Market Overview:

This report presents an extensive evaluation of the GCC HVACR Market, focusing on historical data from 2018 to 2021 while offering detailed forecasts for the period between 2023 to 2028. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.

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Table of Contents (GCC HVACR Market)

  1. Executive Summary
  2. Market Definition & Research Methodology
  3. Market Dynamics: Drivers, Challenge, Trend and Opportunities
  4. Segment Analysis and Geographical Breakdown
  5. Competitive Landscape & Strategic Initiatives
  6. Regulatory Environment & Policy Factors
  7. Growth Forecast Model (2023–2028)
  8. Appendix: Company Profiles, Data Sources, Methodology

What’s covered in the report?

GCC HVACR Market Trend:

Preference for VRFs Over Chillers in the Commercial Buildings – With growing concerns over climate change & the optimum utilization of the available resources, there is a shift towards sustainability, i.e., encouraging the adoption of energy-efficient products like VRF for air cooling purposes. Along with this, the high energy consumption in commercial buildings of the GCC region, such as hotels & office complexes, is also elevating the demand for energy-efficient HVACs and, in turn, pushing the adoption of VRFs.

According to Kuwait Institute for Scientific Research, HVAC & lighting systems consume almost 65% of the annual electricity generation and about 85% of the yearly peak load. Hence, GCC’s commercial sector is witnessing the increasing adoption of VRFs as they are almost 30% more energy efficient than air-cooled chillers & packaged & mini-split systems. Therefore, the rising demand for energy-efficient HVAC systems is set to augment the GCC HVAC Market revenue growth in the years ahead.

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Leading players of GCC HVACR Market including:

  • LG Electronics
  • K.M. Air Conditioning
  • Carrier Corporation
  • Business Description
  • Others 
  • Gree
  • Samsung
  • Daikin Industries
  • Mitsubishi
  • Trane Inc.
  • Johnson Controls Inc.
  • Zamil Air Conditioners Holding Co. Ltd.
  • Others

GCC HVACR Market Segmentation:

By Type

  • Window AC
    • Up to 1 Ton
    • 1 to 2 Ton
    • Above 2 Ton
  • Split AC
    • Up to 1 Ton
    • 5 Ton
    • 6 to 2 Ton
  • Floor Standing AC
    • Up to 2 Ton
    • Above 2 Ton
  • Cassette AC
  • Packaged AC
  • Ducted Split AC
  • Centralized AC
    • FCU/AHU
    • Chillers
    • VRF
  • Refrigeration

By End User

  • Residential
  • Commercial Buildings
  • Retail
  • Healthcare
  • Hospitality
  • Government & Transportation
  • Oil & Gas
  • Industrial Facilities
  • Other Developing Industries (Hydrofarms, etc.)

The residential sector accounted for a considerable market share owing to the mounting expansion of residential buildings in countries like the UAE, Saudi Arabia, etc.

By Sales Channel

  • Direct Sales
  • Online
  • Authorized Distributors

By Country

  • Saudi Arabia
  • Oman
  • Qatar
  • Bahrain
  • Kuwait
  • The UAE

The UAE HVACR Market witnessed notable growth in the past, which was backed by rapid urbanization & an increased number of infrastructure development projects in the country.

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Key Highlights of MarkNtel Advisors' Research Methodology

  • MarkNtel Advisors uses a robust methodology for accurate market analysis.
  • Research objectives are clearly defined with tailored methodologies for clients.
  • A representative sample is selected to ensure reliable data collection.
  • Data analysis includes cleaning, statistical evaluations, and validation checks.
  • Predictive modeling forecasts trends, and reports include strategic recommendations.

About MarkNtel Advisors:

We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.

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