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MENA HVAC Market By Product Type (Direct Expansion Systems and Central Air Conditioning Systems) By Direct Expansion Systems (Split, Window, Ductable Split, VRF, Cassette and Others) By Central Air Conditioning Systems (Chillers, Boilers, Cooling Towers, Air Handling Units, Fan Coil Units, HVAC Control System and Others) By End-user (Commercial, Residential, Institutional, Marine & Offshore, Oil & Gas, Power and Others), By Region, Company Forecast & Opportunities, 2027

  • Description
  • Table of Content
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  • Related Reports
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MENA HVAC market is expected to grow at a significant rate in the forecast period. The booming construction industry in the MENA region is accelerating the demand to install HVAC units to ensure efficient ventilation and distribution of air. The Upcoming global events such as Expo 2021 Dubai and the 2023 FIFA World Cup in Qatar are expected to attract a large number of tourists to visit the MENA region, which in turn is anticipated to fuel the growth of the tourism industry. The surge in demand for the installation of the VRF systems in the high-rise buildings owing to the several benefits offered by the VRF systems such as lower utility cost, improved air quality, customized control, and elimination of the water piping, among others. They also aid in the installation of ductable split systems by connecting several units to form an efficient ventilation and distribution HVAC system. The rise in consumer awareness regarding the adverse effects of global warming and the emission of carbon dioxide into the environment is increasing the adoption of energy-efficient HVAC systems.

MENA HVAC market is segmented into product type, end-user, regional distribution, and company. Based on the end-user, the market can be divided into commercial, residential, institutional, marine & offshore, oil & gas, power, and others. The commercial end-user segment is expected to account for a major market share in the forecast period, 2023-2027. A large number of ongoing and upcoming infrastructural projects and the huge fund allocation for the construction process is expected to influence the demand for HVAC units in the MENA region. The growth of the hospitality sector and the surge in the requirements of commercial spaces are contributing to the HVAC market growth.

The major players operating in the MENA HVAC market are Johnson Controls International PLC, Toshiba Carrier Corporation, United Technologies Corporation, Daikin Industries Ltd., Ingersoll-Rand plc, Mitsubishi Electric Corporation, LG Electronics Inc, Midea Group Co. Ltd, Gree Electric Appliances, Inc. of Zhuhai, Danfoss A/S, Fujitsu Limited, Panasonic Corporation, Samsung Electronics, Trane Technologies plc, Zamil Air Conditioners, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of MENA HVAC market from 2017 to 2020.
  • To estimate and forecast the market size of MENA HVAC market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast MENA HVAC market based on product type, end-user, regional distribution, and company.
  • To identify dominant region or segment in the MENA HVAC.
  • To identify drivers and challenges for MENA HVAC market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in MENA HVAC market.
  • To identify and analyze the profile of leading players operating in MENA HVAC market.
  • To identify key sustainable strategies adopted by market players in MENA HVAC market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of MENA HVAC market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • HVAC manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to HVAC market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         End User

Country scope

Iran; Saudi Arabia; United Arab Emirates; Egypt; Morocco; Kuwait; Turkey; Qatar; South Africa; Bahrain; Rest of MENA

Key companies profiled

Johnson Controls International PLC, Toshiba Carrier Corporation, United Technologies Corporation, Daikin Industries Ltd., Ingersoll-Rand plc, Mitsubishi Electric Corporation, LG Electronics Inc, Midea Group Co. Ltd, Gree Electric Appliances, Inc. of Zhuhai, Danfoss A/S, Fujitsu Limited, Panasonic Corporation, Samsung Electronics, Trane Technologies plc, Zamil Air Conditioners.

Customization scope

10% free report customization with purchase. Addition or alteration to country, & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, MENA HVAC market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         MENA HVAC Market, By Product Type:

    • Direct Expansion Systems
      • Split
      • Window
      • Ductable Split
      • VRF
      • Cassette
      • Others
    • Central Air Conditioning Systems
      • Chillers
      • Boilers
      • Cooling Towers
      • Air Handling Units
      • Fan Coil Units
      • HVAC Control System
      • Others
  • MENA HVAC Market, By End-user:
    • Commercial
    • Residential
    • Institutional
    • Marine & Offshore
    • Oil & Gas
    • Power
    • Others
  • MENA HVAC Market, By Region:

o   Iran

o   Saudi Arabia

o   United Arab Emirates

o   Egypt

o   Morocco

o   Kuwait

o   Turkey

o   Qatar

o   South Africa

o   Bahrain

o   Rest of MENA

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in MENA HVAC market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

MENA HVAC market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on MENA HVAC Market

4.    Executive Summary

5.    MENA HVAC Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Type (Direct Expansion Systems and Central Air Conditioning Systems)

5.2.1.1.         By Direct Expansion Systems (Split, Window, Ductable Split, VRF, Cassette and Others)

5.2.1.2.         By Central Air Conditioning Systems (Chillers, Boilers, Cooling Towers, Air Handling Units, Fan Coil Units, HVAC Control System and Others)

5.2.2.     By End-user (Commercial, Residential, Institutional, Marine & Offshore, Oil & Gas, Power and Others)

5.2.3.     By Country (Iran, Saudi Arabia, United Arab Emirates, Egypt, Morocco, Kuwait, Turkey, Qatar, South Africa, Bahrain, and Rest of MENA)

5.2.4.     By Company (2021)

5.3.  Product Market Map

6.    Iran HVAC Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type

6.2.2.     By End-user

7.    Saudi Arabia HVAC Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By End-user

8.    United Arab Emirates HVAC Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By End-user

9.    Egypt HVAC Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By End-user

10.  Morocco HVAC Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By End-user

11.  Kuwait HVAC Market Outlook

11.1.              Market Size & Forecast

11.1.1.   By Value

11.2.              Market Share & Forecast

11.2.1.  By Product Type

11.2.2.  By End-user

12.  Turkey HVAC Market Outlook

12.1.              Market Size & Forecast

12.1.1.   By Value

12.2.              Market Share & Forecast

12.2.1.  By Product Type

12.2.2.  By End-user

13.  Qatar HVAC Market Outlook

13.1.              Market Size & Forecast

13.1.1.   By Value

13.2.              Market Share & Forecast

13.2.1.  By Product Type

13.2.2.  By End-user

14.  South Africa HVAC Market Outlook

14.1.              Market Size & Forecast

14.1.1.   By Value

14.2.              Market Share & Forecast

14.2.1.  By Product Type

14.2.2.  By End-user

15.  Bahrain HVAC Market Outlook

15.1.              Market Size & Forecast

15.1.1.   By Value

15.2.              Market Share & Forecast

15.2.1.  By Product Type

15.2.2.  By End-user

16.  Market Dynamics

16.1.              Drivers

16.2.              Challenges

17.  Market Trends & Development

18.  Policy & Regulatory Landscape

19.  MENA Economic Profile

20.  Competitive Landscape

20.1.              Company Profiles

20.1.1.  Johnson Controls International PLC

20.1.2.  Toshiba Carrier Corporation

20.1.3.  United Technologies Corporation

20.1.4.  Daikin Industries Ltd.

20.1.5.  Ingersoll-Rand plc

20.1.6.  Mitsubishi Electric Corporation

20.1.7.  LG Electronics Inc

20.1.8.  Midea Group Co. Ltd.

20.1.9.  Gree Electric Appliances, Inc. of Zhuhai

20.1.10.                Danfoss A/S

20.1.11.                Fujitsu Limited

20.1.12.                Panasonic Corporation

20.1.13.                Samsung Electronics

20.1.14.                Trane Technologies plc

20.1.15.                Zamil Air Conditioners

21. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
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What major factors drive MENA HVAC Market growth?

Factors like surge in demand for the installation of the VRF systems in the high-rise buildings is driving the growth of the MENA HVAC market in the forecast years, 2023-2027.

Which companies may dominate the MENA HVAC Market?

Johnson Controls International PLC, Toshiba Carrier Corporation, United Technologies Corporation, Daikin Industries Ltd., Ingersoll-Rand plc, Mitsubishi Electric Corporation, among others are leading the MENA HVAC market in the forecast period, 2023-2027.

What is the study period for the MENA HVAC Market analysis?

The MENA HVAC market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

What strategic recommendations may the new market players follow in future?

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Press Release

MENA HVAC Market to grow at a Significant Rate through 2026

Aug, 2021

Increasing demand for energy efficient solutions and extreme weather conditions is expected to drive the demand for MENA HVAC market in the forecast period.


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