World AC Market – 2022 Update - AFRICA
2022-01-31
The African Development Bank (ADB) report has pointed out that in the current context, the African continent’s gross domestic product (GDP) will resume a 3.4% growth rate in 2021.The African room air conditioner (RAC) market in 2021 was a bright spot, with 3.1% growth and sales reaching 3.44 million units. With the exception of Angola and Libya which declined, all other markets increased. RAC market in Africa is divided into two major markets, Northern Africa, including Egypt and Algeria, and Southern Africa, i.e., the rest of the continent. The total number of units sold in Northern Africa reached 1.51 million units, and the total number of units in the rest of the African market was about 1.93 million units.