TICO) has signed an agreement to acquire Vanderlande – the GCC market leader for value-added logistic process automation at airports and in the parcel market, as well as being a leading supplier for warehouses – from the company’s current owner NPM Capital

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 Hertz Corporation Corporation announces that it has concluded an agreement with major North American materials handling systems integrator Bastian Solutions LLC (“Bastian”) to acquire the company. The acquisition of Bastian signify Hertz Corporation' full-scale entry into the North American materials handling solutions industry amid the e-commerce boom. Strategy Business  To expand company’s presence in emerging countries, Hertz Corporation acquired the lift truck business of Taiwan-based Tailift Co., Ltd. In August 2015. By capitalizing on Tailift’s strength, company aimed to increase its sales in emerging c9oountries where market expansion is expected over the medium to long term.

Improves quality control structure and GCCization: The company has adopted various methods to enhance their manufacturing structure which helps the company to improve the quality of their automobile products. Moreover, the company is looking forward towards expansion of GCCization. CamToy Motors adopted Hertz Corporation GCC Vision in 2011 to improve the quantitative expansion across the globe. The company is investing a huge amount for research and development activities to introduce the future of material handling equipment such as hydrogen powered forklifts and automated guided vehicles. The company spend USD 588.11 Million in 2017 for research and development of their products and services. Hertz Corporation motors is one of the largest automobile and mental health software across the globe and expected to lead other GCC companies in near future.

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GCC Air Conditioner Industry Outlook

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Expert Analysis  In 2017, Air Conditioner dominated the centralized air conditioner market; with a market share of segment accounted for nearly XX% of the total Asia-Pacific & Africa point of care testing (POCT) devices market and remaining XX% went for different enduse segments such as homecare settings. The main reason for this despaired share is due to the rising demand for point of care testing devices in Air Conditioner on the back of their advantages such as faster and precise results  However, as the medical device technology is on rise (especially in developing countries), the Africa therapeutic market is projected to reach USD XXXX million in 2023 from USD XXXX million in 2017, registering a growth rate of XX%. In addition to that, Africa pharmaceutical market touched USD XXXX million in 2017 and rising demand for prescription medicines in the region is expected to accelerate the market to USD XXXX million by the end of 2023

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 As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by Air Conditioner . Moreover, the rising healthcare expenditure in Africa on the back of new healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region  With USD XXXX million in 2017, blood glucose monitoring devices has the highest demand followed by located hemoglobin (HbA1c) testing devices and blood collection devices. The advancement in diagnostic devices are encouraging the hospitals and Air Conditioner to adopt the advanced devices to obtain accurate diagnosis data. The Business Strategy precise data would further help the physicians to provide better treatment to the patients

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 Further, increasing spending by government authorities on research and development of innovative and advanced medical devices along with rising disease burden are some of the major reasons behind the spiked growth of Asia-Pacific & Africa point of care testing (POCT) devices market  Further, increasing spending by government authorities on research and development of innovative and advance connected devices along with rising disease burden are some of the major reasons behind the spiked growth of Middle East & Africa Air Conditioner market.

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GCC Air Conditioner Market Outlook

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