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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