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Saudi Arabia HVAC Market Size, Growth: By Equipment: Heating, Ventilation, Cooling; By Implementation Type: New Constructions, Retrofits; By End Use: Residential, Commercial, Industrial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Key Industry Players in the Saudi Arabia HVAC Market
The report gives a detailed analysis of the following key players in the Saudi Arabia HVAC market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Zamil Air Conditioners
- AirTech Riyadh
- Green Air Electro-Mechanical Contracting Company
- LG Electronics Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Saudi Arabia HVAC Market Report Snapshots
Saudi Arabia HVAC Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Saudi Arabia
7 Opportunities and Challenges in the Market
8 GCC HVAC Market Overview
8.1 Key Industry Highlights
8.2 GCC HVAC Historical Market (2018-2023)
8.3 GCC HVAC Market Forecast (2024-2032)
8.4 GCC HVAC Market by Country
8.4.1 Saudi Arabia
8.4.2 UAE
8.4.3 Qatar
8.4.4 Kuwait
8.4.5 Oman
8.4.6 Bahrain
9 Saudi Arabia HVAC Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia HVAC Historical Market (2018-2023)
9.3 Saudi Arabia HVAC Market Forecast (2024-2032)
9.4 Saudi Arabia HVAC Market by Equipment
9.4.1 Heating
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.1.3 Market by Type
9.4.1.3.1 Heat Pumps
9.4.1.3.2 Furnaces
9.4.1.3.3 Unitary Heaters
9.4.2 Ventilation
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.2.3 Market by Type
9.4.2.3.1 Air-Handling Units
9.4.2.3.2 Air Filters and Purifiers
9.4.2.3.3 Ventilation Fans
9.4.2.3.4 Dehumidifiers and Humidifiers
9.4.2.3.5 Others
9.4.3 Cooling
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.3.3 Market by Type
9.4.3.3.1 Unitary Air Conditioners
9.4.3.3.2 VRF Systems
9.4.3.3.3 Chillers
9.4.3.3.4 Coolers
9.4.3.3.5 Cooling Towers
9.4.3.3.6 Others
9.5 Saudi Arabia HVAC Market by Implementation Type
9.5.1 New Constructions
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Retrofits
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.6 Saudi Arabia HVAC Market by End Use
9.6.1 Residential
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Commercial
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Industrial
9.6.3.1 Historical Trend (2018-2023)
9.6.3.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Zamil Air Conditioners
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 AirTech Riyadh
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Green Air Electro-Mechanical Contracting Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 LG Electronics Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC HVAC Market: Key Industry Highlights, 2017 and 2027
2. Saudi Arabia HVAC Market: Key Industry Highlights, 2017 and 2027
3. Saudi Arabia HVAC Historical Market: Breakup by Equipment (USD Billion), 2018-2023
4. Saudi Arabia HVAC Market Forecast: Breakup by Equipment (USD Billion), 2024-2032
5. Saudi Arabia HVAC Historical Market: Breakup by Implementation Type (USD Billion), 2018-2023
6. Saudi Arabia HVAC Market Forecast: Breakup by Implementation Type (USD Billion), 2024-2032
7. Saudi Arabia HVAC Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Saudi Arabia HVAC Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Saudi Arabia HVAC Market Structure
Key Questions Answered in the Report
The Saudi Arabia HVAC market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The major market drivers include increasing construction activities, the rising prevalence of extreme weather conditions due to rapid climate change, and the surging upgradation and replacement activities of HVAC.
The key trends propelling the market growth are the surging infrastructural development activities, the robust growth of the commercial sector, and technological advancements and innovations in HVAC systems.
The several equipment of HVAC considered in the market report are heating, ventilation, and cooling.
The major installation types of HVAC considered in the market report are new constructions and retrofits.
The different end uses of HVAC include residential, commercial, and industrial.
The leading players in this market are Zamil Air Conditioners, AirTech Riyadh, Green Air Electro-Mechanical Contracting Company, and LG Electronics Inc., amongst others.
Analyst Review
The Saudi Arabia HVAC market is driven by technical advancements and inventions, upcoming commercial ventures, shifting habits, and a growing number of government measures aimed at reforming the country's oil-dependent economy. Aided by the rising construction activity in the country's residential and industrial sectors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.1%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the equipment, the Saudi Arabia HVAC market can be segmented into heating, ventilation and cooling. Heating equipment is further divided into heat pumps, furnaces, and unitary heating. Ventilation equipment can be divided into air-handling units, air-filters and purifiers, ventilator fans, and dehumidifiers and humidifiers, among others. Cooling segment can further be divided into unitary air conditioners, VRF systems, chillers, coolers, and cooling towers, among others. By implementation, the industry can be divided into new constructions and retrofits. The HVAC industry finds end-uses such as residential, commercial and industrial uses. The key players in the above industry include Zamil Air Conditioners, AirTech Riyadh, Green Air Electro-Mechanical Contracting Company, and LG Electronics Inc., amongst others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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