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U.A.E. HVAC Market is Expected to Reach $1.4 Billion by 2024

Published Date:   March 2019

U.A.E. HVAC market is expected to reach $1.4 billion by 2024, registering a CAGR of 6.4%, during the forecast period, according to P&S Intelligence.

The growth in the market can be attributed to rising investments in the tourism-related projects, commercial infrastructure, and development in the overall transportation sector.

Insights into the market segments

On the basis of HVAC type, U.A.E. HVAC market is segmented into heating, ventilation, and cooling. Of these, ventilation category is anticipated to exhibit fastest CAGR during the forecast period, due to increasing development of commercial spaces like upcoming metro projects, shopping malls, hotels, and others in the country, where ventilation system is expected to find its widespread application.

U.A.E. HVAC Market

Based on cooling type, U.A.E. HVAC market has been segmented into room air conditioner (RAC), split units, variable refrigerant flow (VRF), ducted split/packaged unit, and chillers. Among these, VRF is expected to register fastest growth in the market. This can be attributed to the increasing construction of green buildings in the country, which is driving the demand for high-efficiency VRF systems.

Increasing construction projects in transportation sector

Increasing construction projects in transportation sector is one of the key drivers of U.A.E. HVAC market. U.A.E. is exhibiting rise in construction projects in transportation sector pertaining to metro railway expansion projects and construction of new airports. The country is registering major investments in transportation sector attributed to upcoming international trade fair World Expo in 2020.

Browse report overview with 76 tables and 53 figures spread through 141 pages and detailed TOC on "U.A.E HVAC Market by HVAC Type (Heating [Heat Pumps {Air Source, Water Source, Ground Source}, Furnaces {Gasoline, Propane, Electric}, Boilers {Fire-tube, Water-tube} Unitary Heaters], Ventilation [Ventilation Fans {Centrifugal Fans, Axial Fans, Domestic Exhaust Fans, Power Roof Fans}, Air Handling Units {Terminal Units, Makeup Air Units, Rooftop Units} and Fan Coil Units {Two-pipe, Four-pipe}, Humidifiers/Dehumidifiers, Air Cleaners {Type 1, Type 2, Type 3, Type 4, Type 5}], Cooling [Room ACs {Mini Splits, Window ACs}, Split Units, Ducted Split/Packaged Unit {Packaged Unit With Water Cooled Condenser, Packaged Units With Air Cooled Condenser}, Variable Refrigerant Flow {Heat Pump Systems, Heat Recovery Systems}, Chillers {Centrifugal, Screw, Scroll, Absorption, Reciprocating}]), by End-User (Commercial [Offices and Buildings, Supermarkets/Hypermarkets, Government, Healthcare, Hospitality, Transportation], Industrial [Oil and Gas, Food and Beverage, Automotive, Energy and Utilities], Residential), By Region (Dubai, Abu Dhabi & Al Ain, and Sharjah & Other Northern Emirates) – U.A.E. Market Size, Share, Development, Growth and Demand Forecast, 2014–2024" at:https://www.psmarketresearch.com/market-analysis/uae-hvac-market

Presently, there are several metro railway expansion projects that are in pipeline in the country. For instance, Abu Dhabi is expected to witness metro rail, which would be over 81 miles long. The first phase of this project is expected to be completed by 2020. This metro network would consist of four lines. In addition, along with metro network expansion, the country would be exhibiting construction of airports/expansions. For instance, in 2018, Sharjah Airport Authority has planned to build a new terminal by 2021.

U.A.E HVAC Market Competitive Landscape

In the recent past, facility expansion has been the major activities observed in U.A.E. HVAC market. Daikin Industries Ltd., and Johnson Controls International PLC have been observed as the forerunner in strategic developments in the last year. These company are majorly focusing on facility expansion to strengthen their position in the market.

Some of the major players operating the U.A.E. HVAC market includes, United Technologies Corporation, SKM Air Conditioning LLC., Zamil Air Conditioners, LG Electronics Inc., Gree Electric Appliances Inc. of Zhuhai, Mitsubishi Electric Corporation, Johnson Controls International PLC, Danfoss A/S, Ingersoll-Rand plc, Midea Group Co. Ltd., and Daikin Industries Ltd.

U.A.E HVAC Market Segmentation

Market Segmentation by HVAC Type

  • Heating
    • Heat Pumps
      • Air source
      • Water source
      • Ground source
    • Furnaces
      • Gasoline
      • Propane
      • Electric
    • Boilers
      • Water-tube
      • Fire-tube
    • Unitary Heaters
  • Ventilation
    • Ventilation Fans
      • Centrifugal fans
      • Axial fans
      • Domestic exhaust fans
      • Power roof fans
    • Air Handling Units
      • Terminal units
      • Makeup air units
      • Rooftop units
    • Fan Coil Units
      • Two-pipe
      • Four-pipe
    • Humidifiers/Dehumidifiers
    • Air Cleaners
      • Type 1: HEPA + Carbon
      • Type 2: HEPA + Carbon + Ionizer
      • Type 3: HEPA + Carbon+ UV
      • Type 4: HEPA + Carbon + Ionizer+ UV
      • Type 5: Other Technologies
  • Cooling
    • Room ACs
      • Mini splits
      • Window ACs
    • Split Units
    • Ducted Split/Packaged Unit
      • Packaged unit with water cooled condenser
      • Packaged units with air cooled condenser
    • Variable Refrigerant Flow
      • Heat pump systems
      • Heat recovery systems
    • Chillers
      • Centrifugal
      • Screw
      • Scroll
      • Absorption
      • Reciprocating

Market Segmentation by End-User

  • Commercial
    • Commercial Offices/Buildings
    • Hospitality
    • Transportation
    • Supermarkets/Hypermarkets
    • Healthcare
    • Government
    • Others (include educational institutions, cold storage facilities, data centers, banks, departmental stores, convenience stores, and stadiums)
  • Industrial
    • Food and Beverage
    • Oil and Gas
    • Automotive
    • Energy and Utilities
    • Others (include electronics, textile, pharmaceutical, manufacturing, glass, pulp and paper, shipbuilding, machinery, steel, cosmetic, rubber, tobacco, nuclear, toy, and, arms and ammunition, chemical and cement industries)
  • Residential

Market Segmentation by Region

  • Abu Dhabi & Al Ain HVAC Market
  • Dubai HVAC Market
  • Sharjah & Other Northern Emirates HVAC Market