Egypt Air Conditioner Market (2021-2027) | Revenue, Size, Share & 6wresearch
Egypt Air Conditioner Market Synopsis The Egypt Air Conditioner Market witnessed moderate growth during the period 2017-2020 underpinned by rapid growth in population and rising urbanization in the country. The Egyptian government has placed a strong emphasis on infrastructure and construction as a key engine of urban growth and financial stability on account of IMF (International Monetary Fund) backed economic reform program, 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 air conditioner market in Egypt is both manufacturing and import-dependent and the movement restrictions imposed during the pandemic period disrupted the supply chain leading to falling market demand hence the market revenues. According to 6Wresearch, Egypt Air Conditioner Market size is projected to grow at CAGR of 5.7% during 2021-27. The primary reason for the growth in the Egypt air condi...