Market Insights and Analysis: GCC HVACR Market Overview and Projections (2023-2028)
The GCC HVACR Market size is valued at around USD 6.2 billion in 2022 & is estimated to grow at a CAGR of about 5.32% during the forecast period, i.e., 2023-28.
Top leading companies in the GCC HVACR Market includes:
LG Electronics, S.K.M. Air Conditioning, Carrier Corporation, Gree, Samsung, Daikin Industries, Mitsubishi, Trane Inc., Johnson Controls Inc., Zamil Air Conditioners Holding Co. Ltd., Others
Industry Recent Development:
- 2023: LG signed an agreement with Khansaheb Industries for distribution in the UAE market. Through this agreement, Khansaheb Industries would promote & sell LG,’s wide diversity of HVAC products.
- 2022: Carrier introduced split systems and variable refrigerant flow (VRF) technology for residential & small commercial buildings designed for reliable performance in the Middle East’s harsh climatic conditions.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Window AC
--Up to 1 Ton
--1.1 to 2 Ton
--Above 2 Ton
-Split AC
--Up to 1 Ton
--to1.5 Ton
--1.6 to 2 Ton
-Floor Standing AC
--Up to 2 Ton
--Above 2 Ton
-Cassette AC
-Packaged AC
-Ducted Split AC
-Centralized AC
--FCU/AHU
--Chillers
--VRF
-Refrigeration
By End User
-Residential
-Commercial Buildings
-Retail
-Healthcare
-Hospitality
-Government & Transportation
-Oil & Gas
-Industrial Facilities
-Other Developing Industries (Hydrofarms, etc.)
- The residential sector accounted for a considerable market share owing to the mounting expansion of residential buildings in countries like the UAE, Saudi Arabia, etc., backed by the upgrade in the expatriate population.
By Sales Channel
-Direct Sales
-Online
-Authorized Distributors
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GCC HVACR Market Geographic Reach:
The Geographic Reach of the GCC HVACR Market evaluates the spread and significance of GCC HVACR Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Saudi Arabia
- Oman
- Qatar
- Bahrain
- Kuwait
- The UAE
Note: If you require specific information not covered in the current report, we can provide it through customized option
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