MEA VRF Systems Market Future Prospects
In 2024, The MEA VRF systems market size is valued at an estimated USD 776.3 million, and it is estimated to advance at a CAGR of 11.8% during 2024-2030, to attain USD 1,497.0 million by the end of the decade. The growth in the VRF systems industry is propelled by the growing usage of power-efficient technologies in the MEA region, which is boosted by economic diversification, increasing construction activities, and greater ecological consciousness.
In this region, several nations are uniquely contributing to the market's enlargement. For example, Saudi Arabia, a key regional economy, contributes a significantly because of its ambitious Vision 2030 projects, such as NEOM, The Red Sea Project, and Qiddiya entertainment city.
Such large-scale developments need enhanced and power-efficient HVAC solutions such as VRF systems to manage wide cooling requirements while fulfilling stringent power efficiency standards. Likewise, in the U.A.E., the emphasis on sustainable construction, mainly in Dubai and Abu Dhabi, has propelled need for VRF systems. The U.A.E.'s Green Building Regulations and Specifications need power-efficient technologies in buildings, which has encouraged the acceptance of VRF systems in both commercial and upscale residential projects.