The new report by Expert Market Research titled, ‘UAE HVAC Market Report and Forecast 2022-2027’, gives an in-depth analysis of the UAE HVAC market, assessing the market based on its segments like equipment, implementation types, and end uses. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 6.70%
The HVAC industry in the UAE is being driven by the rising demand for air-handling units, air filters and purifiers, ventilation fans and dehumidifiers, and humidifiers from the residential and commercial building industry. As ventilation aids the residential structure to eliminate moisture, smoke, cooking odours, and indoor pollutants, the demand for HVAC units is surging. Efficient HVAC systems control the heat levels in the attic and moderates the dampness in the rooms with less space to bolster the comfort of occupants, hence driving the industry growth. Additionally, the increasing preference for HVAC systems in the residential sector owing to the country’s growing population and rising disposable income is expected to boost market growth in the forecast period.
Industry Definition and Major Segments
HVAC, which is an abbreviation for heating, ventilation, and air conditioning, is defined as a system that allows the air in the room to travel from indoor to outdoor or vice versa, keeping the building free of pollutants and comfortable for the occupants. HVAC system regulates the temperature of the room as per the requirement of the occupants. It is extensively deployed in commercial and residential buildings to enhance the overall comfortability of occupants.
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On the basis of equipment, the market can be segmented into:
• Heating
o Heat Pumps
o Furnaces
o Unitary Heaters
• Ventilation
o Air-Handling Units
o Air Filters and Purifiers
o Ventilation Fans
o Dehumidifiers and Humidifiers
o Others
• Cooling
o Unitary Air Conditioners
o VRF Systems
o Chillers
o Room Air Conditioners
o Coolers
o Cooling Towers
o Others
By implementation type, the market is bifurcated into:
• New Constructions
• Retrofits
The market segmentation, based on end use, includes:
• Residential
• Commercial
• Industrial
Market Trends
The stringent government regulations aimed at curbing air pollution and reducing carbon emissions is likely to propel market growth of HVAC in the UAE. The upgradation of public administration structures and commercial buildings such as restaurants and hotels are likely to propel the demand for HVAC equipment. Moreover, the ongoing mergers and acquisitions and the growing expansion of the major HVAC equipment manufacturing companies in the region are likely to fuel the market expansion. The rising investments in the mega construction projects in the country such as Burj Jumeirah in Dubai are anticipated to further propel the growth for HVAC market in the coming years.
Key Market Players
The major players in the market are Takyeef Factory LLC, SASCO Airconditioning Industry, Carrier Global Corporation, LG Electronics Inc., and Gulf Star Cooling Services LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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