UAE HVAC Market
Description
UAE HVAC Market, By Offering (Equipment, Service); By Implementation Type (New Constructions, Retrofits); By End-User (Residential, Commercial, Industrial), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
UAE HVAC Market Size Set to Grow at Steady CAGR of 4.6% Touching USD 2.5 Billion by 2029
UAE HVAC market is gaining traction because of the rising demand for energy-efficient HVAC systems and increasing number of infrastructure projects.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE HVAC market size at USD 1,893 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the UAE HVAC market size to grow at a CAGR of 4.60% reaching a value of USD 2,476 million by 2029. The flourishing construction industry and rising government investment to raise the standard of the country's transportation sector are key development drivers for the UAE HVAC market. The UAE HVAC market will likely be strengthened overall by public-private investments in commercial infrastructure development projects to support the growth of the country's tourism industry.
UAE HVAC Market – Overview
Heating, ventilation, and air conditioning, or HVAC, is a system for maintaining and controlling the temperature, humidity, and purity of the air in a room or enclosed space. These systems are used in a wide range of commercial, residential, and industrial facilities, such as family homes, apartments, hotels, hospitals, trains, airplanes, ships, etc. Ventilation is a key aspect of HVAC as it helps in maintaining indoor air quality, which involves the removal of moisture, odors, smoke, and dust, temperature control, and oxygen replenishment.
UAE HVAC Market
Segmental Information
UAE HVAC Market – By Offering
Based on offering, the UAE HVAC market is split into equipment and service segments. The equipment segment is further classified into heating, ventilation, and cooling. The services segment is also sub-segmented into upgrade/replacement, maintenance and repair, installation, and consulting. Due to the country's subtropical arid climate with hot summers and warm winters, room air conditioners hold the most significant market share. UAE’s approximate average temperature is 32°C, however, it may frequently reach 37.2°C. Furthermore, the high disposable income of UAE consumers also plays a crucial factor in propelling market growth.
Impact of COVID-19 on UAE HVAC Market
The COVID-19 pandemic interrupted resource availability in the country and had a negative effect on the construction industry. Construction projects were delayed due to several issues, including schedule delays, disrupted cash flows, delayed permits, approvals, and inspections, travel restrictions, serious health and safety concerns, and material and equipment shortages. The restrictions on the manufacturing activities and supply chain of HVAC equipment, along with limited operations in the construction industry due to the shortage of labor, are linked to the stagnation of the UAE HVAC market.
Competitive Landscape
Major players operating in the UAE HVAC market include 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, and S.K.M. Air Conditioning LLC.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE HVAC Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE HVAC Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. UAE HVAC Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand for Energy-Efficient HVAC Systems
- 3.2.1.2. Rising Transportation-related Construction Projects
- 3.2.2. Restraints
- 3.2.2.1. Lack of Skilled Professionals
- 3.2.2.2. Energy Efficiency and Sustainability
- 3.2.3. Opportunities
- 3.2.3.1. Travel and Tourism are Rapidly Growing Industries in the Nation
- 3.2.3.2. Increase in Infrastructure Sector Investments
- 3.2.4. Challenges
- 3.2.4.1. Cost of Installation and Maintenance
- 3.2.4.2. Competition and Market Saturation
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. UAE HVAC Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Offering
- 4.2.1.1. Equipment
- 4.2.1.1.1. Heating
- 4.2.1.1.1.1. Heat Pumps
- 4.2.1.1.1.1.1. Air-source
- 4.2.1.1.1.1.2. Water-source
- 4.2.1.1.1.1.3. Ground-source
- 4.2.1.1.1.2. Furnaces
- 4.2.1.1.1.2.1. Gasoline
- 4.2.1.1.1.2.2. Propane
- 4.2.1.1.1.2.3. Electric
- 4.2.1.1.1.3. Boilers
- 4.2.1.1.1.3.1. Water-tube
- 4.2.1.1.1.3.2. Fire-tube
- 4.2.1.1.1.4. Unitary heaters
- 4.2.1.1.2. Ventilation
- 4.2.1.1.2.1. Air-Handling Units (AHUs)
- 4.2.1.1.2.1.1. Terminal units
- 4.2.1.1.2.1.2. Makeup air units
- 4.2.1.1.2.2. Ventilation Fans
- 4.2.1.1.2.2.1. Centrifugal fans
- 4.2.1.1.2.2.2. Axial fans
- 4.2.1.1.2.2.3. Domestic exhaust fans
- 4.2.1.1.2.2.4. Power roof fans
- 4.2.1.1.2.3. Fan Coil Units (FCUs)
- 4.2.1.1.2.3.1. Two-pipe
- 4.2.1.1.2.3.2. Four-pipe
- 4.2.1.1.2.4. Humidifiers/dehumidifiers
- 4.2.1.1.2.5. Air cleaners
- 4.2.1.1.2.5.1. Type 1: High-efficiency particulate air (HEPA) + carbon
- 4.2.1.1.2.5.2. Type 2: HEPA + carbon + ionizer
- 4.2.1.1.2.5.3. Type 3: HEPA + carbon + ultraviolet (UV)
- 4.2.1.1.2.5.4. Type 4: HEPA + carbon + ionizer + UV
- 4.2.1.1.2.5.5. Type 5: Other technologies
- 4.2.1.1.3. Cooling
- 4.2.1.1.3.1. Room air conditioners (ACS)
- 4.2.1.1.3.1.1. Mini splits
- 4.2.1.1.3.1.2. Window ACs
- 4.2.1.1.3.2. Split units
- 4.2.1.1.3.3. Ducted splits
- 4.2.1.1.3.3.1. Water-cooled condensers
- 4.2.1.1.3.3.2. Air-cooled condensers
- 4.2.1.1.3.4. Packaged units
- 4.2.1.1.3.4.1. Water-cooled condensers
- 4.2.1.1.3.4.2. Air-cooled condensers
- 4.2.1.1.3.5. Variable refrigerant flow (VRF) systems
- 4.2.1.1.3.5.1. Heat Pump Systems
- 4.2.1.1.3.5.2. Heat Recovery Systems
- 4.2.1.1.3.6. Chillers
- 4.2.1.1.3.6.1. Centrifugal
- 4.2.1.1.3.6.2. Screw
- 4.2.1.1.3.6.3. Scroll
- 4.2.1.1.3.6.4. Absorption
- 4.2.1.1.3.6.5. Reciprocating
- 4.2.1.2. Service
- 4.2.1.2.1. Upgradation/replacement
- 4.2.1.2.2. Maintenance and repair
- 4.2.1.2.3. Installation
- 4.2.1.2.4. Consulting
- 4.2.2. By Implementation Type
- 4.2.2.1. New Constructions
- 4.2.2.2. Retrofits
- 4.2.3. By End User
- 4.2.3.1. Residential
- 4.2.3.2. Commercial
- 4.2.3.3. Industrial
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Range
- 5.2. UAE HVAC Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
- 6. Impact of Covid-19 on UAE HVAC Market Industry
- 7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
- 7.1. Johnson Controls International plc
- 7.2. LG Electronics Inc.
- 7.3. Mitsubishi Electric Corporation
- 7.4. Gree Electric Appliances Inc. of Zhuhai
- 7.5. Trane Technologies plc
- 7.6. Danfoss A/S
- 7.7. Carrier Global Corporation
- 7.8. Midea Group Co. Ltd
- 7.9. Daikin Industries Ltd
- 7.10. Zamil Air Conditioners
- 7.11. S.K.M. Air Conditioning LLC
- 7.12. Other prominent players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents
- 9.5. Assumption & Limitation
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 UAE HVAC Market Segmentation
- Figure 2 UAE HVAC Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 UAE HVAC Market Size, By Value (USD Million), 2019–2029
- Figure 5 UAE HVAC Market Share, By Offering, By Value, 2019–2029
- Figure 6 UAE HVAC Market Share, By Implementation Type, By Value, 2019–2029
- Figure 7 UAE HVAC Market Share, By End-User, By Value, 2019–2029
- List of Tables
- Table 1 UAE HVAC Market Size, By Offering, By Value, 2019−2029
- Table 2 UAE HVAC Market Size, By Implementation Type, By Value, 2019−2029
- Table 3 UAE HVAC Market Size, By End-User, By Value, 2019−2029
- Table 4 Johnson Controls International plc Company Overview
- Table 5 Johnson Controls International plc Financial Overview
- Table 6 LG Electronics Inc. Company Overview
- Table 7 LG Electronics Inc. Financial Overview
- Table 8 Mitsubishi Electric Corporation Company Overview
- Table 9 Mitsubishi Electric Corporation Financial Overview
- Table 10 Gree Electric Appliances Inc. of Zhuhai Company Overview
- Table 11 Gree Electric Appliances Inc. of Zhuhai Financial Overview
- Table 12 Trane Technologies plc Company Overview
- Table 13 Trane Technologies plc Financial Overview
- Table 14 Danfoss A/S Company Overview
- Table 15 Danfoss A/S Financial Overview
- Table 16 Carrier Global Corporation Company Overview
- Table 17 Carrier Global Corporation Financial Overview
- Table 18 Midea Group Co. Ltd. Company Overview
- Table 19 Midea Group Co. Ltd. Financial Overview
- Table 20 Daikin Industries Ltd. Company Overview
- Table 21 Daikin Industries Ltd. Financial Overview
- Table 22 Zamil Air Conditioners Company Overview
- Table 23 Zamil Air Conditioners Financial Overview
- Table 24 S.K.M. Air Conditioning LLC Company Overview
- Table 25 S.K.M. Air Conditioning LLC Financial Overview
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