The Middle East and Africa (MEA) HVAC market is expected to generate revenue of USD 13,267.7 million by 2030, registering a CAGR of 5.1% during the forecast period (2024–2030).
The growth of the market can be presented by the note-worthy investment in the construction of commercial buildings, infrastructure, and government projects such as railway stations, airports, bus terminals, and education institutions. In addition, the installation of HVAC systems is gaining momentum, due to the rapid development of the commercial sector and the significant change in the climate in the region.
In addition, major market players have been involved in introducing advanced products to gain a key position in the industry. For instance, Daikin Industries Ltd. initiated optional equipment tools for productive inverter screw chiller; series with refrigerant R-1234ze(E). The water-cooled chiller range is available from 340 kW to 1600 kW of cooling capacity, the chiller range (TZ series) is available from 130 kW to 830 kW cooling capacity, and the water-cooled chiller range is available from 340 kW to 1600 kW cooling capacity.
On the basis of HVAC type, the Middle East and Africa HVAC market is categorized into heating, cooling, and ventilation, wherein the cooling category is further classified into VRF, split unit, ducted split/packaged unit, room air conditioners (RACs), and chillers. Of these, during the forecast period, the VRF category is projected to witness the fastest growth.
Some of the key players operating in the Middle East and Africa HVAC market are Johnson Controls International PLC, Ingersoll Rand Inc., United Technologies Corporation, Daikin Industries Ltd., Mitsubishi Electric Corporation, Toshiba Carrier Group, LG Corporation, Fujitsu Limited, Midea Group, Gree Electric Appliances Inc. of Zhuhai, and Danfoss A/S.