U.A.E. HVAC Market Dynamics Trends, Segmentation & Key Players

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U.A.E. HVAC market is expected to reach $1.4 billion by 2024, registering a CAGR of 6.4%, during the forecast period. The growth in the market can be attributed to rising investments in the tourism-related projects, commercial infrastructure, and development in the overall transportation sector.

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U.A.E. HVAC Market

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Global U.A.E. HVAC Market U.A.E. HVAC market is expected to reach 1.4 billion by 2024 registering a CAGR of 6.4 during the forecast period. The growth in the market can be attributed to rising investments in the tourism-related projects commercial infrastructure and development in the overall transportation sector. In the recent past facility expansion has been the major activities observed in U.A.E. HVAC market. Daikin Industries Ltd. and Johnson Controls International PLC have been observed as the forerunner in strategic developments in the last year. These company are majorly focusing on facility expansion to strengthen their position in the market. Increasing construction projects in transportation sector is one of the key drivers of U.A.E. HVAC market. U.A.E. is exhibiting rise in construction projects in transportation sector pertaining to metro railway expansion projects and construction of new airports. Based on cooling type U.A.E. HVAC market has been segmented into room air conditioner RAC split units variable refrigerant flow VRF ducted split/packaged unit and chillers. Among these VRF is expected to register fastest growth in the market. On the basis of HVAC type United Arab Emirates HVAC market is segmented into heating ventilation and cooling. Of these ventilation category is anticipated to exhibit fastest CAGR during the forecast period due to increasing development of commercial spaces like upcoming metro projects shopping malls hotels and others in the country where ventilation system is expected to find its widespread application. Some of the major players operating the U.A.E. HVAC market includes United Technologies Corporation SKM Air Conditioning LLC. Zamil Air Conditioners LG Electronics Inc. Gree Electric Appliances Inc. of Zhuhai Mitsubishi Electric Corporation Johnson Controls International PLC Danfoss A/S Ingersoll-Rand plc Midea Group Co. Ltd. and Daikin Industries Ltd. U.A.E HVAC Market Segmentation Market Segmentation by HVAC Type • Heating o Heat Pumps ▪ Air source ▪ Water source ▪ Ground source o Furnaces ▪ Gasoline ▪ Propane ▪ Electric o Boilers ▪ Water-tube ▪ Fire-tube o Unitary Heaters

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Market Segmentation by Region • Abu Dhabi Al Ain HVAC Market • Dubai HVAC Market • Sharjah Other Northern Emirates HVAC Market 2 © PS Intelligence. All rights reserved

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