Middle East & Africa Minibar Refrigerators Market Size & Outlook
Middle East & Africa minibar refrigerators market, 2017-2030 (US$M)
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MEA minibar refrigerators market highlights
- The MEA minibar refrigerators market generated a revenue of USD 35.5 million in 2022.
- The market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
- In terms of segment, absorption was the largest revenue generating technology in 2022.
- Thermoelectric/ Peltier is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Turkey is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 35.5 million |
| Market revenue in 2030 | USD 47.7 million |
| Growth rate | 3.8% (CAGR from 2022 to 2030) |
| Largest segment | Absorption |
| Fastest growing segment | Thermoelectric/ Peltier |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Absorption, Thermoelectric/ Peltier, Compression |
| Key market players worldwide | Dometic Group AB, Indel B, Felix Storch, Minibar Systems, Hisense Home Appliances Group Co Ltd Class H, TEFCOLD, Koolatron, Bartech Systems International |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.5% of the global minibar refrigerators market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 116.5 million by 2030.
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Minibar Refrigerators Market Scope
Minibar Refrigerators Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa minibar refrigerators market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to minibar refrigerators market will help companies and investors design strategic landscapes.
Absorption was the largest segment with a revenue share of 55.49% in 2022. Horizon Databook has segmented the Middle East & Africa minibar refrigerators market based on absorption, thermoelectric/ peltier, compression covering the revenue growth of each sub-segment from 2017 to 2030.
Many countries in the Middle East experience extreme temperatures, particularly high heat during the day. This makes it less convenient for hotel guests to venture out to find refreshments. Minibars provide a convenient solution by offering a selection of drinks and snacks within arm's reach.
Luxury resorts in the Middle East often provide minibars in their guest accommodations as a part of their premium services. In addition, certain conference and event venues in the Middle East have minibars in designated areas to provide attendees with refreshments during breaks.
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Target buyers of Middle East & Africa minibar refrigerators market databook
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Our clientele includes a mix of minibar refrigerators market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa minibar refrigerators market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa minibar refrigerators market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA minibar refrigerators market size, by country, 2017-2030 (US$M)
Middle East & Africa Minibar Refrigerators Market Outlook Share, 2022 & 2030 (US$M)
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