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

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.

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]