Saudi Arabia HVAC Market By Type (Direct Expansion Systems and Central HVAC Systems), By End User (Residential, Commercial, Institutional and Industrial), Competition Forecast & Opportunities, 2024-2032
Published on: 2024-11-02 | No of Pages : 320 | Industry : Consumer Goods and Retail
Publisher : MIR | Format : PDF&Excel
Saudi Arabia HVAC Market By Type (Direct Expansion Systems and Central HVAC Systems), By End User (Residential, Commercial, Institutional and Industrial), Competition Forecast & Opportunities, 2024-2032
Saudi Arabia HVAC market is projected tosurpass $ 2.75 billion by 2023, on account of growing construction activitiesin the country’s residential as well as industrial sectors. Extreme climaticconditions in Saudi Arabia, changing lifestyles and rising number of governmentinitiatives towards restructuring the country’s oil-dependent economy areexpected to boost demand for HVAC systems in in the country during the forecastperiod. Growth in the market is also anticipated to be driven by increasing integration of HVAC systemsin smart products and continuously rising demand for energy-efficient HVACsystems.
Yearsconsidered for this report
HistoricalYears2013-2016
Base Year2017
Estimated Year2018
Forecast Period2019–2023
Objectiveof the Study
- To analyze and forecast Saudi Arabia HVAC market size.
- To define, classify and forecast Saudi Arabia HVAC market on the basis of type, end user, region and company.
- To analyze and forecast the market share, in terms of value, for Saudi Arabia HVAC market with respect to typedirect expansion and central HVAC systems.
- To analyze and forecast the market share, in terms of value, for Saudi Arabia HVAC market with respect to end users residential, commercial, institutional and industrial.
- To scrutinize the detailed market segmentation and forecast the market share, in terms of value, with respect to region by segmenting Saudi Arabia HVAC market into four regions, namely – Northern & Central, Western, Southern and Eastern.
- To examine supply chain along with margins and evaluate pricing through product benchmarking in Saudi Arabia HVAC market.
- To strategically profile the leading players operating in Saudi Arabia HVAC market.
Click here to download the brochure
Some of the major players operating in Saudi Arabia HVAC market are Trane Inc., Johnson Control International Plc (Al Salem York), Toshiba Carrier Corporation, LG Shaker Co. Ltd., Zamil Air Conditioners Holding Co. Ltd., Gree Electrical Appliances Inc., Samsung Electronics Co. Ltd., Fujitsu Ltd., Daikin Air Conditioning Saudi Arabia LLC, Midea Middle East, Haier Saudi Arabia,
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Saudi Arabia HVAC manufacturers and suppliers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the manufacturers / suppliers, which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, end users, and regional presence of all major HVAC suppliers across the country.
TechSci Research calculated Saudi Arabia HVAC market size using a bottom-up approach, where manufacturers’ value & volume shares data for HVAC types (Direct Expansion Systems and Central HVAC Systems) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as directories, databases, company annual reports and financial reports, World Bank, industry magazines, government databases, news dailies, credible paid databases, proprietary database, white papers and investor presentations were also used by TechSci Research.
Key Target Audience
- Saudi Arabia HVAC (Direct Expansion Systems and Central HVAC Systems) manufacturers, suppliers, major end users and other stakeholders
- Organizations, forums and alliances related to HVAC market
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Saudi Arabia HVAC manufacturers, distributors, dealers, policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.