Middle East and Africa HVAC Market Report and Forecast 2024-2032

Middle East and Africa HVAC Market Outlook

The Middle East and Africa HVAC market size reached approximately USD 10.41 billion in 2023. The market is assessed to grow at a CAGR of 6.5% between 2024 and 2032 to attain a value of around USD 18.44 billion by 2032.

Key Trends in the Market

HVAC, variously known as heating, ventilation, and air conditioning, refers to systems that move and regulate the temperature and humidity of an indoor environment. It also captures spores, bacteria, and virus-sized particles to improve air quality and control humidity levels. In the residential, commercial, and industrial sectors, HVAC plays an essential role in regulating ventilation and heat.

• Growing pollution levels and deteriorating air quality index (AQI) are positively influencing the Middle East and Africa HVAC market demand. Surging concerns regarding respiratory diseases, coupled with increasing incidences of allergies to pollen and dust, are prompting homeowners and building operators to install HVAC systems that can ensure optimal indoor air quality and efficiently remove pollutants and allergens.

• Sustainability has emerged as a significant area of concern for stakeholders and governments around the world, including the Middle East and Africa. Hence, the development of sustainable and environmentally friendly heating and cooling systems that do not produce harmful gases such as chlorofluorocarbons (CFCs) and hydrofluorocarbons (HFCs) is one of the key Middle East and Africa HVAC market trends.

Key HVAC companies are also investing in sustainable practices and technologies and minimising the usage of fossil fuels. Furthermore, sustainable developments like solar HVAC systems, geothermal power sources, hydronic heating technology, and wind power heaters, among others, are likely to favour the market demand in the forecast period.

• The Middle East and Africa HVAC market growth can be attributed to the increasing adoption of automated HVAC technologies and the development of new and complex tools such as movement-activated air conditioning, smart homes, and dual-fuel heat pumps, among others. Automation of HVAC ensures optimal indoor air quality, reduces operational costs, and enhances the energy efficiency of a building while providing a streamlined problem-solving approach.

• The growing usage of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is expected to favour the Middle East and Africa HVAC market expansion in the coming years. Such technologies facilitate remote monitoring and control of HVAC systems, enable predictive maintenance, lower maintenance costs and downtime, eliminate excessive cooling and heating, and optimise variables like humidity and airflow.

Market Analysis

Based on equipment, the market is divided into heating, ventilation, and cooling. On the basis of implementation type, the Middle East and Africa HVAC market segmentation includes new constructions and retrofits.

By end use, the market divisions include residential, commercial, and industrial, among others. The major countries of HVAC in the Middle East and Africa include the United Arab Emirates, Saudi Arabia, Qatar, Oman, Egypt, Nigeria, and Morocco, among 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. The report gives a detailed analysis of the following key players in the Middle East and Africa HVAC market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Carrier Global Corporation

• Zamil Air Conditioners

• LG Electronics Inc.

• Daikin Industries, Ltd.

• Samsung Electronics Co. Ltd.

• Johnson Controls International plc

• Gulf Star Cooling Services LLC

• S.K.M. Air Conditioning LLC

• GREE Comfort

• Takyeef Factory LLC

• SASCO Airconditioning Industry

• Others

Market Share by Implementation Type

New constructions account for a significant portion of the Middle East and Africa HVAC market share. The installation of HVAC systems during construction offers various benefits, such as advanced energy-saving features, better integration with the design and layout of buildings, long-term cost savings, and improved flexibility.

In the forecast period, the rising construction of green and energy-efficient buildings in the Middle East and Africa is likely to surge the demand for HVAC systems in new construction activities.

Market Share by End Use

As per the Middle East and Africa HVAC market analysis, the demand for HVAC systems in the commercial sector is considerably surging amid the growing awareness regarding the importance of optimal indoor temperature, humidity, and ventilation to enhance the productivity of employees. Governments in the region are actively introducing stringent initiatives to reduce the energy consumption of commercial buildings, hence boosting the installation of HVAC systems.

Growing infrastructural development activities and increasing construction of commercial buildings like malls and offices in countries like Saudi Arabia and South Africa, among others, are fuelling the demand for HVAC. Besides, the increasing focus of homeowners to create a healthy, safe, and comfortable indoor environment is anticipated to aid the market demand in the coming years.

Competitive Landscape

Gulf Star Cooling Services LLC, established in 1997, is a prominent HVAC company that is headquartered in Abu Dhabi, the UAE. It also has a workshop in Mussafah and a branch in Dubai. A part of Control & Applications Group, the company has completed more than 150 projects in the UAE and boasts expertise in offshore and onshore HVAC areas.

S.K.M. Air Conditioning LLC is a major manufacturer of HVAC equipment in the Gulf. It was established in 1974 and aims to meet the growing needs of indoor environment quality in extreme environmental conditions. The company also offers premium quality products and solutions for blue chip projects for government agencies, companies, and organisations.

Zamil Air Conditioners, founded in 1974, is the heating, ventilation, and air conditioning subsidiary of Zamil Industrial Group. It has established its position as a leading manufacturer of air conditioners in the Middle East and Saudi Arabia. It provides air conditioning solutions for the industrial, commercial, and residential sectors.

Other Middle East and Africa HVAC market players include Carrier Global Corporation, LG Electronics Inc., Daikin Industries, Ltd., Samsung Electronics Co. Ltd., Johnson Controls International plc, GREE Comfort, Takyeef Factory LLC, and SASCO Airconditioning Industry, among others.

Key Highlights of the Report