Tanzania Air Conditioner (AC) Market (2021-2027) | Size, Share & 6wresearch

Tanzania Air Conditioner Market Overview

The Tanzania air conditioner market witnessed a moderate growth during the period 2017-2020 underpinned by rising urbanization in the country. The Tanzanian government has placed a strong emphasis on infrastructure and construction as a key engine of urban growth and financial stability, henceforth driving the growth of air conditioner market in the country. However, the covid-19 pandemic brought a decline in market revenues during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain leading to fall in market demand and hence the market revenues.

According to 6Wresearch, the Tanzania Air Conditioner Market size is projected to grow at a CAGR of 5.5% in terms of revenues during 2021-2027. The primary reason for growth in the Tanzania air conditioner industry can be attributed to the upcoming aviation, railways and hospitality sector projects in the country which includes the international airport in Msalato and Tanzania SGR project. Moreover, the rising economy and per capita income of Tanzania would play a crucial role in improving the living standards and in increasing the disposable income of the Tanzanians, hence boosting the sales of home appliances including air conditioners in the country.

Tanzania Air Conditioner Market

Market by Types Analysis

On the basis of types, room air conditioner acquired majority of the revenue share of the air conditioner market in the country. This is on the account of higher penetration of room air conditioners in the residential, commercial and retail segment that majorly deploy split air conditioners.

Key Highlights of the Report

Tanzania Air Conditioner Market Overview
Tanzania Air Conditioner Market Outlook
Tanzania Air Conditioner Market Trends
Tanzania Air Conditioner Market Forecast
Covid-19 Impact on Tanzania Air Conditioner Market
Market Drivers and Restraints
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Tanzania Air Conditioner Market Share, By Market Players
Tanzania Air Conditioner Market Value Chain and Ecosystem

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