Market Insights Consumer Household Appliances Major Appliances

Air Conditioners - Kenya

Kenya

In Kenya, the revenue generated in the Air Conditioners market is estimated to be US$18.46m in 2024.
It is projected to have an annual growth rate of 4.18% (CAGR 2024-2029).
When compared to other countries globally, in China leads the way with a revenue of US$15,980m in 2024.
In terms of per household revenue, each household in Kenya is expected to generate US$1.44 in 2024.
Looking ahead, the volume in the Air Conditioners market is predicted to reach 53.4k pieces units by 2029.
In the following year, 2025, the segment is anticipated to experience a volume growth of 2.5%.
On average, each household is expected to have a volume of 0.00pieces in the Air Conditioners market in 2024.
These figures highlight the potential and growth of the Air Conditioners market in Kenya.
Kenya's air conditioner market is experiencing a surge in demand due to the country's hot climate and rapid urbanization.

Key regions: Indonesia, India, Japan, China, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.