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UAE HVAC Market Size, Share, Trends, Analysis, Forecast: 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; Competitive Landscape; 2024-2032
UAE HVAC Market Size
The UAE HVAC market reached approximately USD 5.20 billion in 2023. The market is projected to grow at a CAGR of 4.10% between 2024 and 2032, reaching a value of around USD 7.47 billion by 2032.
UAE HVAC Market Report Snapshots
*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
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 UAE HVAC Market Analysis
9.1 Key Industry Highlights
9.2 UAE HVAC Historical Market (2018-2023)
9.3 UAE HVAC Market Forecast (2024-2032)
9.4 UAE 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
9.4.3.3.5 Coolers
9.4.3.3.6 Cooling Towers
9.4.3.3.7 Others
9.5 UAE 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 UAE 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 Takyeef Factory LLC
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 SASCO Airconditioning Industry
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 Carrier Global Corporation
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 Gulf Star Cooling Services LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC HVAC Market: Key Industry Highlights, 2018 and 2032
2. UAE HVAC Market: Key Industry Highlights, 2018 and 2032
3. UAE HVAC Historical Market: Breakup by Equipment (USD Billion), 2018-2023
4. UAE HVAC Market Forecast: Breakup by Equipment (USD Billion), 2024-2032
5. UAE HVAC Historical Market: Breakup by Implementation Type (USD Billion), 2018-2023
6. UAE HVAC Market Forecast: Breakup by Implementation Type (USD Billion), 2024-2032
7. UAE HVAC Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. UAE HVAC Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. UAE HVAC Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.10% between 2024 and 2032.
The major drivers of the industry, such as the rising application of HVAC systems in buildings, expanding construction sector, growing need to ventilate residential structures, and the rapid industrialisation and urbanisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing preference for energy-efficient HVAC systems and favourable government regulations to promote the same.
Heating, ventilation, and cooling are the major HVAC equipment considered within the market report.
New constructions and retrofits are the different implementation types considered within the market report.
Residential, commercial, and industrial are the different end uses of the product in the UAE HVAC industry.
The major players in the industry are Takyeef Factory LLC, SASCO Airconditioning Industry, Carrier Global Corporation, LG Electronics Inc., and Gulf Star Cooling Services LLC, among others.
Analyst Review
The UAE HVAC market is being driven by the rising installation of HVAC systems and equipment in residential, commercial, and industrial infrastructure. Aided by the favourable government policies to support the adoption of energy-efficient HVAC systems, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.10%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on equipment, the market is divided into heating, ventilation, and cooling. On the basis of implementation type, the market is divided into new constructions and retrofits. The significant end uses of HVAC systems include residential, commercial, and industrial. The key players in the above market include Takyeef Factory LLC, SASCO Airconditioning Industry, Carrier Global Corporation, LG Electronics Inc., and Gulf Star Cooling Services LLC, among 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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