Dublin, Nov. 30, 2020 (GLOBE NEWSWIRE) -- The "U.A.E. HVAC Market Research Report: By Offering (Equipment, Service), End-User (Commercial, Industrial, Residential) - Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The market stood at $1,873.1 million in 2019, and it is projected to generate around $2,774.7 million by 2030.

This growth will ride on the back of the growing residential, industrial, commercial, and hospitality sectors of the U.A.E.

An increase in the investments in the infrastructure sector and expansion of the tourism industry will drive the growth of the U.A.E heating, ventilation, and air conditioning (HVAC) market at a CAGR of 5.2% during the forecast period of 2020-2030. In terms of revenue,

The construction industry is one of the key driving forces for the U.A.E. HVAC market growth. The U.A.E. government is dedicated to enhancing the quality of the transportation sector of the country, which is why projects such as the extension of the Red Line of Dubai Metro, under the Route 22 plan, and construction of new airports are underway. The government is investing extensively in a new and renewed transportation sector to host Dubai Expo 2020. These ventures will inevitably increase the demand for HVAC systems in this Middle-Eastern nation.

The segments of the U.A.E. HVAC market are offering, end-user, and region. The offering segment is divided into two categories: equipment and service. Further classifications of the equipment category include heating, ventilation, and cooling systems. The cooling category dominated the market in 2019, and it is also expected to hold the topmost position during the forecast period. This is primarily due to the hot and humid conditions of this desert nation and rapid urbanization, which will increase the demand for cooling equipment in the coming years.

Dubai proved to be the largest U.A.E. HVAC market in 2019, because of the increasing construction of large infrastructure units. These rapid construction activities are in response to the upcoming event of Dubai Expo 2020. Additionally, the government is increasing its focus on the construction sector to reduce the dependency on the oil and gas sector. The tourism industry also plays a significant role in the development of infrastructure in Dubai; therefore, it will also contribute to the growth of the market.

The capital city of the U.A.E, Abu Dhabi, and Al Ain are expected to together witness the highest growth rate in the U.A.E. HVAC market in the forecast years. This growth will be driven by the Abu Dhabi 2030 plan, which aims to attract at least 7.9 million tourists annually and reduce the dependency on gas and oil. The construction of new offices and retail spaces is also projected to be a prime factor that will add substantially to the revenue of the market.

Therefore, an increase in construction activities and the expansion of infrastructure across the U.A.E. will drive the growth of the market. The demand for HVAC equipment and services will increase during the forecast period due to the newly constructed buildings being commissioned and extreme climatic conditions. Moreover, the extensive support of the government will drive the market to new heights in the future.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
2.6 Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering
4.1.1.1 Equipment
4.1.1.1.2 Ventilation
4.1.1.1.3 Cooling
4.1.1.2 By service
4.1.1.2.1 Installation
4.1.1.2.2 Upgradation/replacement
4.1.1.2.3 Maintenance & repair
4.1.1.2.4 Consulting
4.1.2 By End-User
4.1.2.1 Commercial
4.1.2.2 Industrial
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Adoption of smart HVAC systems
4.3.1.2 Demand for energy-efficient HVAC systems
4.3.2 Drivers
4.3.2.1 Increasing construction projects in transportation sector
4.3.2.2 Growing hospitality industry
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraint
4.3.3.1 Lack of skilled professionals
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Demand for VRF systems in residential and commercial buildings
4.3.4.2 Increasing popularity of geothermal HVAC
4.3.4.3 Growing popularity of district cooling
4.4 Impact of COVID-19
4.5 Porter's Five Forces Analysis

Chapter 5. U.A.E. HVAC Market
5.1 By Offering
5.1.1 Equipment, by Type
5.1.1.1 Heating equipment, by type
5.1.1.1.1 Heat pumps, by type
5.1.1.1.2 Furnaces, by type
5.1.1.1.3 Boilers, by type
5.1.1.2 Ventilation equipment, by type
5.1.1.2.1 Ventilation fans, by type
5.1.1.2.2 Air handling units and fan coil units, by type
5.1.1.2.3 Air cleaners, by type
5.1.1.2.4 Humidifiers/dehumidifiers, by type
5.1.1.3 Cooling equipment, by type
5.1.1.3.1 Room ACs, by type
5.1.1.3.2 Ducted splits/packaged units, by type
5.1.1.3.3 VRF systems, by type
5.1.1.3.4 Chillers, by type
5.1.2 Service, by Type
5.2 By End-User
5.2.1 Commercial, by Type
5.2.2 Industrial, by Type
5.2.3 Residential
5.3 By Region

Chapter 6. Competitive Landscape
6.1 List of Key Players
6.2 Market Share Analysis of Key Players
6.3 Competitive Benchmarking of Players
6.4 Strategic Developments of Key Players
6.4.1 Product Launches
6.4.2 Partnerships
6.4.3 Facility Expansions

Chapter 7. Company Profiles

  • Johnson Controls International plc
  • LG Electronics Inc.
  • Mitsubishi Electric Corporation
  • Gree Electric Appliances Inc. of Zhuhai
  • Trane Technologies plc
  • Danfoss A/S
  • Carrier Global Corporation
  • Midea Group Co. Ltd.
  • Daikin Industries Ltd.
  • Zamil Air Conditioners
  • S.K.M. Cooling LLC

For more information about this report visit https://www.researchandmarkets.com/r/9dl95s

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900