The African air conditioner market has huge potential, thanks to its hot climate, large population, and low air conditioner penetration rate, among other factors. These days, it is attracting greater attention from global air conditioner manufacturers, as part of the Global South.
Regarding the economic situation in 2024, 3.5% year-on-year growth is expected in Africa, a slight increase from 3.3% in 2023, according to the United Nations. By region, the East is forecasted to maintain the highest growth rate at 5.5%, the West at 3.8%, the North at 3.2%, the Central at 3.1%, and the South at 2.3%.