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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
UAE HVAC Market Outlook
The UAE HVAC market size 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.
Growing Demand for Heating Equipment due to Rapid Industrialisation to Bolster the Growth of the UAE HVAC Industry
The heating segment based on equipment accounts for a significant share in the market and is anticipated to witness a steady growth in the forecast period. This can be attributed to the rising demand for heat pumps owing to the safety, low-cost, reduced carbon emission, less maintenance, high lifespan, and easy installation offered by the product. Furthermore, the surge in demand for boilers and furnaces for applications such as floor and wall heating, steam generation, and vapourising is likely to augment the market growth in the forecast period.
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Meanwhile, the growing construction activities in the region to enhance the existing infrastructure and develop improved structures are expected to favour the market growth. The growing residential and commercial construction is expected to enhance the demand for ventilation and cooling equipment in the region in the forecast period. The establishment of regulating and standards organisations, such as ASHRAE, Uniform Mechanical Code, and AMCA, among others, to support the global HVAC industry and encourage high standards and achievement is anticipated to positively influence the market growth in the region.
HVAC: Market Segmentation
HVAC stands for heating, ventilation, and air conditioning. It is defined as a system utilising various technologies to heat, cool, or purify the air in an enclosed space such as a building. Also, HVAC systems help improve ventilation to provide high indoor air quality.
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Based on equipment, the market can be segmented into:
- Heating
- Heat Pumps
- Furnaces
- Unitary Heaters
- Ventilation
- Air-Handling Units
- Air Filters and Purifiers
- Ventilation Fans
- Dehumidifiers and Humidifiers
- Others
- Cooling
- Unitary Air Conditioners
- VRF Systems
- Chillers
- Coolers
- Cooling Towers
- Others
On the basis of implementation type, the market is segmented into:
- New Constructions
- Retrofits
The segmentation of the market, on the basis of end use, is as follows:
- Residential
- Commercial
- Industrial
Increasing Demand for Energy Efficient HVAC Systems to Boost the Growth of the HVAC Industry
The HVAC market in the UAE is driven by the rising demand for HVAC systems and equipment in the residential, commercial, and industrial sectors. HVAC systems and equipment bolster the comfort of residents during the time of harsh climate, such as in extreme summer or winter conditions. Furthermore, the rapid installation of HVAC systems in educational institutions and public administrative buildings is likely to augment the market growth in the forecast period. In addition to this, the growing technological advancements and the rising demand for energy-efficient HVAC systems are likely to propel the market growth in the coming years.
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Key Industry Players in the UAE HVAC Market
The report gives a detailed analysis of the following key players in the UAE HVAC market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Takyeef Factory LLC
- SASCO Airconditioning Industry
- Carrier Global Corporation
- LG Electronics Inc.
- Gulf Star Cooling Services LLC
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Equipment |
|
| Breakup by Implementation Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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.*
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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.
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