Heating & Cooling - Chad | Statista Market Forecast

In Chad, the revenue in the Heating & Cooling market is projected to reach US$7.72m in 2024.
This market segment is expected to witness a steady annual growth rate of 5.00% (CAGR 2024-2029).
When compared to global figures, United States generates the highest revenue in this market, amounting to US$126bn in 2024.
In terms of per capita revenue, each person in Chad generates US$0.41 in 2024.
Chad's heating and cooling market is largely driven by the demand for energy-efficient and cost-effective solutions due to the country's hot and arid climate.

Definition:

In the segment of Heating & Cooling, the focus lies on various heating and cooling systems which can be found inside buildings. Included in this segment regarding cooling are mainly air conditioners and cooling supplies.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Air conditioners & coolers
Heating systems & heaters
Stoves, fireplaces & chimneys
Heating & cooling supplies

Air treatment devices (purifier, humidifier, etc.)
Ventilators
Solar systems for heating support

The Heating & Cooling market in Chad nan is seeing minimal growth due to factors such as low consumer awareness, limited access to digital technology, and reliance on traditional methods. Online services and DIY options could potentially drive growth in the future.

Customer preferences: The DIY & Hardware Store Market in Chad has seen a rise in consumer demand for energy-efficient and environmentally friendly heating and cooling options. This trend is driven by increasing awareness of the impact of climate change and a desire to reduce energy costs. Additionally, with Chad's dry and hot climate, there is a growing preference for air conditioning and cooling solutions. This has led to an increase in the availability of these products in DIY & Hardware stores, catering to the specific needs of the local market.

Trends in the market: In Chad, the DIY & Hardware Store Market is experiencing a surge in demand for energy-efficient products, including heating and cooling systems. This trend is driven by the rising cost of electricity and efforts to promote sustainability. As a result, there is a growing market for energy-saving systems, such as solar-powered air conditioners and smart thermostats. This trajectory is significant as it reflects a shift towards environmentally-friendly practices and presents opportunities for both manufacturers and retailers. However, the potential implications for industry stakeholders include the need for continued innovation and product development to meet consumer demands and stay competitive in the market.

Local special circumstances: In Chad, the Heating & Cooling Market within the DIY & Hardware Store Market is influenced by the country's extreme climate, where temperatures can reach over 40 degrees Celsius. This has led to a high demand for air conditioning units and cooling systems. Additionally, the country's lack of infrastructure and unreliable electricity supply has created a need for products with energy-efficient features. These local factors have contributed to the growth of the market and also influenced the types of products and services that are offered by retailers in the DIY & Hardware Store Market.

Underlying macroeconomic factors: One of the key macroeconomic factors impacting the Heating & Cooling Market within the DIY & Hardware Store Market in Chad is the country's overall economic health. Chad has a largely agrarian economy, heavily reliant on oil exports. However, fluctuations in global oil prices can greatly affect the country's economic performance, which in turn impacts consumer spending and demand for goods such as heating and cooling equipment. Moreover, the government's fiscal policies play a significant role in shaping the market, particularly in terms of infrastructure development and investment in the construction sector. Other factors such as political stability, income levels, and population growth also play a crucial role in determining market growth and consumer behavior in Chad's DIY & Hardware Store Market. These macroeconomic factors highlight the importance of a stable and supportive economic environment for the sustainable growth of the heating and cooling market in Chad.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The heating, ventilation, and air conditioning (HVAC) technology provides environmental comfort through thermal manipulation (heating and air conditioning) and acceptable indoor air quality (ventilation). Sometimes refrigeration is also included in the field as HVACR. The HVAC industry is largely fueled by regional regulations and differences: Asia was said to have one of the largest HVAC market sizes, with a larger demand for air conditioners than in other regions. Meanwhile, Italy was one of the European countries with the biggest heat pump markets in 2020. Due to these differences between countries, there is little to no comparative information on this competitive market. In the United States alone, for example, a certain level of fragmentation can be observed, as the number of employees in the plumbing and HVAC industry varied widely from state to state.